Mikeoxenormous
Diamond Member
Rippling through the economy, causing high unemployment
Deflation can lead to a depression by rippling through the economy, causing high unemployment, and catapulting a recession into a depression123. When companies are unable to sell products and revenue decreases, they cut costs, which may include closing stores, plants, and warehouses, and laying off workers. Workers will decrease spending, leading to less demand and more deflation. Massive deflation helped turn the 1929 recession into the Great Depression2. As prices fell, companies went out of business, and more people became unemployed23.
People will end up losing their jobs, a lot of small businesses will go out of business, and many people will end up at soup kitchens, but can those kitchens support US citizens and all the millions of illegals that have come to this country? Or will the illegals high tail it back to their own countries, which probably will be in a better state at least for a little while? I have see the talk of deflation, but can it happen in 2024?
I bet the Marxists are salivating for this to happen to the United Socialist States of America.
Deflation can lead to a depression by rippling through the economy, causing high unemployment, and catapulting a recession into a depression123. When companies are unable to sell products and revenue decreases, they cut costs, which may include closing stores, plants, and warehouses, and laying off workers. Workers will decrease spending, leading to less demand and more deflation. Massive deflation helped turn the 1929 recession into the Great Depression2. As prices fell, companies went out of business, and more people became unemployed23.
People will end up losing their jobs, a lot of small businesses will go out of business, and many people will end up at soup kitchens, but can those kitchens support US citizens and all the millions of illegals that have come to this country? Or will the illegals high tail it back to their own countries, which probably will be in a better state at least for a little while? I have see the talk of deflation, but can it happen in 2024?
I bet the Marxists are salivating for this to happen to the United Socialist States of America.