Credit Crisis Hits Worst Level Since Great Recession As Millions Of Americans Go Bankrupt
HTML-код
- Опубликовано: 9 июн 2024
- Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being impacted by decreased sales and falling profits at a time costs continue to climb. The credit crisis is now reaching levels last seen during the Great Recession, with big banks tightening their lending standards to prevent further losses and more failures in the months ahead.
In fact, the Board of Governors of the Federal Reserve System reported that bank credit levels have fallen for three quarters in a row, marking the first sustained contraction since 2010. This is only the second such decline in more than half a century. The last one was witnessed during the years of 2008 and 2009, when the world was grappling with the repercussions of the Global Financial Crisis.
The extended slump in bank lending comes as many Wall Street analysts continue to project a pessimistic outlook for the U.S. economy. "Bank credit is contracting for only the 2nd time in 50 years," stressed Tilo Marotz, head of liquid assets at German insurer Continentale Versicherungsverbund. The credit contraction means that companies and consumers will have to borrow less, with higher interest rates making it more expensive to take out loans, he explained.
When it's harder to raise debt, businesses are less likely to go on with spending projects, and consumers are forced to delay big purchases, including cars and homes, which can further drag on economic growth. Record-high interest rates only add assault to injury. Still, the central bank has signaled that it'll not start loosening monetary policy until it reaches its 2% target. Until then, it will be tougher for households and businesses to access credit, experts say.
Late last month, the Federal Reserve's Senior Loan Officer Opinion Survey revealed that most banks in the U.S. tightened their lending standards during the past quarter. For businesses, 51% of banks tightened their lending standards for commercial and industrial loans to large and middle market firms, while 68% tightened standards for commercial real estate loans. Since February, commercial real estate loans held by banks have declined by $33 billion due to rising delinquency rates and high exposure to the sector's ongoing crisis.
![Natti Natasha - Quiéreme Menos [Official Video]](http://i.ytimg.com/vi/R57RrTjRGxk/mqdefault.jpg)
If we are to survive in this economic crisis we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. I'm still at a crossroads deciding if to liquidate my $300k stock portfolio
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
But wait! According to the White House the economy is booming! 🤮 You know it is bad when folks are using credit cards to buy the basics, such as food.
You would feel differently if you were employed.
Right, and this video on RUclips is what you should definitely trust then.
@simonlo9956 please explain? Do you think everything is fine and the US is going to be just dandy? I'm from a different country and I can tell you the US is the 🤡 of the century in the eyes of the world.
The economy is indeed booming if you look as consumerism and income as a metric. And if you were to remove housing and transportation (97% of US commuters use cars) then the inflation would be considerably lower than wage gains. Thus, using credit cards to pay for basics is the cost when you center your lifestyle around the suburban home and the automobile. Fix that with more compact housing and public transportation, and you've almost solved this problem.
Yeah, Bidens oil futures in Ukraine are going to be great if the US keeps pumping money into it.
They should start teaching schools, ' how to survive homeless and hungry'
They have one. It's called Bidenomics
Not a bad idea at all. Agreed
Nope there just teaching them to vote for the dem communist system.
Yes they should
They should also teach how the financial system really works
.
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
dec 23rd 1913 it was all a dream because most are still asleep
I wish I had money for each time that was copy/pasted to the internet...
Over 5 million home owners are atleast 1 month behind.
I only have 1000 bucks no debt no job and im still richer than most
Money is something to use not to have. Having it has it perils if you don't know how to keep it.
You are a rich man. Aquire another $200 and that's a 20% increase. Or double digit growth. You are on the right path. I think you need to learn to exercise this. But I have faith you will get there.
You are certainly richer than most people.
Up to 65 percent of adults don't even have 1,000 bucks for any emergency.
2 Timothy 3:1-4
[1]This know also, that in the last days perilous times shall come.
[2]For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
[3]Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
[4]Traitors, heady, highminded, lovers of pleasures more than lovers of YAHUAH;
Inflation is the worst i have seen my 75 years on the earth.
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
You Americans need to dump the federal reserve. Why you let a private entity control your currency kinda seems like a setup
its by design, you will own nothing and be happy about it.
And yet the news tell lies by stating it isn't the worse in the recent years... this beast government is "funny"....
Prices are MUCH LOWER in Heaven
My father said in the eighties, there gonna print money untill it collapse. It will take another ten more years of inflation to start a revolution. I'm glad he told me that the only thing that gives you a chance to survive the unrest is gold and silver. Thanks dad r.i.p.
We can’t just print money. We have to sell our treasury bonds to willing buyers, then we can print money. Even through all of the quantitative easing, we were still able to sell the bonds to back that currency. Since 1/6 no one wants to buy our bonds anymore. If 1/6 had been successful in overthrowing the government then every single U.S. treasury bond would have gone to zero. Just the amount of U.S. debt dumped by countries around the world immediately after 1/6 caused the BOE and the ECB to set unlimited debt buying policies. That kept the dollar from going to zero. No ones buying, it’s a bad risk. Because the world knows that the day the United States is no longer a democracy, that’s the day the dollar goes to zero. The Democratic government that issued those bonds would no longer exist and the new autocratic government would have no obligation whatsoever, to honor those securities.
Your father was right !
@@ot5634 my father was born in 1933, almost no schooling, started working after the war and was one of the most wise man i knew. These days i miss the conversations we could have.
@@reneoppenneer9339 By reading your comment, seems like your father was an outstanding man. He when through a lot in life, fighting in a war and working hard to provide for himself and his family. And still took the timeout to share his wise about life with you. Respect to your father 😊Rest in peace.🕊
Your dad hit the nail on the head!
Isn't this wonderful, he'll probably get another record number of votes.
He probably will be going to do something that will shake things up prior to election day, October surprises
You dopes should have voted for Haley. At least she would have a chance.
the other guy spent more than this guy and did his fair share to get us here.....but of course you would know that because you seem to know politics very well 🙄
@IneptSystem you mean Obama? I agree!
@@IneptSystem Inflation was just over 1% when the other guy left. Declaring war on the oil industry on day 1 was Biden's first of many mistakes to cause inflation, but you already knew that right?
it's a tough situation. I think it might be wise to reassess our investment strategies considering the current economic climate.
Definitely. I've been reading about how important it is to have a diversified portfolio during times like this. We need to be prepared for any fluctuations in the market.
I agree. Maybe it's time to consider reallocating some of our assets to safer options, like fixed-income investments or even alternative assets.
That sounds like a good plan. We need to protect our investments as much as possible, especially with the uncertainty in the global economy right now.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
They changed the definition of a recession... So everything is just dandy folks!
BABYLON FINISHED!!!
Where to from here? 🤔
@@adrukova1407 "KEEP THAT SAME ENGERY"
@@Yasharalal144 what does that even mean? I don't hayte you, I was just asking you a question..... where you gonna go now? Do blck men even build anything?
Printing endless mountains of monopoly money = the end of a wicked system built on genocide and slavery businesses struggling, the so-called rich get richer only when the public consume and purchase now every single family in America is struggling to keep gasoline in their vehicles, roof over head, food on the table, 800 to 900 vehicle note,mortgage, taxes, yeah keep voting Democrat 5th world country is coming . Karma is here for the dirty things America has done. Buckle up folks bumpy ride ahead.
Sounds like a toodles. 😮
Did you catch that? "In the making for decades." People, wake up. This is more than whoever is in Oval office presently and holding them responsible. No, I am not a Joe Biden fan or a Donald Trump fan. I am a fan of the truth. Whoever would be in office, we would still be headed down this same road.
I don't care who is in office, because it doesn't deter my goals: spend wisely, save often, keep my debt under control, and live simply.
Those are excellent goals. I was taught similar goals: work hard, save religiously, spend very carefully, and invest wisely for a
better future. To this, I added: find a great spouse and stay with them for life. This has worked very well for the past 54 years.
It's the federal reserve that's the government
That's what I do
It seems that most preppers are being vindicated by those who mocked them and said they were crazy. I guess they weren't as crazy as one believed.
Not all, some can't admit. 🙃
When one knows that they are right, they do not need vindication from those who are wrong.
@edb3877 of course they do. Obviously, some will say they don't need to hear, but they do.
It could be said that Preppers & Homesteaders are "Crazy like a fox"...
@@lilblackduc7312 yes, they are. 😂
Banker told me credit card interest rates are going sky high soon.
They’re already 24-34% !
25 years ago they were 12-18%
American living - Being Small but Spending Big.
I don’t understand why I get credit card offers everyday by mail from big banks. I have more than enough credit cards and at very low interest rates.
Just max em out and buy bitcoin
Nothing new here!
The world has already walked down DEPRESSION STREET!
🇳🇿
The costs of voting STUPID.......
'They' count the votes AND present the side show menu choices to boot! Rigged every which way but loose!
😅🎉🥳✌️🤫
In case you haven't been paying attention, the Republicans have gone right along with the Democrats.
Maybe you need to stop buying your Big Mac Meals with your CC.
@@nicholasthomas3635 MAGAs looking for someone to blame for their foolish spending.
Capital one closing my card.
Didn’t pay on time?
If you can, pay your statement balance in full before the due date every month to keep from paying finance fees every month.
The sad thing is that needed to be said out loud or in print. Should that not be known universally?
I've been prepping for this a long while. No car (cycling only), no house payments (I rent a room), Good job (in Tech, with a decent salary), small debt (last 5K in student loans left), heavy in cash and commodities. No women, no kids. Let it all collapse. I'm ready.
very smart.....nothing to lose
I’m with but I got wife and one kid
🚴
And no opsec so everyone knows what you’ve got
You'll own nothing and be happy
They need to teach children, how to balance check books
And stay away from credit cards.
Open credit is an open coffin. They're too busy indoctrinating and brainwashing children in Social/Marxism to teach academics. Besides, 'math' is racist. Lol
The homeless population is increasing all over the USA. The next great depression has begun.
Time to turn central park back into what is was! A homeless camp!
The depression has already started at the beginning of the pandemic. The resulting economic downturn is something that the world has never come out of.
Fall of the Empire
I agree.
The United States falling as the world empire is a frightening prospect. Especially if the likes of China takes over!
Bankruptcy is literally someone saying their finances are fked. More people need to live within their means. So many are overextended in payments for NO real beneficial reason.
No problem for me i never believed in credit if couldnt pay for it didntget it I lived through the grear recession got married in the great recession bought first permanent home in great recession lived thhrough it all to tell u this now
You should have spent a couple of bucks on a remedial English class.
@@williamwilson6499 sorry I had lost my readers and my fingers are !large inadvertently popping the wrong letters
While in school I attended double English courses and pride myself with having the knowledge to be able to destroy the English language and being able to explain the discrepancies
Interest rates are not really high. For most of my life it was much higher than it is today. Rates were held down to long and has helped cause the mess we are in now.
Living off the grid on the big island. No card or loan debt. Own 2 homes.
That's great. I absolutely love Hawaii. How much do groceries & utilities etc. cost you a month?
We only have 2 credit cards, only use one and pay it off every month. We have no other loans and it feels great.
Who is we
Your are not a slave to debt@
@@TheIrcbully
Probably that person and their spouse
Quote me: "Open credit is an open coffin". (weather you currently pay it off each month, or not.) I worked in a bank. I've seen it too many times to count.
The late Pastor Lindsey Williams had warned more than ten years
ago that many people would be running out of cash, and become so
poor that they would be begging the government for help.
I'm sleeping in a tent😢
Many people can’t even afford a tent!😢
@@sally123244bivouacs
My 9 year old van one bedroom vice view occasional 🌅🚗
I've been homeless since the pandemic.
I'm living in an old Toyota Sienna minivan now, despite working and not addicted to drugs.
🚐
Following in Steve Wallis foot steps I see.
My brother of 61 years of age lives in a Coleman tent for the last 30 years. He says more families are living in national parks and under bridges. Illegal democrats from down south of the border are dangerous neighbors in the woods. Even homeless veterans are scared when the sun goes down.
Letting your 61 year old brother live in a tent. Bet you’re a Christian.
Such a disgrace.
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy choad guzzlers have robbed me out of 5% of juice, I want justice !
@@steglash4045 Yeah it really messes with your head.
@@kellychuang8373 I'm alright though, I'll get through this apocalypse in one piece, I'm going to Woodstock baby !!!!
I'm living 6 pack to 6 pack.
😂😂😂
I am living one drunk to the next.
😂😂
I live in a Toyota Sienna minivan and smoke weed. I work and pay bills. Housing is just unaffordable.
@@Network126what bills do you have besides phone gas and car repairs
Parents Should've Been Busy Telling Their Kids NO, Instead I'll Just Put It On The Card...😅😅😅
Guaranteed the money for Ukraine, Israel, Pentagon and everyone else but you will continue to flow. Meanwhile the rest of us are heading for the poor house. BTW Israel has free health care and education for its citizens courtesy of the soon to be destitute American taxpayer
Don't forget they say social security will be insolvent in 8 years too! but they have plenty of money for overseas & illegals as well! Disgraceful!
Nation and its people are broke
Fillet of fish sandwich was 6.00 in VA. Insane!
Don't buy it.
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
It'd a bargain
I have a lot of cc debit and i really dont give a fuck because we are finished!!!!!
Dude, you are finished with that attitude.
That's the spirit my son. And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
bank - we might be all screwed but u still owe me that, plus 28%...
You haven't seen the worst yet. Wait till Xmas 😢
food will be gifts
Debtors prisons coming soon
It won't be happening because the debts will be too worthless to even collect on. Almost all the debt is unpayable anyways. A lot of it will be written off, there is no choice.
So many are kissing their Credit Cards 'life lines' due to misfortune and job loss. Poor CC management will cause greater pain, to nothingness and down the road, **be kissing a 'potato' as survival**
*This administration has no ideal how we Americans are suffering. I feel sympathy for people with disability. A lot of families are financially struggling to survive, yet many are sleepwalking! I appreciate.. Laura Ferguson! Imagine investing $1000 and receiving $6,200 in 4days.*
I always wanted to trade for a long time but the volatility price has been confusing.
I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek
I'm surprised you also trade with Laura Ferguson, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Wow. You know Laura Ferguson too? I thought I'm the only one she has helped work through the fears and falls of the forest. Her training last week was amazing and the strategy she applied were mind blown
End times
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
Hope so tired of this world now in 2024
We better hope
I see broke people everywhere.
Build Back Broke 😅😅😅
Bankruptcy is natures do over ~ Creed Bratton
All good things must come to an end
all planned since 1871 albert pike 3 world wars
you mean: all good credit must come to an end...
FJB!!!
And you wonder why you are poor.
I’m so tried of the high price for things…just praying for the encomony to reset 🙏🏽🙏🏽
Isn't that the plan for CBDC'S? Crush us, then offer a reset with a hitch. Then they get the control they relish.
Look at how many new cars about but very few own them there all on finance same as there house and then bigger house to speculate on property on credit, no one has learned from the housing crash and mortgage failures 2008.
Don't focus on blood types don't focus on clean and unclean animals 5:36
I have 0 credit card debt. Why cause I never use them. Cash only no debt at all
If you have cash back up yes pay with cash you keep count of your backup money better,@
@@frankcorrea8691 yep 👍👍
No credit card, credit score no bueno.
@@Kragum24 credit card is nothing but too put you in more debt. Not Cash thou
I use a credit card for nearly all of my necessary spending. I pay it off every month and they give me 1.5% back.
My scores are in the 800s…what’s in your wallet?
Building Back Better. 🤦♂️
You misspelled Broke.
I've been homeless since the pandemic.
I'm living in an old Toyota Sienna minivan now, despite working and not addicted to drugs.
🚐
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
you can't run a country and a middle class society on debt forever.. I cannot imagine how bad the debt crisis will get before the people take to the streets...
Here's the thing. Debt hounds .. they'll destroy everything .. they borrow as much as possible from anything dumb enough to allow them to borrow ..then default and run away from the debt ..the powers of collection are weak . The problem is banks keep extending credit to em
I just broke my lease and moved back in w my parents. Job searching. $8 in my bank.. help
My spare £200 a week after out goings will be going on gold
In the 70s it reached 27%, prices are going to go higher; which will wipe out any fixed income or benefit; most of us will become homeless & yr children & grandchildren! That is there aim!
Let society collapse already
I've been homeless since the pandemic.
I'm living in an old Toyota Sienna minivan now, despite working and not addicted to drugs.
🚐
Is that Donald Trump? Looks 😳😳😳
That was so cool when he quoted that banker in German
END TIMES for the US Dollar as the world reserve currency, aka the Petro Dollar.
yeah sure. How much of your portfolio is in Chinese Yuan or Russian rubles? LOL
@@MrSteeDoo Guys like you will wake up when it's too late.
If make a late payment on credit cards now they charge 40%
Minimum monthly payment, still relatively cheap and many dont know how to manage credit card debt correctly, so they think it a good deal.
So get rid of your cards...
Living on credit card and buy first pay later increasing more debt 😂😅
I was BK-13 victim! Got through and have lived same frugal lifestyle ever since! Became beneficial in long run. Win-win situation!
I can't say things ever really recovered since 2008. COVID just removed all guard rails within society.
Doctor Doom! He's our man! If he can't scare us, no one can! 😅
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
This man sounds like the grim sleeper!! 😂
Grim reaper
I’m currently doing ok. However, I’m working like 60-70 hours a week. Recently married, & scared to bring a child into this world . Knowing I wouldn’t have much of a part to play raising a kid besides living at work. Just a regular 40 hours, I’d be racking up credit card debt. Ngl, living abroad is an option for us if things don’t get better .
I have 3 kids. I have always wanted to be a mother. People always think there is never time or money to have kids, but you make it work once you have them. They really don't need all the fancy new things. Home cooked meals & gardening save money. They need you to be a good role model and be there for them.
Bidenruptcy
It's the money changers from the Synagogue of Satan. They LOVE usury. The LOVE the Gold & Silver in parts of their last name. Look at the CEO's. Look at the closing credits (doh!) of movies & television. Blackrock. Vanguard. Pfizer. Ect. Slo Mo' Joe is an empty suit for the public consumption.
MAGAs always looking for someone to blame for their own foolish spending.
Yeppers, Agree 💯💯👍
ALOHA FROM BIG ISLAND HAWAII !!!!
Can america have other valid choice than democrat or republican ?
At the end of the month, we toss what's left from the SSDI check into savings, it adds up!
If you aren't old you won't remember this. Back in the 1970s under Jimmy Carter inflation was worse than today. I had a CD which paid 14 percent. Food was expensive. A man named Ralph Nader was a consumer advocate. He succeeded in getting corporations to print on their products "this item contains (oz.or %) less product than previously." I don't know if he did it by force of law or just shaming companies to admit that they were ripping offf the consumer. This didn't last long. I remember buying a large bag of M&M s which stated on the package that it had less in it than previouly. We need this today. Not that any companies would have shame!
Today is way worse, in the 70s...the US dollar still had value. No comparison
I remember! Even in the 60's food was expensive! My mother would send each of us 10 kids separately to the store to get eggs, butter when they were on sale 2 per family! Meals were home cooked, eating out was for a special occasion if at all, and yes Ralph Nader and Consumer Reports kept people informed about corporate dirty deeds! Today people buy all manner of crap because it's cheap no matter what cost to themselves or the environment, processed, poisonous food products everywhere along with obesity, massive levels of debt and on and on! This is just the beginning!
bring it on ! i m preparing for it !
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
You want too big to fail
Here it is
We are DOOMED🥵
And shrinkflation, the juice that I buy Is usually 1L ...for the same price the carton got smaller, it's now 955ml, so the scavvy pescules have robbed me out of 5% of juice, I want justice !
When I go out to eat at Restaurants its quick service no other people are hardly in there 😮...
Hard times is here
Very intresting times ahead.
I quit paying taxes since 2017.
Saving money by the 1,000’s!
My neighbor tried that but the IRS threatened her. So she paid.
This might be my last year. No reason to dish out money I need to survive to gov that has no clue what it's doing. I'm paying 25 grand to tax and insurances. Shit that doesn't help me in the least.
@dougvuillemot8670 IRS - please pay your taxes for your own safety...
Goodbye 2019 goodbye 2020 goodbye 👋🏾 2021 goodbye 2022 goodbye 2023 👋🏾
I have a 30 years fixed mtg loan at 2.7% and have cash in the account to cover that loan! The cash is collecting 5 % interest, practically covers the mtg for me! I am keeping the cash as long as it is collecting interest for me!
Smart. Very smart!
Well, when the bank reset comes, they will confiscate all funds in the bank. Not the best plan.
I’m doing the same thing…smart of you…well done my friend.
Good move 😎😎
Where can you find an account that pays 5% interest?
Really ? ... Fed reported USA are rich n world top richest !!!!
Why like that ???
Just enjoy as much as you can
Cut down all spending or work 2 jobs.
Just enjoy life 🧬 cause soon 🔜 Africa 🌍 will be the only one standing
At 9:25, the bankruptcy debtor was complaining that if he worked more than 40 hours per week, he actually had to put that money toward his debts? Good grief man, just pay your debts! Be happy you can make right on them a bit by working a little harder. Sounds like this guy was really upset with having to pay off his debts!
Free trade 👎👎👎👎
$20.00 per hr in California
$1.00 per hr in China 🇨🇳 OMG
375 million make that called migrant workers and no retirement
Are you employed?
THE GREAT EMPIRE IS ON LIFE SUPPORT....
We are 5/7th threw the 2008/09 mess. Things will be as bad or worse the Oct 1929 threw the 1930's. Get ready things are going to get ready a very bumpy ride.
The cause is too high interest rate
Hardship get ready
If all this doom really happens, there is a heck of an investment opportunity coming. Great!
Your student loans are your student loans not mine.
Bring Back Better
Only 37 trillon USD debt ... Too little ?
Mean USA can metely write off n did not repay ... ????
I’d say stop paying your credit cards let all the credit card companies erupt besides your credit score is already ruined there ain’t no coming back from that once they go bankrupt you don’t have to pay anything at all and that’s what you call debt forgiveness 😂😂😂
Bring it on I love it, headless zombies coming to town " i never seen it coming" haha
I feel elite are playing a chess game.
Don't play their game.