The U.S. economy is heading for a disaster! Out of control deficit spending typically indicates a recession.
#useconomy #usrecession #housingmarket
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The United States economy is currently in a dire situation, with experts warning that it is heading towards bankruptcy if drastic measures are not taken soon.
The COVID-19 pandemic has had a devastating impact on the U.S. economy, with millions of businesses forced to close their doors, and millions of workers losing their jobs. The government has tried to provide relief through stimulus packages and relief programs, but the sheer magnitude of the economic downturn has overwhelmed these efforts.
The national debt has skyrocketed to over $28 trillion, which is roughly 128% of the country’s GDP. This level of debt is unsustainable, and if left unchecked, could lead to economic collapse. The Federal Reserve’s decision to keep interest rates low has only added to the problem, as it has made borrowing cheap and easy, leading to a further increase in debt.
In addition to the massive debt burden, the U.S. is facing other economic challenges, such as growing income inequality, rising healthcare costs, and an aging population. These factors will continue to put pressure on the economy and make it even more difficult to recover from the current crisis.
Many experts are now warning that the U.S. economy is on the brink of bankruptcy if immediate action is not taken. The government must take steps to reduce the national debt, increase revenue through tax reform, and invest in infrastructure and education to stimulate economic growth.
If these steps are not taken, the U.S. could face a financial crisis that would have far-reaching consequences for the global economy. It is crucial that policymakers come together to address these issues and take the necessary steps to prevent the economy from spiraling towards bankruptcy. Failure to act now could have devastating consequences for millions of Americans and the global economy as a whole.
There is no housing price crash coming. Anyone who claims otherwise is full of shit.
GM sold 594,233 vehicles in the first quarter of 2024.
America should have paid Black Americans their 400 years reparations. Their curse will not end. Congratulations America – you got GODs attention
Biden keeps printing money like is water
Every nation on the planet prints money like there’s no tomorrow. The USA has a debt of over $220 Trillion that can never be repaid. The US government along with every government in the world will default on their debt. It will be called the Great Default.
Why would anybody want to know answers of how to fix reality in financial and banking from the peoples sinking everything.
Ye, america is already in a recession. There is so much fake money swilling around the dollar cost average gucci halls of narco skid row…poor people in usa seem rich to the outside world who do not need the FED of all people to tell them when they have recession. Recession is when you have no money to eat. Clearly americans still have lots of money to eat and that is because of free stuff from China & Japan. It isn’t the citizens of japan that agree but it is the LDP & Kishida, that very obedient slave of the criminals in the swamp that just RECIEVED a standing ovation from cabal congress..a standing ovation that is only reserved for the likes of zelinski who offered the bodies of his own Ukrainians in exchange for a few counterfeit bought mansions…& Kishida like wise has offered morsels of monetary value that has been placed under the american economy as a cushion so the americans do not know when to start protecting themselves and where to hedge at this crucial point of time. It is a little too late to say, ‘ be good’.
10% of GDP is being used to pay interest.. And many principal will come due in next few years for US Gov't treasury. It will get worse soon or than later. Let's get up to 15% of GDP on paying interest and Gov't soon will have to cut on medicare/ SS and other programs. ArgenUSA coming soon
For any debt based economy bankruptcy is automatic.
"I can't believe we're on the eve of destruction"! Pucker your panties, boys! We're going down!