libertybele...
..hmmm.....if our economy tanks -- so goes the rest of the global markets.
So ... I think it is a possibility that Trump will inherit a depression
First off, I believe we went into a recession shortly after Biden took office, largely due to his idiot policies. And I do not believe we emerged from that recession. We have been living with a form of irrational exuberance since the recession started, with the media denying the recession the whole time.
We took interest rates down to ZERO with Obama because he was just that bad for the economy. Obama did more damage than people in the USA will ever comprehend. LITERALLY!!! And yet, half of America would have that dummy back in a nanosecond.
When Obama got elected in November, 2008, I was on a consulting project at a steel plant in Delaware. We had six consultants on the project. By the end of the month of November, after Obama was elected, that client lost 90% of their business. The project shut down, and his election killed the boutique consulting industry. And it has not been revived. His impact on commerce in the USA took us to ZERO INTEREST RATES.
And how many folks out there have been saying the sky is falling? Too many. How many have been saying to prepare for a period in the USA where 90% of our population will be dead in one year? Too many.
I have meet preppers that have made a fortress of their home. Stocked with food goods to last ten years, ammo supply of 20,000 rounds, and complaining they do not have enough. Plastic containers that hold 300 gallons, has 8 of them, and cry that is not enough. When one of them asked me what I have done, I said, 'next to nothing'. If the sh*t hits the fan, I'm coming to live with you.' He gave me a strange look. I said to him, you think you will guard this hoard and keep it, just you and your wife? Really? I give you 1-2 months before your both dead, and your hoard of supplies taken from you. That conversation disturbed him so much, he formed a neighbor alliance so that if the sh*t does hit the fan, they all work together to survive.
I see our market crashing by 50+%. And I easily see that happening with Harris as POTUS.
Our failure to address spending by our government ultimately one day will force us to do just that. Government employees should be cut by 60%, and can be done without firing a single person. Establish a hiring freeze, end contractors, and have consultants go through and evaluate exactly how many people are needed in every branch of government. It can be done in phases, taking four years to complete, or one POTUS' term in office, and this would have huge impact to changing things in the USA for the good.
Japan has been on life support since the early 90s, and never really recovered from their collapse then. I think the transition of the USA to doing business with China had a lot to do with Japan's collapse, and no real revival.
Now, with our government spending, it is only a matter of when, not if for complete economic collapse. We have BRICS actively working against the US Dollar, and when it ends its run as the global reserve currency, life in the USA gets about four times more difficult, four times more expensive to live. No joke.
These clowns in Washington are destroying this nation, and that includes Trump, who also spent taxpayer money like a drunken sailor.
