The Coming Greater Depression of the 2020s

[bdcochran]

I don't disagree necessarily with the potential cited by aerymsum.

1. our economy relies upon morons (called consumer spending). If what I write offends anyone, it could be just too bad. I give an example with cars and the people buying new cars in my neighborhood.
a. do you think that you can take your Tesla automobile to any repair shop and have the codes read by anyone who has a code reader? The answer that you have to go to an authorized Tesla dealer because the codes are not available to the general public.
b. my neighborhood is festooned with new Jaguars and Land Rovers. If any one ever followed the reliability of those two cars, who owns the companies today, they never buy one. The required disclosure is that I once had a restored Jag. It was fine until some person crashed into me, the car was being fixed for 5 months and I had a free car rental and I donated the car to the Boy Scouts when it was finally repaired, so I didn't lose anything.
c. the federal reserve system sets the length of time that banks can finance cars. This is despite what people think. At one time, the maximum term was 4 years. Now, it is seven years. Easy credit will help deferred show-off car purchases.
2. housing was all screwed up in the Great Recession. Today, my local jurisdictions are forbidding evictions and providing for deferred payment of past due rents. The feds have already put the pressure on the nationally insured banks (which is basically all banks except one in Los Vegas). The feds are counting on inflation to make owed obligations cheaper (meaning if you gave credit you are going receive a dollar in repayment with less value than when you loaned it).
3. I grew up in an economy wherein not everyone on the block had a television, families didn't have two cars, people went camping and didn't spend thousands for a week at Disneyworld. Sure, if we go back to those days, watch out. When my next door neighbor with 4 cars gets rid of two, I will be concerned. I will be concerned when all the princes and princesses on my block give up their cell phones and walk to the high school which is about a mile away.

[aerynsun]

I firmly believe that we will neither go into a depression or a recession. I believe the economy will rebound better than it did previously.

I also believe, probably in Trump's second term that he will move us back to the gold standard and finish demolishing the Federal Reserve Bank.

Again - Trump is a very smart, but limited entity. He is not Superman.

The Fed could give a flip what he does. And if he is smart, he will stay out of their way. Business is business.

If Trump wins it will be a miracle.

The riots will continue due to:
delay in trial
make up of jury
trial happenings
verdict not acceptable.
Even if they all plead guilty the sentence will not be enough.

By November the true state of the economy will be know ... not good; most likely.

Trade deal with China falls appart - the Chinese were always dragging their feet in hopes Trump leaves office either by the congress or election.

[David]

If Trump wins it will be a miracle.

Trump will win reelection in a landslide. By a bigger margin than against HRC. The left knows this which is why they're throwing everything at him. But it won't matter.

[Bob]

Yeah - Trump is gonna win.

As much "radical" left as you hear, I think they totally killed any chance at the middle ~12% they had.

[Bmyers]

Stocks took a big hit yesterday.

[tom mac]

they will rebound

[David]

Yeah - Trump is gonna win.

As much "radical" left as you hear, I think they totally killed any chance at the middle ~12% they had.

Looks like Trump has 40+% of the the black vote right now. I anticipate that going up substantially by the time of the election. Blexit has been a very real happening and it's just another nail in the left's coffin.

Looks like Trump will be starting up rallies again as early as next week. I feel pretty confident you're going to see record audiences and standing room only outside from the git-go.

So basically impeachment didn't work, the 'planDEMic' didn't work, riots aren't working (their just pissing off real Americans and outing the leftist leaders for who and what they are), and they forgot about the murder hornets. That just means we have to get through alien invasions, super volcano and covid zombies before November.