https://www.youtube.com/watch?v=hDQunoS96X4
negative growth rate is technically a recession but we never left the last recession of the Pandemic due to inflation from "debt deflation" of the FED.
Looks like the middle class has been wiped out pretty much. 3 people in
the U.S. have as much wealth as 170,000,000 people in the U.S.
Eisenhower had a 91% marginal tax rate on the rich so I guess Eisenhower
was a Commie? hahahaha
Credit card debt saw the largest increase among all categories, jumping by $45 billion to reach $1.21 trillion. Auto loans, which now stand at $1.66 trillion, are showing troubling signs with elevated delinquency rates across all credit scores and income brackets.
The 2009 Nilson Report states for all who carry credit cards, the average balance is a whopping $9,700. .
So we're not quite at the Great Crash levels of debt yet... but getting close.
In other words: a credit crunch is coming.
...
The situation is most pronounced in the US, where there are concerns
over cracks emerging in the $5.6tn (£4.6tn) commercial property market.
Meanwhile science is being directly attacked:
A French scientist was denied entry to the US when his phone was searched and messages critical of Trump were found.
The researcher was reportedly then accused of writings “that reflect hatred toward Trump and can be described as terrorism”.
hate speech is protected under the 1st Amendment - unless there's direct threats of violence...
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