Tough times, very tough times are coming. Wheat, soybean, and corn futures are now up an average of greater than 30%. Which means the poor are going to be crushed with food costs. Building materials futures, copper and lumber, are way up. Copper is up 200%+ and lumber is up 25%+. Meaning the cost of building and refrigeration equipment is going to rise substantially.
Greece is borrowing money at cheaper interest rates than the US by better than 40 basis points. When Trump took office in 2016 the published deficit was $20 trillion. By 2025 the published debt is estimated to be $40 trillion. Can you even imagine what a trillion dollars is? It's a thousand billion dollars. The numbers are staggering. It's almost impossible to wrap one's head around them. And yet our government plans on spending like drunken sailers indefinitely. We are far beyond bankrupt but no one in government seems to care. When we hit the end of this the crash is going to be worse than anyone can imagine. Our dollar will worth less than 1/1000 of a penny. Most likely far less than that. In 1981 our debt was less than $1 trillion. So, in 44 years, from 1981 to 2025 out debt will have grown at a compound interest rate of 28% annually. That's extortion interest rates. Who would use a credit card with that type of interest rate? Our government and politicians do. Do you really trust anyone who would do that to you? Can you even comprehend how evil that is? Only billionaires could possibly survive that kind of financial crash. Any middle class individual cannot which means 99% of us will starve. We are being crushed out of existence. Literally. And it is being done intentionally.
www.zerohedge.com
Greece is borrowing money at cheaper interest rates than the US by better than 40 basis points. When Trump took office in 2016 the published deficit was $20 trillion. By 2025 the published debt is estimated to be $40 trillion. Can you even imagine what a trillion dollars is? It's a thousand billion dollars. The numbers are staggering. It's almost impossible to wrap one's head around them. And yet our government plans on spending like drunken sailers indefinitely. We are far beyond bankrupt but no one in government seems to care. When we hit the end of this the crash is going to be worse than anyone can imagine. Our dollar will worth less than 1/1000 of a penny. Most likely far less than that. In 1981 our debt was less than $1 trillion. So, in 44 years, from 1981 to 2025 out debt will have grown at a compound interest rate of 28% annually. That's extortion interest rates. Who would use a credit card with that type of interest rate? Our government and politicians do. Do you really trust anyone who would do that to you? Can you even comprehend how evil that is? Only billionaires could possibly survive that kind of financial crash. Any middle class individual cannot which means 99% of us will starve. We are being crushed out of existence. Literally. And it is being done intentionally.
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero