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"no matter how much people are borrowing, their standard of living is in decline."

By HEY YOU follow HEY YOU   2017 Nov 19, 8:53pm 4,188 views   6 comments   watch   nsfw   quote   share      


#economics Everything is MAGA! WINNING!

"Not only are savings not down because people are too confident to save, they are down because people simply don’t have anything left to save. The American consumer is sliding ever deeper into debt."

And Republicans are trying to raise taxes.

https://www.theautomaticearth.com/2017/11/america-is-in-terminal-decline/







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1   Strategist   ignore (2)   2017 Nov 19, 8:58pm     ↓ dislike (0)   quote   flag        

HEY YOU says
"Not only are savings not down because people are too confident to save, they are down because people simply don’t have anything left to save.


Isn't that what happens when you spend everything?
2   NuttBoxer   ignore (3)   2017 Nov 20, 11:19am     ↓ dislike (0)   quote   flag        

Extravagant opulence, coupled with unprecedented debt is a sure sign of an economy topping. When Silicon Valley pukes are dining on 24k gold food, and everyone is buying $600k houses, to go with their 4k ultra TV's, and Tesla roadsters, you know the end is near.
3   Ceffer   ignore (6)   2017 Nov 20, 12:54pm     ↓ dislike (0)   quote   flag        

It's not Trump's fault that people don't know creative borrowing and defaulting.

If they did a little money laundering on the side, they would do great.
4   HEY YOU   ignore (9)   2017 Nov 20, 1:00pm     ↓ dislike (0)   quote   flag        

Overpayers have to overpay with money they don't have.

http://www.oftwominds.com/blognov17/lower-costs11-17.html
5   anonymous   ignore (null)   2017 Nov 20, 1:30pm     ↓ dislike (0)   quote   flag        

had no idea Patrick.net still existed. good to know. it's been a long time

Ilargi
6   Strategist   ignore (2)   2017 Nov 20, 8:20pm     ↓ dislike (0)   quote   flag        

Sniper says
Strategist says
HEY YOU says
"Not only are savings not down because people are too confident to save, they are down because people simply don’t have anything left to save.


Isn't that what happens when you spend everything?


Hey, only 80% of the population lives paycheck to paycheck. Nothing to worry about!


And who's fault is that? The top 1%. They screwed us....they made us buy those shoes.... fancy dinners.....those vacations...those cars....furniture...etc etc. They are so evil. Lets take all their money and live happily ever after.

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