Time to FLIP the SWITCH

May 05, 2020, 01:45 PM

Canted Valve

quote:
Dumping money into the economy should prime the pump when we get back to the loud pedal.

I hope so. But the debt burden of the individual (thanks to prolonged low interest rates), permanent job loss and vast number of citizens living paycheck to paycheck could set off a domino effect of debt default. Renter to landlord, landlord to bank, etc. Then the fed has to come in and buy up more default debt from the banks. I'm no economist but I do know it's an evil web "they" weave and at some point they will lose the ability to manipulate the system.

May 05, 2020, 01:49 PM

Bucky

quote:
Originally posted by Canted Valve:
quote:
Dumping money into the economy should prime the pump when we get back to the loud pedal.

I hope so. But the debt burden of the individual (thanks to prolonged low interest rates), permanent job loss and vast number of citizens living paycheck to paycheck could set off a domino effect of debt default. Renter to landlord, landlord to bank, etc. Then the fed has to come in and buy up more default debt from the banks. I'm no economist but I do know it's an evil web "they" weave and at some point they will lose the ability to manipulate the system.

Yep. And by the time they see the sign, it is well past any saving.