For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, we would be living an economic horror show right now. Piling up the largest mountain of debt in the history of the world has enabled us to live way, way, way beyond our means. On a personal level, if you borrowed and spent millions of dollars that you did not have, you would also be able to live a lifestyle that you do not deserve. Debt is extremely seductive, because it is a way to make the present a lot more pleasant. But there is always a price to be paid in the end.
Here in 2025, government spending is being slashed in many areas, the Federal Reserve is choosing not to step in even though turmoil has erupted on Wall Street, consumer confidence is falling dramatically, home sales are collapsing, mass layoffs are happening all over the nation, and now a global trade war has begun.
Pay no attention to these economist, they are getting paid to guest the future and speak about it, just as jim creamer has become a millionaire making predictions about investments and the stock market, right or wrong, he still gets paid. It’s a scam. Unless you get insider trading information is all guess work.