OK, we are near the edge of abyss again. Would we fall off the edge finally or somebody burn gazillions of dollars to buy another few months?
I think you have to be willfully blind not to see that we are in an economic depression. For example, if the Fed had not bought up such a huge percentage of our debt, we would be in economic turmoil.
The food stamp program is just one measure of people’s dire condition along with a myriad of other support and giveaways from medical handouts to housing handouts.
And through all this the massive federal spending masks the true GDP contraction that would result without it, and this with wartime spending on two fronts. Usually wars are inflationary. There is a reason we aren’t seeing a lot of inflation in the face of these 2 wars.
The economic depression is very real. You have to be blind not to see it, although most people frankly aren’t paying any attention.
“What time da game on guys?”
Let’s try the abyss for a change.
The Fed’s zero interest rate policy that allows the government to burn gazillions of dollars is killing savers. And it encourages people to hang onto their money even tighter, which appears to be exactly the opposite of what the economic wizards are trying to get us to do.