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America, Here Comes the Great Depression 2.0
Townhall.com ^ | April 24, 2021 | Joseph Semrevivo

Posted on 04/24/2021 5:26:26 AM PDT by Kaslin

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To: TalBlack

The economy is booming in my area of Florida due to construction and real estate. I don’t see that changing for a couple years. Too much money floating around. Could and probably will get economically bumpy around 2024.


21 posted on 04/24/2021 5:52:34 AM PDT by lodi90
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To: Salman

Yep. All by design of the one world government demons.


22 posted on 04/24/2021 5:53:38 AM PDT by Old Yeller (Whatever doesn’t kill you will make you stronger. Except bears. Bears will definitely kill you.)
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To: USS Alaska

Rising interest rates will cause an overwhelming debt payment on the national debt.
https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
Bad things happen when you have to borrow to make payments on debt. That’s why inflation is so useful.


23 posted on 04/24/2021 5:55:18 AM PDT by griswold3
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To: Kaslin

I am a pragmatist and I see no good for us in this administration, none. That said though, we have had enough gloom and doom to last at least a couple of lifetimes.

Our state is a state of mind as much as anything and our state of mind stinks.


24 posted on 04/24/2021 5:58:18 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: Kaslin

Covid was generated by democrats, it is they that have caused all of this and ruined people’s lives along with the country. Joe Biden. Fake president and the whole world knows it.

We have let them do this. We sit back, whine and watch it.


25 posted on 04/24/2021 5:59:07 AM PDT by dforest (huh?)
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To: Travis McGee

No. There will be state secession and perhaps a war. But very ORGANIZED. More deadly than the chaos you preach.


26 posted on 04/24/2021 6:00:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Travis McGee

“A potable water plan too, in case “city water” goes down.”

Which it will. Learn about seep wells. They’ll do in a pinch if you know how to properly disinfect water.

“Transformers are easy targets.”

So are electrical substations. A well planned and coordinated attack on one happened in California, IIRC. Then there are the splice points for fiber optic lines. Drop a highway flare into one of those and watch the fun begin.

I could have made my list a lot longer, of course. But smarter people than me have already done it. A precious few have been listening and quietly preparing. I pray daily that we never need to use what we’ve put together.

But I’m afraid that whole lot of people are going to die because they wouldn’t believe their own eyes, Matt. The Left isn’t making any big secret of their goals. Hell, they’re screaming it into our faces.

We have chosen to take them at their word. More people should do the same.

L


27 posted on 04/24/2021 6:01:02 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is. , )
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To: Travis McGee

Every time I buy a Chinese made good I feel like traitor. I hate globalism.


28 posted on 04/24/2021 6:01:57 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Kaslin

*** the COVID-19 pandemic has left the U.S. economy in shambles.***

I am SO sick of this nonsense. Anyone with half a brain knows that it wasn’t COVID-19 that destroyed businesses and millions of jobs—it was the over-the-top nonsensical restrictions and shutdowns imposed by the (mostly) Democrat Mayors and Governors.


29 posted on 04/24/2021 6:02:47 AM PDT by systemjim (Lifetime Lover of Music)
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To: Kaslin

“Mortgage rates are climbing above 3 percent, while gas prices are skyrocketing—increasing more than 50 cents per gallon, with no end in sight. There is a global shortage of computer chips, generators, and houses. America’s housing market is nearly 4 million homes short of buyer demand, undermining the career prospects of Millennials and other generations.”

This guy is totally clueless. Mortgage rates climbing above 3% is somehow a disaster? I bought a home in 1968 and took out a 20 yr mtg at 6% and I was an employee of the bank.

Rates are rising because demands for Homes (and mortgages) is way outstripping supply. The rule of supply/demand at work here.

Gasoline is selling for $2.59 here in SC. Adjusted for inflation from 1960 when Gasoline was selling for about $.30 per gallon gasoline would cost $2.71

Shortages caused by the lock down will end and we are already seeing this. As far as this guys call for a recession? We are always either going forward towards one or coming out of one.

It’s called the business cycle.


30 posted on 04/24/2021 6:03:11 AM PDT by billyboy15 (')
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To: TalBlack

I read or heard somewhere that some type of company is buying up homes all over the country then not selling them. They’re holding on to them for some reason, thereby driving up demand. Has anyone else heard about this?


31 posted on 04/24/2021 6:07:08 AM PDT by ducttape45 ("Righteousness exalteth a nation; but sin is a reproach to any people." Proverbs 14:34)
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To: Kaslin

Lol. There’s millions of jobs available. But until the unemployment monies run out at the federal level, people won’t go after the jobs. Of course, they could try to offer a little more then the unemployment check to get people back to work. But no. McDonald’s is offering 50 dollars to apply. Lol. And 3 percent for a mortgage is practically free money for a house. The GDP will be historic this year.


32 posted on 04/24/2021 6:11:46 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 )
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To: TalBlack

Biden hasn’t even had a budget yet. We are still with trump budget until January.


33 posted on 04/24/2021 6:12:56 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 )
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To: Travis McGee

The urban areas and surrounding suburbs will be a very bad place to be. Remember rule 6160!


34 posted on 04/24/2021 6:16:00 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screeen name for my FR home page.)
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To: lodi90

You can say that again. Across the street they are building 5500 homes. On the other side the villages are building thousands of homes. Resturants are being built. Four in the last three months. It’s crazy!!!!! Lake county in Florida.


35 posted on 04/24/2021 6:19:38 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 )
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To: napscoordinator

I’m thinking about taking a part time job in retirement. I can pass any drug test, and I can show up on time for every shift, but I won’t wear a mask. Until that stupidity is over, I guess I’m out of luck.


36 posted on 04/24/2021 6:31:33 AM PDT by HartleyMBaldwin
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To: Kaslin

bfl


37 posted on 04/24/2021 6:33:10 AM PDT by Cooter (The media opts for narrative over news)
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To: Kaslin

‘America, Here Comes the Great Depression 2.0”

America, Here Comes Civil War 2.0

There, fixed it


38 posted on 04/24/2021 7:04:04 AM PDT by antidemoncrat (som)
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To: sockmonkey

my husband runs a lumberyard near downtown Houston..it is crazy the shortages and pricing increases


39 posted on 04/24/2021 7:11:44 AM PDT by magna carta (TX all you have to do is send an email to principal with a witness included on the communication.)
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To: TalBlack

People in the types of businesses that didn’t shut down are moving out of the riotous cities?

The population of FL is exploding right now as people move there from up North.

I’m in rural Missouri and people are snatching up land left and right out here and building. Most of them are from St Louis and come here for the weekends. It used to be the occasional weekend but now it’s every weekend because St Louis has a mask mandate which makes it a miserable place to live. I suspect a lot of them are building these places as their retreat in case the shtf.

I imagine a whole lot of apartment dwellers from cities are buying/building their first home in the suburbs due to the riots and lockdowns.


40 posted on 04/24/2021 7:15:11 AM PDT by Pollard
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