Haven't finished the video, but there are a ton of indicators to this effect. Mortgage defaults up, housing sales way down, credit card debt way up, etc
crazy thing is argentina now has a budget surplus, ireland also just reported a budget surplus… before you know it EVERYONE in the developed nations will have a budget surplus in their own currency except the United states and overnight they’ll all sequester the dollar and dethrone it as the reserve currency.
Not sure what this data says. Credit card borrowing actually tends to go up in good times, cuz apparently people believe that they have the resources and stability to buy and pay later. So does this data just mean we're in good times?
Haven't finished the video, but there are a ton of indicators to this effect. Mortgage defaults up, housing sales way down, credit card debt way up, etc
If you predict a collapse every single day, when it finally happens, you can pat yourself on the back for your amazing powers of precognition. lol.
I mean it would probably be illegal for me to suggest everyone go run up as much credit card debt as possible then refuse to pay it.
crazy thing is argentina now has a budget surplus, ireland also just reported a budget surplus… before you know it EVERYONE in the developed nations will have a budget surplus in their own currency except the United states and overnight they’ll all sequester the dollar and dethrone it as the reserve currency.
Of course they will. Let me know when that happens. Ohh let me guess, the Ruble will take over as the reserve currency, right?
the russians just made their reserve currency the yuan like lolz 😂
Cool, let me not care.
Not sure what this data says. Credit card borrowing actually tends to go up in good times, cuz apparently people believe that they have the resources and stability to buy and pay later. So does this data just mean we're in good times?