Still is, just a question of timing.
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Tons of people are out of work. But, it's true, it's not as bad as the Great Depression.
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Why is the US the only country with it's GDP rising? Every other country is in freefall... That along with the credit card debt and personal debt free falling... i honestly don't know what to make of what is *actually* happening...
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Global trade has been slowing past 2 years. Less $ exiting us through trade causing a $ shortage especially in countries w large dollar denominated debts. Triffins paradox in action. Countries are being swallowed up by $ debt as their currency depreciates and productivity slows.
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Nah, I was watching
@ScottAdamsSays and he was predicting a V shaped recovery.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Isn’t it?
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I know 2020 was already weird but now even
@michaelmalice is backing a fiat currency systemThanks. Twitter will use this to make your timeline better. UndoUndo
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The Fed's actions take more than two months to ruin markets. They can appear to fix things in the near term but inevitably worsen the actual unraveling of the economic destruction they have caused over the past century.
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