$1.5 Trillion in Debt About to Enter Delinquency – The Financial Crisis No One Expected!

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We are already in recession for a while

joechan
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19:25 As a previous liquor store owner told me, people spend money on liquor in good times to celebrate AND IN BAD TIMES TO HIDE FROM THE PAIN. He has seen how America is in decline and he left the country years ago. As for me, I'm stocking up on liquor for the depression ahead!

haroldandersen
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Very shocking indeed. S&P keeps on climbing higher.

davidang
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we have been in a recession since the beginning of the year its taking the markets longer to realize it due to all the bull shit the FED and the government is doing.
Would the rate cut increase inflation?

MinotauroTrading
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Selling my house this week (Massachusetts). Everyone thinks I am crazy, but I am convinced we have seen the top of housing and rate cuts will encourage more people to sell and that will lower the market + impending recession after the election q1 of 2025. Am I crazy?

Nato
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The competent knowledgeable forecaster Gerald Celente - TrendsJournal noted on Redacted how a commercial building bought for over 300mil just was just sold for 8mil - the FACT is commercial buildings don't have customers to fill them because people can work remote! And the building cannot go residential! Big time loss!

Frankaa-ygwc
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Ponzi pyramid and the bottom layers are falling away

jefflewis
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People will default on student loans before they go homeless or without food

fringelord
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The debt bubble is a time bomb, and it's ticking faster....

scottc.
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Sounds like that's not my fucking problem.
Let Babylon fall!

s.e.n
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I am already on the delinquent stage. The next stage is Chapter 7. Adios!

Herodotus__
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Don’t worry - they’ll revise these numbers too.

The stock market won’t crash until they get the green light.

Until then, those plates keep spinning!

spacechalklate
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Just call in the Venezuelans to collect rents to pay on loans🤓

Frankaa-ygwc
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When people are just numbers to these banksters and politicians, I don't think anyone care. banking loses are always socialized and profits are always privatized.

DaitsUfoma
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the US alone is 35 trillion in debt, at this point I can only imagine what's next... define debt in 2024.

korg
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That's the problem....we rely on loans....which mean we really can't afford the things we are purchasing. Society has been turned upside down to believe that a loan based society is a good thing.

ZambianZebras
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Holly crap, I thought yesterday was bad, or may be the day before that or last week but no its NOW.

weasel
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It is so refreshing to know there are still smart people on this planet. Thank you, Steve.

lindaloveu
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The Fed will bail out banks and print money if times get hard. The political situation is completely different from the past. The Fed has expanded powers and can seemingly create new powers at will to keep asset prices inflated.

plebeian_egalitarian
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The price of gold is a leading indicator of what’s coming.when the price sinks, within a few days it’s back up

GreggMenard-bv