• Manmoth@lemmy.ml
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    7 days ago

    The US economy has been running on funny money for decades at this point. It’s like a game of musical chairs for who’s going to get stuck with the fallout from a debt-laden service economy driven by speculation and increasingly nefarious financial instruments.

    • Jhex@lemmy.world
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      6 days ago

      I read this somewhere but I am paraphrasing:

      “The US economy has been an increasingly shaky house of cards for a long time… and now Trump came in and order all windows opened in the middle of a hurricane”

      The giant cracks are starting to open (latest job reports is worst than the one caused by COVID)… I’m guessing by the Fall things will be obvious although they’ll keep denying everything… but there is no way Mango Mussolini gets to 4 years pretending things are better than ever

      • Manmoth@lemmy.ml
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        6 days ago

        There is no way out of the situation we’re in without immense sacrifice by the average person. It doesn’t matter who is president. We have to pay the boomers credit card bill. The gambit of selling paper dollars for real world goods started in the 70s and is at the end stages now. We are left with a gutted US economy that produces no material goods. It’s going to get worse before it gets any better.