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42 sats \ 3 replies \ @justin_shocknet 12 Aug \ on: Credit Card and Auto Loan Delinquencies Surge in the Second Quarter econ
Inevitable part of the cycle, only question is how much deflation can they tolerate before they fire up the printers again, and how is it that distributed.
the closer we get to elections the higher the probability. at least that has been my thought process. as always it's just a wait and see game.
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Biden or Kamala will promise to forgive all credit card debt then blame the greedy banks
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That would be too smart of a move and they're cast as the clowns, Trump would have to say it first for them to copy.
My guess is whoever ends up on the ballot for the DNC will just deny there's a financial crisis while the deep state margin calls whomever they don't like and consolidates power. The elections are so patently fake at this point I can't imagine them bending over backwards for votes.
I do think debt forgiveness is inevitable, less they start shoving us in pods now, because they could ultimately do that anyway by calling in loans. For that reason I think republicans will be the ones to do it, after some new "black swan" makes it palatable ofc... some hybrid of UBI and Debt forgiveness string-attached stimmies
My money is still on a constitutional convention at some point
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