The latest labor market figures from the US showed a non-linear rise in the unemployment rate for the first time, from 4.1% to 4.3%. Of course, the official figures conceal the true state of the labor market, which is much more fragile and offers far fewer full-time jobs than it appears. Massive government spending, financed by gigantic debt programs, also conceals the reality in this segment of the economy.
The only question is whether the government will manage to maintain this camouflage until the election date in November, or whether the economic disaster will strike before then. But good Kamala has her economic wonder weapons (communism, of course) already prepared and will counterattack inflation with gigantic gov spending and price controls (s.o. here remembers the edicts of Diocletian??).
Whichever is in office afterwards, it will be an economic shambles without equal. America is facing gigantic debt problems and needs a reformer to lead the country back to a pure market economy with a private sector formation of capital to counteract the initiated gigantic misallocation of resources of the past decades.
The woke-green colored socialist experiment has failed and soon people are once again being asked to take their lives into their own hands and no longer rely on the eternal support of the state and its welfare bureaucracy, which is collapsing before our eyes due to exploding payment obligations. The family as a sphere of proteccion, the best and only immune system we have, will lead us out of the commie hell (again).
The era of money printing orgies is coming to an end and with it the Green New Deal, this mentally fragile foundation of current policy, which must also be seen against the background that the state wants nothing more than to create artificial nominal gross domestic product in order to keep the escalating national debt under control. This experiment can also be considered a failure, as the gigantic misallocations on the capital market are now coming to light. ESG has failed and the commies will naturally ask themselves how this could have happened, even though they had all their wits about them and developed the best plans to lock the masses into this narrative and plunder them.
But these vandals won't leave the stage without a big fireworks display, so everyone needs to be mentally and financially prepared for it to get very dark before the sun can rise again.
this territory is moderated
Somewhat to watch heading into Nov.
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This week You'll see the biggest correction (down) of labot market data
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only 3 months to gaslight the public and tell them times are better than ever and that they are delusional to think things are harder than before. easy.
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47 sats \ 1 reply \ @Golu 19 Aug
Some of my Chinese friends say that US economy has huge impact on China! Is it correct?
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They are interconnected. Any trade war hits them both
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They can definitely conceal everything until the election. It is absolutely required if the current admin wants to get reelected. Money printing and after the fact statistical revisions is what we are about to see.
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My tinfoil hat theory is they want Trump to win so they can blame him when the results of their terrible policies come crashing down. Then the next guy can swoop in with full on communism as the solution.
Swapping Biden out for Harris somewhat makes me question my theory though.
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It's possible. But the moron the system installs as democratic candidate doesn't really matter.
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It is something that was coming, the US government has taken many erroneous economic measures, including selling part of what they had reserved in Bitcoin, the political scenario in the United States does not look good anywhere.
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I take it you don’t buy into the AI-fueled boost to productivity and GDP?
Damn, the msm is more impactful on me than I thought!
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At least it won't push growth to a level to save fiatlandia over the next decade without insupportable social volatility
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.