Hitch
17th May 2018, 09:24 PM
I think we are on the verge of a massive economic collapse that could be a life changing event.
I'd like to remind folks on this forum to prepare, and continue to prepare, for this. Let's do some math..
Credit bubble: Credit cards. Now a 1 Trillion dollar debt bubble. All unsecured debt as well. 80% of Americans in the US live paycheck to paycheck. They lose their jobs, this bubble bursts pretty much instantly.
Auto Debt Bubble: Another 1 trillion in debt bubble. Think about this. 84% of cars on the road you see, are financed. They are not owned, but financed, in debt. That at a rate of $500 a month for 7 years. 84% of the cars you see are debt! Think about that.
Student debt bubble. I've read this is another 1 trillion dollar bubble. New jobs just can't keep up with the demand from new college graduates.
Please feel free to add any other bubbles you could see bursting in the near future...and your thoughts on preparing. Be well, folks.
I'd like to remind folks on this forum to prepare, and continue to prepare, for this. Let's do some math..
Credit bubble: Credit cards. Now a 1 Trillion dollar debt bubble. All unsecured debt as well. 80% of Americans in the US live paycheck to paycheck. They lose their jobs, this bubble bursts pretty much instantly.
Auto Debt Bubble: Another 1 trillion in debt bubble. Think about this. 84% of cars on the road you see, are financed. They are not owned, but financed, in debt. That at a rate of $500 a month for 7 years. 84% of the cars you see are debt! Think about that.
Student debt bubble. I've read this is another 1 trillion dollar bubble. New jobs just can't keep up with the demand from new college graduates.
Please feel free to add any other bubbles you could see bursting in the near future...and your thoughts on preparing. Be well, folks.