I am surprised. If optimists like you begin to despair, we must prepare for big shocks.
I am not going to bore you and this forum with numbers and graphs, but they tell the story of the total collapse of reason and fiscal responsibility. As it turns out, Trump is worse than Obongo as a swamp feeding spender who still wasn't told that how vetos work. When I read about "consumer confidence" being all the way high, I wonder why they didn't ask those consumers how much they owe.
When the US Government cannot pay its current bills - in peacetime, with almost full employment and that alleged prosperity - and has to borrow from its enemies to exist, there is something very scary and very rotten in Denmark. The Fed knows it and, to fund this sick system, it pumps cheap money into the economy by "buying" like 80 billion dollars worth of T-sh*it every single month lately.
There is a one-for-one correlation and causation between this money flood and the stock market. The US prosperity, if you count all the debt - private, corporate and governmental - is a balloon filled with a funny gas. But, to many here, it's a testimony to how great Trump is, not that he is merely doing what the thieves in the DC have been doing since they discovered that fake prosperity buys votes and that the fiscal responsibility does not.
If you divide those 23 trillions of the national debt by 230 million grownups, you will get 100,000 bucks owed by every American. That debt will have to be paid one way or the other. But as long as we can kick that bucket down the road, all is fine. Until it is not.
The average net asset value at retirement - excluding the house - as about 30 thousand. Now, subtruct that 100 grand from the 30 and this is how "prosperous" America is today.
BTW, a survey found that 40% of Americans could not come up with 1000 dollars in the event of an emergency. Like needing new tires.
The US Government is a criminal organization...
From dailymail.com:
Family sues TSA after 79-year-old man's $82,000 life savings were SEIZED at an airport - but he wasn't charged with a crime'You don't forfeit your constitutional rights when you try to board an airplane. It is time for TSA and federal law enforcement to stop seizing cash from travelers simply because the government considers certain amounts of cash "suspicious,"' Dan Alban, a senior attorney at the Institute for Justice, said in the press release.
'We are trying to bring about institutional change and fix this terribly broken civil forfeiture system.'Sure, that cash "looked" suspicious, but the millions of foreigners invading the US do not.
Anybody who enlists to defend this rotten and corrupt RICO-grade system is an idiot.