Reply to How long till the economy collapses?

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[quote=Anonymous][quote=Anonymous]As much as we like to blame politics, recessions occur when consumers lose access to debt.  Right now a lot people a lot of people are maxing out credit for rent, auto loans, and even food.  Soon they will not be able to borrow more and will have to cut back spending en mass.  That likely has already started even before Trump took office.[/quote]

A recession has been teetering for years…. But…. What’s happening right now is 95% the fault of the asinine approach to governance right now. Mass layoffs in government and anything supported by government (which, news flash, is a huge part of our economy… everything from child care to defense contractor) will cause a spiral. Once those folks can’t spend, neither can the folks who rely on their business and so on. Don’t try to pivot this away from Trump and Project 2025. This was entirely the point. Cause a further class divide to give themselves more power.

Hope everyone has some cash on hand when the run on the banks happens soon… [/quote]

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