Message from @TraderPropShop
Discord ID: 496265367212261376
The Fed!
...
US now pays more in interest payments than military ...
The US pays a \*\*\*\*ton in interest. I remember hearing that it took all taxpayers east of the Mississippi to pay the interest on the debt. And that was around 2004. We crossed the 100% Debt to GDP ratio just about as Obama was leaving (I forget the exact date, it was very early into Trump's term)
There's a reckoning coming. I can agree there.
Brent cude just crossed $83 a barrel. Just the start of an inflation spiral. Get ready pay. Everything goes up in price.
We're not as bad as Japan (>250% Debt to GDP) but things are going to get nasty.
Yes, I believe Japan will be ground zero for the next crisis.
I actually think it'll be China. But there may not be much difference.
That an Italy.
It's all going to explode.
And then there could very well be war.
True, China crashes as well. And as you say may have wider effects.
China and Japan are both strong enough GDP-wise to take down the whole world economy.
individually.
Italy could be a spark, but if it stays in Italy, it would be relatively confined.
Canaries in the coal mines everywhere: https://www.zerohedge.com/news/2018-09-30/chinas-bond-market-cracks-2018-will-be-record-year-onshore-bond-defaults
The problem with China is that they might already be collapsing and no one would know.
Because the party constrains information so hevavily.
LOL, yes ... who can believe what they say.
They can't control the economy like they think they can.
But they can kill news of collapses from the masses while the guys at the top quietly leave.
They killed the stock market once when it looked like things were collapsing.
They have a huge housing bubble right now.
But the Fed and other central banks are quite clever ... they have extended this current expansion longer than I thought.
Yeah, we're overdue.
Honestly, this recovery is where we should have been in 2010.
Trump and capitalism will get the blame.
Pretty much.
Ushering in the socialist ... only to tank it further.
Yep.
Yippes!
Mostly the socialist is going to just seize control of everything.
I fear we have a Chinese future.
Remember when everyone thought the Great Firewall would have to collapse?
And now Britian is monitoring all communications on the internet for "child porn"
Not sure. My model for the future is a regional patchwork of fifdoms.
The irony, is that the socialist will only cement income inequality.
People in the US criticize how lawmakers get stupid rich.
But it's nothing on the Chinese CCP
Yes we will all be equal ... equally poor.