The EVERYTHING bubble

in #news3 years ago (edited)

America has a VERY big problem despite what you hear from the mainstream media.

Not only are we $20 trillion in debt but everything around us is in a bubble!

When one bubble finally pops it will cause a chain reaction making all the bubbles pop, changing America as we know it.

Meanwhile, Americans sit back nexflix and chilling, thinking everything is just fine. And why not? The mainstream media keeps saying "The stock market is at all time highs and unemployment is at all time lows." (As if to say that is a measurement our economy? It's not).

The truth is the stock market is manipulated by low interest rates, banksters and paper trades.

Unemployment numbers have been "massaged" for at least a decade to make the economy look better than it actually is.

The recent decision by the fed to not raise interest rates, it shows us how delicate this economy really is.

One wrong move and everything will fall apart.

If you want to know the real status of the economy just open your eyes and take a look around.
Most Americans are living paycheck to paycheck.
Less than 50% of the adults in the country have a savings account.
Everywhere you look businesses are closing, and it's not just the small businesses either.
Giant retailers that have been around forever like Macy's, Radio Shack, JC Penny's and many other major retailers have been closing down stores all over the country.

People have traded up great jobs with benefits for low paying jobs and government assistance.

But still the major media tells us everything is great.

Here is a (short) list of things that are in a bubble.

Let's start with the most familiar bubble to everyone, the HOUSING BUBBLE.

This is still fresh in most peoples minds as 2008 wasn't all that long ago.
Once again, the lack of regulation has aloud the banksters to start handing out loans to people who can't afford them, causing artificial demand, so the prices rise creating another bubble.

Next we have the AUTO LOAN BUBBLE.

With over half the country living paycheck to paycheck and most people NEEDING a car for employment purposes, this created the perfect storm.
Most people can't save up the few thousand dollars it would cost to buy a older car with cash, but banks save the day (ruin your life) with loans for newer, nicer cars that people really can't afford.
Unfortunately they NEED a car and this is their only option, so they get a loan for $0 dollars down and $199 a month for 7 years which ends up costing them $16,800 for a car that is worth about $8,000.
When all you wanted a $2000 vehicle to get to work and back.
Obviously you can see the issue with this.

Moving on to CREDIT CARD DEBT BUBBLE

Everyone is so strapped for cash these days that it's understandable they turn to credit cards in time of need. Unfortunately this time of need has become a dependency, and people are cannot afford to even make the minimum payments. The average american adult has over ten thousand dollars in credit card debt! This is not sustainable! We are seeing credit card delinquencies rise month over month and they are not slowing down.

Unfortunately the banks weren't happy with all of your money, they want your children's (future) money too. Which brings me to the last bubble, the STUDENT LOAN bubble.

This is the banks favorite debt because it is government backed.

They are just taking advantage of the younger generation to keep them indebted forever. They want to saddle them with debt before they get a chance to make a family or build a house. So they will be in (debt) servitude their entire lives.

There are many other bubbles and problems, but all of this stems from the same issue.

This DEBT BASED society that we live in.

We should not be buying things we cannot afford today and promising our future selves pay for it.

We need a better system, one that benefits EVERYONE, not just the elite.


peace, love n all that hippie shit

*these pictures were taken from the google image, they are not mine.

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Indeed a very serious bubble, the total debt is actually way more, 68 trillion to be exact... Can never ever be paid unless serious devaluation of the US Dollar... which brings hyperinflation with it! Very interesting times

you are absolutely correct! I thought the true total debt was closer to 80 trillion but you seem to know your stuff so I'll take your word for it.

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I noticed your comment to Gregory Mannarino
saying to Reset the System... You may be interested
in my PC Theory...
@pocketechange

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So when the $20 Trillion caves in and the $200 trillion of unfunded liabilities caves in what happens to the value of bitcoin, steem and ethereum etc?

What do you think.

Just my two STEEMS Worth.

Its really hard to say with so many variables. But since bitcoin doesn't rely on the dollar or any fiat currency whatsoever, I would like to think it would (at the very least) hold its value. Thats my best short answer to this extremely complex question.

That is a very good answer.
I am betting that it dips for a week or two then skyrockets as the wheelbarrow stock soars when people need the to get dollars to the 7/11 to buy a loaf of bread.

I am hoping I never see but I don't see a way out of this bubble without popping it.

We can thank all the kick the can spineless turds we continue to send to K Street.... I mean Congress.

Ive been to war in countries where currency was hyper inflated and it wasn't pretty so i dont hope that for any country, especially my own.
Now saying that, i dont see a way out off this mess either, the bubbles coupled with russia and china leaving the petro dollar, we are not in a good place.
So yes, i do believe your right and that is why i am stocked up on cryptos, beans and bullets. ;)
And fuck congress... 'nuff said. Lol

All so true. Student loan debt, credit card debt, housing... it'll all tumble sooner rather than later.
Then unprepared people will be in a world of hurt.

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You left out trillions spent fighting wars for Israel!

Your absolutely right, definitely another huge issue! Unfortunately this article was already getting long and i had done an article on the cost of war previously.

Do you ever wonder if the whole world is in an information bubble? That would be the worst bubble of them all to pop...

I don't really understand what you mean? elaborate, if you don't mind.

We have access to almost unlimited information in the palm of our hands in an interconnected digital world. Everyone is hooked on it. I fear it may all go dark. Or the continued spread of strategic misinformation may underline faith in the information systems we rely on causing lack of public trust and rendering our traditional info sources as useless.

going dark would be extremely terrible. i really hope that never happens because it would be devastating to the entire world. I only see that happening in a solar flare type situation from the sun though. I think that countries (especially governments) need the internet for control and to be able to spy on everyone, so I don't think they would ever willingly give up that power. I think this internet situation is only getting crazier with smart appliances and smart everything hooking into the internet of things, so i don't see it going down anytime soon.
As far as misinformation goes. that's all around us all the time, as humans we have to sift through all of it and decide for ourselves whats what. I know that sounds shitty but we dont want to be censored (like google and youtube have been doing lately) so people are turning to blockchain media sources like d-tube.
i think we are in the age of information and it will go on through my life and things will eventually be amazing. I just think we have some hard times to go through first. :/

I share your optimism.

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I LOVE EVERYTHING BAGELS...

Everything Bubbles? Not So Much! lol

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