A serious financial crash is headed America’s way in 2020, and make no mistake. We have absolutely got to get ready. It is unavoidable, and it is likely to get very nasty. Our illegitimate president is not telling the truth about it, and the people of the country are not prepared. That is only to be expected. We are told daily how well everything is going, how well Trump is doing handling the economy. This lie is crueler than most he tells because it is having the effect of leading many of us right to the slaughter.
As Ben Bernanke, former chairman of the Federal Finance Board, recently said, “In 2020, Wile E. Coyote is going to run off the cliff- and look down.”
The president will not help prepare us for the upcoming disaster; so be it. We expect no less. We’ll just do what we do about everything else. Raise awareness, and get ready.
A financial collapse brings many a curse along with it, but one of the worst is that it doesn’t abide by a timeline. During the #TrumpShutdown, for instance, people suffered all manner of crises. The country permanently lost five billion dollars. But while it was very destructive (and unnecessary), it was also short. Many collapses are even shorter, their duration measuring for days rather than weeks. This allows recovery efforts to commence almost immediately. Economic downturns, however, are unmeasurable in length. For most the hit they take will be felt for a minimum of a year, with the aftereffects resonating for several years as a nation recovers.
Sane people will find it impossible to repress a shiver to think what could have happened if he’d kept it up for months.
During an economic collapse, there are symptoms that affect large companies and industries, with very visible signs, felt in the family home. Symptoms of collapse are manifold and include such pleasant sides of life as high bankruptcy rates, widespread unemployment, hyperinflation, a spike in death rates (attributable to depression or other financial causes), social collapse and a high increase in crime.
This is all bad enough by itself. When you take into account that our leadership is not only unwilling and unable to provide the people any relief but actively lying to the nation’s populace so as to swindle them out of voting with self-interest in mind, it becomes very clear that many Americans are about to suffer a massive and total calamity. It’s been coming from Day One. Many specialists believe that American top income- an overwhelmingly right-wing set of half-fascist monopoly capitalists- causes crashes and downturns on purpose, so that people will sell them everything for pennies on the dollar and they can profit massively off the crisis they callously caused, although of course this is very hard to prove.
Back in 2016, many people believed the American economy would start to crash the day Donald Trump took office. Eight years of strenuous recovery work had finally righted the course, and now Trump would come along like a baboon and sling feces all over it, his preferred hostile takeover method. As expected, he did, but the economy not only survived him, it blossomed in spite of him. Immediately he began to boast and take credit for it. But that idea was ridiculous. Economists have been searching for real reasons ever since.
The first thing to understand about the effects presidential policies can have on our economy is that they are at best unclear. Robert J. Samuelson of the Washington Post wrote that “the $20 trillion economy is simply too big and complicated to be easily manipulated for partisan advantage.” While presidential policies do eventually have an effect, they do not manifest instantly, and while there is nothing surprising about the president boasting credit, he seems to have lucked out in the short term.
“It’s at least possible that bigger budget deficits will, if anything, strengthen the economy briefly,” said the New York Times’s Paul Krugman.
That’s how it ended up going, and while of course, it is wonderful that we’ve had such a bounce in our prosperity, we have to come to realize NOW, today, at this very minute that it’s almost over! Millennial Democrats were lucky enough to have a true expert offer us a bit of counsel and insight into the problem.
“People are bound to ask why it will collapse. Luckily, the answers are fairly simple Many economists are expecting a 2020 recession based on factors that have little to do with Donald Trump. Wage growth is not keeping up with price increases. Household debt has hit new highs, exceeding even the pre-2008 recession period, and federal debt increase has escalated dramatically. Economic bubbles like this BURST.” -Unknown Soldier.
In other words, our current economy is going to crash.
It is now time to draw our belts in a notch. We’ve got to start saving money, putting it aside and preparing to survive through what could be some very hard times with it. The president can refuse to help the people when they’re in need, and make no mistake about it. That is one promise Trump could make truthfully. He will do nothing but make matters far, far worse.
The steps needed to prepare for an economic collapse are similar to those used in a zombie apocalypse. We’ve got to embrace frugality. Our banks and wallets will become our survival tools. By investing wisely and doing basic research on money-saving methods, we’ll be digging storm shelters for ourselves, and when it’s over we will still have heads to pop out and smell the air with.