How an #economy works:
1) #Consumers must work in order to #Produce first.
2) They get #paid for that work.
3) They then #consume which is ~70% of #GDP.
See the problem here? pic.twitter.com/xSoyvwIXMF— Lance Roberts (@LanceRoberts) June 29, 2020
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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This upcoming quarterly reports for earnings and adjusted GDP is going to be terrible.
Years ago when my grandad was still alive he called the Democrats the party of the working man. Not anymore, that day’s passed and long gone. The radical left has hijacked things and they’re hell-bent on killing what’s left of the economy simply to keep their irrelevant asses in office. Normal people are going to be casualties.
Time for the Democratic Party to dry up and blow away so the people behind the curtain can be dealt with in the open.
The “working man” of the ’50’s is no longer represented anywhere by anyone in America; not by the unions, not by the media and absolutely not by the politicians of either party. It has become a phony economic zone controlled by criminal fiefdoms who jockey to claim the biggest bezzle.
The Market is up and the Fed can instantly create more money, what could possibly go wrong?
The Fed Res. has been put under the control of the Treasury Dept. That makes POTUS by default the Chairman of the fed. However, Munchman? is actually in charge. They are letting the fed buy, buy, buy more junk, until they are so loaded down with dept, then POTUS will demand an audit, declare it bankrupt, and return us to sound money…GOLD.
Working people also need to be adequately compensated regarding wages and benefits to cover the taxes levied against their wages . You don’t adequately fund a school system and teachers salaries , police departments , fire departments and other forms of government services taxing a $15 dollar per hour job .
At one time in this great country 10 or more high paid union working peoples taxes covered one government employee ! That ship sailed away decades ago and now all government employees are paid thru debt instruments because the tax base is gone and the wealth transfer went to “THE BIG CLUB” Of Wall Street To K-Street To Capital Street .
Tell any government employee retired or near that they will receive pennies on the dollar promise if that because those responsible for securing their pension funding can no longer kick a can down the road and they know working people have been financially fucked till they are bleeding out and any attempt to demand more could start a real civil war . Tell a federal employee they are only covered in their pension for what they invested and all non essential government employees are fired !
Private tax paying employees know all to well what happens when you fall into that non-essential category you are laid off , let go , fired . Reality sucks , time for government employees to take their harsh equal dose !
This US gov chart resembles more accurately what John Williams at Shadowstats has been saying for several yrs now. That unemployed is closer to 50%. If you don’t think our economy is serious trouble, you are delusional. With about 230,000,000 working age ppl and about 110,000,000 unemployed, the economy looks great, doesn’t it!?
I see the problem. The chinanese made plotter is broken. Go down to waltart and buy a new one already and quite whining about the bad plot.