Then by your own definition, the 30s were not an economic collapse either. You don't need 100% of the economy to fail before it's a collapse. People were still working, and goods were still being produced.
So then what the hell happened between 2009-2020 when people could have eaisly said the same thing back then? When they were saying just that, and you had radio ads screaming about buying gold because soon money will be worthless? How the hell did that economy recover?
It didn't recover. It was garbage the whole time. It was a bubble the whole time. Now that bubble is popping.
And by the way, how about you answer the simple question of why consumer debt is at an all time high if the economy is so great? Why on earth are people borrowing money and paying crazy high interest rates on their every day purchases if their economic situation is so good? Are they all just a bunch of idiots?
And what is the fucking purpose of giving the "illusion that business is booming".
Simple, to keep pushing the problem down the road as far as possible. The Fed doesn't want the economy to crash, but their only tool to prevent it from crashing is to make interest rates 0% and print trillions. THAT IS NOT A SOLUTION. All they will do is destroy the dollar. Inflation will completely obliterate all purchasing power at a rate faster than the Fed can print it. We will soon get to a point where Congress can pass trillion dollar "stimulus packages" on a weekly basis and it won't be enough.
Do you realize just how much a trillion is? If you made a dollar every second, it would take you 35,000 years to make a trillion. Doesn't that give you any pause whatsoever? Doesn't that make you take a step back and realize that something is very, very wrong here?
How much debt will it actually take to give you pause? 40 trillion? 50 trillion? 100 trillion?
Then by your own definition, the 30s were not an economic collapse either. You don't need 100% of the economy to fail before it's a collapse. People were still working, and goods were still being produced.
It didn't recover. It was garbage the whole time. It was a bubble the whole time. Now that bubble is popping.
And by the way, how about you answer the simple question of why consumer debt is at an all time high if the economy is so great? Why on earth are people borrowing money and paying crazy high interest rates on their every day purchases if their economic situation is so good? Are they all just a bunch of idiots?
Simple, to keep pushing the problem down the road as far as possible. The Fed doesn't want the economy to crash, but their only tool to prevent it from crashing is to make interest rates 0% and print trillions. THAT IS NOT A SOLUTION. All they will do is destroy the dollar. Inflation will completely obliterate all purchasing power at a rate faster than the Fed can print it. We will soon get to a point where Congress can pass trillion dollar "stimulus packages" on a weekly basis and it won't be enough.
Do you realize just how much a trillion is? If you made a dollar every second, it would take you 35,000 years to make a trillion. Doesn't that give you any pause whatsoever? Doesn't that make you take a step back and realize that something is very, very wrong here?
How much debt will it actually take to give you pause? 40 trillion? 50 trillion? 100 trillion?