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I was not aware we were in a Depression.
by captaincrunch 6y ago
I was not aware we were in a Depression.
- _trampeltier 6y agoAlready in September last year, the FED started to print a lot of money because of the colapsed repo market. In the end of 2020, the FED printed so much USD, we have now 25% more USD than before the beginning of 2020. https://www.reuters.com/article/us-usa-fed-repo-tools-explainer-idUSKBN1YR0F2 https://www.reuters.com/article/us-usa-fed-repo-tools-explai...
- fatlasp 6y agoOne interesting statistic is that more people dropped below the poverty line in the united states this year than any other year recorded to date. Much like occupy wallstreet didn't really kick off until well after the 2008 financial crises, the impact of what is happening now in the economy will not be clear for several more years
- 3131s 6y agoHow'd you miss that?
- waynecochran 6y agoMy deceased relatives explained it in a way the seemed a little worse than this. They actually didn't have things like money and food at times. I am typing this on computer which is a luxury they couldn't even imagine.