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The Water Cooler
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People are delinquent on almost everything they owe money on
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<blockquote data-quote="GorillaG" data-source="post: 4231202" data-attributes="member: 49083"><p>I just heard CC late payments are at are at 50% and overall CC debt is over 1.4 TRILLION and rising by billions a month. All those jobs the Fueher is bragging about are poor slobs taking crappy 2nd and 3rd jobs to claw buy. People are living on their CC's and that leads straight to <em>Bankruptcy</em> which is the next big wave coming but it won't be reported until AFTER the election and then blamed on Trump. Every jobs report in over a year has been revised down the following month, meaning the numbers everyone recalls are the good, BOGUS numbers but the revisions no one hears, By revisions I mean outright lies. We've made a culture of living above our means. My wife is a LEGAL immigrant (zero freebies, zero help from the govt) she was astounded at the homes in the wealthy neighbor hoods, the houses, cars,boats,RV's, jet ski's etc etc. I had to explain that half those people have so many payments they literally can't eat at McDonalds. She was flabbergasted when I told her 5k house payments and 1k car payments are typical. Our national debt is rising ONE TRILLION with a T every 100 days. This bubble will soon burst and it will be way worse than 1929. People had morals and ethics then, When it blows up this time it will be like Katrina, savages roaming neighborhoods taking what they please and the thin blue line? The goods ones will quit or be fired by then and the bad ones will be looting with the rest of the savages.</p></blockquote><p></p>
[QUOTE="GorillaG, post: 4231202, member: 49083"] I just heard CC late payments are at are at 50% and overall CC debt is over 1.4 TRILLION and rising by billions a month. All those jobs the Fueher is bragging about are poor slobs taking crappy 2nd and 3rd jobs to claw buy. People are living on their CC's and that leads straight to [I]Bankruptcy[/I] which is the next big wave coming but it won't be reported until AFTER the election and then blamed on Trump. Every jobs report in over a year has been revised down the following month, meaning the numbers everyone recalls are the good, BOGUS numbers but the revisions no one hears, By revisions I mean outright lies. We've made a culture of living above our means. My wife is a LEGAL immigrant (zero freebies, zero help from the govt) she was astounded at the homes in the wealthy neighbor hoods, the houses, cars,boats,RV's, jet ski's etc etc. I had to explain that half those people have so many payments they literally can't eat at McDonalds. She was flabbergasted when I told her 5k house payments and 1k car payments are typical. Our national debt is rising ONE TRILLION with a T every 100 days. This bubble will soon burst and it will be way worse than 1929. People had morals and ethics then, When it blows up this time it will be like Katrina, savages roaming neighborhoods taking what they please and the thin blue line? The goods ones will quit or be fired by then and the bad ones will be looting with the rest of the savages. [/QUOTE]
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