How bad will the coming recession be?
Most of us are living in a recession now,think of it how many people do you know that live from payday to payday?I among others am struggling and I do not own credit cards,I work hard pay my bills have a roof over my head and a car to drive,and am able to go out and eat about four times a month.There is so many things i would like to have but I thank God everyday for my decent health and capable mind.The cost of everything today is so high compared to the wages,If you are young go to college and make something of and for yourself.I am a old man looking back at all the would have,could have ,should have things and it is to late for me.I pray for this younger generation,they are in for some hard times.Uor government doesn’t seem to care any more,letting all these people come in here and take over,sending jobs overseas to cheaper labor.Who is going to buy there product when there is no money?Load your guns the robbing and taking your things has started and it will get worse in the near fu
There will only be a recession if we talk ourselves into one. It’s only because the media needs sensationalism to sell papers, etc. that it keeps banging on about a recession when what it really means is there will be a slowing down in the economy that naturally follows from an increase in interest rates. But all the scaremongering about us not being able to afford our mortgages in future is just so much nonsense. The banks and other lenders have to keep lending money to stay in business and there is so much competition in the finance industry it’s unlikely interest rates will hit the heights the more lurid reports in the press warn us about. Sure interest rates will rise and some first time house buyers will defer their purchases, and there may be a correction in an overheated property market, but this doesn’t exactly constitute a recession. If we all keep our heads instead of believing what we read in the papers we’ll be fine.
Only as bad as the bankers want it to be. They are the designers of wars, death and mayhem. They control the balance of life throughout the technologically advanced world. They that rule the government are themselves ruled by the rich and powerful bankers that rule the world. Money only works as well as the pshycological framework it exists in. If everyone in the world decided to “Not” use the banker money – then natural stupidity and its mayhem would ensue because it seems that bankers are the only people on earth that really understand the psychology of man and money. To keep mayhem from happening in an uncontrollable manner – the bankers cause their armies to bring out the guns and kill people until the people submit to using the chosen currency. Now – When the people are allowed too much money another kind of natural force goes to work in the minds of the people. They start taking life for granted and become consumed with arrogance and forgetfulness. They start becoming like the ba
