The Greatest depression is coming, are you ready?
- Thread starter ZNP
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mm panic panic panic panic
I think ppl have got to get through a depression just like its happened before, was it the 1930s when stocks crashed.
thr rich wheeler dealers dont realise that without enough workers working their luxury vacations, cleaning up their hotel rooms, serving them food in restaurants, making their cars, attending their flights, and making them goods, or building their houses they cant actually buy those anymore.
boo hoo. Listen deal with it. God cares for the sparrows, so He will care for you.
I think ppl have got to get through a depression just like its happened before, was it the 1930s when stocks crashed.
thr rich wheeler dealers dont realise that without enough workers working their luxury vacations, cleaning up their hotel rooms, serving them food in restaurants, making their cars, attending their flights, and making them goods, or building their houses they cant actually buy those anymore.
boo hoo. Listen deal with it. God cares for the sparrows, so He will care for you.
Good point, there is no reason to panic, they are making robots that can work in manufacturing at a fraction of the cost, self checkouts which are much cheaper than cashiers, self driving trucks much cheaper than truck drivers, AI that can do art design faster and cheaper than a graphic designer, AI that can diagnose sickness better than doctors, robots that can perform operations better, Houses that can be built with 3d printers, and the list goes on and on. So don't worry about your room being cleaned on vacation, or who is going to build that luxury villa, or deliver the stuff you ordered online.
But for the other 99% I recommend getting right with Jesus because as much as you may think you are a necessary cog in their machine I can assure you they are looking to replace you.
As for the 1% you will be living on a conveyor belt that is dumping people into a waste bin. You may not be the first ones that get dumped but you are on that conveyor belt and that is where you are heading. So I suggest while you hunker down in your luxury bunker that you also pray and get right with Jesus.
The one takeaway everyone should have is you do not want to have to appear before the throne of God without having washed your sins away in the blood of Jesus.
But for the other 99% I recommend getting right with Jesus because as much as you may think you are a necessary cog in their machine I can assure you they are looking to replace you.
As for the 1% you will be living on a conveyor belt that is dumping people into a waste bin. You may not be the first ones that get dumped but you are on that conveyor belt and that is where you are heading. So I suggest while you hunker down in your luxury bunker that you also pray and get right with Jesus.
The one takeaway everyone should have is you do not want to have to appear before the throne of God without having washed your sins away in the blood of Jesus.
Houses are one of the two great engines for the economy, the other is automobile manufacturing.
https://www.theepochtimes.com/us-ho...utm_source=partner&utm_campaign=BonginoReport
The income needed to qualify for a mortgage rose to $88,416 from $58,560 during the preceding 12 months, an increase of more than 50 percent. However, the median family income has only risen to $90,642 from $86,757 during this time, an increase of just 4.5 percent.
Looks like we just lost an engine.
https://www.theepochtimes.com/us-ho...utm_source=partner&utm_campaign=BonginoReport
The income needed to qualify for a mortgage rose to $88,416 from $58,560 during the preceding 12 months, an increase of more than 50 percent. However, the median family income has only risen to $90,642 from $86,757 during this time, an increase of just 4.5 percent.
Looks like we just lost an engine.
China and Russia Want to Replace US Dollar With BRICS Currencies
https://www.theepochtimes.com/china...utm_source=partner&utm_campaign=BonginoReport
You are witnessing the collapse of the US currency
https://www.theepochtimes.com/china...utm_source=partner&utm_campaign=BonginoReport
You are witnessing the collapse of the US currency
I know they are saying that inflation in the US is 9.1% year over year, but that is very misleading.
You should look specifically at the things you have to pay for: groceries, gas, and utilities.
Yes, your mortgage hasn't gone up if you had a fixed rate, and yes your rent hasn't gone up yet, not until your lease ends. But the things you have to pay for in the US, especially if your income is in the bottom 50% have gone up by 37%.
Suppose you have a person who was paying $2,000 a month for groceries for his family, $200 a month for gas, and $200 a month for utilities. $2,400 of his monthly income went to these things. In addition he put a $200 into the bank each month and also spent $200 a month on going out with his family. He is middle class but things look OK. Now his expenses on food, utilities and gas have gone up by $800 a month! First thing he stops putting $200 a month into the bank and stops spending $200 a month going out. But he is still $400 short. He can't cut back on utilities or gas, so that leaves taking $400 a month out of the grocery bill. Because of inflation that means 1/6th of his groceries. How, people with families eat more, not less as the kids grow up. Well, cut out meat. Beans are much cheaper than meat. If meat had been 1/6th of your grocery budget then just cut that out, and who knows, maybe you will have enough.