Why Coronavirus, Big Deficits, Inequality, “Trickle Down,” Greed & Hyper-capitalism Soon will Lead Us Into Economic Collapse

UPDATED WITH NEW CONTENT: All the signs of a deep crash have been there for well over two years. We saw how bad it was in 2007-8 and did nothing but double-down on our debt and worse, out of pure greed. The reasons why a poorly conceived policy involving increasing inequality, rampant greed, moving jobs overseas, and those Republican catch-phrases “trickle-down” and “hyper-capitalism” as well as the tax policies which support this, as well as sociological factors, are leading America down a garden path which leads to a fool’s paradise of high stock prices, misery among the lower half of Americans, increasingly insupportable deficits, with 83 percent of us dying with an average debt of $61,000, will very soon lead to eventual economic collapse, if not in the next few weeks, then certainly sometime in the next two to three months of 2020. This should by now be becoming obvious, as now is frighteningly the case with most economists. The average American now has $400 in savings, and bad credit, placing him or her one major unexpected expense away from possible homelessness. The very food supply itself is at risk at least partly because of an incompetant President and partisan infighting. Read More …