Comparison of job losses during this recession to others since WWII

submitted by magnora7 from (i.redd.it)

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[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

It is but do we see the social torment yet? I don't see it but their was always the silent class who have been forgotten. 25% of children in the US live in poverty not much news about this.

This reminds me of 1920's Germany, let's hope inflation doesn't skyrocket.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

let's hope inflation doesn't skyrocket.

Oh it will. The petrodollar is ending, and if the money contained in the stock market leaks in to consumer prices (which it has and will continue to do) then we will most definitely see inflation. The fed right now is running a deficit every 2 weeks on par with the entire deficit of the year 2008

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

We still have saudi arabia though, and the US has plenty of stock domestically that will last for hundreds of years. We also can switch to alternative means.

The fed right now is running a deficit every 2 weeks on par with the entire deficit of the year 2008

So then what do you suppose people do to protect themselves?