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Richard Crim's avatar

Hard times are "a coming" globally. I don't see any way to avoid that now.

We waited to long to do this cleanly. Now, billions are going to die prematurely.

Ric Vaughn's avatar

People are already defaulting on their credit card debt, auto repossessions are getting so bad there are repo companies backed up for months with too much business. Mortgages are going into default at ever increasing rates . . . I don't think many people could stand a double on the electric bill.

Yet we are still buying bomber jets at almost a billion a plane. The money has to come from somewhere and after a double on homeowners insurance the people don't have that money. It will be facinating watching this play out. Facinating, but not pretty . . .

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