Eventually, the necessities will become unaffordable to the average American family.
Bankruptcies, repossessions and foreclosures will be rampant, as variable rate loans begin to climb.
Even those with fixed rates will have a hard time making their payments, as their essentials take up more of their budget.
Depression starts, looting, rioting and murders begin to sky rocket as Americans fend for the necessities.
This continues on until the economy, quite violently, corrects itself - which can take a decade or more... Buckle up pedes, this could be a wild fuckin ride!
At first, things start to get more expensive.
Eventually, the necessities will become unaffordable to the average American family.
Bankruptcies, repossessions and foreclosures will be rampant, as variable rate loans begin to climb.
Even those with fixed rates will have a hard time making their payments, as their essentials take up more of their budget.
Depression starts, looting, rioting and murders begin to sky rocket as Americans fend for the necessities.
This continues on until the economy, quite violently, corrects itself - which can take a decade or more... Buckle up pedes, this could be a wild fuckin ride!
Precipice here we come.
Yes, and what comes after the precipice?
I'll give you a hint: it starts with the letter "M"...