Paraphrasing: Most people aren't feeling the pain yet, but they will very soon
Translation: we are not at the precipice ... yet
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It was the most stand out point of his speech. He said it early on. Then thereafter stressed keeping things "eloquent".
My biggest hope for these doomers is they learn to stop believing all these damn paytriots. That's what boosts a lot of their false hopes. They think these people are insiders and they're simply not.