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An Update For Earlier Readers and Survivors
Leading Scholar Still Says the...
"Crash of the US Economy is Coming Sooner Than You Think"
The Crash of the US Economy is Coming, Readers, Concerns, and Survivors
By Dr. Charles L. Singleton
Yes, my friends, as previously published, Wednesday, November 21, 2018, “The Crash of the US Economy is Coming Sooner Than You Think.” I recently wrote, “Looking back over the last 11 years, our USA economy is still recovering from its Great Recession of 2007- 2009. Which simply means, the stock market observable failures (pseudo or artificial values in the equities and other financial sectors; suppressed income and wages, overvalued real estate, and accumulative generational debt), are still with us in my opinion. In my view from the helm, the United States of America (USA) economy is also sailing rapidly toward overcrowded metropolitan traffic; congested gridlock with failing and outdated infrastructure, and increased taxation.”
And, as I continue to observe, the tremendous economic undercurrent, for many United States citizens, will eventually erase the stability and gradual recovery of the US economy; now within 8 to 12 months from this date. Burdensomely and undesirably, Americans impulsive buying or purchasing habits are increasingly debt-driven financially. Today, we have more credit card debt, along with increased mortgage and rental payments, personal debt accumulations, and lingering student loan debt. Furthermore, the present-day trend of “living paycheck to paycheck” is increasing among US citizens. Recurrently, many Americans have inadequate savings, plus, outrageous medical bills (newborns, teenagers, adults, long-term care patients and the dying).
Moreover, government shutdowns: furloughs, unsettled nervousness involving international trade agreements; major US companies to experience declining dividends and capital gains, such as Apple’s stock falling value on January 2, 2019, plus the continual business closings and layoffs across the country will eventually crash the US economy: e.g., General Motors (GM), some 14, 000 employees are scheduled to lose their jobs. Furtherance, the impact on the US economy of the 2018 Tax Reform Bill (Tax Cuts and Jobs Act), could have an “adverse effect” on US government revenue intake, and the consumer cost of living.
Moreover, government shutdowns: furloughs, unsettled nervousness involving international trade agreements; major US companies to experience declining dividends and capital gains, such as Apple’s stock falling value on January 2, 2019, plus the continual business closings and layoffs across the country will eventually crash the US economy: e.g., General Motors (GM), some 14, 000 employees are scheduled to lose their jobs. Furtherance, the impact on the US economy of the 2018 Tax Reform Bill (Tax Cuts and Jobs Act), could have an “adverse effect” on US government revenue intake, and the consumer cost of living.
In addition, concurrently, according to USA Today Story News, and Politics, the skyrocketing exorbitant national debt ($21 trillion) is steadily growing an inflatable federal debt deficit ($779 billion) into $1 trillion for 2019. And, keep in mind, all US citizens and able-bodied taxpayers, this “Huge Debt” must be paid. Thus, this heightened USA economic dilemma is further worsened by Washington, DC’s executive branch of the US federal government’s fragile pretense and its leaderless situation.
