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Doom! Impending catastrophic collapse of the US economy
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Original Message
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Donald Trump’s good pal Thomas Barrack wrote a fascinating and detailed piece on Medium today which warns of an impending collapse of the US economy. It’s a strikingly candid piece in which he says what is coming will “dwarf the Great Depression”.
Ladies and gentlemen, if you want doom, here it is, on a silver platter.
[link to link.medium.com (secure)]
There’s a cliff notes version in Yahoo! Finance though it has media bias, I strongly recommend that you read the medium article itself.
[link to finance.yahoo.com (secure)]
It’s not complicated. Here is a snippet:
“ American businesses are unable to access dollars and liquidity, consequently they are unable to fund employee wages and worker benefits, cover day-to-day operating expenses, support increasing borrowing costs, and make capital expenditures benefiting the American economy. As revenues fall further, layoffs will accelerate, consumption will evaporate, and almost every American will be financially challenged to a degree not experienced since the Great Depression.”
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