The tax and spend crowd will soon have no taxes to collect but will the swamp spending addition be halted or will the fed simply print more money? Danger ahead, but is anyone listening?
Top economist Kevin O'Leary warns of impending US economic turmoil, asking everyone to pay attention. The O'Leary Ventures chairman worries about a small business financial crunch. He expects the Biden administration's economic policies to squeeze these companies.
The CHIPS and Science Act and the Inflation Reduction Act, which support 40% of American jobs, favor huge firms in the S&P 500, however, 60% of American jobs are in small firms!
So what are small business supposed to do?
It is apparent small businesses have been neglected by the Biden Regime and are struggling with the Federal Reserve's interest rate hikes, which are expected to hit 5.5% in weeks.
"Bidenomics," or economic policies, are hurting Americans. Despite historic inflation alleviation, tiny to small US business will face disaster.
The Armageddon crisis mostly impacts enterprises with five to 500 employees, which make up 60% of the US economy. The rising cost of capital is making it difficult for small businesses to get financing, unlike S&P 500 companies. With interest rates rising from 4-5% to 11-17%, many expect these small business owners to have trouble getting loans. Insiders expect this issue to worsen in the coming months or perhaps weeks.
Here is comes! A dramatic fall in regional banks from 4,100 to 2,000 over the next three years, increasing concerns about bank deposits. Since just $250,000 is guaranteed for deposits in the event of a bank failure, individuals may worry about bank stability, and what has the fed done to reassure consumers their money is safe? (silence fills the room)
Economic analysis suggests extending the small business employee retention benefit to address these issues. This extension could make a significant impact on helping small firms, which create millions of US jobs. They are not listening, not listening still, perhaps they never will!
Final Word: The chickens are coming home to roost! Economists are warning about the US economy, particularly small businesses, due to economic policies and rising interest rates. Liquidity problem in this vital sector requires immediate intervention, but the Biden Regime is on recess and no one is guarding the playground!
Replies
The "BUY GOLD CRAZE" is in full swing...BUT which precious metals vender can tell us how we might use the gold or silver to PURCHASE the NECESSITIES of LIFE? I spoke with several.....They have NO Idea. IF The Deep State Cartel is going to "RIP" our medium of transaction, (OUR DOLLAR), from us, what viable plan do we then have for survival? Forecasting-envisioning this "PROBABILITY" leads one to say "PUSH HAS COME TO SHOVE". So do i store food and water for 1 year or 100 years.......Doesn't matter--Does it ? So subconsciously i am NOT Voicing the only other alternative here but it speaks to Our True Moment in History ! ! !
Have a mortgage, nearly paid off... it can be called... and will be if interest rates hit the high teens or worse... Small to medium-sized Banks will need to find liquidity or go under. Most if not all bank notes have CALL ON DEMAND features... Even if your mortgage is current, the Bank can call the entire balance if they are faced with Bankruptcy.
Don't think for a moment one can meter out the coming financial hardship over time... with payments... as the larger notes and small business secured loans will eventually be called and if they are not paid... foreclosed. We are indeed headed for Financial Armageddon and hyperinflation.
Note... the lifting of the debt ceiling (no cap) will permit Congress to print money without a vote to increase debt... There is no longer a need to raise the debt ceiling, it has no cap. Effectively, all of our bank deposits and dollar-vested assets are at risk of being forfeited to such a scheme... The Government can print our dollar-vested assets and deposits into oblivion. One will need a wheelbarrow of Federal Reserve certificates to buy a loaf of bread ...
So....Ron, what do you think the banks will do with a crap-ton of houses that they've foreclosed on? They may not be able to unload them to average buyers so they will unload them on the unscrupulous sharks that will swoop in and buy them up for pennies on the dollar or for balances due on the notes. I think if this happens on a large enough scale that we will see violence as homeowners become stressed, especially once they realize that they've been screwed by the government and politicians who allegedly are acting on their behalf. Get ready for more Hoovervilles.
ERNEST: If we were disposed to be "COMPASSIONATE IDIOTS" we would envision the loans doled out to the "NEW AMERICANS' -- The FORMERLY ILLEGAL "IMMIGRANTES" who can replace the present "FREEDOM MINDED AMERICAN VOTER BASE" in those houses.. Biden would then use our Constitution for kindling under our euthanasia funeral pyre.
HEY SHERIFF LET'S ROUND UP A BIG POSSE......https://cspoa.org/ .
When I wrote this article I knew something big was about to blow up. Now the UAW will strike and Biden will order them back to work but it won't work
Like I said: ☠️ Armageddon Economy Starting Now! ☠️
We Needed a GOOD LAUGH Today....THANK YOU U. A. W.
It's PRINT AND SPEND... not tax and spend today... No need to tax, just print currency to pay for government operations... Of course, such reckless fiscal policy ends up destroying the value of the Dollar and an economy that goes into hyperinflation.
No need to negotiate new taxes... just print money. That's much easier and more civil than wrestling over the budget. CRs and access to unlimited debt... the new world order's formula for economic ruin.
When a small business goes bankrupt... the banks and major corporations buy up their assets for pennies on the dollar... and their employees go on welfare and unemployment. This is especially true in small towns and villages... where single-source manufacturing employs most of the town's working class. Ghost towns are popping up all across America... as both political parties work to hollow out the American economy.
Biden's policies are enriching the mega-banks and ruling plutocracy... Nothing effective gets done to correct the problems in America because the elite in both political parties are profiteering from the process... They are all profiteering on the misery of the middle class and small businesses... increasing their holdings, assets, and power, while workers, and small and medium businesses disappear in the wake of economic ruin.
I wholeheartedly concur. When a business unfortunately fails, the hardworking owners are burdened with the responsibility of paying taxes and covering the costs associated with closing down. Individuals who find themselves in such a predicament are left with two options: either seek an alternative business or transition into the role of an employee within a different organization. The government's agenda is promoting a society where individuals are predominantly employed, thereby enabling enhanced tracking capabilities while imposing extensive taxation on every penny earned, with minimal deductions. If the economy were to collapse, it would provide a compelling rationale for the government to swiftly intervene and implement nationalization measures, effectively fostering a society where individuals become reliant on and subject to government control. IMHO.
-
1
-
2
of 2 Next