I am sorry but comrade Chang will forever be the most powerful, he has been wrong for 20 years but somehow still retained respect from the establishment as an expert and has been misleading the major narrative for just as long. How can it even be compared.
American Economics Thread
- Thread starter Bernard
- Start date
Part 31:
Government spending is growing at an exponential rate. As you can see from the chart below, federal spending is now about 14 times higher than it was in 1980. And federal spending is about $3 trillion more per year than it was in the last full year before the pandemic. Once the pandemic subsided, federal spending dropped a bit, but now it’s starting to rise at an exponential rate again…
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The U.S. government debt is exploding. The U.S. government has $36 trillion in debt. The national debt is roughly 36 times larger than it was when Ronald Reagan took office.
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Money supply growth is a horror show. Just look at how quickly M1 has skyrocketed over the past two years. During the pandemic, M1 has gone from about $4 trillion to over $20 trillion. The Federal Reserve is clearly guilty of economic negligence.
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Household debt has skyrocketed to almost unbelievable levels over the past 30 years. American households have also been accumulating debt at an alarming rate. Total household and nonprofit debt only surpassed the $2 trillion mark in the mid-1980s, but now total household and nonprofit debt in the U.S. has surpassed the $20 trillion mark. Household debt alone accounts for approximately $18 trillion of that total…
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Total debt (government, corporate and consumer) in the United States now exceeds $100 trillion (more than 350% of GDP).
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More than 100 million unemployed American adults are considered “out of the labor force.” When an American adult is not working, he or she is placed in one of two categories. For years, government bureaucrats have kept the number of Americans “officially unemployed” at a very low level, while the number of Americans who are thrown into the “out of the labor force” category has continued to grow. During the Great Recession, the number of Americans considered “officially unemployed” plus the number of Americans considered “out of the labor force” never exceeded 100 million. Today, the number of Americans considered “out of the labor force” exceeds 102 million…
Part 32:
According to the Washington Post, it appears that federal tax revenue in 2025 will be down about 10% compared to last year.
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Another really bad sign is that consumer sentiment has fallen to a 29-month low…
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Morgan Stanley is planning to lay off approximately 2,000 employees...
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Meanwhile, stores are closing permanently at a breakneck pace. See what Dollar General decided to do...
Another national retailer will be closing stores in 2025.
Overall, it is being projected that somewhere around 15,000 stores will close in the United States in 2025.
If a scrape the bottom of the barrel like Dollar General is closing, it means that the bottom half of the country really has no money to spend.
Part 33:
The number of foreclosures in the United States last year increased by 174% compared to 2021, and mortgage delinquencies have been rising in recent months.
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Today, in the United States, the richest 50% own 97.5% of all wealth, and the richest The poorest 50% own just 2.5% of all wealth…
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Much of the country is barely surviving from month to month, and meanwhile, the percentage of wealth held by the top 0.1% has reached a new all-time high...
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According to Challenger, Gray & Christmas, employers in the United States announced 172,017 job cuts in the month of February.
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Overall, U.S. employers have announced 221,812 job cuts in the first two months of this year. That’s up 33% from the total recorded in the first two months of 2024…
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Meanwhile, home sales remain depressingly low. According to Wells Fargo economists, total home sales in January were ‘only modestly above the weak rate experienced between 2008 and 2010’...
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According to Gregory Mannarino, small business startups are failing at an alarming rate...
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The truth is that the average American pays dozens of different taxes each year. Here are some examples of the insidious forms of taxation that drain household wealth…
Building Permit Tax
Capital Gains Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Court Fines (an indirect tax)
Dog License Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Gift Tax
Hunting License Tax
Inheritance Tax
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Payroll Taxes
Phone Taxes
Property Taxes
Real Estate Tax
Recreational Vehicle Tax
Road Toll Booth Taxes
Road Usage Taxes (Truckers)
Sales Taxes
School Tax
Septic Permit Tax
Social Security Tax
State Income Tax
State Unemployment Tax (SUTA)
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer Registration Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
Part 34:
According to Challenger, Gray & Christmas, layoffs in the US were 205% higher in March 2025 than in March 2024…
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In fact, Stellantis immediately announced a wave of layoffs after the new rates were announced...
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The number of commercial bankruptcies in March 2025 was much higher than the number of commercial bankruptcies in March 2024…
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And during the first three months of this year, U.S. banks filed to close hundreds of local branches…
The American tourism sector is booming as you can see in the graph
All this is from trends before the tariffs. And the full impact of the tariffs on China won't truly hit until the warehouses are cleared from front loading in about a month from now.
The Dollar stores will have to raise price or go out of business just as record amounts of people need to go to bargain stores to compensate for price increases across the board in other segment of retail.
This is a death spiral to recession with the second lowest consumer confidence in history (exceed only by the lockdown during the Pandemic) that will be hit by an oncoming freight train of tariff induced price hikes for practically every consumer good.
