'You can fool all the people some of the time, some of
the people all the time, but you cannot fool all the people all the
time' - Abraham Lincoln
If the USA's economy is that good, why
are supermarkets closing outlets like no tomorrow, companies downsizing
with headcounts diminishing, banks facing failures and F&B outlets
calling it a day. Where are these people going to find other jobs?
Without jobs, people just resort to robbing supermarkets freely, without
being arrested. My God, this is turning into the new USA economy.
Without
jobs and earnings to spend, how are supermarkets and F&B outlets
that are left going to survive with dwindling customers? It is a wheel
of misfortune overcoming the USA on all fronts. And yet they are only
concerned and worried about China collapsing! China is not going to
collapse tomorrow or ever. Its 5.2% growth in the first quarter of 2024
is even beyond the ability of the USA to achieve.
The most
unbelievable part of the fairy tale is the talk of how rosy the USA job
creation was only yesterday, and today it comes crashing down like a
house of cards. This is not job creation honestly. It is all an
illusion, a sleight of hand! All those talks about the ups and downs are
like the weather forecast, just to continue to keep the USA economy on
steroids or in ICU, until the November elections.
Anonymous
One step forward and two steps back is what is happening with the USA economy. Powell is now clueless how to deal with the problems. He is sending mixed signals every day, just to keep the economy in ICU until November.
ReplyDeleteAll the optimistic reports about Wall Street and job creation are just ploys to delay the inevitable.
The West can keep chanting the mantra that China is collapsing. If it makes them feel better, so be it. BRICS should fast track its de-dollarization move and prepare the systems to accommodate the inevitable event unfolding.
Germany is in recession, only it is not admitting it. France is in equally bad shape. The UK is a basket case, with the Conservative Party under Rishi Sunak's leadership losing its pants in the local elections now happening.
ReplyDeleteThere is only one country to blame and that is the USA. Enemies of the USA faces danger, but Allies of the USA suffer ever worse fates. The USA is destroying the whole Anglo-Saxon clique single-handedly.