Content
@
0 reply
0 recast
0 reaction
Vanessa Williams
@fridgebuzz.eth
I’m not even American but I literally can’t sleep for the anxiety. If the U.S. economy crashes, so will ours, and my life savings will disappear and I have no time left to rebuild them. Obviously I’m not the only one worried about such things, and many MANY people will fare far worse. I just needed to get it off my chest. It’s not Thanksgiving here (we already had ours), but I guess it would be a good time to count my blessings. Maybe it will help me sleep.
1 reply
0 recast
3 reactions
Blue Cockatoo
@bluecockatoo
It is scary, yes. The US and the dollar are in a tenuous place. If Cheeto does what he said he will and puts 20% tariffs on all imports, that will cause an incredible increase in the price of nearly everything here since even things that are made in the USA use imported materials. That will crash the economy as the middle and lower classes can't afford basic necessities. If he also takes over the Fed like he said he wants to do and starts messing with the interest rates for his own (short term) benefit, he will wreck the stock market, treasury bonds that fund the government and banking system. The dollar will lose viability. It will be bad not just for the US but the world. And that's on top of the tariff fiasco. I know he is surrounding himself with only yes-men, but I hope that someone pushes back on these things. It's terrifying to let someone like him, a multi-bankruptcied, failed business owner and fraud convict, pull the strings on the world economy.
1 reply
0 recast
0 reaction
