How are we going into a recession if the people have money?

If you 'coast along' for too long on a failed vehicle, burning it is all you can do.

We chose not to do things differently organically, because we felt we shouldn't have to put up with even that smaller amount of discomfort. That has brought us to this age of consequences. We've pushed the car to the edge of the incline.

 

sure, ok, good luck with that, your country first

 

The brakes are toast. The longer you wait, the worse it is going to be.

 

The current and future victims of the current system (i.e., ~99% of us).

Depends on how much evidence it takes to make you willing to know. For a lot of people, no amount of evidence is enough. Look at people who support Trump.

Compared to what?

 

It's the taker 1% who have chosen to willingly sacrifice the community (and everyone else) because they feel they shouldn't have to put up with even a small amount of financial discomfort.

 

Yet yours appears to be teetering on the brink ahead of the rest. The UK probably isn't far behind you .. but they're still in front of us

 

Blah blah 'commons' blah.

 

Were you under an erroneous impression that such a comment could be of either educational or entertainment value to anyone?

 

No. I just enjoyed typing it

 

It sorta seems like something significant happened in 2020.

 

Ouch.

 

I hear that the market crash was actually due to the end of the free money era, which abruptly ended now due to the Federal Reserve raising interest rates.

This is all just sour grapes right now.

Don't worry! The investors are just getting out of risky investments, and, with the market bubble having been popped by panic selling, they can swoop in and invest in safer investments at a discount rate. The market will be up again within three years.

 

This is what progressives do. Continue with a policy that is inherently unsustainable, and then when it inevitably starts coming to a crashing end, claim it is all because they were not allowed to do more of what they did.
It's like someone who keeps taking out new credit cards to pay for old credit cards, as the debt keeps going higher and higher. Then when it all comes to an end, they blame the fact that no other companies will issue them new credit cards.

You just don't understand that the Federal Reserve could not keep interest rates down forever, especially in the presence of inflation.

(Maybe you don't realize that the Fed has to print more to pay for keeping interest rates down? Which causes more inflation and makes it even more expensive to try to keep interest rates down in the future)