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re: The middle class is dead and will never return

Posted on 8/1/20 at 11:54 pm to
Posted by RD Dawg
Atlanta
Member since Sep 2012
27291 posts
Posted on 8/1/20 at 11:54 pm to
quote:

The middle class is dead and has been since the 70's. There is no R or D that will come and save the middle class.


You have absolutely no idea what you're talking about and you obviously didn't live through the shite storm called the 70's
Posted by navy
Parts Unknown, LA
Member since Sep 2010
29023 posts
Posted on 8/1/20 at 11:54 pm to
Who works 9 to 5 besides Dolly Parton?


8 to 5 seems much more normal now.


If your business opens at 9, you are wasting 2-3 good hours.

Is the Early Bird dead, too?
Posted by Bass Tiger
Member since Oct 2014
45958 posts
Posted on 8/2/20 at 12:03 am to
quote:


I’ll roll my extra money to brass and lead over gold and silver (which all equally rise in times of uncertainty lately).


Absolutely! You understand my comment about being able to protect your assets.

The issue America is going to be grappling with is the out of control devaluation of the dollar. US debt has more than doubled in less than 10 years. If the Fed can somehow control inflation and deflation they may be able to navigate their way out of this mess. The likely scenario is further devaluation of the dollar which destroys purchasing power, particularly retirees.
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 8/2/20 at 12:05 am to
quote:

he middle class is doing fine. Marxists would have you to believe otherwise.


The middle class has been doing fine for generations. The idea that if trump doesn’t get elected again will kill the middle class is a scare tactic. It’s about being desperate. I’m not against voting for trump again. This whole TikTok thing is a breaking point for me. The economy is getting destroyed by trump right now, but I’m close to giving him a pass. If your gonna take credits for the slightest of wins accept responsibility for the losses.
Posted by CrusaderInfidel
Tishomingo
Member since Feb 2015
248 posts
Posted on 8/2/20 at 12:07 am to
Good point
Posted by NPComb
Member since Jan 2019
27254 posts
Posted on 8/2/20 at 7:02 am to
I have a McMansion so your theory is wrong.
Posted by lsu13lsu
Member since Jan 2008
11471 posts
Posted on 8/2/20 at 8:21 am to
quote:

own hard assets; gold, silver


You putting it all in a vault or safe?
Posted by jimdog
columbus, ga
Member since Dec 2012
6636 posts
Posted on 8/2/20 at 9:09 am to
Same as any L, revenue not flowing is revenue not flowing and people laid off. If dems win WH the recovery will be slow and painful just like the Obama "recovery". Trump wins the dems will fight the recovery and extend the covid thing as long as possible. I'm not optimistic.
Posted by Putty
Member since Oct 2003
25482 posts
Posted on 8/2/20 at 9:54 am to
quote:

This whole TikTok thing is a breaking point for me.


Thanks for mentioning. Can now completely disregard your opinion on...well, anything.

It’s been pretty widely known that the Chinese are using TikTok as spyware. Our military has been prohibited from using it. And lawmakers on both sides of the aisle have recognized the threat. But that won’t keep the media and sleeve from acting like Trump is wrong here - just as they would act like he was wrong if he did nothing. And the dopes of the world will swallow this tripe whole.

Nov. 2019
quote:

Chuck Schumer, Democrat of New York and the Senate minority leader, said the security review was “validation of our concern that apps like TikTok — that store massive amounts of personal data accessible to foreign governments — may pose serious risks to millions of Americans.”


quote:

The Committee on Foreign Investment in the United States, a federal panel that reviews foreign acquisitions of American firms on national-security grounds, is now reviewing the two-year-old deal after lawmakers raised concerns about TikTok’s growing influence in the United States, said the people, who spoke on the condition of anonymity because the investigation was confidential. One of the people said that the American government had evidence of the app sending data to China.

This post was edited on 8/2/20 at 10:06 am
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 8/2/20 at 10:32 am to
quote:

I thought I heard last week on FBN over 20,000 businesses in NY have gone out business due to Covid19.


COVID19 is NOT the cause. Government over-reach and fear mongering is the cause. People are stupid and fell for "if we save one life". Meanwhile, lives are being lost daily to violence in our major cities. We have been duped.
This post was edited on 8/2/20 at 11:27 am
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 8/2/20 at 10:40 am to
quote:

You putting it all in a vault or safe?


LOL. Exactly. Gold and Silver "certificates" are so over leveraged. People think they own gold and trust that if they needed it, it would magically appear in the mail. Ain't happening.
Posted by ItNeverRains
37069
Member since Oct 2007
25385 posts
Posted on 8/2/20 at 11:09 am to
If the US goes full Cuba on China the middle class will be the biggest demographic in US history within a decade.
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