Alarm Bells Are Going Off Everywhere, The Message, This Economy Cannot Be Sustained - Episode 1331

in #economy7 years ago

Credit card companies begin to make offers to retailers to stop accepting cash and only use debit or credit. CBO says that Trump will not be able to balance the budget because the debt is unsustainable. 40% of the Fed's balance sheet is interest for foreign banks. We have reached the 1999 stock market bubble, this is not going to end well. Bank of America is reporting that within 3-4 months the entire economy will begin to break apart. The IMF is reporting that Canada might be in trouble after raising interest rates, the housing market might start to implode.

Sort:  

thank you Dave

Cashless = income taxation on every transaction. You loan me money, I pay you back, we both get income taxed. They don't care how you "earned" the money. Suckaaaaaah.

You won't have anymore complicated Tax Filing. They will keep tract of every cent you exchange. And send you a tax bill, like the utility companies do. Every month. No, just debit you, so you will never be late. Suckaaaaaah.

Bitcoin, Litecoin, STEEM and Silver

Don't forget Ethereum

People need to say, "you don't want cash? then I will go somewhere where they do." If everyone, or alot of people, start ONLY using cash, it will kill this in a week.

Its true, going on a plane, they wont accept cash! They want a cashless and have wanted a cashless society.
The bubble is about to pop.

@x22report of course they want to control everything, but they are implementing the digital economy in what they call the 4th industrial revolution and this includes the blockchain tech (FINTECH) and I am glad you pointed this out!

the cryptos cannot be sustained either.

Thanks Dave, When this next crash comes I hope we dont let the same bankers be in charge.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62299.02
ETH 2440.23
USDT 1.00
SBD 2.65