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In reply to the discussion: Original New Dealer Wisdom [View all]Warpy
(113,719 posts)which means they no longer have to sell goods or services to inflate their billions. They're doing that by accounting tricks and by the simple fact that money attracts money. Billionaires are so far removed from the world of grubby trade that they barely remember that's what made them billionaires. They think in terms of divisions and/or whole companies, not people.
The crash might be coming sooner rather than later, it looks like King SuetBall isn't going to back down on hius stupid tariffs on all offshore goods. A huge dip in consumer spending won't do it, that's just a symptom. What will do it is cratering the market for treasury bills, and that market is already wobbly.
So what can we ordinary people do? Not much beyond prioritizing and waiting for the dust to clear.
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