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A United States-self-made economic hell known as the Second Great Depression is coming if the United States does not refound the American economy based on the Gold Standard—or at least some kind of concrete standard, even if it's the Silver Standard, Copper Standard, or other standard which can give the U.S. Economy a floor should the NYSE crash again. Besides, the United States Economy will also be in worse-than-historically-repetitive trouble if the NYSE keeps going up and up and doesn't have the kind of floor that it had last time.
source: tradingeconomics.com
(The U.S. Government entirely ripped up the floor of the Gold Standard from under the U.S. economy in 1971.)
Add inflation and a probably-impossible-to-repay debt to a floorless economy and an NYSE that could hit a ceiling at any time, and a Great Depression with either a nonetheless-painful end or no end could occur probably well before the 2022 "Budget Showdown"—and compare the former possibility to if my third childhood hamster had risen from the dead after he (as I have since heard) died instantly from a 16-foot-fall that a squirrel-dug hole in my father's apartment caused him to have, or if he even somehow survived that fall and eventually recovered (As for the latter possibility, the bottomless-pit analogy can be used for that.).
One can therefore obviously conclude that the U.S. Economy and the NYSE that defines it need:
source: tradingeconomics.com
(The U.S. Government entirely ripped up the floor of the Gold Standard from under the U.S. economy in 1971.)
Add inflation and a probably-impossible-to-repay debt to a floorless economy and an NYSE that could hit a ceiling at any time, and a Great Depression with either a nonetheless-painful end or no end could occur probably well before the 2022 "Budget Showdown"—and compare the former possibility to if my third childhood hamster had risen from the dead after he (as I have since heard) died instantly from a 16-foot-fall that a squirrel-dug hole in my father's apartment caused him to have, or if he even somehow survived that fall and eventually recovered (As for the latter possibility, the bottomless-pit analogy can be used for that.).
One can therefore obviously conclude that the U.S. Economy and the NYSE that defines it need:
- A refoundation or reflooring, such as a return to the Gold Standard or some other standard that can serve as an economic and financial base
- An actually-slowed-down growing and a growth that takes the slow-and-steady approach as opposed to the "Get rich quick!" or "Buy, buy, buy!" standard.
- Inflation control
- A U.S. government that will put it back on the Gold Standard or some other kind of concrete standard, regulate overgrowth, control inflation, and at least start reducing the growth of the U.S. debt and deficit.
PS I recall that I wrote about the heading-for-another-depression U.S. Economy before, and writing again about it in the 10th-anniversary year of the Great Recession may be worth it.
