Their Views On Our Future Prospects
It seems there is no longer any attempt to maintain anything. It’s all being allowed to fall apart. The thinking appears to be highly short-term. There used to be consideration for both the short and the long term. Instead, there is this sense that everyone is trying to butcher the cash cow and get their share of the meat before it’s gone. There is the sense that people are trying to wring all the blood out of the middle class. But wringing the middle class out of its discretionary income through inflation and higher interest rates has long-term repercussions and I doubt the rich and the economists are too stupid to realize this. For example, what will the banks be left with if people can no longer afford to maintain their homes? A surefire way to ruin a house is to allow the roof to deteriorate. What will happen when the middle class can no longer afford to buy the goods from small businesses — the major, still existing employer of American citizens? Can they really not realize the domino effect that will ensue if they rid us of all our money? Or, is it they believe we are transitioning away from the economic paradigm we had all grown up with, and it will soon be replaced by one with extreme wealth coupled with extreme poverty? Where the majority work for no more than room and board — if we’re fortunate enough to afford even that much?
jenniferalicechandler 