The only thing keeping the American economy going is debt. People are relying on credit cards more and more to pay for basic necessities. This can’t last forever and we are starting to see significant declines in credit scores because Americans are no longer able to pay their debts.
Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt; Synchrony Financial Warns https://t.co/T3qibkDfwM
— zerohedge (@zerohedge) July 20, 2023
Even though the whole credit scoring system is a big bunch of bullshit that nobody understands, significant declines in credit scores is another indication that there are major problems in the economy. It means fewer people will be qualified to get loans for homes, cars, businesses etc.. This in turn means less economic activity.
The economy is in the toilet. I don’t care if the United States government claims we have three percent unemployment. If we really had three percent unemployment you wouldn’t be seeing all these sob stories on LinkedIn from girl boss types and allegedly strong empowered women about how they are unemployed. A strong economy would allow these faggot corporations to sustain all these fake jobs on their payrolls.
More people are relying on debt to survive. This is just a fact and few people want to admit this because they are in denial of reality.
