Subj : what if biden dies
To : BORAXMAN
From : Dumas Walker
Date : Wed Nov 29 2023 11:41 am
> > I cannot speak for Spain or Canada, but many of the issues the US is
> > currently facing can be traced back to the near-immediate signing of
> > several executive orders shortly after the current administration took
> > office. Inflation, and other issues caused by this, were then amplified
> > when Russia invaded Ukraine.
> It is interesting how as time goes by, the "start date" for when things went
> wrong is also brought forward. For example, in Australia, we've had a housing
> affordability crisis for well over a decade, but quite commonly when people
> talk about the crisis, they think it started just 6 months to 1 year ago.
> What happens is the bar, or what is acceptable is degraded, and people view th
> drop from the new, lower standard. The US has been in decline for a long long
> time.
I did say "many" and not "all." Our issues with increased utility and fuel
prices, the latter of which also caused food and other commodities to
spike, does indeed trace back to the time period I mentioned. The
Inflation Rate as a whole hit its height after that point.
OTOH, the affordability of housing may have been going up before then here,
too. All I can say there is that it has got worse since early 2021.
Speaking of bringing dates forward, the early 2000's housing (and economic)
crisis in the US actually started at least in the late 1990's. Most bring it
forward to paint the political picture they want painted, but a lot of the
market instability (and government/business/financial practices that lead to
it) started before 2001.
One of the factors that started it all (just one of many) was the dot com
bubble burst. That burst happened in 2000 and caused a crisis in
California (especially) where people involved had spent money (that didn't
exist) on large homes and other big ticket luxary items. Once they started
defaulting on their loans and/or losing their non-existent money, it affected
the whole country. Investors beyond Silicon Valley lost their money.
Here, where the cost of living is usually low, the housing prices spiked
much higher than they were worth in 1998-99 and houses stopped moving. They
eventually eased back towards what they were worth during the early 2000s.
Because several of the companies initially affected by the burst in Spring
2000 didn't go out of business until 2001 and after, many get confused and
think (or purposefully claim) that everything was great until January, 2021.
The fact that the collapse was caused by events put into motion during the
mid-1990s is lost on them.
* SLMR 2.1a * If worst comes to worst, you *CAN* turn most things off.
