Fitch downgrades US credit rating outlook

Discussion in 'Latest US & World News' started by Destroyer of illusions, Aug 1, 2020.

  1. Destroyer of illusions

    Destroyer of illusions Banned

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    https://freenews.live/fitch-downgrades-us-credit-rating-outlook/
    And this is just a pitiful beginning.
    Yesterday US Q2 2020 GDP deflator was published = -1.8% https://apps.bea.gov/iTable/iTable....1#reqid=19&step=3&isuri=1&1921=survey&1903=11
    For the first time since the Great Depression, this indicator went into the negative zone (i.e. inflation was replaced by deflation of ~ 2%)
    It must be admitted that terrible times await the United States. I predicted this several years ago. And this is clear even to a child.
    Few facts.
    1. 30 million Americans admitted to being malnourished on at least one day in the week ending July 21. 5.42 million stressed that they went hungry in a week not just once, but "often". It is curious that, despite the softening of "covid measures", the number of hungry people does not fall, but continues to grow. https://www.latimes.com/food/story/2020-07-29/food-insecurity-america
    2. The average age of American cars has updated the record for 20 years (that is, per generation) and reached 11.9 years. It is emphasized that the Covid era has not yet influenced these statistics, since these data are still for January. https://www.reuters.com/article/us-...workers-stay-home-economy-slows-idUSKCN24T1GN
    3. 62 million Americans last week did not receive any salary in any form or pension. https://www.thestreet.com/mishtalk/economics/over-62-million-people-had-no-pay-last-week
    In other words, it is already obvious to everyone that the collapse of capitalism is growing.
    The next stage, this is the Great Depression, part two, - mass unemployment - poverty of the population - robberies and riots - increased racial hatred - separatism - the collapse of the United States.
    The only salvation is the Great Socialist Revolution.
    But civil war is still inevitable. The capitalists will not voluntarily give away what they have stolen from the people.

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