There's an old movie On Borrowed Time in which Sir Cedric Hardwicke plays Mr. Brink, a reference to the brink of death. It seems more than one economy finds itself on the brink these days. How many are truly on borrowed time?
Key topics:
✔️ People choosing between food and warmth in the winter.
✔️ "The forgotten people."
✔️"Survival for only 19 days" following a job loss.
✔️"Running faster to stand still or even move backwards."
✔️"Many people have cut back right down to the bone."
✔️$20/hr jobs and still homeless.
Links I mention:
https://www.youtube.com/watch?v=4v_aC1ZTlOg (even Russell Brand is warning you about the "just sit down and shut up" attitude we're seeing from the power brokers)
https://www.barrons.com/articles/what-to-know-today-51673427144
https://www.federalreservehistory.org/essays/banking-panics-1930-31
https://en.wikipedia.org/wiki/Henry_Paulson
https://www.cnbc.com/2008/07/22/paulson-were-gonna-be-alright.html
https://en.wikipedia.org/wiki/IndyMac
https://www.thetimes.co.uk/article/bernanke-assures-investors-that-top-banks-are-solvent-7639rkcvrnh
https://www.youtube.com/watch?v=N0VJXwr3KEs
https://www.youtube.com/watch?v=a5t2dufNkvU
https://www.youtube.com/watch?v=czmJvQCEnbE
https://www.youtube.com/watch?v=O58wklTuwwc
https://www.youtube.com/watch?v=jjE5mBXDKIU
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