{"id":47385,"date":"2019-07-23T10:10:30","date_gmt":"2019-07-23T15:10:30","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47385"},"modified":"2019-07-23T10:10:33","modified_gmt":"2019-07-23T15:10:33","slug":"elizabeth-warren-is-warning-that-an-economic-crash-is-coming","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47385","title":{"rendered":"Elizabeth Warren Is Warning That An \u201cEconomic Crash\u201d Is Coming"},"content":{"rendered":"\n

Elizabeth Warren Is Warning That An \u201cEconomic Crash\u201d Is Coming<\/a><\/h3>\n\n\n\n
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Democratic presidential candidate Elizabeth Warren is sounding the alarm.  In an opinion piece that she put out on Monday, she boldly warned that an \u201ceconomic crash\u201d is coming.  Actually, much of her article sounds like it could have come directly from the pages of the Economic Collapse Blog<\/a>, and her analysis of the current state of the U.S. economy was right on the money.  Of course her proposed \u201csolutions\u201d are completely and totally nuts, and we will discuss that later in the article.  But it is quite remarkable that a woman that has a really, really good chance of becoming the next president of the United States is saying so many of the exact same things that I have been saying.  For example, just consider this paragraph<\/a>\u2026<\/p>\n\n\n\n

When I look at the economy today, I see a lot to worry about again. I see a manufacturing sector in recession<\/a>. I see a precarious economy that is built on debt \u2014 both household debt and corporate debt \u2014 and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy\u2019s shaky foundation to crumble.<\/p><\/blockquote>\n\n\n\n

Everything that she said there is true.  The manufacturing sector is definitely slowing down, and without a doubt U.S. households are drowning in debt.<\/p>\n\n\n\n

In another paragraph, Warren elaborated on the unprecedented debt problems that U.S. families are currently facing<\/a>\u2026<\/p>\n\n\n\n

A generation of stagnant wages and rising costs for basics like housing, child care, and education have forced American families to take on\u00a0more debt than ever before<\/a>. The student debt load has \u201cmore than doubled<\/a>\u00a0since the financial crisis.\u201d American credit card debt\u00a0matches<\/a>\u00a0its 2008 peak. <\/p><\/blockquote>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Elizabeth Warren Is Warning That An \u201cEconomic Crash\u201d Is Coming Democratic presidential candidate Elizabeth Warren is sounding the alarm.  In an opinion piece that she put out on Monday, she boldly warned that an \u201ceconomic crash\u201d is coming.  Actually, much of her article sounds like it could have come directly from the pages of the Economic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4901,7452],"class_list":["post-47385","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-snyder","tag-the-economic-collapse-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47385"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47385\/revisions"}],"predecessor-version":[{"id":47386,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47385\/revisions\/47386"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}