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MasterStrategist

11,185 Posts.

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21/07/24

01:16

Post #: 74843688
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Originally posted by quickthinker: ↑

The thing is America has the largest economy in the world and the problem is 66% of people are living on paycheck to paycheck.
If Biden is not ousted and the USA economy breaks down then we as Australia break down and many other nations will to.
The world economy is dollar based and that cannot be changed overnight hence if they break so does everyone else suffer. When the dow collapses all the other stock exchanges collapse. When interest rates go up in America then all the other nations interest rates increase.
I just don't get it that people cannot see this and understand where the money comes from. It's crazy to think that it will not effect you outside of the USA. The Republican policies are the only ones that can save the world financially. If the democrats get another 4 years in office with their economic policies then you can kiss your economic world good-bye.

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All Trumps economic policies/uneducated thought bubbles are highly inflationary and environmental madness. And the people most likely to suffer are his low-income supporters.
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