#financialized — Public Fediverse posts

So imagine this. The world's hegemon, with the world reserve currency, has #financialized it's #economy, it's savings, etc - with a lot of bubbles hidden behind speculation.

Then you have a general income issue, whereby #WealthInequality is shrinking the economy and the consumers buying power.

Add to that oligarchs fleeing the country and setting up livable bunkers.

Delinquency rates on almost every type of major loan on the rise as #Americans’ savings hit rock bottom
https://www.ms.now/news/delinquency-rates-on-almost-every-type-of-major-loan-on-the-rise-as-americans-savings-hit-rock-bottom