Millions of Americans are discovering that at some point the money runs out and the party is over. Vehicles are being repossessed at the fastest pace since the global financial crisis, foreclosure filings are up 18 percent compared to last year, and student loan delinquencies have soared into unprecedented territory. Nobody can deny that economic conditions are deteriorating rapidly, and this has pushed vast numbers of U.S. consumers past their breaking points. So what is going to happen if economic conditions continue to deteriorate rapidly in the months ahead?
The American people are not stupid.
They clearly understand what is taking place…
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