Since around 2010, the government added several trillion dollars to add liquidity to the market expecting some economic recovery. The horrible thing is that this money is not their property but money printed from thin air in the form of quantitative easing. Most Americans do not understand what quantitative easing is, but we only make money that can not support nothing in the shells of nuts. Essentially, it reduces the value of all dollars we get. The Federal Reserve Board allows you to increase money supply by a factor of 20, so if I have mathematical rights, one dollar in my pocket is now worthy of nickel . When millions of jobs are actually left, the media is hitting this drum of complete recovery. Indeed, this actually began when a US company began to fully shift its manufacturing to offshore in 2000. This is when the US economy is supported by debts and becomes more than that. We will no longer function as a manufacturer, but as long as consumers and only it deposits printing money to finance consumers to banks.
Looking at the unemployment rate, it is unlikely that the final check will be only 6.7%. It is not possible for a major corporation to take up financial statements and read it without hearing about bankruptcy filing, announcement of layoff, or closing of many corporate locations. At the peak of unemployment years ago, the employment rate is 62% and the unemployment rate exceeds 10%. Currently 6.7%, the ratio is now 56%. Once again, when checking my math, the proportion is increasing as the evidence points to a decrease in number. Clearly someone is cooking books. The good news is that for everyone there is a struggling bankruptcy application still available. They just look for a silver lining in the bankruptcy cloud and just look at the plus side.
Historically, what you really care about when the topic of bankruptcy application goes up is negative. In rare cases, no one will ask about good matters of bankruptcy application. If someone wants to hear the good news about the topic, please consult a bankruptcy attorney. Bankruptcy attorneys tell individuals how automatic it is and how strong it is. Automatic retention is established at bankruptcy application, and the creditor stops collecting debt. In fact, it is very strong and will stop all legal activities including foreclosure, litigation, judgment, wage defendant. Creditors can no longer even contact debtors. As a result, the debtor will enjoy peace of mind without worrying who the phone party is when calling.
The second most positive advantage of the bankruptcy filing is bankruptcy relief. Bankruptcy is a secret that creditors do not want obligors to inform the obligor. Creditors want me to believe that the bankruptcy application will destroy my life. This is why there are so many negative information online. Because the debt enforcer knows that once the person's file disappears, he can no longer place a call to the person and will not receive anything when bankruptcy happens, so something to tell someone from the bankruptcy application I will do. Chapter 7 Upon bankruptcy filing, all unsecured obligations are completely wiped out and nothing is repaid. For Chapter 13, the obligor and its bankruptcy attorney must submit a feasible repayment plan to the bankruptcy court. Chapter 13 In bankruptcy, debt is paid preferentially with collateral and gains initial cracks in cash. Normally, most unsecured debts are not paid, and the remaining amount is included in the bankruptcy at the end of the repayment plan.
The truth is that there is no economic recovery that the media is talking about and people need to respond positively to explore the truth. When things do not fit, please put the head of the conversation on face value that understands who they are working for. As more than 50 million people are receiving food stamps and as many people are returning home with older parents it is becoming quite difficult to conceal the non-existing recovery, so many Americans are beginning to wake up to the truth Roof on their head.
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