Andrew, I don't want to encourage homelessness OR panhandling. I feel very strongly about these issues.
But I also recognize that we have a serious ongoing problem in our country with inflation that is about to get SO. MUCH. WORSE. We have 63 banks that have run up hundreds of billions of dollars of debt (this is not the same thing as the national debt--which the government floats). The FDIC is refusing to release the list of which banks--but there is no way that they are going to be able to stay solvent.
When they fail--and they are GOING to fail, people are going to lose their shirts, and it's going to be ever so much worse than what happened after 9/11 when the housing bubble burst, or the economic downturn in 2007. It's going to be on a level with the Great Depression.
People are already struggling to stay in their homes. I expect the homelessness situation to get much worse. I expect that people who are desperate will do anything, including panhandle and raid dumpsters to feed their families. And I DON'T expect the federal government to do a thing to meaningfully fix it.
If we want to soften the blow in our communities, we have to start working on it now, and I don't see Omaha's city council or Lincoln's as being part of the answer to the problems that are headed our way.
Details and sources are important. "The number of problem banks represented 1.4 percent of total banks, which was within the normal range for non-crisis periods of one to two percent of all banks. "
Andrew, I don't want to encourage homelessness OR panhandling. I feel very strongly about these issues.
But I also recognize that we have a serious ongoing problem in our country with inflation that is about to get SO. MUCH. WORSE. We have 63 banks that have run up hundreds of billions of dollars of debt (this is not the same thing as the national debt--which the government floats). The FDIC is refusing to release the list of which banks--but there is no way that they are going to be able to stay solvent.
When they fail--and they are GOING to fail, people are going to lose their shirts, and it's going to be ever so much worse than what happened after 9/11 when the housing bubble burst, or the economic downturn in 2007. It's going to be on a level with the Great Depression.
People are already struggling to stay in their homes. I expect the homelessness situation to get much worse. I expect that people who are desperate will do anything, including panhandle and raid dumpsters to feed their families. And I DON'T expect the federal government to do a thing to meaningfully fix it.
If we want to soften the blow in our communities, we have to start working on it now, and I don't see Omaha's city council or Lincoln's as being part of the answer to the problems that are headed our way.
https://www.activistpost.com/2024/06/63-us-problem-banks-are-nearly-insolvent-but-you-cant-know-which-ones.html
Details and sources are important. "The number of problem banks represented 1.4 percent of total banks, which was within the normal range for non-crisis periods of one to two percent of all banks. "
https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024
The hundreds of billions of dollars of debt, though, is not.