This is exactly why so many people are pulling enough cash out of the market to survive the next 3 to 6 months

 

“I've got a lot of faith in Nancy Pelosi. She's worked a lot of magic. This is probably the biggest challenge that she's ever faced, that we as a caucus have faced,” said Rep. Anthony Brown (D-Md.).

“I'm not worried at the point now where I start taking my money out of the bank or out of the market,” he continued. “But I am very concerned that it could fail.”

end partial quote from:

https://www.politico.com/news/2021/09/25/pelosi-domestic-agenda-514258

I'm very concerned all this could fail too.

Things that could fail:

The Debt Ceiling to be raised 250 billion dollars could fail.

If this happens the world economy tanks like it's 1929.

The 3.5 Trillion Infrastructure bill is likely to fail in the Senate.

If this happens progressives have vowed not to vote for the 1.5 Trillion infrastructure bill in the House.

If that happens our democracy is basically over forever.

This is how bad all this really is right now and not just for us but for the whole world starting with China.

Is there any hope?

I think there is hope that maybe one of these things doesn't fail. But, I'm not sure we can prevent any of them failing which I see as the real problem here. And any one of them (especially the 1.5 Trillion infrastructure and the Debt Ceiling are so needed for the survival of Biden as a U.S. president, that if either of those fail it is curtains for the Biden Administration. HE will NEVER be re-elected if either of these two things fail.

He would be seen as another Herbert Hoover who ushered in the Great Depression only this great depression would likely hit ALL countries at the same time leaving none okay to help others recover. Millions and possibly billions would starve to death especially in third world countries worldwide. Millions of people would come to the U.S. because they are starving from South America and Mexico. It would be horrific!

But, I suppose we might survive the two infrastructure bills failing as long as we get the debt ceiling raised so there isn't a worldwide financial collapse of all countries eventually on earth.