Sharecropper-Nation-Bob Davis Podcast-1116

Sharecropper Nation

Altogether I think it’s a sharecropper nation these days. Details in Sharecropper-Nation-Bob Davis Podcast-1116.

Oklahoma

Certainly my drive through the Oklahoma Panhandle made a big impression on me last month.

Social Media

But a recent social media exchange accentuated my experience.

To rephrase I am impatient with argumentative comments on social media on some of my posts.

Pressure Back Home

On the other hand I forget the pressure the average person ‘back home’ is under.

Bob Davis Podcasts Economic Series Podcasts

To review I’ve done a number of podcasts about the US and world economic situation.

Click here for the most recent podcast in the economic series.

Trouble Back Home

However I have not done an installment the pressure those back home have to deal with.

Not Keeping Up

For one thing the average income hardly keeps up with average expenses.

Even more children and student loans are expensive…

…And you begin to understand there isn’t money left over each month.

Inflation

Furthermore the consumer class has been most exposed to inflation.

Higher Interest Rates

At length efforts to address inflation by central banks have resulted in higher interest rates.

Gone To The Credit Cards…Beer…Weed

In addition both small businesses and the consumer class are forced to use credit cards at very high interest rates.

Sharecroppers

Firstly in Sharecropper-Nation-Bob Davis Podcast-1116 I give a history of sharecropping.