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This is bad... we need to talk ASAP

300 H and H

300 H and H

Bronze Member
GOLD Patron
10:11 min.


Tom Nash
Tom Nash

269K subscribers
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Here we go the Biden economy of much higher interest rates.
Biden has fucked up everything he has touched. The F.E.D. has been in the Democrats pockets as the money supply (new printing) was equal to 30% of all the dollars that existed in 2021 alone. And the progressives wonder why we have inflation? Unless that is the plan all along.... ?
 
Inflation was the plan all along. Ever since we went off the gold standard.

It allows everyone's income to rise incrementally, giving a false sense of worth to their work, whilst keeping the people in check as prices, and taxes, rise proportionally. Thereby having the people run in place believing life is better.

It also allows the gubmit to spend more than it collects. Currently by about 50%. Our national debt is at least five times the annual budget. Thus, enslaving our progeny for our overreach. For decades, if not forever.
 
Look at how many individuals are following the governments lead now. They over spend, are drowning in debt, and barely surviving despite the low interest rates. Once internet rates go up, their bubble will burst, and we will see mass bankruptcies.
People are overpaying for homes, cars, RVs, and almost everything else. Does anyone remember 2008-2011?
Did they learn nothing?

I'm thankful to be debt free, and pay off my credit cards monthly.

That new truck, boat, tesla, home, pair of quads, and $40k on credit cards, some people have, while their income between them is only $150k annually, they are going to be in for a big surprise soon. If interest rates go up to a mere 8%, which is still relatively low, they are screwed. Correct me if I'm wrong, but weren't some people in the 1970s paying 20% on their mortgage?!
Imagine if that were to happen again now.

They seem to think that their government doesn't care about debt, so why should they.
Seems that nobody learned a damn thing watching Greece implode not too long ago.
 
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