Over70irregs
Well-Known Member
Yeah cannot taper a fractionalized ponzi without going socialist.
Anyone Afraid Of Inflation?
- Thread starter Wally
- Start date
Over70irregs
Well-Known Member
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation. -James Lavish.
This is inflation. -James Lavish.
Over70irregs
Well-Known Member
Printed money is stolen purchasing power.
Money that can’t be printed is power that can’t be stolen from the people.
Money that can’t be printed is power that can’t be stolen from the people.
Wally
BrownCafe Innovator & King of Puns
Lol, headlines make you think inflation is down, it's not, just not rising as fast.
Over70irregs
Well-Known Member
️ and 🗑 bills sent me notices of increases. Damnnnnnnn…..
Wally
BrownCafe Innovator & King of Puns
The Biden pay cut.
nypost.com
How Americans have taken a pay cut every month since Biden took office
House Speaker Kevin McCarthy noted the average American family has lost the equivalent of more than $7,000 in annual income.
nypost.com
Up In Smoke
Well-Known Member
Weren't you the one who started this topic in July of 2020??The Biden pay cut.
How Americans have taken a pay cut every month since Biden took office
House Speaker Kevin McCarthy noted the average American family has lost the equivalent of more than $7,000 in annual income.
Wally
BrownCafe Innovator & King of Puns
Yep, Biden said he was gonna' fix it. Made things worse.
Up In Smoke
Well-Known Member
So did Ford and Reagan. Things got worse for those two Presidents also. The current Fed is drawing parallels with the 80's inflation and stagflation as they raise rates while maintaining near full employment. The capitalism pendulum can and does swing hard in each direction. Worldwide inflation will be with us for multiple years. We can't just suck the excess money out of the economy overnight
Over70irregs
Well-Known Member
We wii suck and print. NO CHOICE.
Over70irregs
Well-Known Member
High yield savings accounts and alternatives to bank deposits are accelerating the banking crisis.
After years of banks paying 0.01% interest, consumers are demanding a yield.
Large banks must pay higher rates or deposits will continue to leave.
The system is being challenged.
-Kobeissi
After years of banks paying 0.01% interest, consumers are demanding a yield.
Large banks must pay higher rates or deposits will continue to leave.
The system is being challenged.
-Kobeissi
My bank hasn't paid crap for a long time that's why I don't leave that much money in there
oldngray
nowhere special
They pay almost nothing in interest yet still charge ridiculously high rates for their credit cards.
The interest on my money market give me more interest in one month then I would have gotten in a year at the bank
Over70irregs
Well-Known Member
Did you see the Apple card payout?
I did.
Over70irregs
Well-Known Member
Sitting on all that cash and an actual product is putting pressure on banks for interest payouts.
Thebrownblob
Well-Known Member
Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages
Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.
m.washingtontimes.com
Wtf
So what’s the point of paying your bills on time having good credit and saving money to put down down on a house if they’re going to penalize you might as well spend it all on hookers and blow.
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