Posted on 09/06/2022 8:00:37 AM PDT by george76
Credit card debt has been rising sharply. Not yet at record levels, but getting close to it.
Correct! We can weather the storm. No debts, savings in multiple banks and credit union (primarily credit union in case banks fail), and some cash on hand.
We've advised our daughters to do likewise - not carry credit card debt, and to stop frivolous purchases (such as pampering their cats with big expenses). We can all weather the storm if we prepare.
“But for most people, the times that we are moving into will not be fun at all.”
Well having grown up in the late 1950s and 60s the last 65 years have been fantastic. Color TV, air conditioning, clean water, no polio, moon landing, vacation and leisure time. Heady times indeed.
The powers that be are doing everything necessary to bring it on.
Yes. It is not just the “debt” on credit cards either. It is what credit cards are being used for..... regular household budget stuff like gas, utilities, food, etc.
Too few are noticing this but major retailers are the ones saying this.....
It is NOT sustainable. It is especially unsustainable if we are only at the beginning of a deep recession, or God forbid, a depression.
I wish people understood how the world works, but most of the shortfalls in your monthly budget are directly attributable to printing money and our insane energy policies.
Can ANYONE point out a single benefit for the average American in the recent spending bills? Less than 10% of the last bill is actually going to “infrastructure”. The rest of it is going to democrat donors.
We have a lot of structural rot in the system but if we do not address our dollar and energy we have no chance of stabilizing the structure.
Pensions and Social Security are a big concern.
We had lockers at school and no bombs, drugs or guns in them.
The powers that be are doing everything necessary to bring it on.
It sure looks that way and it makes us all question reality because we see it clearly, yet most who support these insane policies are incapable of seeing it.
Those in charge know it though and their goal has nothing to do with my household finances or yours - they want a global government that controls everything. They even tell us that to “re-imagine the World” you first have to get rid of the world as we know it.
In times of horrific disorder the masses have been conditioned to “find a Fauci” - the anointed savior for what ails us in the moment.
“In times of horrific disorder the masses have been conditioned to “find a Fauci” - the anointed savior for what ails us in the moment”.
And we know who that will be.
#2 According to John Williams of shadowstats.com, if honest numbers were being used the real rate of unemployment in the United States would be over 24 percent.
I would like to see how that 24 percent is calculated. It is just as off as the 3.7 I would bet. Groups you can’t count in the number. Retired no matter what their age. Homeless. Many of the homeless are there because of drugs and mental illness. Neither group are particularly employable.
2 Thessalonians 2:11 — (NRSV)
11 For this reason God sends them a powerful delusion, leading them to believe what is false.........
We have a lot of structural rot in the system
*************
Cultural rot as well. We are far, far away from the country we used to be.
I cannot and will not refute your math, but I would ask you to consider how our government has altered data analysis and reporting in the past decades to paint a rosy picture.
Each of us, objectively and anecdotally, can observe the world around us and see that we should NOT trust our government when it comes to pronouncements on the health and wealth of the nation.
I suspect that the number is far worse than the official telling and likely not as bad as the clickbait doomers say it is, but either way it “ain’t good” in plain Tennessee talk.
No doubt but I just think that 24% number is way off as well. The official numbers only count people actively seeking. There are always those who can’t or won’t find a job.
Why does avoid need a backpack anyway?
Twelve years s of public school and I never had a backpack.
I did have a lunchbox in elementary school.
Hmmmmmm.
And makes you think your bank is safe?
FDIC insurance guaranteed by... The government.
So much debt has been kicked down the road it now has become a roadblock and it’s coming up fast.
Good luck to you and your family.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.