Posted on 02/01/2024 7:22:07 AM PST by Red Badger
👍......................
Meanwhile, we have a govt that can’t even write a budget and live within it for 12 months. It’s a good time to be old. We lived in a golden age that won’t be seen again for a long time.
I think it more likely that the US will inflate its way out
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That’s exactly what will happen. The Fed could simply buy 100% of all Treasuries if it wanted to do so.
He’s donated to both sides. He has some liberal leanings, but I see him as moderate, no that it matters. He’s right about the debt.
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Reading these comments has gotten like reading the liberals that hang around Microsoft Money. No one is looking for solutions, most just look for excuses and who to blame.
My old real estate broker always had the answer when I was young and trying to figure things out: “There’s only one problem, and it doesn’t change until YOU change it because no one else can change it. You don’t make enough money.”
He was right. So I figured out to make more money and everything else fell right into place.
Not long ago Rand Paul replayed the address of Davey Crockett about charity from the treasury. It is not a Constitutional action. They have made providing for the public welfare cover a lot of territory and not correctly.
Why wouldn't anyone expect rape as a way of life for a bunch of third world animals? No skills and no money? Bring them in. Every place I have worked over seas I had to provide a resume, demonstrate need for my job, prove I had a sponsor who would take care of my debts if I failed and provide support for me if needed. Most places I had to also have a ticket back home. We do nothing of the sort here. They have all been labeled refugees from something.
We can complain all we want to, so far. For all the good it does we may as well not. Something more stern and consequential is needed.
We’re already over the cliff, just waiting for the crash.
“We’re already over the cliff, just waiting for the crash.”
Good, been through each one for the last 50 years. The crash is when all the easy money gets made. I’m already watching my target area.
People can’t afford cars and houses.
The TWO major things that drive an economy.
Biden is a fool....................
If the US loses reserve currency status over our debt your “easy money” scenario might not be so rosie.
The economy is growing at 3.3%. Consumer spending and sentiment is up. Cash in banks is high. I’ve watched this cycle for 50 years, what’s happening now is what always happens.
The group people who never prosper are the ones worse off than ever now and there are more of them these days. There are also more relatively wealthy people than ever. It’s all about knowledge, and that is in short supply because it isn’t taught, you have to learn it on your own.
The split between haves and have nots is growing, the middle class is shrinking as people leave it in both directions.
That is the stuff that revolutions are made of................
A dance to the tune of economic decline
Is when you do the bottom line
Nagging questions always remain
Why did it happen and who was to blame?
-Big Audio Dynamite
Dammit, I misplaced my /sarcasm tag!
Another trope I’ve heard for 50 years. Don’t leave out the Collapse of all Collapses, ending with all the preppers ruling the world with their spam and little piles of Gold and Silver.
What this really is, is the thing that Booms are made from. The next one starts late this year. Will you be ready to take advantage?
I’m too old to ‘take advantage’. Any investments at my age would be risk averse types.............
The American Dream has been stolen from you.
The risk inherent in not taking risks is the biggest risk of all, FRiend.
“The American Dream has been stolen from you.”
A higher percentage of people are living the dream right now than ever. Please stop being media/govt victim. Beaten down and having given up is exactly where they want you.
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