I'm still waiting for the 2010 crash that he predicted and that I prepared for in 2009.(SOB!)
It's even worse. Inflation automatically leads to a "wage-price spiral." At 10% per annum inflation, the purchasing power of a dollar is cut IN HALF in only six years. So wages will have to double to maintain your earnings in real terms.
But tax brackets won't be adjusted for inflation (or will slowly adjust), so you will be pushed into a higher tax bracket. The people Biden says won't pay any new taxes will find inflation and the wage-price spiral has pushed them into the new brackets where you are heavily taxed.
The bastard is evil. He knows exactly how this inflation will hit the poor, the middle class, and how people will be shoved into higher tax brackets.
bookmark
There’s the crisis that I foresaw. As the chinese virus slinks off to parts unknown, the dems need a new crisis. This one has been brewing since Puppet Man and Jezebel took office in the White House.
Expensive gas, food, housing, everything. But never fear! Your Government will swoop down from Heaven and solve the problem and save the human race! They will “solve” the problem they created by issuing more dollars, further diluting the value of the currency, and making everything more expensive. Then Puppet Man will announce special money that goes only to slaves, or anyone who has a dark skin shade and feels like a victim of slavery, paid for by additional taxes on productive citizens.
So 2020 will be looked upon as the good old days?
If the cpi is going to be up to 6% rents tied to the cpi will increase, the over 65 Apts, mobile home parks have rent tied to cpi.
bmp
The only people who like inflation are those who are holding a huge amount of debt. Let me think. Who’s holding the biggest debt in human history by a large margin...
The Government Class is inflating their way out of their unimaginably massive debt. They don’t care what problems that creates for the people. This is a government of the government, by the government and for the government. Their problems, their fortunes and their bullshit is all that matters to them. The people are nothing but useful slaves to them, that is, as long as they don’t get uppity.
Schiff is a perma-bear and has been wrong about every major prediction he has made for the past 10 years, but I am sure that now he is right, LOL.
Would love to have Freepers invest in my renovation deals (”fix ‘n’ flips”). I pay 10% per annum, and it’s secured by the property itself. My investors get paid before I make a dime. The more investors I have, the more deals I can do. Better than the stock market, in my opinion.