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Posted on 05/16/2021 9:16:11 PM PDT by RandFan
Tucker Carlson and Peter Schiff discuss the consequences of more printed money chasing fewer goods. Recorded 5/12.21 on Fox News.
Video...
Or fewer people with/or less buying power not chasing/ buying goods.
Stag-Deflation.
Stag-Deflation.
EXACTLY.
People who don't study history are doomed to repeat it. People who DO study history are doomed to watch helplessly while everyone else repeats it.
Lived through it once and survived. I guess I can do it again. I'm better prepped this time - own my house and car free and clear, live in a very low tax area, no credit card debt, no wife, kids are on their own.....
Right now the inflation is in assets as the rich try to move out of cash into real assets.
Inflation in other areas depend on velocity of money, which partially depends on whether people feel confident enough to spend.
So, he didn’t say, but what’s the hedge against this? Buy another house?
Not another house...50 years ago in Oakland California,the libs pushed through a ballot that every house HAD TO PUT HOMELESS IN THEIR SPARE ROOMS....It got shot down,but would it this time in 2021??????
Good God! That’d be a nightmare! Okay, that settles it: We’re buying unimproved land in Grizzly country, Alaska. Want me to allow homeless leeches to pitch their tent on our property at no charge? No problemo.
I could see us hitting the stag-flation point by the end of 2021, and 2022 being an awful rough year (unemployment giving off wild numbers across the board and not making any sense). With Biden around, little to nothing would occur to correct the mess. Probably would start to see some ending by the middle of 2023 (long way away).
“…With Biden around, little to nothing would occur to correct the mess….”
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Are you kidding me… Biden and his puppet masters both MADE THE MESS and are planning to do everything possible to make it worse… FAR WORSE. They intend to destroy an independent, sovereign America.
“They intend to destroy an independent, sovereign America.”
Biden is too clueless to ‘intend’ to destroy America. He thinks America needs him. He’s always been delusional and narcissistic.
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We’re not dealing with Biden...
Are you kidding me… Biden and his puppet masters both MADE THE MESS and are planning to do everything possible to make it worse… FAR WORSE. They intend to destroy an independent, sovereign America.
It’s not as if Biden is thinking with a long term perspective on things - if he is thinking at all.
He might be right, but Schiff has been claiming that hyperinflation is just around the corner for decades now.
My father who lived through the depression said the only thing worse than inflation was deflation.
You cant sell your house because every week the price gets lower.
Buy another house, that’s what I did.
Most of it was with cash, and a third of it was a thirty year mortgage at less than 3 percent interest.
The price of the house, same models on the same street, has gone up five percent since I signed the contract.
The money I kept by getting the mortgage is making 5 percent or better.
Biden and Harris have damaged the country in 4 months. What will they do in 4 more years?
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