The inflation is deliberate. Now, folks will HAVE to finance to buy some things.

Thinking about it | 15 July 2021 | Mene Mene Tekel Upharsin

[MeneMeneTekelUpharsin]

Simple concept. Inflation = a lot more financing.

[Dr. Sivana]

The other shoe has yet to drop . . . rising interest rates. I think it is coming.

[al baby]

I just bought a porterhouse 15 year fixed 3.8 %

[dfwgator]

Welcome Back, Carter.

[9YearLurker]

It ultimately means a lot less buying (and having).

As Schwab said, “You will own nothing...”

[1Old Pro]

I just bought a porterhouse 15 year fixed 3.8 %

That's stupid, use a HELOC at 2.9%

[NEMDF]

Just be sure to cook it carefully and enjoy it, since you’ll still be paying for it in 2036!

[ronniesgal]

get a new butcher.

[al baby]

cant get a heloc on a tundra with a camper shell

[BipolarBob]

If you can afford a porter and can house/pay them, you’re doing okay.

[Roman_War_Criminal]

“Car Share” service companies are about to make a lot of money.

[Alberta's Child]

Maybe so. In many cases it’s the LENDER who ultimately gets screwed. If you’re paying off a mortgage at 3.5% and the Fed is reporting inflation of 5% that’s probably half of the real inflation rate, then you should theoretically borrow as much money as possible and pay your expenses as slowly as you can.

[gundog]

I’ve got a ham on layaway. I figure I can get away with it with cured meats.

[Renfrew]

Indeed. The mortgage is one of the yoke’s of individual freedom. No one owns anything.

No one opposes the Marxists, because it will cost you your job, and with a couple of missed mortgage payments your family’s home.

[Teacher317]

Well I got a hot dog for 16 cents less... but with fees and interest, I’ll be paying for it for 11 more years... and then the new taxes on top of that...

[Dilbert San Diego]

LOL. I like the reference to the old TV show, “Welcome Back, Kotter”, which was on TV during the Carter years.

Some younger people here might not get the reference.

[dfwgator]

There was also a show called “Carter Country”.

[Dilbert San Diego]

Yep I remember Carter Country also. I think it was a sitcom about a southern town police department. I am sure it was no coincidence that it was a southern town, Jimmy Carter was from the south, and they named it Carter Country.

[al baby]

[MeneMeneTekelUpharsin]

No one opposes the Marxists, because it will cost you your job, and with a couple of missed mortgage payments your family’s home.

Few realize how really bad things are becoming and the hardships we are about to suffer.