Posted on 07/15/2021 8:23:47 AM PDT by MeneMeneTekelUpharsin
Has it occurred to anyone willing to tell the truth that the inflationary situation may actually be deliberate. Now, a lot of things for which people could have paid cash, they will have to finance to be able to afford. I believe this to be on purpose.
It is going to ruin people financially. The Bible says, "The borrower becomes the lender's slave."
There is a scripture that covers some aspects of you post....
Proverbs 28:8 8 “He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.” It sounds like a socialist message or at least a verse that marxist minded Christians might seize upon but I think the key is “unjust gain” via usurous interest rates.
The uber-rich anti populationalists want their cake and eat it but money can concentrate in a few hands only for so long before the imbalance gets too unbearable for the populace and wars and revolts happen.
Sometimes if you follow the money, you find a worried rich psychopath at the other end trying to screw over governments and everyday people in trying to steal and keep what was never his by means of deceit. Unfortunately enough of such monsters gathered in the wrong places can warp and destroy countries.
“Inflation” is part of the chaos plan...
Financial instability happened in Venezuela, Cuba, China, North Korea and every other commie hellhole as it was becoming a hellhole.
Starvation is also a commie tactic.
Destabilize then ‘commie takeover’....
actually PROPERTY TAX is the yoke.....pay off your house, and you still don't actually own your home.
“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.”
Absolutely.
Inflation favors the borrower.
As the holder of a 2.0%, 30 year mortgage, inflation looks good.
For now.
Here is another DNC goal for inflation. As the cost of living soars at 8%, wages don’t. Employees get discouraged by lack of wage increases. This helps unions in their goal to unionize more businesses.
I financed a vehicle once when we were first married and had a kid on the way. It broke down and was something I couldn’t diagnose because I didn’t know about the computer stuff so I had to go out and buy a $250 car that had no reverse which is what we ended up driving to the hospital and brought our son home in. I had to push it backwards out of the parking spot. I now know all about the computer stuff and own a scan tool and can diagnose newer cars.
Never financed another thing except this property which is a fixed interest rate.
I just went to the grocery store yesterday and bought a few things. Two bags, $45.45 — My wife stopped for a few things this morning. Girl stuff mostly. One bag, $50.00.
Yes it’s on purpose and the purpose of everything they’re doing is to collapse the USA. It’s the Marxist’s/Communist’s stated goal. Only after the collapse of the US can they create their global socialist/communist utopia where everyone’s equal(except for the elite) The rest of us will live equally miserable existences.
LOL!
What won’t inflate is the income cutoffs for tax brackets. Hence inflation causes bracket creep. Higher income means higher wages which shoves workers into higher tax brackets hence more money to the government.
Eat that steak slowly...
Also, inflation is government’s way of silently robbing Americans’ savings.
Unlike Cypress, where the government just seized accounts, inflation allows the government to simply take some of your savings as they devalue it with what they print and spend.
The only winner in Musical Chairs is the guy who controls the music.
That’s why, tonight, I want you to try to look for in inflation, an entirely new word: Inflation is our friend.
For example, consider this: in the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean – most Americans will be millionaires. Everyone will feel like a bigshot. Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! But what about people on fixed incomes? They have always been the true victims of inflation.
That’s why I will present to Congress the “Inflation Maintenance Program”, whereby the U.S. Treasury will make up anyinflation-caused losses to direct tax rebates to the public in cash. Then you may say, “Won’t that cost a lot of money? Won’t that increase the deficit?” Sure it will! But so what? We’ll just print more money! We have the papers, we have the mints.. I can just call up the Bureau of Engraving and say, “Hi! This is Jimmy. Roll out some of them twenties! Print up a couple thousand sheets of those Century Notes!” Sure, all these dollars will cause even more inflation, but who cares? Everyone will be a millionaire!
even once it’s paid off the property taxes keep the yoke on.
there are young people on FR? had no idea.
Yes. Inflation benefits only the government. It destroys life savings, rendering people who have worked hard to save some money penniless. It makes the “economic indicators” go up, leading the weak minded to think that everything is going well.
It doesn’t bother the ruling elite, which gets automatic pay raises.
Wrong idea.
With high inflation - we WANT to finance.
We get a fixed price, and we pay with cheaper future dollars !
Very good post.
Yes there are. They are only in their 60’s. hah
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