The other shoe has yet to drop . . . rising interest rates. I think it is coming.
I just bought a porterhouse 15 year fixed 3.8 %
It ultimately means a lot less buying (and having).
As Schwab said, “You will own nothing...”
“Car Share” service companies are about to make a lot of money.
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.
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.
“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’....
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.
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.
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.
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 !