Start buying homes. When your salary increases to $100 billion per year, your mortgage will be inconsequential.
I’m really still having a difficult time getting my brain around what is happening. Not that I don’t believe it, but it’s still hard to believe. I would sure rather witness good history instead of bad.
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They want it because they can destroy all the wealth you have worked your whole life to acquire and then you will become a ward of the state and vote Rat forever.
Ancient Rome did the same thing as well as other civilizations through out history.
Many AMericans converted their entore investment portfolios to Canadian Dollars 3 years ago ad have realized a cool 20 per cent gain in their estate.
Yes, there is no question about it.Monetizing the debt is exactly about debauching the US dollar. The Chinese do not like it one bit.
Inevitably we will have hyper inflation, and by then many Americans will be following their international investments abroad, exiting the country to live elsewhere in freedom and with good health care they pay for themselves. There is not much else they can do as the nationalist socialists take over our free economy and reduce the liberties of a free nation.
A similar dyamic drove our ancestors away from Europe to these shores. Now we descendants must yet again move on seeking freedom and peace.
We had aggressive inflation in the 60s and 70s when liberals ruled the roost- I suspect that they’d like the same now.
The main problem now with doing that now is that China and other foreign powers hold large amounts of the government’s debt, which is denominated in US dollars. That matter would definitely have to be addressed I would think.
The only problems with the idiot Keynes’ points:
1. Inflation does not affect people arbitrarily. Those who get and spend the money first, benefit the most from it. Every time it changes hands, the new recipient of the money has less purchasing power and ends up paying more for it. It is usually the richest who get the money first and the poor who get it last. So, it is actually the poor who are most affected by inflation, both in the short-term and in the long-term, as they end up paying higher prices on a long-term bases.
2. We are potentially facing a unique situation where we see an inflation in all necessary products (combined with the elimination of nearly all non-essentials) and a deflation of things like income and home values. This double-edged sword will cause a more rapid and deeper depression than anyone is familiar with.
Keynes is an idiot, but even he, in an open letter to FDR in the NYT 1933, politely called FDR a moron for trying to implement reform and recovery. Keynes’ goal was to first recover and then skim some profits off the top to pay for reform. FDR didn’t listen, and thus we have Obama.
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