building up cash reserves translates to becoming a big fat economic fall guy, because the dollar is shrinking and cash reserves therefore lose value at the rate the dollar is shrinking.
A 30 year mortgage will not do any good unless one has a stable source of income. I would submit that there is no such thing as a stable source of income these days. The closest thing might be a government pension, but it is impractical for everyone to snap their fingers and get a government pension.
A full pantry is the best savings account.
Stocked pantries are the best idea, but it's almost too late to do it economically!
But, fearless leader is going to Memphis Monday to have a fundraiser... and maybe see the flooding!
Memphis:
Black/African American population: 61.1%
White/Caucasian population: 33.6%
Hispanic/Latino: 3.0%
(Map of the 1927 flood!)
Don’t bet on that.
One of the long-term goals on the Left is the Guaranteed Income. We already have it with the subsidies for the unemployed, the poor, the disabled. Next, it could well be proposed and passed to do something similar for the elderly with minimal SS, easily done by increasing SSI while reducing SS for someone else. If we follow the UK, it could then be extended to all university students, “school leavers” and those _looking_ for jobs, even if they have never held one.
This would be done by taxing every productive portion of society and by disallowing all SS payouts to anyone holding over a set amount of assets of any sort. These will be nothing like the sort of Federal pensions people see today after working for them. Some existing Federal pensions could also be set lower in the future to *pay* for the scheme.
People are, I think, betting that the Federal government will do anything and everything they can to keep the dollar just strong enough so that cash retains some value. They have to buy off the upper economic tier, somehow, at least in the relative short term.
I will bet that somewhere in some NGO, someone is preparing a proposal to institute guaranteed income subsidies to anyone who needs to refinance, but lacks the income to qualify. They are already still trying to force the banks to give mortgages to anyone who applies. By guaranteeing the income of these applicants, they, in effect, just buy the mortgage for them. They already do this for renters, via Section 8 and HUD. Again, as in the UK, the subsidized *council house* is taxed, so the net subsidy is actually lower than initially quoted. I get dizzy trying to understand this sort of system, but it looks to me as though they could make it work for a decade or so and that would be enough for them to implement a full-on socialist state. Think of how many government workers it would take to keep this money train rolling around the country, giving the illusion of the fabled *multiplier*.
Put nothing past the Left. How much have zerO and the donks accomplished in just three years that we thought was impossible and crazy-sounding in the beginning?