Posted on 06/08/2021 10:25:33 PM PDT by 11th_VA
“At least Social Security will get a good pop this year.”
Perhaps. That’s if the formula is adhered to. But, the stats from the 2020 election show that President Trump got the OVERWHELMING ELDERLY vote. Don’t think the dems are not aware of this fact.
Elections have consequences. Stolen elections spell disaster.
Killing the elderly would be their solution
“Unexpectedly....” money is like everything else, if you have a mountain of it then it becomes too common to be worth much.
derivatives..tick...tick...tick
Unfortunately, like a drug addict, the only cure for inflation is the pain of withdrawal. The full effect of the bloated money supply is only now being felt. It’s going to get pretty bad, somewhere around 30%/yr since that is the rate of the expansion.
With consumer price inflation going total socialist crazy, SS recipients are going to need much more, just to remain where they are now in purchasing power.
But if this thing gets going, the standard of living will plummet, and they will starve.
The left has no moral boundaries, and this is arguably part of the larger plan.
I went to Publix tonight. It’s never had the best meat prices, but I was shocked to see rib eye for 18.99 a lb in cheap old FL.
There is going to be a lot of dead beef in the dumpster this week. No one where I live will buy that.
Bttt
Globalists preparing us for thier reset.
They will try but I predict most of them will be “reset” themselves in a Biblical sense.
Deutsche Bank’s trying to assure everyone of its indispensibility.
https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601
[snip] Germany’s biggest lenders, Deutsche Bank AG DB -1.06% and Commerzbank AG CRZBY -1.07% , have told new customers since last year to pay a 0.5% annual rate to keep large sums of money with them. The banks say they can no longer absorb the negative interest rates the European Central Bank charges them. The more customer deposits banks have, the more they have to park with the central bank. [/snip] [March 1, 2021]
Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake
Ya reckon?
This GNS moment brought to you by....
HP Printer Inks...when only the best will do to print more of your money.
Doesn’t say much for Deutsche Bank that it took them this long to say it.
You mean to tell me they had nobody on staff who knew about the Weimar Republic’s wheelbarrows of cash?
I’m Praying America is spared hyperinflation. With the Biden regime in charge I don’t think I can pray hard enough. Assuming we are lucky enough to escape with a relatively mild case of 70s inflation, what spiraling effect would that have on the world economy?
Makes one almost believe the conspiracist’s view that Trump allowed Biden in the WH to avoid being blamed for the inevitible collapse of the dollar.
Correct. "No COLAs for you!!!"
One way to give SS an appearance of solvency is to inflate it away. Increase the money supply so that revenues appear to be larger, but hold the line on SS payments. Starve the old people - the ones that didn't die of WuFlu like they were supposed to.
Of course the commies will want to raid 401Ks that float on the tide of inflation just to be "fair".
Ping
🇺🇸👍
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