Posted on 11/25/2022 1:59:59 PM PST by entropy12
This is a direct result of savings accounts being drained because of Bidenflation. We’ve simply run out of cash. And good luck trying to liquidate your fun, expendable assets, like boats, motorcycles, and RVs, because most people can’t afford to buy them.
US Treasury debt now 150% of GDP. Which means government can not pay off any part of principle. Annual budget deficits are running multiple Trillion dollars now. US Treasury is currently paying out Billion dollars every day of the year in interest payments. That will soon double or triple due to federal funds interest rate jumping from less than 1% to reaching 5% in 2023.
(Excerpt) Read more at pjmedia.com ...
In two years I renew my rate. Not looking forward to it. For the mortgage that is.
Dems and media are pushing that things are getting better day by day-—stock market up this past week, people to travel in record numbers, total employment up and gas prices still going down to people’s relief.
We have better have a big recession that hits these morons hard or they will bring the biggest electoral landslide in history to sink America.
They have to suffer. Or we the good people will.
He’s heavily invested in credit card companies
Anyone have an idea what the real inflation rate is? I sure don’t believe 8 percent.
There will be a world of hurt more come January credit card bills.
The price on a typical suburban house is about 26 times as much as it was in the early 1970s. Some things have got to give. Policy changes and force of increasing interest rates will do it. But it’s going to be a long, unimaginably painful process, unless much upward building is completed soon.
Consumerism supported with debts and import business riding on debts are also about to take a long, drawn out fall. Look for tax hikes in the near future.
Not accidently, Biden is from Delaware, corporate heaven.
High interest rates mean high profits for lenders.
Black Friday
The day when the most useless merchandise is hawked the hardest.
I was looking at Santa Barbara motel room prices - Motel $200, up from $6 around 1960.
With a 60-year-old house you have an almost undeniable opportunity to replace almost everything.
Joe Biden received 81 million votes. Election fraud.
Not Gen Xers. We’re actually working and paying for everything now
Um-hmm.
(US Treasury debt now 150% of GDP. Which means government can not pay off any part of principle.)
Don’t worry, the higher interest rates will fix all of that.
🙄🙄🙄🤣😆😂😜🤪
(That will soon double or triple due to federal funds interest rate jumping from less than 1% to reaching 5% in 2023)
2023 - Biden Depression II
📉📉📉📉↘️↘️↘️
(If you wanted to deliberately sabotage our economy the playbook would look a lot like what we are doing right now.)
You could have just written:
“Voting Democrat”
(It will be global in scope)
I think so too
Which is another reason I think World War IV is coming
Yeah, but in 1960 they didn’t have Wi-Fi.
On old houses, yes. And many houses a few years older than that (balloon frame) and on soft, wet soil are best dealt with as complete demo and build jobs.
Earlier than 1940s builds, that is.
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