[cba123]

Not good

[nwrep]

Rubinstein. Look in the mirror.

[ProtectOurFreedom]

“The only alternative is to inflate your way out.”

That is absurd and doesn’t work. In a high inflationary environment, everything the government purchases soars in price. All recipients of social security and transfer payments demand COLA adjustments. So government expenditures soar and you keep chasing your tail. Sure your current debt obligations get paid with devalued dollars, but that doesn’t cover current expenditures.

[Manic_Episode]

Communist coups carry catastrophic consequences comrades.

[montag813]

[SteveH]

How do rich people deal with inflation?

Can ordinary middle class people mimic the rich people in this regard?

(Physical gold??)

[Right_Wing_Madman]

So we’re going to inflate our way out

This is typically how paper systems are sorted out in the end. If Congress or the President tell Powell and Federal Reserve Board to print more money right now, he will say no. But if several banks become insolvent at once, the Fed will print dollars, many dollars.

[Organic Panic]

And all the talking drones of the democrats will say, in unison, “Trump’s tax cuts for millionaires and billionaires.”

[The Duke]

It’s almost as if our nation’s leaders are all being controlled by our enemies.

[Dogbert41]

Digital currency.

[SaveFerris]

Zimbabwe here we come!

[Mark17]

Rubenstein says America’s economic fundamentals are setting the stage for a mounting clash between those who have wealth and those who don’t.

The elites think they can just retreat to their bunkers, and it won’t affect them. I think the people will find them, no matter where they are.

[Gene Eric]

Scumbags at the expense of US sovereignty sucking at the teat of the US taxpayer — current and future.

Should those scumbags be stopped by any means necessary?

What would CIC George Washington do?

[Chad C. Mulligan]

It’s worse than that,

https://market-ticker.org/akcs-www?post=249340

[parmamenian]

It’s called Bidenomics.

[Free Louie]

This is what happens when government spending represents 42% of your GDP.

[P.O.E.]

Hyper inflation will allow the big players to pay off debts, and wipe out the rest of us. Guess whose side the government is on?

We don’t really have to guess, do we?

[maddog55]

Pocket change compared to the $32 trillion dollar debt and $200 trillion plus unfunded liabilities debt

[Pollard]

After surpassing the $32 trillion mark on June 16th

Looks like we'll easily hit $33 trillion this year if not this Summer.

[Sooth2222]

David Rubenstein says the US can only manage its ever-increasing pile of debt with inflation, which will further expand America’s income inequality gap.

“When I left the White House under President Carter,

This is news? When I was in High School, a new VW cost less than $2000. A house could be purchased for $20,000.

Governments have been spending more than they can afford and paying for it with inflation since the Romans.

The US still hasn't paid off the Civil War debt (the first one).

(That "income inequality gap" is a "knowledge inequality gap" and wasn't helped at all by shutting down the schools during Covid.)

[sauropod]

Agreed.