Not good
1 posted on
07/23/2023 10:05:00 PM PDT by
cba123
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To: cba123
Rubinstein. Look in the mirror.
2 posted on
07/23/2023 10:09:16 PM PDT by
nwrep
To: cba123
“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.
3 posted on
07/23/2023 10:12:42 PM PDT by
ProtectOurFreedom
(We are proles, they are nobility.)
To: cba123
Communist coups carry catastrophic consequences comrades.
4 posted on
07/23/2023 10:15:18 PM PDT by
Manic_Episode
(A government of the government, by the government, for the government)
To: cba123
5 posted on
07/23/2023 10:15:53 PM PDT by
montag813
To: All
How do rich people deal with inflation?
Can ordinary middle class people mimic the rich people in this regard?
(Physical gold??)
6 posted on
07/23/2023 10:16:18 PM PDT by
SteveH
To: cba123
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.
To: cba123
And all the talking drones of the democrats will say, in unison, “Trump’s tax cuts for millionaires and billionaires.”
8 posted on
07/23/2023 10:26:19 PM PDT by
Organic Panic
(Democrats. Memories as short as Joe Biden's eyes)
To: cba123
It’s almost as if our nation’s leaders are all being controlled by our enemies.
11 posted on
07/23/2023 10:38:37 PM PDT by
The Duke
To: cba123
13 posted on
07/23/2023 10:43:29 PM PDT by
Dogbert41
(“Blessed are the peacemakers, for they will be called children of God” -Matthew 5:9)
To: cba123
15 posted on
07/23/2023 11:36:20 PM PDT by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: cba123
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.
16 posted on
07/24/2023 12:08:02 AM PDT by
Mark17
(Retired USAF air traffic controller. Father of USAF Captain & pilot. Both bitten by the aviation bug)
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?
18 posted on
07/24/2023 12:14:10 AM PDT by
Gene Eric
(Don't be a statist!)
To: cba123
To: cba123
21 posted on
07/24/2023 2:36:59 AM PDT by
parmamenian
(and so it goes!)
To: cba123
This is what happens when government spending represents 42% of your GDP.
To: cba123
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?
24 posted on
07/24/2023 3:31:44 AM PDT by
P.O.E.
(Pray for America.)
To: cba123
Pocket change compared to the $32 trillion dollar debt and $200 trillion plus unfunded liabilities debt
25 posted on
07/24/2023 3:46:41 AM PDT by
maddog55
(The only thing systemic in America is the left's hatred of it!)
To: cba123
After surpassing the $32 trillion mark on June 16thLooks like we'll easily hit $33 trillion this year if not this Summer.
31 posted on
07/24/2023 4:26:43 AM PDT by
Pollard
(The USA has political prisoners!)
To: cba123
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.)
33 posted on
07/24/2023 4:29:48 AM PDT by
Sooth2222
(“Toute nation a le gouvernement qu’elle mérite.” /"Every nation has the government it deserves.” )
To: cba123
35 posted on
07/24/2023 4:41:20 AM PDT by
sauropod
(Sun Tzu: “The supreme art of war is to subdue the enemy without fighting”)
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