Posted on 05/17/2023 10:36:10 AM PDT by RomanSoldier19
You’re not wrong.
possible suggestion from the ‘80’ and ‘90’s....
with all this doom kaboom tribulation end is coming from doapboxes around the country ...
in those days, pastors were telling their congregants to rack up their card balances, paying the dubious $5.00 a month, leaving all that credit mess for the left behinds to try and straighten out!
just might that be happening now too?
“They” say increasing wages pushes up inflation. Well no one I know ( including moi )is getting COLA raises and inflation is through the roof. So much for that theory.
Another scam bailout coming....probably targeted. They like to pick winners and losers.
probably so-
Its the inflation that pushes wages higher....not high enough to overtake the inflation rate of course......
Jao Bai-din will forgive their debts like college loans. Can’t let the “too big to fail” banks actually fail.
That comes out to probably $5K average for every adult in the U.S.
No now. Wages are flat and inflation is still cooking.
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
Wages will contract again as inflation wanes and recession creeps in
We only have 9 years left anyway.
Hard times are coming. And for those who think the past few years were rough, you ain’t seen nothing yet.
Elon Musk spoke about AI and robotics in their annual stockholders mtg a couple days ago. He expects Tesla to make most of their profits from their humanoid robots, and predicts they will sell billions of robots. Not just millions, but billions. Doing work that humans were doing. Some already at work in their factories. They won't need to pay for food, housing, sundries, etc. unlike the humans they replace.
Occupy Wall Street did this as a tactic. Just wonder how badly it affected the banks?
SkyNet
IF you own the property you are in-—
IF you sell such property-—
IF you are married——
UP TO $500,000 of capital gains are forgiven in capital gains taxes...SO IF you make a gain of $400,000-—that $$$$$ is yours -MINUS any mortgage you owe-—and you use that $$$$ to buy elsewhere.
If SINGLE-—AMOUNT is $250,000-—TALK TO CPA.
I sold my Calif property in fall of 2004.
MY capital gains were just a smidge under $250,000—I am single. I bought my current property for CASH in 2005.
OWN IT ALL-—ADDED garage & fencing.
Also own all vehicles.
Current property taxes are about $800 a year. Prior property taxes around $4000. House insurance is about $900. Power bills are about $85 a month.
Have paid credit cards down to about $1000. Will have no balance at end of June.
If you just increase your “debt limit” then there is no problem to keep spending on credit. Call up your credit card companies and DEMAND they give you a higher credit limit or you will default...
What state did you move to?
Due to cash flow crunches once in a while I have had some credit card interest. But our main debt beyond the mortgage is our line of credit. It would be foolish to not roll credit card debt into a LOC. But of course even LOC interest rates have increased making it less manageable.
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