The Economy

Discussion in 'Politics' started by LostBegonia, Oct 4, 2023.

  1. Nobody can buy anything because we're not earning enough money
    Because nobody can afford to pay us
    Because nobody is buying things
    Because we'r not earning money
    Because nobody can afford to pay us
    Because nobody is buying things
    Because nobody can afford to buy things

    it's like that folksong about the hole in the bucket. I don't know what the solution is.
     
  2. The solution is always the same eventually they will inflate the currency away and start over. A reset if you will.

    It will end in absolute tyranny or the freedom that made us so prosperous to begin with.
    RD
     
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  3. well then I wish they'd hurry up with it so I can afford stuff
     
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  4. The things is, if everything works o it as planned, you won’t have ‘stuff’ to buy

    And why u need to buy that stuff anyways?

    they will question ur purchases
     
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  5. mortgage rates by decade.jpg

    how soon we forget.
     
  6. The last time interest rates were this high was in 2007 just prior to the GFC or Great Recession. Before that we have to go back to 2000 when interest rates were 6.25%, this preceded the dot com crash. Mortgage applications are at a low not seen since 1994.

    What makes this time exponentially worse is the US national debt at 33.7 trillion dollars. By the end of fiscal year 2023, the interest owed on the national debt will be the single largest expenditure in the US budget. This has never occurred before in our nation’s history.
    RD
     

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