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US printing money on top of money for they Coronavirus packages
Posted on 4/23/20 at 3:05 pm
Posted on 4/23/20 at 3:05 pm
How does this impact us once this is over? Raise in taxes? Screw the upper class? More support for the lower class?
What do you think happens?
What do you think happens?
10
Posted on 4/23/20 at 3:08 pm to tduecen
inflation, hopefully we can "flatten the curve" on it but its coming whether we like it or not
Posted on 4/23/20 at 3:08 pm to tduecen
quote:
Raise in taxes?
Middle class will get hammered, as usual.
Posted on 4/23/20 at 3:09 pm to tduecen
quote:
How does this impact us once this is over?
Milk will cost $10 a gallon.
Posted on 4/23/20 at 3:15 pm to tduecen
It will be interesting to see if the fed raises rates to combat inflation
Posted on 4/23/20 at 3:18 pm to tduecen
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Posted on 4/23/20 at 3:24 pm to tduecen
The rhetoric is going to be insane !
If you’re rich, be thankful but don’t flaunt it cause they’re going to vilify the rich like never before as though it’s all their fault that we have 25trillion in debt!
We will have to service this debt so expect higher taxes at least. Cutting in Medicare and or Medicare too. Social security which was a sacred cow likely to get tinkered on the age limit.
The cost of being an American is going up
If you’re rich, be thankful but don’t flaunt it cause they’re going to vilify the rich like never before as though it’s all their fault that we have 25trillion in debt!
We will have to service this debt so expect higher taxes at least. Cutting in Medicare and or Medicare too. Social security which was a sacred cow likely to get tinkered on the age limit.
The cost of being an American is going up
Posted on 4/23/20 at 3:32 pm to tduecen
Why would anyone save money right now. The insensitive to keep cash is basically gone. No interest in savings and even cash under your mattress is getting taxed by inflation
Im waiting for the politicians to actually be called out on printing money. Inflation is a tax on savings. If the Tea Party wing of the Party was smart, they would drive this point into the ground. Republicans like to pretend they aren’t raising taxes but by spending printed money they are taxing savings.
Im waiting for the politicians to actually be called out on printing money. Inflation is a tax on savings. If the Tea Party wing of the Party was smart, they would drive this point into the ground. Republicans like to pretend they aren’t raising taxes but by spending printed money they are taxing savings.
Posted on 4/23/20 at 4:52 pm to IrishTiger89
quote:
It will be interesting to see if the fed raises rates to combat inflation
Would be nice but they are trying to prevent a deflationary debt crisis. We're going to test how large that balance sheet can get without consequences.
Posted on 4/23/20 at 5:27 pm to tduecen
I guess the counterpoint to this is that most of the other major players are printing money like crazy as well
Posted on 4/23/20 at 6:51 pm to tduecen
YouTube secrets of money.
This eight episode series has been incredibly educational for me, specially episode four. This will give you an opinion on exactly what might happen. Episode four does an amazing job at illustrating how the US treasury and banks use this shell game to create money, then how banks lend money using fractional lending.
Every dollar that is created is theft from our assets, and degrades what we have.
This eight episode series has been incredibly educational for me, specially episode four. This will give you an opinion on exactly what might happen. Episode four does an amazing job at illustrating how the US treasury and banks use this shell game to create money, then how banks lend money using fractional lending.
Every dollar that is created is theft from our assets, and degrades what we have.
Posted on 4/23/20 at 7:02 pm to wutangfinancial
What do you think the balance sheet will be at the end of this mess? What are we at now 10 trillion. Think we are staring down 20 trill. Think about if they ever decide to unwind that in future years. Crazy times we are living in
Posted on 4/23/20 at 8:48 pm to thatguy777
So how do you protect assets against inflation? Would investing in property be a good move to keep value of money?
Posted on 4/23/20 at 9:49 pm to Magiklaw
Yes, gold, and real money, not currency , and in things that have intrinsic value. Real estate will always be worth a certain amount of monthly income.
Posted on 4/23/20 at 10:04 pm to tduecen
inflation for sure. Look at how much more metal products cost in the last 10 years after the last major stimulus crap. Look at the cost of vehicles after the cash for clunkers. Wood is a lot higher. ppi is such a manipulated number to hide the real inflation.
Posted on 4/23/20 at 10:41 pm to arcalades
quote:
inflation for sure. Look at how much more metal products cost in the last 10 years after the last major stimulus crap.
you mean an average annual inflation over the last 10 years of less than 2%? Metals shows similar behaviour.
Posted on 4/23/20 at 11:49 pm to arcalades
quote:
inflation for sure
The real concern is massive deflation. It’s already happening. Inflation may eventually be a concern, but not right now.
Posted on 4/24/20 at 9:46 am to thatguy777
My guess before it started was $10T lol
It will never be unwound. Go look at the the past cycle. The pretending is gone too nobody believes they will roll off $6T in debt when they couldn't roll off $600B last cycle without cracking the debt bubble.
It will never be unwound. Go look at the the past cycle. The pretending is gone too nobody believes they will roll off $6T in debt when they couldn't roll off $600B last cycle without cracking the debt bubble.
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