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Started By
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BOA says it OUT loud and Bloomberg is saying it. "Start of Entrenched High Inflation"
Posted on 3/17/23 at 9:40 am
Posted on 3/17/23 at 9:40 am
quote:
Jonathan Ferro
@FerroTV
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
5:34 AM · Mar 17, 2023
·
43.3K
Views
LINK
This post was edited on 3/17/23 at 9:45 am
14
Posted on 3/17/23 at 9:42 am to Jjdoc
Not looking good at all.
The subversive plan to bailout U.S. oligarchs by nationalizing U.S. banks is going to be very painful.
The subversive plan to bailout U.S. oligarchs by nationalizing U.S. banks is going to be very painful.
Posted on 3/17/23 at 9:43 am to GumboPot
quote:
Not looking good at all.
The subversive plan to bailout U.S. oligarchs by nationalizing U.S. banks is going to be very painful.
But the back patting, Crammer worshiping, Motely Fools graduates on the money board say everything is fine.
Posted on 3/17/23 at 9:47 am to Jjdoc
Higher interest rates in and of itself are beneficial; especially if it can curb the out of control inflation.
There should be a penalty for borrowing money and there should be an incentive for saving it.
There should be a penalty for borrowing money and there should be an incentive for saving it.
Posted on 3/17/23 at 9:48 am to GumboPot
Hard to believe how far things have fallen in 3 short years.
This has all been done with purpose however.
Joetato serves as the bumbling, old, doddering front man whose incompetency almost serves a perfect softening cover for some very planned and deliberate actions.
This has all been done with purpose however.
Joetato serves as the bumbling, old, doddering front man whose incompetency almost serves a perfect softening cover for some very planned and deliberate actions.
Posted on 3/17/23 at 9:49 am to El Segundo Guy
quote:
Higher interest rates in and of itself are beneficial;
That isn't even the topic. WOW!
Posted on 3/17/23 at 9:50 am to GumboPot
quote:
Not looking good at all.
Who knew that appointing unqualified idiots at every cabinet position would have a down side?!
Posted on 3/17/23 at 9:57 am to DaBike
Amazing how the media changed the definition of a recession to help Biden - we've been in a sessions for a year.
Posted on 3/17/23 at 10:01 am to Jjdoc
BOA telling street level Americans what many already know and saw coming since the Financial Meltdown of 2008/2009.
Posted on 3/17/23 at 10:06 am to Jjdoc
Just remember…the middle class pays for:
Food of lower class
Mistakes of upper class
Food of lower class
Mistakes of upper class
Posted on 3/17/23 at 10:10 am to Eli Goldfinger
Destroying the Middle Class is the Marxist Wet Dream. It was the one thing Marx couldn’t account for in Capitalist economies.
Posted on 3/17/23 at 10:26 am to GumboPot
Painful for us but not for them. This is to collapse the west and bring in digital currency. Welcome to enslavement worse than it already is.
Posted on 3/17/23 at 10:32 am to Jjdoc
The "Start"? The START? Where the hell have they been for the last 18 months?
This shite has been going on now for a while and is only getting worse. But hey, we have the most diverse clown show ever in charge so there is that.
The only way out of this pretty soon is going to be WWIII but I am not sure we have the stomach to win that.
God come quickly to our judgment.
This shite has been going on now for a while and is only getting worse. But hey, we have the most diverse clown show ever in charge so there is that.
The only way out of this pretty soon is going to be WWIII but I am not sure we have the stomach to win that.
God come quickly to our judgment.
Posted on 3/17/23 at 10:35 am to Revelator
quote:
Who knew that appointing unqualified idiots at every cabinet position would have a down side?!
At least they are diverse, I've heard there is strength in that
Posted on 3/17/23 at 10:37 am to Jjdoc
Are you telling me that this inflation is so entrenched that even the government spending hundreds of billions of dollars to fight inflation will be futile?
I'm shocked.
I'm shocked.
Posted on 3/17/23 at 10:38 am to GumboPot
quote:
Not looking good at all.
The subversive plan to bailout U.S. oligarchs by nationalizing U.S. banks is going to be very painful.
They already did it once in '08. It's time to start letting these businesses fail and these investors take the hit.
Posted on 3/17/23 at 10:38 am to Mid Iowa Tiger
quote:
This shite has been going on now for a while and is only getting worse. But hey, we have the most diverse clown show ever in charge so there is that.
The only way out of this pretty soon is going to be WWIII but I am not sure we have the stomach to win that.
God come quickly to our judgment.
But they stopped the mean tweets, so totally worth it.
Posted on 3/17/23 at 10:42 am to Jjdoc
The de facto destruction of Cash. Of course, the flee to gold will occur, but that will be nullified by Digital Currency.
Posted on 3/17/23 at 11:47 am to Jjdoc
Joe is going to do a national tv announcement that it was Trump’s fault and he’s got a plan
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