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Ol Hickory's avatar

Once one realizes their only goal is to extract every ounce of wealth left from the middle class, everything begins to make a lot more sense

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Carter's avatar

It won't just be "middle class"- most of those folks are already working poor, just taking out debt to pretend they are still middle class. What is coming will take out everyone but the billionaire class and those who don't have assets denominated in USD (hard assets)

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Ol Hickory's avatar

As Greg says the lower class is done already. They don’t even have wealth left to steal from

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Carter's avatar

Indeed. Middle class is just about there once the currency hyper inflates. It would only take another 20% inflation to eradicate the middle class fully. Massive inflation is how this is done when communism/fascism gets install din a country as it changes govt/economic/cultural systems. It is the great wealth transfer.. everyone goes broke because the currency they have their wealth denominated in becomes worthless. Central banks love this tactic.. and we know they want an end to all private property- homes, retirements, land, stocks. We know the end game is CBDC Easy to see what they will do with the "currency"

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G. Wayne Wylie's avatar

Thanks Greg!

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Valerie Jenkins's avatar

I heard you on credit unions! You go Greg!

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Rich Mohlmann's avatar

Be ready... I'm tired of being ready

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Carter's avatar

It is a very slow suffering process. Each income level has to be flooded with debt and go broke as the water rises. We are now up to where a single earning 70K is now unable to survive alone on that income. In 2019 it was 50K, next it will be 100K (55% report at that level being late on bills and paycheck to paycheck) We also have 40% over 250K in same position- not families, but singles. The average income is 51k in US.. so things won't last much longer

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BooBoo's avatar

My wife and I are on a Goverment old age pension = $30,000 per year and we are living the dream cause we are mortgage free debt free and have a nice wad of cash, 70% in cash 30% in gold and silver mining stocks. We have always lived with in our means and never ever gone in debt to buy a car and I have never owned new car always bought used....

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