Totalitarianism never tells the truth as it installs: You will be told inflation is 2% as bread goes to $200 loaf and 80% of the working population is homeless. Its called gaslighting and the Fed is the gaslight in chief. Good news is, no one but the top 10% buys this garbage spewing out anymore. Top 10% is fat and happy and untouchable, impervious. Maybe Fed is counting wages in the CPI.. they are the only thing not going up.
At some point when the $Dollar bill goes down the toilet. Or when the boys at the Fed institute their digital currency. Or there's a complete bank failures over a holiday weekend. Everyone will take a hit, except the precious metal holders. And we don't know what the government might do then. Evil bastards that they are. This (OUR) country is in serious trouble. Ed K
Its a protracted process.. we likely have another 5 years of this garbage. I predict 100K DOW long before then and 90% impoverished. No nation every come out of hyperinflation. The CBDC will be rolled out by the Fed's 5 banks that survive the culling. Wages will be paid in it, and companies will only accept CBDC. Europe rolling it out now
NAH, not in your life will we see another 5 years, We will be lucky enough to see another 5 months.. Derivatives, Derivatives, Derivatives will be the thing that takes all down. there's 250 Quadrillion in derivatives, that's a trillion with 3 more zero's. As Andy S. likes to put it a trillion is 6,650 years ago in seconds. It[s over!!! Ed
As their credit card bills get higher and higher and autos get repoed. Eventually they wake up when they cant access debt. Mathematics limits how much debt a worker can get based on salaries- and salaries are now going down.
Sadly now just released that 65% individuals (singles) earning north of 100K are now behind at least 60 days on one utility, rent, mortgage or credit card bill. Only 15% of all jobs pay that high of salary. Imagine the other 85%. Days of a single person living alone in a home or apartment are OVER. It gets to a point when people max out credit cards and max debt to income they will notice.
Depends on age and assets owned. For instance, I am not on a coast and rent in a tiny one bedroom is at least $2000 month plus. Gas is $5.15 gallon low grade and Im not in NY or Cali. So 100K barely gets you the one bedroom apartment after you pay the 35% Fed/state/fica tax
When I bought my home in 2016 max debt to income for the loan was 33% which included ALL debt (student loans, credit card, auto loan, medical debt and your mortgage and property taxes, HOA) My new neighbor just said she qualified last moth with 55% debt to income ratio! That leaves nothing for food, medical, $600 electric bills here in summer, childcare, auto loans, auto insurance utilities or anything. Apparently now they DTI is not even really used!!! Because bankers know incomes cant get approved with average pricee of homes/cars now. The icomes are flat and costs have tripled.
Indeed! It seems like everyone is going to live hand-to mouth and then go to a homeless community to retire. This is what happens when you have dishonest money.
The people live in reality world but the markets in fantasy land. The machines digest the bullshit CPI numbers and a higher market is excreted out the other end.
Bidenflation is doing its job. Can any democrat comment about how Bideneconomics is improving everyone? Sorry GM Democrats need to take a large part of the credit for this one.
I heard that insurance is keeping inflation high. The cost of cars is lower and they are saying food is lower. I think that the system has died and is on life support until a new syste4m is of total financial control is instituted no matter what we are being said.
Totalitarianism never tells the truth as it installs: You will be told inflation is 2% as bread goes to $200 loaf and 80% of the working population is homeless. Its called gaslighting and the Fed is the gaslight in chief. Good news is, no one but the top 10% buys this garbage spewing out anymore. Top 10% is fat and happy and untouchable, impervious. Maybe Fed is counting wages in the CPI.. they are the only thing not going up.
Good thing I don't eat bread, Id be broke.. 😜
At some point when the $Dollar bill goes down the toilet. Or when the boys at the Fed institute their digital currency. Or there's a complete bank failures over a holiday weekend. Everyone will take a hit, except the precious metal holders. And we don't know what the government might do then. Evil bastards that they are. This (OUR) country is in serious trouble. Ed K
Its a protracted process.. we likely have another 5 years of this garbage. I predict 100K DOW long before then and 90% impoverished. No nation every come out of hyperinflation. The CBDC will be rolled out by the Fed's 5 banks that survive the culling. Wages will be paid in it, and companies will only accept CBDC. Europe rolling it out now
NAH, not in your life will we see another 5 years, We will be lucky enough to see another 5 months.. Derivatives, Derivatives, Derivatives will be the thing that takes all down. there's 250 Quadrillion in derivatives, that's a trillion with 3 more zero's. As Andy S. likes to put it a trillion is 6,650 years ago in seconds. It[s over!!! Ed
When you sit down and really think about it,,,, the world is mad dealing in this crsp,, mentally unhinged
There is no question about it. The USA is in the latter days.
Keep the people brainwashed in thinking that everything is fine
As their credit card bills get higher and higher and autos get repoed. Eventually they wake up when they cant access debt. Mathematics limits how much debt a worker can get based on salaries- and salaries are now going down.
They are awake now. Higher prices are a continuous slap in the face.
Yes, and will there be a day of reckoning or will there be more tails tucked between their legs and whining about some victim hood..... ?
Later Jay
Tail between their legs seems right.!!! Ed
Yes, that is what they do. They want the sheeple focused on their entertainment.
Sadly now just released that 65% individuals (singles) earning north of 100K are now behind at least 60 days on one utility, rent, mortgage or credit card bill. Only 15% of all jobs pay that high of salary. Imagine the other 85%. Days of a single person living alone in a home or apartment are OVER. It gets to a point when people max out credit cards and max debt to income they will notice.
Huh?.. I don't make anywhere near that and I'm all good financially. Boy, what I could do with $100k.. 🤔
Depends on age and assets owned. For instance, I am not on a coast and rent in a tiny one bedroom is at least $2000 month plus. Gas is $5.15 gallon low grade and Im not in NY or Cali. So 100K barely gets you the one bedroom apartment after you pay the 35% Fed/state/fica tax
I agree with you 100%.
When I bought my home in 2016 max debt to income for the loan was 33% which included ALL debt (student loans, credit card, auto loan, medical debt and your mortgage and property taxes, HOA) My new neighbor just said she qualified last moth with 55% debt to income ratio! That leaves nothing for food, medical, $600 electric bills here in summer, childcare, auto loans, auto insurance utilities or anything. Apparently now they DTI is not even really used!!! Because bankers know incomes cant get approved with average pricee of homes/cars now. The icomes are flat and costs have tripled.
Indeed! It seems like everyone is going to live hand-to mouth and then go to a homeless community to retire. This is what happens when you have dishonest money.
+There probably won't be any homeless communities, because the also cost money. Ed
The people live in reality world but the markets in fantasy land. The machines digest the bullshit CPI numbers and a higher market is excreted out the other end.
We live in a fake world. Truth is fallen in the streets and equity can not enter in
Well stated!
Bidenflation is doing its job. Can any democrat comment about how Bideneconomics is improving everyone? Sorry GM Democrats need to take a large part of the credit for this one.
When do the powers at be not lie? Habitual criminals every damned one of them!
Fake CPI? But of course. In this day and age nothing is real.
Maybe CPI is based on wages! Those are going down!!
At this point what we need is deflation. Consumers need to STOP buying.
The truth be told.
Thanks
Got into food commodities today.
content://media/external_primary/downloads/1000004001
This is from federalreserve.gov
On page 4, section II. Adjustment the document states that the CPI-W between July 2018 and July 2023 increased by 21.8%.
If this link is broken, go to the website and search "CPI-W". The first link is to the document to which I am referring.
It's all fake.
I heard that insurance is keeping inflation high. The cost of cars is lower and they are saying food is lower. I think that the system has died and is on life support until a new syste4m is of total financial control is instituted no matter what we are being said.
There is no way out of this charade. Digging deeper and deeper with no end in spending. Totally f@(ked
Mmri is cratering