Yes but - They have the US Dollar to fall back on as a circulating currency. What will be our fallback resource for fundamental exchange?My prediction is Zimbabwe levels
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Yes but - They have the US Dollar to fall back on as a circulating currency. What will be our fallback resource for fundamental exchange?My prediction is Zimbabwe levels
At least you have a baseball card and maybe a stick gum, with the card collecting.How about baseball cards? Crypto currencies are in the same league. Crypto has no practical advantage over sovereign state fiat currencies and is a whole lot less useful as "money."
Digital currency - don't we already have that in the form of credit cards?
I suggested this 20 years ago, before the numbers got so big. The problem is, when this is done, it has to be followed by an immediate reform of our government spending habits to prevent a recurrence. Which isn't likely, given the fondness the public has for free money.
A serious, lengthy crash has been predicted many times by select economists and bankers for the past 15 years. We've been waiting for it, anticipating it, yet it never seems to come along. Because in the 08 panic, the government and the Fed found ways to trick the economy out of reset mode. Now, it seems like a sudden bursting event isn't likely. What we are probably going to experience is a continual erosion of the value of our money. Continued inflation. Maybe to Weimar levels, but my guess is it won't be that sudden.
Depends how wide you view through the lens.Sounded crazy at the time.
Of course they are. But the very bottom of the middle class starts at $164,000/yr in earned income according to some estimates. Any guesses on the mean income level of the new middle class in 2024 dollars?"The middle class is better off now than before covid"
Baleedat
Said it just last month.
The best part is a TON of morons want more of this. It really does become some kind of a mental disorder.No burst, just mass runaway inflation, 50% are having trouble paying rent or the mortgage now.
Trump said if Biden got in the white house we would turn into Venezuela.
Sounded crazy at the time.
Which is a problem in and of itselfWhat's to worry about?.....They have top men working on the problem.
Drug, medical facilities, end of life care providers, and retirement homes all are gonna be the ones saying thank you boomers, and then the States and Feds particularly, before anything ever gets to the children, unfortunately. I am of the opinion that the guy who said its a myth.. is spot on.Thank you boomers.
America's 'Great Wealth Transfer' is underway. How will it impact the country?
Boomers are set to pass on as much as $90 trillion in assets to younger generations.www.yahoo.com
Maybe that explains this:Thank you boomers.
America's 'Great Wealth Transfer' is underway. How will it impact the country?
Boomers are set to pass on as much as $90 trillion in assets to younger generations.www.yahoo.com
Technically the middle class are rich relative to these guys.Maybe that explains this:
The White House Lied About Its IRS Funding Only Targeting the Rich
The White House lied about its IRS funding only targeting the rich
On The Reason Roundtable, editors reflect on how Biden's plan to hire new IRS agents is resulting in more audits of the middle class.reason.com
That is trickle down wealth transfer, splitting the wealth pie up into more slices.Drug, medical facilities, end of life care providers, and retirement homes all are gonna be the ones saying thank you boomers, and then the States and Feds particularly, before anything ever gets to the children, unfortunately. I am of the opinion that the guy who said its a myth.. is spot on.