Surviving the crash

[Mono1]

That could be but trying to iron out the learning curves after it's necessary doesn't seem like a recipe for smooth transactions.

This is a long read. But the bottom line conclusion is that once the USD currency is cancelled (and presumably replaced by CBDC), the best medium of exchange for barter will be easily recognizable coins (think "junk silver" coins):

What Will Become Money Post-2032? | Armstrong Economics

ANSWER: I know the crypto-people do not like my view that digital currency is entirely dependent upon the power grid and once money is in any official

www.armstrongeconomics.com

 

[Howard1955]

To survive its going to take the ability to barter. Once digital currency is implemented it will be the government that tells you what you can and can't buy.

A while back just talking about this was called tin foil hat.

Some of us have been watching for the 666 for decades.

 

[Longwalkhome]

Some of us have been watching for the 666 for decades.

It's good to know others are paying attention.

 

[Longwalkhome]

Target CEO: We're seeing 'violent' incidents in our stores, and it's costing us millions

Target execs call attention to a major problem they are having in their stores.

finance.yahoo.com

When the stores close the neighborhoods are next.

 

[The Heretic]

https://www.cnn.com/2023/05/17/business/target-earnings/index.html

 

[Longwalkhome]

I suspect as this plays out that folks think they will just order on line. The thieves will follow the delivery vehicles to our houses. I am not sure how this ends.

 

[Longwalkhome]

US Leading Economic Indicators Tumble For 13th Straight Month, “Weaknesses Were Widespread”

The Conference Board’s Leading Economic Indicators (LEI) continued its decline in April, dropping 0.6% MoM (in line with the 0.6% decline expected). The biggest positive contributor to t…

confoundedinterest.net

3 in 5 Americans now say inflation is causing financial hardship: poll

Three in five Americans now say inflation is causing them financial hardship, an increase from the end of last year despite inflation falling in recent months, according to a new poll. A Gall…

thehill.com

 

[arakboss]

Target CEO: We're seeing 'violent' incidents in our stores, and it's costing us millions

Target execs call attention to a major problem they are having in their stores.

finance.yahoo.com

When the stores close the neighborhoods are next.

Fortunately we have cars and can drive to the next store. The bigger problem is the thieves on foot that were robbing stores, might move on to neighbors as victims.

 

[Nick Burkhardt]

 

[arakboss]

If the Fed is going to tamp down inflation, rates are going to have to go up. We can't have it both ways?

 

[Provincial]

If the Fed is going to tamp down inflation, rates are going to have to go up. We can't have it both ways?

If the government keeps spending more than it takes in, and prints money to cover the difference, the Fed will be hard-pressed to raise rates enough to slow inflation.

"Drunken Sailor" spending by government was pretty easy when it could sell bonds at almost zero interest rate. Now it is paying 5% on short term debt, and almost 4% on long term debt. That is a big jump in interest cost. Something has to give. Either spend less, or print more money. If printing more, it just supercharges inflation, which spirals into a crash.

 

[VinnieBoomBah]

Either spend less, or print more money.

I feel like there is a third option that you missed there

 

[Provincial]

I feel like there is a third option that you missed there

I was offering possibilities, not dreams.

Neither party will increase taxes on the rich, since both parties are beholden to the rich to get reelected. Taxing the poor is a dead end, since there isn't enough money there. Taxing the Middle Class went away when the rich sent their jobs overseas.

Neither party seems to realize that the Middle Class is no longer a viable target for taxes, so they keep promising to "tax the rich" and instead let the tax increases hit the upper part of the Middle Class. That group has slipped down below the income level targeted, so revenue is falling short.

 

[arakboss]

https://www.npr.org/2023/05/16/1174938708/commercial-real-estate-property-offices-work-from-home-remote-work

 

[VinnieBoomBah]

I was offering possibilities, not dreams.

Neither party will increase taxes on the rich, since both parties are beholden to the rich to get reelected. Taxing the poor is a dead end, since there isn't enough money there. Taxing the Middle Class went away when the rich sent their jobs overseas.

Neither party seems to realize that the Middle Class is no longer a viable target for taxes, so they keep promising to "tax the rich" and instead let the tax increases hit the upper part of the Middle Class. That group has slipped down below the income level targeted, so revenue is falling short.

Or we could just roll back misguided tax cuts from 2017

 

[Provincial]

Or we could just roll back misguided tax cuts from 2017

That is raising taxes. Despite the clever phraseology, all the parties involved see it clearly as raising taxes, and will act accordingly. Nice try.

See my post #1,253.

 

[VinnieBoomBah]

That is raising taxes. Despite the clever phraseology, all the parties involved see it clearly as raising taxes, and will act accordingly. Nice try.

See my post #1,253.

I was suggesting it as a more politically palatable way to raise taxes without actually(sic) raising them. Kind of along the lines of "everyone loves to buy things buty no one likes to be sold things"

 

[Provincial]

I was suggesting it as a more politically palatable way to raise taxes without actually(sic) raising them. Kind of along the lines of "everyone loves to buy things buty no one likes to be sold things"

A more misleading way to raise taxes.

 

[VinnieBoomBah]

A more misleading way to raise taxes.

Yeah, that's what makes it politically palatable

 

[Knobgoblin]

Yeah, that's what makes it politically palatable