Tron Posted April 13, 2022 Member ID: 4147 Group: ***- Inactive Clan Members Followers: 26 Topic Count: 76 Topics Per Day: 0.02 Content Count: 831 Content Per Day: 0.17 Reputation: 919 Achievement Points: 6737 Solved Content: 0 Days Won: 3 Joined: 12/07/12 Status: Offline Last Seen: August 5 Birthday: 07/25/1968 Device: iPhone Posted April 13, 2022 With Federal Debt/GDP >100%, the only way for the U.S. govt to repay their debts is to let inflation run above nominal yields for a sustained period of time. It's called financial repression, and it's designed to erode the wealth of creditors. It's a purposeful policy decision. Buckle up. Timmah!, TBB, TheLastColdBeer and 3 others 6 Awards
major-mark63 Posted April 13, 2022 Member ID: 23233 Group: *** Clan Members Followers: 27 Topic Count: 71 Topics Per Day: 0.02 Content Count: 3881 Content Per Day: 0.96 Reputation: 2768 Achievement Points: 30879 Solved Content: 0 Days Won: 21 Joined: 09/10/15 Status: Offline Last Seen: 6 hours ago Birthday: 08/11/1963 Device: Windows Posted April 13, 2022 Thats what i said to some of my relatives and friends be aware history is back again. they assume that interest rates for mortage gonna stay low .i will never gonna raise over 10%..tsktsk.. When bought my first house in 1989 mortgage rates was 10,75% and is was a good rate then, it everyone siad il will never gonna go down 6% like in 1965 ...ahahah wrong i felt down to 2% . With these high inflation rates , interest rates had to be raise to stop inflation like was in late 70's . Be ware those who have a high mortgage amount , in my place the people are byuing a monthly payment for their budget and they dont care of the amount of dollars they have on mortgage. These low interest rates will not stay .... Awards
Majbasil Posted April 13, 2022 Member ID: 6247 Group: ** Registered Users Followers: 26 Topic Count: 27 Topics Per Day: 0.01 Content Count: 738 Content Per Day: 0.15 Reputation: 944 Achievement Points: 6293 Solved Content: 0 Days Won: 0 Joined: 03/23/13 Status: Offline Last Seen: August 28 Device: Windows Posted April 13, 2022 (edited) https://www.usdebtclock.org/ over 30 TRILLION federal debt Sure do wish there weren't so many tax loopholes, tax breaks for the uber rich, and tax shelters... Bad bad congress imho. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax Edited April 13, 2022 by Majbasil had to add the approx. federal debt amount Izumi 1
TBB Posted April 13, 2022 Member ID: 989 Group: *** Clan Members Followers: 25 Topic Count: 323 Topics Per Day: 0.05 Content Count: 24756 Content Per Day: 4.06 Reputation: 26043 Achievement Points: 173699 Solved Content: 0 Days Won: 566 Joined: 01/07/10 Status: Offline Last Seen: 6 hours ago Birthday: 01/27/1946 Device: Windows Posted April 13, 2022 That looks like @BUDMAN 's weekend curve for beer drinking RobMc, TheLastColdBeer, BUDMAN and 1 other 4 Awards
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