Posted on 04/15/2023 6:29:24 AM PDT by Kaiser8408a
Hand to mouth should be Biden’s Presidential re-election theme song.
70% Of Americans Are Financially Stressed, 58% Live Paycheck-To-Paycheck because America is living off their credit cards living a life they can’t actually afford as credit card debt keeps hitting record highs approaching $1 TRILLION!
Of course, what is really troubling is that credit card useage is soaring as The Fed hikes interest rates to combat inflation … caused by Janet Yellen and The Fed keeping rates near zero for too long under Obama. Then we have Biden fighting fossil fuels and Congress spending like drunken sailors in port. All together? Consumers turn to credit cards to cope and their personal savings are dwindling.
How to protect yourself against out-of-control Fed money printing? Gold is up over $2,000.
Former Fed Chair Janet Yellen didn’t try too hard to avoid asset bubbles or slow Obama’s economy. But as a result of her horrible monetary policies, The Fed is keeping on pushng rates up. And America is suffering for it.
(Excerpt) Read more at confoundedinterest.net ...
What happens when you think you can act like a Democrat in real life with debt spending.
Batten down the hatches. Lots of financial pain ahead.
p
Those 81 million voters will never admit that they were wrong.
Trump has MAGA (still) as a campaign slogan.
Biden and his bosses, have come up their own slogan, and it’s genius...
MOTS!!!
That’s right, More Of The Same (MOTS).
Biden and his media tell us that things have never been better and that America is back and getting better, and that Americans are happy with the things the Biden administration has done and WILL DO...
He’ll de declaring he’s running for president again...
so... to keep Americans happy, we’re getting...
MOTS (more of the same same).
Whatever the true number was, f-them. They voted to screw the rest of the country. They voted to punish the successful. They voted to deplete the savings of people who worked hard to have those savings. They voted against childhood innocence and protection of our children. They voted against freedom and self-determinism. And on and on..
Gold is not the solution, buy land.
Many people live paycheck to paycheck,
Y’all know if you didn’t vote for Democrats, or bothered to vote at all, you may be much better off? and could afford land and a place of your own?
Most Republicans and Libertarians are into making money, not taking it, from someone else.
I’m still trying to figure out why a inner city drug dealer doesn’t have a home in the suburbs.
Most Seattle pan handlers had a nicer house than I did.
Quit thinking the government is going to help you.
I am sooooo there!
Just wait until CBDC arrives...
Biden is one of the most evil pricks to ever live. He makes Stalin look like a choir boy.
dims can never get away from tax and spend policy.
First they spend, then they tax.
Hang on gang, when the taxes kick in to pay for all this it will hurt.
TWO things come to mind immediately:
1. I PRAY all those "karens" and libs that support the senile criminal Biden are among those suffering; and
2. Pence, instead of just rolling over like a lapdog, could have seriously challenged and questioned the Electoral Votes from a number of states.
But they will STILL vote democrat.
What should be done is to make friend-to-friend loans with no fees & less than 10% interest non-dischargeable in bankruptcy (just as student loans are).
Each friend in the pair would be limited to say $2,000 in original debt.
This would enable ordinary people to get more interest on their money and pay less interest on their debts.
.
Almost always the same crowd living paycheck to paycheck.
“The Fed is keeping on pushng rates up.”
There are about 100 million Americans lending out money to banks, etc.
“When the [Federal Open Market Committee] FOMC sets interest rates, they set a target rate rather than the actual interest rate, as they don’t have direct control over interest rates.”
“When the Fed buys up government securities, it injects money into the economy. Subsequently, banks have more cash on hand, and they decrease their interest rates to attract more borrowers. On the other hand, when the Fed sells government securities, they take money out of the economy. Banks then have less cash to lend, so they increase interest rates.”
https://www.fool.com/the-ascent/federal-reserve-interest-rates/
” caused by Janet Yellen and The Fed keeping rates near zero for too long under Obama.”
and under Trump
“But they will STILL vote democrat.”
They might pay $183/month for rent, zilch for SNAP-eligible food (and candy and soda), as low as 2% of adult health insurance premiums, zilch to $20/month for child health insurance.
And they might be getting thousands in refundable tax credits each year.
Child tax credits can pay for the family car and its insurance (and beer, booze and lottery tickets).
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