Americans are flush in liquidity - Thanks Joe!

[Billiejeens]

You’re extrapolating your personal struggle to everyone, when in reality most people are doing pretty well.

Pure fantasy.

 

[justoffal]

You’re extrapolating your personal struggle to everyone, when in reality most people are doing pretty well.

Record debt, record foreclosure, record medical debt, highest cost of living to income ratio ever, skyrocketing homelessness even among working people...highest rent to income ratio ever.....it goes on.

The top 5 percent aren't complaining because wall street is still climbing. Try winning an election with 5 percent.



As of February 2024, Americans owe a record-high $1.13 trillion on their credit cards, which is part of a total household debt of $17.5 trillion. This is a 24% increase from before the pandemic in 2019.


CBS News

Americans owe a record $1.1 trillion in credit card debt, straining budgets
Feb 6, 2024 — Total household debt grew by $212 billion, rising to $17.5 trillion in the fourth quarter of 2023, the Fed's quarterly report on household debt and credit shows. Credit card balances rose by $50 billion to hit a record $1.13 trillion.

businessinsider.com

Americans are facing a credit card debt crisis - Business Insider
Feb 22, 2024 — According to the Federal Reserve Bank of New York, total household debt in the US has risen more than 24% since before the pandemic in 2019 and now sits at $17.5 trillion. Of that total debt, credit card balances are growing the fastest. Americans owe a record-high $1.13 trillion on their credit cards.
Other household debt includes:

• Mortgages, which increased by $112 billion to $12.25 trillion in the fourth quarter of 2023
• Home equity lines of credit (HELOC), which increased by $11 billion in the fourth quarter of 2023
• Auto loans
• Student loans
• Retail cards

 

[Missouri_Mike]

Worse…..their property values on the inflated house value will jump.

True. And their taxes will go up as a result. The only group that’s making any money is the government. By their own actions fucking your finances up they actually get more of your money.

 

[justoffal]

True. And their taxes will go up as a result. The only group that’s making any money is the government. By their own actions fucking your finances up they actually get more of your money.

And a few of our investing board posters....the ones who hate CEOS

 

[Greenbeard]

record foreclosure

This must be a 12-year-old talking to me.

 

[Missouri_Mike]

Who does inflation benefit the most? That should be our starting point. It’s not happening in a fiat currency nation for no reason. Someone is benefiting and pushing their political goals.

 

[HikerGuy83]

There is a supply shortage. High interest rates wont address prices because the supply is low even with demand suppressed by high rates.

No lie ?

 

[The Duke]

You’re extrapolating your personal struggle to everyone, when in reality most people are doing pretty well.

Compared to what? Fucking Cambodia?

Historically people have been better off and more able to get ahead in America. Here's a song to illustrate my point to your commie shill fucktarded ass:

 

[The Duke]

This must be a 12-year-old talking to me.

LEFTIST PROG FUCKTARD RULES OF ENGAGEMENT

1. Demand a link or an explanation of the truth they are objecting to.

2. Promptly reject all explanations as right wing lies. Smoke spin deflect.

3. Ignore any facts presented.

3a. Play dumb and keep others wasting their time trying to enlighten you.

4. Ridicule spelling and typos, punctuation.

5. Attack the person as being juvenile, ie: "are you 12 years old", question their education, intelligence, Age.

6. Employ misdirection.

6a. smear people.

6b. attack religion.

6c. attack your rationality.

7. Lie, make false assumptions.

8. Play race/gender card/misogynist card.

9. Play gay/lesbian card.

10. Play the Nazi/Fascist/bigot card.

11. Make up stuff/So you got nothing?

12. Deny constantly.

13. Reword and repeat.

14. Pretending not to understand, playing ignorant/what did I lie about.

15. When losing, resort to personal attacks.

16. Russia.

17. Fox News/Alex Jones/Brietbart/infowars/Stormfront/Gateway/hannity/OAN.

18. You can’t read.

19. Trump Trump Trump Trump Trump Trump.

20. What about...

 

[Harpy Eagle]

Who does inflation benefit the most? That should be our starting point. It’s not happening in a fiat currency nation for no reason. Someone is benefiting and pushing their political goals.

what nation is not a fiat currency nation?

 

[Hollie]

You dont know what a bubble is. We are not in a housing bubble. We have a supply restriction which isnt a bubble. It wont be fixed for 5-10 years.

Using slogans like “supply restriction” is really just intended to sidestep the issue. Biden’s 12 million plus imported illegals have artificially spiked housing demand. The result is an expected spike in housing prices.

 

[Hollie]

Who does inflation benefit the most? That should be our starting point. It’s not happening in a fiat currency nation for no reason. Someone is benefiting and pushing their political goals.

Who does inflation benefit the most?

That’s the question to ask.

Let’s look at the Soviet style collectivization being undertaken by Biden and the Dems / Socialists combined. Biden’s typical use of unilateral executive orders and reliance on a politburo that votes strictly along those politburo lines results in bad policies and mismanagement. What we’re seeing with the continued importation of illegals, the imposition of government control over the private sector and Biden’s wealth redistribution is classic Marxist / Leninist ideology. There already is a new, expanded class of ‘the poor’ in this country. It’s a historical reality that appears in every nation subsequent to communist/socialist takeover.

 

[justoffal]

This must be a 12-year-old talking to me.

Nah....just a realist. The majority of the working public is suffering financially. The numbers are all there and easy to find...even for a 12 year-old. Just because foreclosures peaked in 2009 does not mean we are not still in a record wave.

 

[justoffal]

LEFTIST PROG FUCKTARD RULES OF ENGAGEMENT

1. Demand a link or an explanation of the truth they are objecting to.

2. Promptly reject all explanations as right wing lies. Smoke spin deflect.

3. Ignore any facts presented.

3a. Play dumb and keep others wasting their time trying to enlighten you.

4. Ridicule spelling and typos, punctuation.

5. Attack the person as being juvenile, ie: "are you 12 years old", question their education, intelligence, Age.

6. Employ misdirection.

6a. smear people.

6b. attack religion.

6c. attack your rationality.

7. Lie, make false assumptions.

8. Play race/gender card/misogynist card.

9. Play gay/lesbian card.

10. Play the Nazi/Fascist/bigot card.

11. Make up stuff/So you got nothing?

12. Deny constantly.

13. Reword and repeat.

14. Pretending not to understand, playing ignorant/what did I lie about.

15. When losing, resort to personal attacks.

16. Russia.

17. Fox News/Alex Jones/Brietbart/infowars/Stormfront/Gateway/hannity/OAN.

18. You can’t read.

19. Trump Trump Trump Trump Trump Trump.

20. What about...

Yep .... That's how they roll.

 

[Greenbeard]

Compared to what? Fucking Cambodia?

Compared to any time in history. Other than when the pandemic relief spigot was open, perhaps.

 

[Greenbeard]

Just because foreclosures peaked in 2009 does not mean we are not still in a record wave.

Well, I’m glad you googled or asked your parents about the financial crisis so you could see how implausibly ridiculous that claim was on its face. But you’re right about one thing, the numbers are in fact easy to find.

 

[The Duke]

Compared to any time in history. Other than when the pandemic relief spigot was open, perhaps.

Well, I’m glad you googled or asked your parents about the financial crisis so you could see how implausibly ridiculous that claim was on its face. But you’re right about one thing, the numbers are in fact easy to find.

 

[Independent thinker]

You’re extrapolating your personal struggle to everyone, when in reality most people are doing pretty well.

Americans are feeling worse about the US economy amid inflation concerns

Consumer sentiment soured in May as fears over sticky inflation and high interest rates dampened Americans' outlook for the US economy.

finance.yahoo.com

 

[Missouri_Mike]

what nation is not a fiat currency nation?

Good point. All the G7 are playing that game. And they fought real hard to get off of the gold standard. There’s a reason.

 

[Harpy Eagle]

Good point. All the G7 are playing that game. And they fought real hard to get off of the gold standard. There’s a reason.

Not just the G7, but the entire world.

The gold standard was fine when the world was lightly populated, but like the buggy whip and the telephone operator, they are relics of the past.