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Old 06-10-2021, 11:18 PM
 
30,873 posts, read 36,800,350 times
Reputation: 34446

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Quote:
Originally Posted by Northrick View Post
Mercy, I couldn't read all that. Too much all capital letters.


If I get the gist of it, we are all going to die because the Feds actions are going to lead to inflation. Current home mortgage rates are around 3-4% and have been for years. When we bought our first house in the 1980's our mortgage rate was 10.5%. Don't get me wrong, high inflation sucks, but it is hardly the end of the world.
If only it were just that, but it's so much more. On top of inflation, the U.S. has record government debt levels, higher than WW2. Record deficits. And a Baby Boomer generation drawing retirement (something we didn't have during WW2). And on top of that, we have massive money printing. What could go wrong??? LOL.

I think this guy pretty much has the awful economic situation of the U.S. and other Western countries pretty much pegged:

I'll warn people in advance of the profanity. (Although I don't think it's gratuitous, others may disagree.).



https://www.youtube.com/watch?v=-dXRGcraU2Y

 
Old 06-15-2021, 06:44 AM
 
Location: Spain
12,722 posts, read 7,509,345 times
Reputation: 22628
Quote:
Originally Posted by mysticaltyger View Post
On top of inflation, the U.S. has record government debt levels, higher than WW2. Record deficits.
I agree government debt/deficit/spending are too high, but it isn't as simple as comparing to previous decades because so much of it is being serviced at extremely low interest rates.
 
Old 06-15-2021, 07:38 AM
 
Location: A coal patch in Pennsyltucky
10,299 posts, read 10,544,396 times
Reputation: 12604
Quote:
Originally Posted by mysticaltyger View Post
If only it were just that, but it's so much more. On top of inflation, the U.S. has record government debt levels, higher than WW2. Record deficits. And a Baby Boomer generation drawing retirement (something we didn't have during WW2). And on top of that, we have massive money printing. What could go wrong??? LOL.

I think this guy pretty much has the awful economic situation of the U.S. and other Western countries pretty much pegged:

I'll warn people in advance of the profanity. (Although I don't think it's gratuitous, others may disagree.).



https://www.youtube.com/watch?v=-dXRGcraU2Y
This guy is an idiot. He has some kind of infatuation with draft dodgers. He calls everyone from the 1960s a draft dodger. The 58,000 American military who died in Vietnam were not draft dodgers. Neither were the 2,700,000 Americans who served in Vietnam. And BTW, the last man drafted into the military was in 1972.
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