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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.).
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.
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.).
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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