Peter Schiff: If rates stay at 4%, cost of servicing 40 trillion in debt will be 1.6 trillion (downturn, economy)

[shiftymh]

Originally Posted by Igor Blevin

This is why the Fed has been painted into a corner. We can't sustain high interest rates for very long. Inflation may be here to stay. Not 10%, but I am not sure a 2% core inflation target is realistic anymore. We may be stuck with a 2% Fed funds rate and 5% annual core inflation rate for a long time to come. We will just keep losing purchasing power.

Or we could have a financial collapse that resets everything.

Inflation should be 0. Your money should be worth the same as when you earned it.

[andywire]

Originally Posted by shiftymh

Inflation should be 0. Your money should be worth the same as when you earned it.

Where did you ever get this idea? And when has that ever happened?

[SAN_Man]

Originally Posted by shiftymh

Inflation should be 0. Your money should be worth the same as when you earned it.

Don't conflate currency with money.

Gold is money and holds it's value. Currency is not money and loses value over time.

[andywire]

Originally Posted by BoraBoraBobby

These figures are truly scary. Does anyone in either party have a plan to pay this down? It's out of control and could be our eventual undoing.

When you understand that they are trying to break the country, it starts to make more sense.

[Lycanmaster]

Originally Posted by NJ Brazen_3133

But but but, we arent going to have the panics, and recessions of the 1800s.

The rallying cry of Economics forum posters lmao!

[Lycanmaster]

Originally Posted by Igor Blevin

This is why the Fed has been painted into a corner. We can't sustain high interest rates for very long. Inflation may be here to stay. Not 10%, but I am not sure a 2% core inflation target is realistic anymore. We may be stuck with a 2% Fed funds rate and 5% annual core inflation rate for a long time to come. We will just keep losing purchasing power.

Or we could have a financial collapse that resets everything.

Which is why the elites are pushing for the "Great Reset". They know this system has become completely unsustainable.

Unfortunately, it will definitely NOT be for our benefit

[Good4Nothin]

Originally Posted by cw30000

Who care, the Fed just print to pay the debt and interest.

Signed Politicians

They can't do that anymore, because it causes inflation.

[Good4Nothin]

Originally Posted by shiftymh

Inflation should be 0. Your money should be worth the same as when you earned it.

And it should grow on trees.

[SAN_Man]

Originally Posted by Good4Nothin

And it should grow on trees.

Well, our currency is made of cotton primarily! A renewable resource! So there's that.

[cw30000]

Originally Posted by Good4Nothin

They can't do that anymore, because it causes inflation.

Do you think they care. They are make billions every year and have their friends and families hook up.