American Economic Collapse

Looks like my prediction is right. Inflation is up again even though the interest rates have been the same for a while. They refuse to make the interest rate go up because it wouldn't do well for the corrupt Biden administration. If Trump gets in office again, they are going to blame him for interest rates going up and dumb people will believe that.
At this point I pretty much gave up on the idea of owning a house. You have to be making at least $80,000 per year to be able to afford a mortgage along with high insurance rates and high taxes.
 
Soul Sage said:
Looks like my prediction is right. Inflation is up again even though the interest rates have been the same for a while. They refuse to make the interest rate go up because it wouldn't do well for the corrupt Biden administration. If Trump gets in office again, they are going to blame him for interest rates going up and dumb people will believe that.
At this point I pretty much gave up on the idea of owning a house. You have to be making at least $80,000 per year to be able to afford a mortgage along with high insurance rates and high taxes.
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The house down the street from me sold in one day for $875,000. And it's a tiny dump. Probably built in the 60's with single wall construction and no improvements other than a new coat of paint. It just sold last Sunday.
 
SusanB said:
The house down the street from me sold in one day for $875,000. And it's a tiny dump. Probably built in the 60's with single wall construction and no improvements other than a new coat of paint. It just sold last Sunday.
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My parents house doubled in cost within 6 years. From 180k to 330K and the higher insurance cost makes it even more expensive. When houses double in price like that so has everything else. Pretty soon, people will have to make 100k per year or more just to afford a mortgage.
 
Soul Sage said:
My parents house doubled in cost within 6 years. From 180k to 330K and the higher insurance cost makes it even more expensive. When houses double in price like that so has everything else. Pretty soon, people will have to make 100k per year or more just to afford a mortgage.
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This was what convinced me to move. I barely understand housing markets but my brother explained to me that within a few years everybody's insurance and taxes would jump because of the corporations buying houses at four times what they were actually worth. They are hoping to win at the long game and likely will.
 
I actually meant to say that the house doubled in price from 180k to 360k, not 330k like I said earlier. Certain areas are effected more than others. I live in Southern Florida and too many people moved over here. Making the cost of mortgages, rents, insurance costs and taxes go up. The most traveled to state to move to within the United States. I may have to move too if things don't change by the end of the year.
 
Soul Sage said:
My parents house doubled in cost within 6 years. From 180k to 330K and the higher insurance cost makes it even more expensive. When houses double in price like that so has everything else. Pretty soon, people will have to make 100k per year or more just to afford a mortgage.
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The banksters have access to unlimited FED money, which they’re using to buy up all possible assets before the dollar’s killed. It’s tempting to take the cash and buy physical gold & silver, but then you’ll be a renter. Most people will take the cash and blow it or invest in the DOW.
 
SusanB said:
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CB's financial situation is all good. Where else are the talking heads ( Biden n Co ) going to get the money to send to Ukraine and the middle East. while America gets more broke? No developed nation on the planet has a "War Chest" So where do they get the money?

More trivia or maybe not so trivial, The US national debt has grown by 4 T approx, while Biden has been in office. But Obama spent just over 8T and Trump's stint inflated the debt to between 7 n 8 T. The last 4 US Presidents cost the tax payer more money than all the other ones combined. Things are about to get worse with the expansion of war and debt, resulting in the needless loss of more human lives. Until the suffering comes to an end.
 
I've been following the precious metals market for years, waiting for the explosion we see happening today. I believe the West has lost control of the manipulation, which means the dollar is dying. This could be a coordinated attack by Russia and China, in preparation of the BRICS announcing their currency will be tied to gold. Obviously anything can happen, but the current moves are awakening the sleeping public to the fragility of the dollar. The FED is in a box.
 
Carl said:
I've been following the precious metals market for years, waiting for the explosion we see happening today. I believe the West has lost control of the manipulation, which means the dollar is dying. This could be a coordinated attack by Russia and China, in preparation of the BRICS announcing their currency will be tied to gold. Obviously anything can happen, but the current moves are awakening the sleeping public to the fragility of the dollar. The FED is in a box.
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It has to happen this way. Rockefeller Foundation collaborated on a document which also had a list of highlights of goals that came out at the same time. Knocking us down was part of the setting up of the ten regional governments they outlined.
The document is titled Scenarios for the Future of Technology and International Development.
 
Melinda said:
BREAKING: Philadelphia-based Republic First Bank seized by regulators.
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I suspect it is all part of the consolidation process prehaps. Bank of America is one of the bigger banks predicted to go down.

Morgan Stanley. JP Morgan, Goldman Sachs, Wells Fargo and maybe another couple super banks have a mainline to the fed. So the consolidation of power will most likely wind up in their hands.

Those relatively few Wall Street super banks own the FED anyway.
 
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