I've been hearing a lot more about inflation concerns and how inflation would benefit those with a lot of debt. Of course, that benefit would depend on whether their earnings would match the rate of inflation, which means it would really only benefit those with flexible revenue streams and not those with fixed yearly incomes, so this really only leaves those who have become incredibly wealthy through debt and large businesses.
Democrats are really trying to spend as much money as they can it seems with more and more trillion dollar plans on top of the yearly budget, so it seems increasingly likely that this plan not only tries to appeal to those easily persuaded by freebies, but is also intentionally destroying the economy in the interest of the wealthy elites, which most likely includes many of the politicians currently in office, so that they can pay off the exorbitant amounts of debt that they have used to get that wealth.
It's just astounding how reckless the silent generation/boomers have been in destroying everything their predecessors built. They will never own up to their mistakes and instead would rather take the whole system down to stay afloat for 5 minutes longer than the rest of us.
I wouldn't be surprised at this point if the housing bubble and it's bursting was intentional.
Covid was deliberate economic sabotage, no other way to view it now.
100% intentional. I work I'm the real estate field and the people they were giving mortgages to right before the burst were crazy. Like legit someone making 36k a year and giving them a mortgage for 2k a month. Basically unpayable.
And when you asked the banks "are you serious here," they were like "oh well prices will keep going up so they can just keep refinancing their house every year to stay. It doesn't matter." But really it was the feds backing every mortgage to expand home "ownership". At the end of the day they just preyed upon people that never should have/would be able to own a home by gaming the numbers because they could never lose.
The housing bubble and "Too big to fail" was an orchestrated transfer of wealth. All of it cognizant, intentional .So was COVID, most of us seem aware.