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451
[–] 1 pt

Debt maxing... Accelerate?

It looks almost as if our currency was devalued on purpose, back in 2020. Yet, there's record profits in multiple sectors of the economy. Is it jewish greed (yes) or is the government (jews) just cooking the books? (Also yes.)

Invest your loose cash flow. Don't stuff it in a savings account. When inflation is this bad, why would you sit on a stack of cash that's constantly devaluing.

[–] 1 pt

Overtly taxing at the levels required to cover government deficit spending is political suicide. As are budget cuts to balance budgets, as they'd require completely axing wildly popular programs such as government pensions for boomers. Ergo devaluing the currency is the only feasible option for governments.

Record corporate profits are largely the result of inflation benefitting some sectors of the economy while gutting others, moreso than "greed". If you had a bunch of debt and high free cash flows, inflation is a windfall because you can retire corporate debt at a steep discount. If you have high corporate debt that you were continually reissuing at low interest rates...rate hikes will bankrupt you.

On the personal finance end, inflation has significantly benefitted those closest to the printing presses like government contractors or people with large asset holdings, while low earners take it in the shorts due to sticky wages and high inflation.

[–] 0 pt

I got a raise at work. First one in a decade. Still doesn't cover the rise in groceries, rent, and I just got a notice that our electric is going up 15%. I have zero debt and it will stay that way, but I haven't been able to add to my savings in forever.