My guess is people are taking on debt so they don't have to admit to anyone, especially their young kids, that they are in financial trouble. It doesn't have to make sense.
I read that entire article from Dent and he talks about all of the bubbles that I have been warning about. Housing and the stock market are the most obvious, but what frightens me is the derivatives bubble. There is over twenty trillion (with a "T") dollars in this market and it's increasing rapidly.
The US dollar is also on shakey ground. Then there's our banking system, which is on the verge of a complete meltdown.
Neither Biden nor Bidenomics can force wealthy plutocrat fat cats to start paying their employees living wages. Neither Biden nor Bidenomics can force big Kahuna employers to take a hit financially and instead share their billions in profits with their hourly workers. Yet here we are again, bitching that Joe Biden is somehow to blame for the same exact problems we've had sneaking upward and upward for decades now.
Writing articles like this for the express purpose of titillating readers WITHOUT OFFERING REAL SOLUTIONS puts you at a lower rung than Biden. If YOU can't think of a way to force CEOs to stop taking 99% of their companies' profits, then how will a president do it?
Kellogg's raised prices 14% from Q2 2022 to Q2 2023.
The company then reported better than expected profits and execs shared plans to spend more on stock buybacks and larger dividends.
News flash: Corporations have been using inflation as cover to squeeze more money out of you. This isn't a president's doing. This is what happens when capitalism works as it was intended to work: corporations exist to make maximum profits. That means they pull any trick they want to make you pay more.
My guess is people are taking on debt so they don't have to admit to anyone, especially their young kids, that they are in financial trouble. It doesn't have to make sense.
I read that entire article from Dent and he talks about all of the bubbles that I have been warning about. Housing and the stock market are the most obvious, but what frightens me is the derivatives bubble. There is over twenty trillion (with a "T") dollars in this market and it's increasing rapidly.
The US dollar is also on shakey ground. Then there's our banking system, which is on the verge of a complete meltdown.
As I've said before, buckle up buttercup.
Neither Biden nor Bidenomics can force wealthy plutocrat fat cats to start paying their employees living wages. Neither Biden nor Bidenomics can force big Kahuna employers to take a hit financially and instead share their billions in profits with their hourly workers. Yet here we are again, bitching that Joe Biden is somehow to blame for the same exact problems we've had sneaking upward and upward for decades now.
Writing articles like this for the express purpose of titillating readers WITHOUT OFFERING REAL SOLUTIONS puts you at a lower rung than Biden. If YOU can't think of a way to force CEOs to stop taking 99% of their companies' profits, then how will a president do it?
Will hyperinflation "erase" all of the debts ?
As Satan's world system collapses for the final time the world ethos is,
" Let Us Eat Drrink and Be Merry for Tomorrow We May Die.?"
1 Cor. 15:32. Saul of Tarsus
Kellogg's raised prices 14% from Q2 2022 to Q2 2023.
The company then reported better than expected profits and execs shared plans to spend more on stock buybacks and larger dividends.
News flash: Corporations have been using inflation as cover to squeeze more money out of you. This isn't a president's doing. This is what happens when capitalism works as it was intended to work: corporations exist to make maximum profits. That means they pull any trick they want to make you pay more.
https://www.armstrongeconomics.com/world-news/war/the-coming-american-civil-war/