I don't know about mortgages, but most lines of credit have a provision where the bank can demand immediate payback in full or seize the collateral. That's what will happen. Plus interest rates will and must go higher than inflation.
Banks won’t do this with mortgages because the asset (home) will inflate significantly.
The ONLY silver lining with inflation is that there is lots of money to be made by those who recognize what is happening and understand how to capitalize on it.
When I saw my raise for this year I outright stated "oh, with the current inflation I guess I won't even break even this year." The boss looked so confused.
If you talk about bitcoin, yes, agree. There are different bitcoins geared towards real life solutions. Bitcoin is not one of them. It's use case is found in it's swings of value against the dollar. Take out bitcoin, and the market can develop much more normally.
Compared to the dotcom bubble, that was kids play.
Show me a pretzel and I'll show you the way MSM twists bad news to look good for Xiden and they way they twisted good news to look bad for POTUS.
Salaries had better rise because prices are insane.
Pack of 8 paper towels =$19.9
Sheet of plywood that cost $7 in Feb now costs $40!
Our daughter's friend and her husband were going to build a house. The $400,000 price tag has now jumped to $560,000. So no house for now - I imagine the construction market will take a big hit.
Buy stock in wheelbarrow manufacturers. We will all be needing them to haul our money around.
WheelbarrowStop to the mooooooooooon! 🚀🌙
You stocktwit fag.
I wanna move to Venezuela Mom?!!
You don't need Venezuela, we already have a Venezuela at home.
People are morons. Oh my god.
Bank on it!
I remember taking care and feeling so.itchy and unsettled. What do you use?
I used Guarana powder for a while and it was good, like caffeine but without the mental jitters as much.
I guess you’re not dry scooping if it’s still in your mouth...can you get serious already?
LOL i tried once and almost died from asphyxiation.
We’ll all get to be Trillionaires. The downside. A Tank of Gas would cost 1 billion dollars.
True, but you can pay your mortgage off with a couple of those new pay checks.
I don't know about mortgages, but most lines of credit have a provision where the bank can demand immediate payback in full or seize the collateral. That's what will happen. Plus interest rates will and must go higher than inflation.
Banks won’t do this with mortgages because the asset (home) will inflate significantly.
The ONLY silver lining with inflation is that there is lots of money to be made by those who recognize what is happening and understand how to capitalize on it.
Long: Gold, Silver, Platinum, Palladium, Real Estate, Stocks, Oil, CAD (although currencies scare me if there really is a world economic reset).
To me, owning precious metals and real estate is the safest play. Leverage up on real estate.
Yep. Thankfully loans can't be adjusted without agreement from the loanee. Just wish I could have bought a house.
Paid without working is NOT a silver lining
When I saw my raise for this year I outright stated "oh, with the current inflation I guess I won't even break even this year." The boss looked so confused.
At least you got one.
Face. Palm.
On an NPR segment the "Financial expert" said that inflation was just a sign of a healing economy.
True. And a wound that is spurting blood is just a sign of a healthy, beating heart.
Meth-a-methics.
"You will own nothing and you will be happy!"
this real? source?
Idiots....
People will need to go from $10 to $18 when a box of cereal cost $10 bucks.
Buy eggs. Great nutritional bang for your buck. Even better, buy hens to lay eggs for you.
Hey, my July 4th meal cost me $0.16 less this year!
Hahahahahahaha. That's the funniest and looniest thing I've seen all day.
These people are idiots! 👹
Could be a silver comm.
Kek of the day
we won't be able to buy food but we will have enough to pay off our student loan debt
Dime bag sold separately.
should make it easier to make your home mortgage payment, hopefully you have a low fixed rate.
At least all of us will be prepared for hyperinflation.
If Silver and Gold remain suppressed it is easier to obtain more.
Crypto will go through the roof.
If you talk about bitcoin, yes, agree. There are different bitcoins geared towards real life solutions. Bitcoin is not one of them. It's use case is found in it's swings of value against the dollar. Take out bitcoin, and the market can develop much more normally.
Compared to the dotcom bubble, that was kids play.
GME is indeed an interesting thing.
Yay, we'll be just like Zimbabwe where less-fucked countries will buy our trillion dollar bills for like $2 of their own currency for the lulz.
I’ve been investing heavily in 🍿 stocks. All you pedes have been adding to my returns.
yeah, wages DO increase, but why would they assume wages LEAD costs?
Have wages ever lead the prices when inflation hits?
Show me a pretzel and I'll show you the way MSM twists bad news to look good for Xiden and they way they twisted good news to look bad for POTUS.
Salaries had better rise because prices are insane.
Pack of 8 paper towels =$19.9 Sheet of plywood that cost $7 in Feb now costs $40! Our daughter's friend and her husband were going to build a house. The $400,000 price tag has now jumped to $560,000. So no house for now - I imagine the construction market will take a big hit.
Could list things all night long.
Heil Honking Honkler.
Reminds me of this..
The Democrats will get their fight for 15 they were wanting. Lol