Trump control the Fed and Powell is his puppet - interesting article!
(badlands.substack.com)
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I probably shouldn't have said rich but instead should have said much more financially stable. I see all the time where lots of people are struggling to survive, struggling to keep a home, and afford food, etc. If the past 50+ years of our financial system being fucked with was corrected then people would essentially have 5 to 8 times more wealth when prices went down and the value of a dollar went up.
One good example I remember from my youth was back in 1994 when I worked at Burger King for $4.25/hr while going to school. Back then a whopper was $1 so 1 hour of work could literally buy 4 whoppers but now days whoppers are over $4 and here in FL I think minimum wage is like $11/hr. I haven't had a minimum wage job in like 25 years but I think it's at 11/hr now but working 1 hour now at that wage would only afford a person 2 whoppers whereas in the early 90s 4.25/hr could buy 4 whoppers.
Gas back then was as cheap as 69 cent per gallon in some places. A large portion of inflation is caused by government wasting money and causing the value of the dollar to go down. If it were ever corrected, people wouldn't be literally rich but people would be able to afford a house, a car, food to make proper meals with, etc. People wouldn't have to struggle to survive each month.
Per the US census bureau, around 43% of adults earns 25k or less per year. If we take a person earning 25k gross income and that person wants to rent a home, typically a landlord will require the person to earn 3x the rent in monthly income which would be around $2,083 per month and that needs to be divided by 3 to get the max amount of rent they'll likely be approved for which would be around $694.
In most cities now days, a roach infested borderline condemned tiny studio apartment costs $700 and up so 43% of adults are likely having to live with family or have roommates just to be able to afford a cheap home. If the person chooses a roommate then they'd need a 2br home which will increase that price at least to $900 or higher which would allow the two people to get over that 3x threshold.
No one can force a landlord to lower their prices, as far as I know so even if the financial system were fixed there might still be lots of greedy landlords trying to milk tenants for every extra dollar possible. It is very easy to afford a mortgage for a house but banks typically require a 20% down payment which is what makes buying a home out of reach for many.
An average ole 3br house with 1/4th acre yard will easily be $200,000 and up. At the bottom end of $200,000 would be a $40,000 down payment up front. How many people earning 25k or even 50k per year can come up with a 40k down payment? There are government programs to help low income people get a mortgage with a low to no down payment but then the monthly mortgage payment would be considerably higher.
Regardless though, if the financial system were ever fixed, people would at least have a chance to have a good home instead of struggling to afford dumpy homes.
Understood. I hope we can all go back to more affordable times.
Yup, it sure would be nice. I'm doing good in life but I know a lot of people are not. I also know that a minimum wage job is not supposed to be a career job that can support someone or a family but now days people stuck on minimum wage jobs barely get by in life. Some people get stuck on minimum wage jobs because maybe their career job did lots of layoffs which happens more often than people might think. There's also elderly people that retired years ago but had to go back to work in their 80s to be able to pay their bills.
A lot of people don't ever take a moment to think about the millions of people dealing with real struggle. Sure if the financial were properly fixed then I'd be living a much nicer life but I've never been a greedy person though. I have plenty of land, a home, vehicle, money saved up, etc but I've also given up things over the past several years. Fortunately I'm able to maintain a good savings without having to use it because we never know what might happen in life from day to day and although I have credit cards, I'd prefer to not depend on them for any unexpected major expenses.
I know this website GAW, has largely focused on Q related things but it has to be more than just talking about the evil snakes hiding in the shadows one day finally seeing justice served. Back when my parents were alive, a few years ago, one of their neighbors was an older woman that had worked for a company right at 20 years and was planning to retire after 20 years but the company decided to lay off everyone that was near retiring. Fortunately she was able to hire a lawyer to get her retirement but lots of people have been getting screwed heavily in recent years all over America.
It's very easy to focus on winning the war, it's always much harder to win the peace.
There's going to be lots of soul searching on both sides when all's said and done. Let's hope those of us who prepared really are in a position to help others.
Good luck to you and yours Fren.