Let's say the Q/Trump/White Hat plan comes to fruition, and that they will show us a beautiful new world and golden era for America after the swamp is drained, what do you think that future will look like for Americans?
Many of my loved ones are drowning in debt, whether it be student loans, CC debt due to emergencies, rent/mortgage and inflation, or medical bills.
My aunt and uncle in particular are very close to becoming homeless and they have a son who's in middle school still.
What will America look like in 10+ years for people like us, who used to be considered middle class but are doing very badly? Is there hope for life to improve? Is there hope of affordimg a home in the future, is my family destined to be debt slaves for the rest of their lives?
I'm grinding away to pay off my parents debt so that my mom can retire. I want her final years to be comfortable and not slaving away at work just to be able to make ends meet and afford to live. But whatever financial progress I make, I face a setback, like the IRS suddenly charging us $5k earlier in the year. I don't think I can take anymore.
The reason why salaries are so high is because of the ever inflating fiat currency system. The actual numbers of money don't really mean anything since its just an imaginary number used by the Fed to make calculations to ensure the society is going in the direction of their goals.
Think of a bus that needs to go faster and faster, and if it slows down even a bit it explodes (like the movie Speed). The scenery might be fantastic and people might really have a great ride, but as it keeps speeding up eventually its going to burn out and kill everyone.
This is basically our financial system. Think about how you can get all the people out of this beast bus into a real bus where they can be safe, but without the evil people taking note and exploding it. (Again, that was pretty much the story of the movie Speed).
The ones who manage to jump out of the bus or trying to jump out of the bus are the ones who are most in danger and might get injured. But once you jump off, you will feel weird, because suddenly you are in a very slow bus (relatively) and you are not used to it.
Thats exactly what it would feel like when the beast system implodes and we return to sound financial system. Yes, the salaries will drastically reduce. The prices will also drastically reduce. Infact it would feel like the whole economy has slowed down. But once we get out of the "Ever speeding bus" mindset, we will realise that. this is actually better way to live.
For example, salaries might be low, but say the house prices relatively would be much more affordable. Families wouldn't have to work multiple jobs just to keep up. You wouldn't have to work overtime, nor work for years before saving up even deposit for a house and your savings don't lose value.
This is what a financial system backed by real growth and no fiat currency would look like.
The Speed movie bus is a fantastic analogy, thanks for explaining all this in a way that's easily understandable.
I have a couple questions as I'm fairly ignorant on this topic.
My home has increased quite a bit in value over the last few years, is it safe to say when the economy is "fixed" (get off the speeding bus so to speak) that the value would drop significantly? Do home values ever organically increase or is it always attributed to inflation?
Being able to afford cost of living and taking care of a family on just one salary would be amazing to see. If those families do decide to have two salaries and work overtime in such a scenario, since so many people are used to doing that, how far would that kind of money get them in such a prosperous economy?
Most of thee value increase you see is an artifact of real inflation. The mechanism is pretty easy. Fed prints trillions. It uses a good chunk of this money to buy the market. This includes Mortgage backed derivatives. What this means is that banks can make more risky loans, and package the loans into mortgage backed derivatives and sell it to the Fed.
More easy loans = more purchasers for houses = prices go up.
When the economy is fixed and all these loans get called, one way or another, there will be tons of foreclosures and of course the house prices will drop as a result and eventually come back up to its right value.
The only way for house value to organically increase (without any renovations that is) is if the area gets developed, more people move in and more real economic activity happens in that location.
There was a post a while ago that showed that the average property price in ounces of gold has not changed in 200 years.
Let me put it this way. Whatever marginal increase you would experience with double income, will not be able to offset the reduction in your quality of life due to two people grinding.