Anyone Afraid Of Inflation?

[IVE GOTTA PACKAGE 4U]

-401k is smoke and mirrors. By the time you get lucky and your balance gets back to where it was your buying power will be down by more than 1/3 or more.
-The US is weaponizing rates. The increasing is meant to bankrupt the world there is no other option. BRICS is doing their own currency.
-There will most likely be only 3 currencies left in the next 5-10 years.
(I’ll stop now. This is a lot to take in)

Stay out of debt and increase your savings that's all you can do right now

 

[Over70irregs]

Stay out of debt and increase your savings that's all you can do right now

Almost…

 

[IVE GOTTA PACKAGE 4U]

Almost…

The best that is no debt

 

[Brownwind]

Stay out of debt and increase your savings that's all you can do right now

Oh yeah. First 500 in savings next 500 in the other account then use the rest for daily expenses. With your 1.65 time bonus spend it on the essentials beer, eats etc

Can’t believe some of the guys I work with are 200 plus in debt. House, truck and life is wicked expensive for the ones in progression.

 

[Over70irregs]

Time bonus…..

 

[IVE GOTTA PACKAGE 4U]

Oh yeah. First 500 in savings next 500 in the other account then use the rest for daily expenses. With your 1.65 time bonus spend it on the essentials beer, eats etc

Can’t believe some of the guys I work with are 200 plus in debt. House, truck and life is wicked expensive for the ones in progression.

Pay yourself first

 

[IVE GOTTA PACKAGE 4U]

No messing around with red-hot inflation: Five questions for the ECB

The European Central Bank meets on Thursday and appears in no mood to slow the pace of aggressive interest rate hikes given red-hot inflation -- even as the economic outlook darkens.

www.reuters.com

 

[Over70irregs]

Inflation is not becoming 'embedded' in economy, Yellen says

Inflation is not becoming a permanent part of the U.S. economic picture, Treasury Secretary Janet Yellen told reporters Friday, addressing a growing concern that high prices could be here to stay for Americans.

www.reuters.com

 

[Brownwind]

Pay yourself first

Atta boy…. Poppa likes the good stuff

 

[IVE GOTTA PACKAGE 4U]

Atta boy…. Poppa likes the good stuff

These movies don't get it

 

[Up In Smoke]

Third quarter initial GDP read out of 2.6%. This number is a little misleading because first and second quarters were lite because of China being closed to imports because of Covid. The value of the dollar increasing and exports catching up influenced the initial GDP numbers. I could see a number much closer to zero for the final read out of the year.

 

[Over70irregs]

Third quarter initial GDP read out of 2.6%. This number is a little misleading because first and second quarters were lite because of China being closed to imports because of Covid. The value of the dollar increasing and exports catching up influenced the initial GDP numbers. I could see a number much closer to zero for the final read out of the year.

They might be already doing QE Pivot

 

[IVE GOTTA PACKAGE 4U]

 

[Over70irregs]

They might be already doing QE Pivot
View attachment 405672

We all know it’s coming. Just how soon. They have no choice. Don't forget this is war between the old system and the new system, and it is only for all the money in the world.

 

[Wally]

Soft landing?

What if the Fed’s own forecasts are wrong?

Feds are instructed to condition their view on an optimal monetary policy, which obviously makes better outcomes achievable

www.livemint.com

 

[IVE GOTTA PACKAGE 4U]

Sterling ticks up as UK inflation hits 41-year high

Sterling rose against the U.S. dollar on Wednesday following UK inflation data that topped expectations and raised the chances of yet more interest rate hikes by the Bank of England (BoE). "Inflation is over five times the BoE’s 2% target and adds pressure on the UK central bank to raise...

finance.yahoo.com

 

[Over70irregs]

 

[Wally]

View attachment 408066

We are also taking in record tax revenue.

 

[Over70irregs]

We are also taking in record tax revenue.

Who has $ to pay?

 

[Wally]

Federal government sets record for October tax collections; spending spigot still flowing

The federal government set a record for tax collections in October, the first month of the fiscal year, by collecting about $318.5 billion, according to the Treasury.

amp.washingtontimes.com