Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "🔴 QE Infinity and Beyond - Ep 552" video.

@tonial5789 Not going to happen anytime soon. If you can't pay your mortgage, your home will get foreclosed on. If you can't pay your car payments, the repo man will take your car. If you can't pay your property tax for a year, the county will put a lien on your home and seize it. Before anything like hyperinflation does happen, millions of people will be sleeping on the sidewalk in tents.
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Welcome to Trump's America where you can be irresponsible, incompetent, stupid, and get rewarded for it.
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Hyperinflation will happen when foreign treasury bond holders decide to sell all their treasury bonds. Then, the US will be in a very vulnerable situation, the Fed Reserve can print all the money they want and bail out every single person, and bail out every failed institution, but this money will not buy much. A lot of stuff we use is imported from other countries, and the price of those goods will go up a lot. This will lead to the US dollar no longer being the world reserve currency, and when that happens the cost of all imported goods will no longer be cheap. We don't even have shoe factories, textile mills, semi conductor foundries, electronics component manufacturers, etc. If you want to buy a smartphone, it will become a lot more expensive to buy, because the money has been very undervalued. In addition to that, you have high tariffs thanks to Donald Trump, so the price of those imported goods will be 30% more. We need parts for tractors, farm machinery, machinery in automated factories, parts for automobiles that are assembled in US assembly plants, parts for automobiles, electronic components to build more complicated machines, etc. If you don't get those parts then the whole economy will stall. The price of those things will go up a lot, and that will be passed on to the consumer.
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@tonial5789 Most of that money is going to be paid out to the same incompetent corporations who caused this mess. The government is rewarding stupidity, incompetence, and greed. As for the regular people, they will just give us enough to just get by. If masses of people can't get enough to eat, people will become crazy and violent. You cannot have that now can you.
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@tonial5789 I wouldn't be surprised if the government sends everyone a $1000 check per month when this next great depression hits. When people get desperate, they will do crazy things, especially in a country where you all these small arms. You would have to buy an armored personal carrier to go to the grocery store. LOL
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@tonial5789 In America, you have big fat people who will think the world has ended if they can't eat for one day. If they don't eat lunch, they will probably eat other people. You never seen a hog in the wild have you? A hog will eat anything, just like these big fat people.
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