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Rune of Svalbard
Big Super Living In Arizona
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Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Big Super Living In Arizona" channel.
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Unfortunately, if you were middle class in 2019; you're most likely lower middle class or lower class in 2023.
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I tried to warn my family about the incoming inflation and loss of dollar value during 2021. People looked at me like I had three heads. Now my parent have burned thru their 401k trying to finance their lives and they don't understand why everything is so expensive. The USD M2 Chart suggest that inflation has increased 42% since January of 2020. This is easily reflected in all prices! If you were center middle class in 2019 and you didn't get a big boost in income. Then you are most likely (lower middle class) or (lower class). It takes at least $80,000 single to put you in the lower class. It takes upwards of $130,000 joint to put you in center middle class.
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This is basic Keynesian economics, but most people don't know because the financial literacy in this country is piss poor. Productivity and exports MUST increase linear with inflation OR you will have stagnate wages with rising prices. All inflation is a result of debt obligations; both private and public. If you have a 0% car loan or 1% mortgage in 2020; then you by default have contributed to the inflation wave of 2021-2023. Artificially low rates cause artificially high demand; high demand cause prices to rise.
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@@carolew.5384 Greed of landlords; don't make me laugh. Bud, have you ever even spoken to someone that's a landlord. Even landlords are hurting immensely. This has nothing to do with greed and everything to do with the inevitability of a Keynesian system. Artificially low rates = artificially high demand = higher prices = inflation Blame the Federal Reserve and all the quacks that got 0% auto loans and 1% mortgages in 2020.
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