Opinion: Start figuring out how to make poverty fashionable unless you own untouchable assets. Government is primed to take everything else.
the U.S. will spend more on debt interest payments in 10 years than on the military — and it is not sparing any expense on the latter. The U.S. is a prominent example of an emerging debt crisis, but the situation is not much different in other developed countries that have been printing money like there’s no tomorrow.Is a debt default on the horizon? It’s unlikely in the short term.
However, the debt problem will not vanish. That means a gradual and prolonged deterioration of people’s living standards through inflation. This will happen through regular price increases and hidden inflation, such as reduced product quality and smaller packaging sizes.Various narratives can be used to justify this deterioration. The most “promising” approach would be to make poverty fashionable.
The key thing to remember is that it would be easy to hide currency devaluation as the performance of currencies is measured against other currencies, which all share the same problems. When the purchasing power of the U.S. dollar and euro declines due to rampant money printing in both economies, the euro and USD may stay relatively stable, creating an illusion of stability for both currencies.Meanwhile, the average new car payment is now $800/month.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oklahoma OKs the nation’s first religious charter school – but litigation is likely to follow | OpinionSchool choice advocates have won key cases at the Supreme Court in recent years, opening up more ways for public dollars to support faith-based education.
Weiterlesen »
Steve Cohen ‘not going to blow up’, make big changes over troubling Mets start: ‘Frustrated too’Steve Cohen hears the complaints about his team and knows that the fans are waiting for a storm to come from ownership toward his underachieving, highest-payroll team ever.
Weiterlesen »
Opinion | Wildfires and Progressive Climate-Change DeniersFrom WSJopinion: Government policies to mitigate the impact of natural disasters matter more than those to reduce CO2 emissions
Weiterlesen »
Working-class women bear the burden of climate change | OpinionIn New Jersey, many women work in industries vulnerable to climate change, such as agriculture and fisheries.
Weiterlesen »