Max is good on these. Looks like he really believes what he is saying & he has become a prepper.
We "elders" have the memory/knowledge of the 20% inflation of the early '80's & how we all thought we were getting rich, until the hangover set in.
The banksters are past masters at sucking our work credits.
Can we hear the "new sucking sound" ?
Can we emulate Iceland ?
There is a massive, almost humongus sucking sound developing Taezzar. The SX is about to undergo an unprecedented correction. The bigboyz will have closed all of their positions well before this occurs. It will be the mums and dads investors that will be wiped out. The current issue we have today is the fact that people are starting to wake up. For many more, the awakening will be too little and so late. I am currently reading a book titled "The road to ruin" by Jim Rickards. Bloody scary times ahead of us.
Was that "hangover" for the people that were in debt or the people that had extra & put it into CD's at 16+%?
It did hit house prices. Principal + interest raised the monthly payment so when interest rates dropped to 10% selling prices rose and payments remained the same.
Same thing happened in the 2000's when rated dropped to 5% and payments remained the same.
Rampant inflation is rampant taxation. Gold spiked to $800 & silver hit $50 then they crashed. Homes started an escalation that took my home to 5X in 10 yrs.
People that sold their homes actually could not qualify to buy their home for the same terms that it sold for. Wages did not keep up with the rampant inflation. Mexico was paying 32% on savings that were in US Dollars. This was an absolutely unsustainable thievery of peoples "work credits" (money). I saw it then & I see it now, as the beginning of the end of the middle class. Wages did not keep up with inflation. Yes you may have gotten 16% on your CD BUT inflation was 14% and crashed to 3% by 1987 BUT homes continued to escalate wildly. To me, the only safe heaven was real estate. Then in 1992 that market went to hell & homes dropped dramatically. Then in the late 90's homes took off again & after the correction of 2008/9 homes have been stagnant, by comparison. The end result, today most people cannot afford a home because minimum wage has been accepted as a CAREER OPORTUNITY & homes are $100K & up !!!!! The banksters manipulated a large part of society into poverty !! The war on drugs certainly did not help !! An appropriate wage today, to allow you to live at the level of the 1960's, is around $50/60 per hour, who, in the work force is making that ?
The people have been fucked without even a kiss !!!!!