American's living Paycheck to Paycheck

[Fife]

The only way to do it is bust your ass and out work the system, live on beans and rice if you need to and choose frugal entertainment and relaxation.

+1.

Do what Uncle Carlus told you, buttercups.

[Fife]

Yep, we're a debtor nation. If you don't understand the playing field you're an idiot

If you don't understand that inflation is almost non existent in relative historical terms, then you're the idiot, mate.

Oh, it's real, and it's spectacular M8. HRH must give you Maple pensioners some really good gibs on groceries.

[Smitty-48]

Yep, we're a debtor nation. If you don't understand the playing field you're an idiot

If you don't understand that inflation is almost non existent in relative historical terms, then you're the idiot, mate.

Oh, it's real, and it's spectacular M8. HRH must give you Maple pensioners some really good gibs on groceries.

Core inflation in July of 2017; 1.7%

Core inflation in July of 1975; 14%

[The Conservative]

Yep, we're a debtor nation. If you don't understand the playing field you're an idiot

If you don't understand that inflation is almost non existent in relative historical terms, then you're the idiot, mate.

That's what happens when you have a government that can print its own money.

[jediuser598]

Inflation isn't necessarily a bad thing considering our economy is one pretty heavily based around loans. If all the banks stopped loaning out money and most people had to buy things outright, then most of you would be fucked.

If our currency started deflating, then why would the banks ever loan out money? Say we started anually deflating at a rate of 3-5% per year, that means holding on to your money, and the bank holding on to their money, gives them a 3-5% investment return on doing nothing with their money. With inflation, unless you move the money, the money loses value, so holding onto it isn't always the best investment strategy.

Sure it screws us little guys who don't invest and just work, but it's the oil for the economic engine, at least that's how I understand it. (I'm not an economist so I could be wrong).

[Smitty-48]

Yep, we're a debtor nation. If you don't understand the playing field you're an idiot

If you don't understand that inflation is almost non existent in relative historical terms, then you're the idiot, mate.

That's what happens when you have a government that can print its own money.

No, no, my government can't do that, there's only one King Dollah, and only he can get away with that.

Anybody else tries that, they will face spiraling inflation, but King Dollah's IOU's, are like printed gold.

Unless he blows himself with hydrogen bombs that is, but otherwise, he's good like that.

[Smitty-48]

Sure it screws us little guys who don't invest and just work, but it's the oil for the economic engine, at least that's how I understand it. (I'm not an economist so I could be wrong).

You are wrong, inflation doesn't screw the little guy who doesn't invest, inflation is his friend, inflation means he never has to pay the piper, inflation screws the guys with the money not the guys without, as if you don't have any money, what do you care if it is devalued?

[Fife]

[apeman]

(I'm not an economist so I could be wrong).

No you are correct, inflation good for debt holders (including the biggest one of all, Uncle Sam)

The only way to do it is bust your ass and out work the system, live on beans and rice if you need to and choose frugal entertainment and relaxation.

+1.

Do what Uncle Carlus told you, buttercups.

HA!

I was infamous at law school for only drinking Natty Light because I didn't feel good about spending loan $$$ on fancy beer.

Ask Kazmyr, he was there.

[Smitty-48]

Lolberg alert, everybody get out your umbrellas, the Paulites are about to spooge all over the thread.