![]() Uncle Vlad’s Southern Hemisphere Glass Car Park. Good to hear from you JC….my Soylent Brother. That said……most people can’t even spell anymore, so why am I even bothering?!! ![]() Then is a word that pertains to temporal tense. The incorrect usage is when the word “then” is substituted for “than”. The grammatically correct sentence reads “Putin is a far better statement than Biden”. It’s the same with those who confuse the word “then” for “than”…….Grrrrrrrr!!!! I know that you didn’t write the words you provided that were in inverted commas….however, allow me to gently school the readers of this site.Įxample……If your care factor is 2/10….then yes, you “could care less” and go to say, 1/10.īut if your care factor is zero….then yes….you “couldn’t care less”. To be sure……the entire House – Of – Cards is collapsing, and the imbeciles in charge will take the course that only an imbecile could take. Join Greg Hunter of as he goes One-on-One with money manager and economic expert Peter Schiff, founder of Euro Pacific Capital and Schiff Gold for 10.08.22. There is much more in the 46-minute interview. Schiff says own physical assets like gold and silver along with companies that produce things people must have to live such as food and energy. Now that inflation has become the problem, they have no solution.” We have this massive inflation problem, and there is nothing that governments and the central banks can do to solve it because up until now, inflation has been their solution for every problem. ![]() The Fed is damned if it does and damned it is doesn’t. Schiff contends, “You are going to get guaranteed higher inflation. Inflation will win, and inflation is here to stay.” They don’t realize inflation getting worse is a sign that the Fed is losing, and eventually it will surrender. So, they bid up the dollar because the Fed is going to have to raise rates more. Every time we get inflation that is above consensus, the market thinks the Fed is going to have to fight harder to win. Schiff says, “The dollar is going up because people think the Fed can succeed at bringing inflation down to 2%. Stop monetizing debt and stop printing money? Don’t bet on the Fed sticking with that plan. If the federal government is going to stop monetizing debt and raise interest rates, we need massive cuts to government spending.” So, there is going to be a massive implosion. There is going to be no way to finance these companies. The Fed created an economy completely dependent on near 0% interest rates and inflation. How are they going to go from 2% or 3% to 7% or 9%? What about all the junk bonds? How are they going to survive? What about all the municipalities and state governments that have borrowed money at low rates? How are they going to roll that debt over? What about commercial real estate? How are they going to survive?. What about all the debt corporations took on? It has to be rolled over. how is the government going to have to spend $1.5 trillion a year on interest payments on the national debt?. This housing market was built for 3.5% mortgages, not 9% mortgages. People can’t afford to pay 9%, especially when they are borrowing 95% of the value of the home. If the Fed Funds Rate got to 5%, I’ll bet the 30-year mortgage rate would be 9%. We have a lot more debt now, and the economy is less able to tolerate 5% interest rates than in 20. Schiff explains, “The Fed is in the same predicament now, only worse, because it’s a much bigger bubble than the one we had in 2008 or 2018. Look at the falling stock market, and many people are getting increasingly nervous that something is going to break. Money manager and economist Peter Schiff says the markets think the Federal Reserve can win the fight on inflation by raising interest rates.
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