In a stable money society, the only thing a person needs to know is to spend less than he earns, and to save. Such a society is perfect for the middle class that just wants to build a home and continue the society.
And it’s better for interest rates to be moderately high, so he can earn bank interest - because the average person has no time or inclination to engage in stock and real estate speculation. Higher interest rates also mean house prices are lower - because they are a place to live and not a speculative investment.
The only people who win on low interest rates are sophisticated schemers who can borrow at zero and make wild investment bets. If they go bad they walk away or file for bankruptcy on the special purpose entity set up for the play. If they score - they take all the gains, and then go on TV and claim special knowledge to credulous CNBC hosts.
We are living in a casino capitalism society that works against middle class savers who just want to contribute to their community.
@DissidentSoaps@calvinfroedge They are winning because winning for them means not losing and every day they this continues increases the pressure on the US to call for a ceasefire. The Iranians are holding all the cards.
@misraetel@PeterDiamandis Why would energy be unlimited. How long does it take to build a nuclear power plant? So you’re saying in four years energy will be practically free? Do you realize how stupid you sound
Idaho is a headwind regarding the GOP.
There’s 6+ bills written by a Trump 45 advisor @RealTheoWold making their way through the statehouse. This will set the tempo for the rest of the nation, if a red supermajority state can’t make a dent, we’re doomed. Watch Idaho.