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The M.I.C.

The King In The West 👑
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Dollar is pretty much dead.. the full brunt of inflationary pressure hasn’t even hit full bore yet but it will. Everything is costing much more and the case will be who has enough dollars to cover their cost of living and household debts, most will default which in turn spark destruction of the money in circulation thus causing deflation. Banks are in major, major trouble..the collapse of Archegos is a flashing red light to the health of financial system. With the IMF formally reviving drawing loans on SDRs instead of Dollars now again, we are truly in uncharted waters with all the negative hits coming down on the US economically.

This is all going to come to a head by fall, the pain becoming acute by winter. All of this going on with the backdrop of a resurgence of a “stronger” more lethal COVID strain here. There will probably be another stimulus as Congress recognizes that the financial system is close to breaking again like last year and send a bulk of the money to the banks and some crumbs to the citizens.
 

JadeB

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Dollar is pretty much dead.. the full brunt of inflationary pressure hasn’t even hit full bore yet but it will. Everything is costing much more and the case will be who has enough dollars to cover their cost of living and household debts, most will default which in turn spark destruction of the money in circulation thus causing deflation. Banks are in major, major trouble..the collapse of Archegos is a flashing red light to the health of financial system. With the IMF formally reviving drawing loans on SDRs instead of Dollars now again, we are truly in uncharted waters with all the negative hits coming down on the US economically.

This is all going to come to a head by fall, the pain becoming acute by winter. All of this going on with the backdrop of a resurgence of a “stronger” more lethal COVID strain here. There will probably be another stimulus as Congress recognizes that the financial system is close to breaking again like last year and send a bulk of the money to the banks and some crumbs to the citizens.
Argentina 2.0
 

Boujee Bonita Braxton

Spell *My* Name
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Nueve Uno Dos
My loved ones are so worried about me right now and I can’t blame them.

I’m worried about me too.

Being pregnant and dealing with all that I’m dealing with cannot be safe for either of us.

I’m scared to see how this ends.
 

The M.I.C.

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Argentina 2.0

People are falling into a false sense of security because of the stimulus and vaccine dispersal. The truth of the matter is that the 1400 dollar hit had less of an effect than the 1200 check from last year due to the amount of dollars in the system.. it’s taking two dollars from the 1400 check to match the buying power of the a dollar from the 1200 one and this WAS JUST ONLY LAST YEAR.

Smart folks are paying down their debts whilst preparing for conflagration, economic or otherwise, down the line. I also follow the belief that we will go back into a lockdown stage again once cases really start to take off later in the year.
 

Rhapscallion Démone

♊Dogset Emperor and Sociopathic Socialite ♊
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@Obreh Winfrey

tenor.gif
 

N711oir

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:wow: pound cake: "less is more n**** it's plenty of us...."

E Pluibis Unum...:wow:

Out of many......one.




 
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