Comments by "dbergerac" (@dbergerac9632) on "The Great Inflation Panic of 2021" video.

That is the traditional way that deficits are paid off. Human misery.
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@donperrysburg235 A long time ago, the wealthy held secure assets in gold. With the stroke of a pen, owning gold became a felony. Seizing private safe deposits was done to collect the gold for a portion of it's value paid in paper. Don't even pretend that your digital ones and zero's cannot be taken by the government with the stroke of a pen, and without having to raid all those banks. Even if you believe that encryption is unbreakable by a nation-state, they only have to criminalize every exchange of the illegal digital money for spendable money (money laundering ) and that black market bottleneck will eat up most of what you can salvage. You will be given a brief opportunity to exchange your crypto currency for fiat currency. After a deadline passes, you will be on your own with a password and some memories.
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"Spent on company bonds" will benefit companies. But where did the currency COME FROM to buy those bonds? It was borrowed by the treasury from the Federal Reserve. We will all be getting the bill for that. The winner is the Federal Reserve who will receive the interest from the private bonds as well as the government bonds used to finance those purchases. Even the economic classes that pay zero taxes will be paying off this debt via inflation. We have not financed the nation on taxes in decades, we finance it on debt. The sort of debt that makes taxation only marginally relevant.
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They will suffer. In the 70's I was paying over 300/month to share a small apartment while my parents reaped the inflation reward of a 135.00 mortgage on a very nice suburban home.
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@ryanwalthuis1928 For mortgages, interest rates are at record lows and if you lock in a fair payment that payment over time would become negligible in or after a period of higher inflation. Never take the variable rate. Where I live, buying costs about half the cost of rent and rent does go up with inflation. Nonetheless, high inflation is painful.
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