Scott Downey
Well-Known Member
Biden Is Following in the Same Economic Footsteps as Jimmy Carter - Inflation Here We Come
That is due to policy changes of Biden.
I do think inflation will go up and Biden will cost you money.
The inflation problem though is serious, as if it does rise significantly , the FED will want to raise rates, meaning the interest on the federal debt payments will go way way way up, meaning the percent of GDP just to pay the interest on the debt could become absurd. The value of cash will drop. So your savings value bad as it is, will just go down in value faster.
Biden's green policies, and infrastructure spending, may make many people poor.
That is due to policy changes of Biden.
I do think inflation will go up and Biden will cost you money.
The inflation problem though is serious, as if it does rise significantly , the FED will want to raise rates, meaning the interest on the federal debt payments will go way way way up, meaning the percent of GDP just to pay the interest on the debt could become absurd. The value of cash will drop. So your savings value bad as it is, will just go down in value faster.
Biden's green policies, and infrastructure spending, may make many people poor.