It’s Probably Nothing

15 Replies to “It’s Probably Nothing”

1. That is a frightening graft. Good time to be debt free.

   1. Graph.. got to love auto correct and not looking at comment before posting

   2. There is probably some frightening graft involved…

   3. The last time I saw such a frightening graft was on the island of Dr. Moreau.

2. Sta stis tics

3. They should not have normalized the index to Q4 2007 as that was not a realistic baseline. Problem is, if they had chosen a proper baseline the graph would be even worse. The take-away is that personal interest payments are up 120% over 2010. Seems unsustainable.

4. “It was at that moment that he realized he f-ed up.”

   How long before we see people selling their heirlooms on the sidewalk to make the rent?

   1. I saw a report on Youtube not long ago. The citizen journaist was interviewing a precious metals shop in SanFrancisco where the dealer was overwhelmed with silver being sold by patreons back to the dealer for money. I don’t think he had any money left to buy any more silver and quite frankly he didn’t want anymore. There were more sellers than buyers. The premise was thatpeople had run out of money and were selling anything they had toraise cash IIRC.
      I wanted to post it to show that I wasnt exaggerating or lying butI just looked and I couldnt find it.

5. Q:
   how can total payments exceed earnings? is the implication people are hawking stuff and cashing in stocks, and pensions?
   not clear how the lines can cross. lm missing something

   1. Increasing debt, every transaction. The whirlpool gets deeper and faster.

      1. oh hawd look at that. f’ing debt. fantasy wealth.
         the whole point of the prediction l was distracted.
         then it pops like a toy balloon.

   2. It’s an index normalized to 2007, expressed in percent. Just means payment increases exceeded earning increases both of which were “normalized” to be 100 in 2007.

   3. Selling assets to pay debt instead of handling the payments with income.

      Otherwise known as eating your seed corn. It’s how you ruin a nation for a whole generation, maybe two.

6. That looks like a commie plan going well

7. Speaking of nothing …

   The AVERAGE … let me emphasize … AVERAGE credit card interest rate in America is 27.89%
   https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/
   Yes, the Banks are getting FILTHY RICH $$$$$ from desperate Americans. Yeahhhhhh but let’s talk about how “white” bandaids are hurtful to POC … you know … things that REALLY matter to their futures. I’m not saying, YOU Kate … but our culture at large.

   And in a related story …
   https://www.mentalfloss.com/posts/why-banks-based-in-delaware
   Most credit card companies are located in Delaware. Why? Because they can charge usurious interest rates. Thanks Joe Biden … 50 years a Senator from the DEBT ORIGINATION capital of the world.