☰
×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules
17

The FED just raised interest rates another .75%!!!!!!! The third time they did this in a row. They are killing the economy deliberately!

submitted by GeneralDisarray to EconomicCollapse 1.7 yearsSep 21, 2022 14:39:52 ago (+18/-1)     (EconomicCollapse)

Housing will be falling hard.

Car loans fucked.

Credit cards fucked.

National debt fucked.

Corporate debt fucked.

Every American is now paying the price for the central banks printing themselves free money. You are being punished for their robbery.

Lots of other central banks around the world are expected to follow.

This will speed up the crash. Get ready folks and good luck.


29 comments block

sort by: hot new top old low

[ - ] ParnellsUprising 7 points 1.7 yearsSep 21, 2022 15:17:07 ago (+7/-0)

You pay for it one way or the other, rates or inflation.

Historically, rates need be 2% higher than the inflation rate, so based upon their bullshit inflation rate of 8.6, you should expect rates to be at least 11%.

The not so funny part of that, is once rates go over 4%, they will need to print money to service the debt, and exactly how you get yourself into hyperinflation.

Buckle up, its going to get rough.

[ - ] usedoilanalysis 0 points 1.7 yearsSep 21, 2022 16:20:38 ago (+0/-0)

Does that mean the interest rate is going up on current loans?

[ - ] ParnellsUprising 3 points 1.7 yearsSep 21, 2022 16:35:12 ago (+3/-0)

New loans, yes, current loans would depend on what type of loan it is. If it is a fixed rate, no need to worry.

[ - ] usedoilanalysis 0 points 1.7 yearsSep 21, 2022 17:44:30 ago (+0/-0)

If it's not going to affect my mortgage idgaf I have no real debt besides that. And in a year it'll only be maintenance and property tax.

[ - ] KangzNSheeit 1 point 1.7 yearsSep 21, 2022 18:49:02 ago (+1/-0)

You should give a fuck if it tanks the economy and you get laid off

[ - ] usedoilanalysis 0 points 1.7 yearsSep 21, 2022 19:20:48 ago (+0/-0)

That would only happen if all the turbine engines suddenly vanished overnight.

[ - ] diggernicks 0 points 1.7 yearsSep 21, 2022 20:42:56 ago (+0/-0)*

Yeah without me america quickly turns into a 3rd world shit hole

Not worried a bit

Don't be a part of democrat liberal shit tier jobs

[ - ] GoldenAgeWhen 0 points 1.7 yearsSep 21, 2022 22:33:50 ago (+0/-0)

on the bright side you could post-birth abortion all the black kids you'd want.

[ - ] diggernicks 0 points 1.7 yearsSep 21, 2022 22:35:26 ago (+0/-0)

I'll have my hands full trying to survive id imagine

[ - ] Unreasonable 0 points 1.7 yearsSep 21, 2022 17:16:45 ago (+0/-0)

Not only that, as other countries collapse they’ll want to have dollars instead of euros or lira or whatever trash currency they have, even more so with higher interest rates, putting even more pressure on inflation as other countries collapse into the US.

TLDR; the more they raise interest rates the higher inflation goes. Hyperinflationary collapse happens no matter what.

[ - ] SteppingRazor 3 points 1.7 yearsSep 21, 2022 16:40:49 ago (+3/-0)

That means my savings account will gain more interest. I just saw a 15 month CD for 3%, probably go higher soon.
I’m not buying a house or car for quite a few years so I’m good. My next car will be bought with cash.
Living within my means for the past 15 years is paying off.

[ - ] Inflatablecat 0 points 1.7 yearsSep 22, 2022 05:11:39 ago (+0/-0)

With inflation over 8% you just lost 5% of everything you put in the CD, and 7ish on every dollar in the savings account

[ - ] SilentByAssociation 1 point 1.7 yearsSep 21, 2022 22:24:34 ago (+1/-0)*

Interest rates being as low as they were, it just put the leverage in sellers' hands. The low rates made houses incredibly affordable. Now, the leverage is back in buyers' hands. People will still be buying and selling homes.

The car loans going under have admittedly been poorly underwritten. They were handing out loans to folks who don't necessarily have an ability to repay.

Carrying a balance on credit cards has always been a bad idea, but now it's a bit worse of an idea.

End the Fed.

[ - ] Doglegwarrior 1 point 1.7 yearsSep 21, 2022 18:04:02 ago (+1/-0)

Right as I am finishing a duplex to put up for sale.. thanks biden

[ - ] SilentByAssociation 1 point 1.7 yearsSep 21, 2022 22:07:21 ago (+1/-0)

You might consider owner financing with a balloon payment.

[ - ] GeneralDisarray [op] 0 points 1.7 yearsSep 21, 2022 18:21:11 ago (+0/-0)

Get it on the market now and get ready to convert those dollars into precious metals and crypto.

[ - ] NeonGreen 0 points 1.7 yearsSep 22, 2022 00:07:57 ago (+0/-0)

I believe they are going to straight up collapse crypto markets to make say for the digital dollar.

You can't eat precious metals. Sure keep. A small bag for trading but the real value is in food and durable goods.

[ - ] Nozyedys 0 points 1.7 yearsSep 22, 2022 00:43:47 ago (+0/-0)

I believe they are going to straight up collapse crypto markets to make say for the digital dollar.

Yeah the white house has launched an investigation into crypto, it won't be long before they announce a ban and then it will plummet in value.

[ - ] feminismisculturedeath 1 point 1.7 yearsSep 21, 2022 17:45:54 ago (+1/-0)

They pump money into the economy and then blame "rising wages" rather than their money printing and so the only solution is to cull the wages. The elite will continue to gorge themselves on additional wealth which they pick up during these times. You are already starting to see "plutonomy" styled splits in many sectors.

[ - ] TheSimulacra 1 point 1.7 yearsSep 21, 2022 17:00:41 ago (+1/-0)

The economy died decades ago. They are keeping it on life support so they can cash the social security checks.

[ - ] FreeinTX 1 point 1.7 yearsSep 21, 2022 14:42:21 ago (+1/-0)

Yeah, they should just keep printing money. Nonstop, forever.

[ - ] SirNiggsalot 0 points 1.7 yearsSep 22, 2022 14:03:33 ago (+0/-0)

Great News !
Let's crash this baby and let the good times roll !

[ - ] o0shad0o 0 points 1.7 yearsSep 21, 2022 21:40:59 ago (+0/-0)

Right now we have a choice between stagflation, which is the worst combination of recession and inflation, versus hyperinflation, which will destroy US money entirely. This was all caused by our addiction to both overseas products and massive money printing. Pick one.

[ - ] HowDoYouDoFellowNiggers 0 points 1.7 yearsSep 21, 2022 20:04:08 ago (+0/-0)

ITS THW APOCALYPSE!!!! EVERYBODY PANIC!! DONT PREPARE! PANIC!!!!

[ - ] Bottled_Tears 0 points 1.7 yearsSep 21, 2022 18:03:51 ago (+0/-0)

I only have one loan and it's my first for a car.

I bought it January 2020 before everything started tumbling.

Does this mean my interest rate will go up or I'm locked in and this is for people currently buying cars?

[ - ] Mr_ 0 points 1.7 yearsSep 21, 2022 19:55:19 ago (+0/-0)

Depends on the loan. Read your paperwork, if it’s a variable rate, then yes up goes your interest rate. If it’s fixed, then nothing to worry about until your next loan.

[ - ] Cantaloupe 0 points 1.7 yearsSep 21, 2022 15:44:03 ago (+0/-0)

They basically have to, or take the blame for not doing so.

It really sucks our leaders are fucking corrupt idiots, and the mask wearers support this shit.

[ - ] deleted -3 points 1.7 yearsSep 21, 2022 16:29:12 ago (+0/-3)

deleted

[ - ] diggernicks -1 points 1.7 yearsSep 21, 2022 20:44:19 ago (+0/-1)

gayia