Tear Em Asunder

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TD Elvis

Joined: 08/22/2000 Posts: 32378
Likes: 7565

I'm definitely not a finance guy, although I was a Finance Major at CSU and

and MBA, this is not my forte. But I did live through the 70's and inflation is something that is very hard to control or stop once it gets going. It erodes everyone's savings and purchasing power. Hell, my parents' first mortgage was over 15% -- can you freaking believe that?

I don't like that debt can get to the point that the interest alone can consume more and more of your national budget -- snowballing until it can no longer be paid. What happens then? Bankruptcy and the risk of authoritarianism.

I think that one of h major things we have going for us is that energy prices are not likely to see the spikes that they did in the 70's. We have enough domestic sources and growing alternative energy prospects to keep that in check.

(In response to this post by Pokebball)

Posted: 02/22/2021 at 11:27AM


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