Those are scary numbers. Logistics has always been a good leading indicator. Good for the Bitcoiner,of course,but yeah not a great outlook otherwise.
I have people close to me who are financially hurting now... They were helped during the Covid crisis and hope the current administration have something similar during this next big money printing cycle I used my stimmy checks for gadget purchases, I was not hurting, defi summer was fucking crazy,
You received covid stimulus checks? One thing I was thinking about after learning all the grift from DOGE findings was to create an application to automatically apply for all grants and free stuff.
I did, I was still employed and our household salary, nor my annual salary wasn't high enough, lol You didn't get the stimmy checks? you can use AI to write the code, or generate the random data, go get some of the hacked database out there on the dark web
I recently seen a news report that interviewed a couple in Connecticut about food insecurity and food banks. They were both employed bringing in 150k annually and crying about having to get groceries at the food bank. Three kids, two of them in college. I know prices of homes, cars, insurance are outrageous right now but I couldn’t help but think that this family had some spending problems. The national average for a family like this is about 70k annually and they’re making it work. People have been brainwashed to spend more than they have and it’s getting extreme.
They likely live in a what I call a bunker home. High fences and/or hedges, motion sensor outside lighting aaaaaafraid of their own shadow.
Now that I think about it I remember meeting someone who worked at a food bank. I also remember them saying that you had to financially qualify to shop there. I wonder how the Connecticut family qualified with 150k income?
It's definitely location-dependent, in California, that's a family of 5, with 2 in college, that is not enough $150k gross, I assume, which would be a little over $100k net Everyone in the US was conditioned to be in-debt, due to NIRP and ZIRP for the previous 15 years before 2022, guess what? no longer low-interest environment and people are F*cked, having a high cc balances, high auto loans, helocs and other personal loans It sounds like they had 3-5 cars, $2K/mo payment? car insurance another $1-1.5k, that's about $40k/yr Rent is another $3k/mo or mortgage plus property tax maybe $2.5k, so another $30-35k/yr housing costs No utilities, no groceries, no gas, no other expenses, no cc payments and other loans, already $75k/yr
Powell : "Stablecoins need regulations" Trump the very next day: "Powell can't be gone fast enough" The president of the USA is trying to protect the biggest fraud in the world. Amazing times. Nothing can possibly go wrong here.