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Now, I think the laws for anything is too lenient and soft. Make the penalties so extreme (like Biblical times) that it really makes potential criminals think and further discourage any criminal effort. Steal? Get your hands chopped off. Rape? Get your privates mutilated. Distribute and/or do drugs? Death penalty. |
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:shakes head: |
https://www.cnn.com/2023/05/03/busin...e-decision-may
"The Fed lifts rates by a quarter point" This is the 10th rate hike in a row. Holy sh!t, this is the WRONG move! :shakes head: :mad: :shakes head: :mad: Remember, this coming from a Fed. Chair, Jerome Powell, who said in 06.2022: “We now understand better how little we understand about inflation." Motherf*cker, :gtfo2::gtfo2::gtfo2::gtfo2: |
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:iagree: |
Since this thread has veered off in this direction recently, I present the following:
Enjoy! |
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This is about YOUR money, both cash and credit. If you put anything on credit, be prepared to really pay inflated prices on items on top of already inflated prices. If you are trying to take out a loan, be prepared to get qualified for significantly less. If you buy with cash, it won't go nearly as far as say a year ago. Your buying power with any item goes down significantly due to inflation. Higher rates -> less spending -> slowing down the economy. The problem with today's economic scenario is we are still experiencing a global supply and chain issue. Though it has gotten better, we still have quite a ways to go. Less spending paired with shortage of supply paired with rising costs will yield to catastrophic results. Forget the US debt ceiling, this will hurt the world economy. |
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