First!
I just checked my balance, I received a direct deposit from the feds just after midnight.
I just checked my balance, I received a direct deposit from the feds just after midnight.
- Thread starter broncoaz
- Start date
same here
The income cap that was published must be incorrect.
We don't get anything......but I bet we have to help pay it back!
Long lines at the dispensaries and liquor stores today.
True,... it just digs the hole deeper for your kids an grandchildren.
Yeap. It's like those interest only mortgages that were popular just before the '08 financial crisis.
I would not know myself.
My wife and I attempted to do some reverse-engineering and came to the same conclusion.
Got mine but why can't I be that guy that accidentally had $8M deposited to his account? See ya'll in Belize!
I've heard that all my life, yet never seen it explained clearly enough where a rock thinker could understand it.
How will it come due ?
How will they make the payments ?
When is the first payment due ?
How, exactly, will they know when collections are started ?
When will it start taking food out of their mouths ?
As long as "they" keep printing and throwing it out, and the debt gets bigger and bigger, it would seem, and it does seem, to be an uncollectable debt, already written off...
Real questions for the coming generations who have no frame of reference...
At some point it becomes clear that not only will the debt never get repaid, but the US can no longer service the interest. Welcome to Zimbabwe.
I've seen it small scale with companies that suddenly realized they were broke. Like it was a surprise to them.
Who's holding the bag?
| Entity | Debt Holdings | Share of Total |
| U.S. Government and Federal Reserve | $8.1 trillion | 36.8% |
| Foreign and international | $6.3 trillion | 28.5% |
| Mutual funds | $2.06 trillion | 9.4% |
| Pension funds | $0.92 trillion | 4.2% |
| Banks | $0.77 trillion | 3.5% |
| State and local governments | $0.69 trillion | 3.1% |
| Other investors | $3.18 trillion | |
| Total | $21.97 trillion | 100.0% |
Cha Ching!!!!
That's meaningless to a 20 year old with no frame of reference.
Explain how it's going to take food from her mouth, where the stimulus check is actually feeding her.
That's one problem with the education system today, the chart shows the debt, the amounts are so staggering to a just starting the work force teen, and mean nothing.
And to some adults receiving the check, that chart means nothing, as people have been reduced to day to day survival.
@MtnCreek
I still have my Rhodesian bush jacket, that I can wear again since I lost 40 pounds. What do you want to tell me about Zimbabwe and how it relates to that chart ?
Not trying to offend or be a smart ass to you Brother.
Like the old joke: How did you go bankrupt? Slowly at first, and then all at once. A jump in interest rates to a "normal" level of perhaps 8% would quickly cripple the federal budget.
My investment advisor hypothesizes that we'll simply inflate our way out of this mess. He might be right, for there is no other contender for a reserve currency on the world stage, and the likelihood of one successfully emerging while we still maintain strategic dominance is low. I believe that we'd need to get a beat-down in WWIII before the dollar loses its status, and at that point, the value of my bank account may be a trivial matter.
I took a substantial hit in my personal income a few years ago when I decided that raising my boys right was more important than earning a fat paycheck. I had to wrestle my ego into submission in order to come to terms with the fact that I'll probably die with a lot less money in the bank, but that's OK.
No Bubba,
Jesse James robbing the rich to give to the poor...
Yep, we might come to a bad end when the new Ford cousin comes to visit, if we turn our back to straighten the picture frames.
Plenty of TP at the "new" liberty missouri bank, waiting to be taken.
Hey at least this time the check is coming to Americans and not some foreign country
Check hit my account this morning, just waiting to see how they are going to get it back on next year's taxes
my post was a theme on the running joke around here...but I guess that went over some peoples heads...
Spend it on Chinese trinkets and you’re a monkeys uncle.
Debt, Housing, Food, German glass, or hookers in @Bigfatcock ’s case is acceptable.
Debt, Housing, Food, German glass, or hookers in @Bigfatcock ’s case is acceptable.
Spend it on Chinese trinkets and you’re a monkeys uncle.
Debt, Housing, Food, German glass, or hookers in @Bigfatcock ’s case is acceptable.
+1 on the hookers
No, I'm just getting some of the money back I've been paying for the last 27 years of my life.....
I use paper checks. Who knows when I'll get mine.
I still think next year's taxes will start the repaying. My plan is to cash it and put cash in my safe unless absolutely needed and hold it till after next years taxes.
I still think next year's taxes will start the repaying. My plan is to cash it and put cash in my safe unless absolutely needed and hold it till after next years taxes.
Rumblings about that ranchers can’t feed the cows. A side of beef with a shiny new freezer and generator to run it will hold its value.
It's going to be "paid back" by printing more and more money, higher and higher inflation. Then the real calamity will begin.
To me I think it's funny because it's not their money they're spending, it's your future tax dollars. You will be on the hook for this as your children and grand children will be too. I guess it's not that funny anymore.
There's not a dairy man alive who would sell his herd for meat. Most have a name for each and every one in their herd. ?
Interesting how some can not see, how the money game is played. The consumer pays the whole tab period. Company's, Corps, LLC's ect in reality pay nothing, as the tax they pay is funded to them via their sales across the board. If they have a very large tax bill they up their products cost, or cut jobs, who gets hurt by that? People who don't know or think the consumer does not pay for it all are living in dream land. The cost of all products an services go up across the board when uncle needs more money, yet the clueless do not see that. I doubt the average person has a clue as to why shit was moved to china in the first place. Was it greed, Corp life saving, or the fucking products cost to much, do to regulation an taxes, do to .gov wanting more of the pie? People need to wake the fuck up an smell the B/S that is raising their slave percentage level, everyday. Uncle knows with slick marketing an ad campaigns he can move the weak minded into believing the sun rises in the west, evidenced by many reply's here.
Getting excited about a stimulus check is like getting excited at the strip club.
in the end you’re still fucking yourself
in the end you’re still fucking yourself
They are already thieving at a 50~60% rate overall. The brainwashed younger generations want even fewer scraps distributed via socialism.
The ship ain't gonna turn away from the iceburg. Might as well secure what you can for the impact. Cause we are navigating at ramming speed.
The day is soon coming if you don't have something on hand, you ain't getting it.
Since the Fed has to print this money for you all to get it, they are just devaluing the money any one already has in their savings account or retirement account. Which means all those baby boomers aren't going anywhere any time soon and the gen Xers and millennials will have to wait longer to get those jobs.
https://www.foxnews.com/politics/tr...irus-stimulus-checks-sent-to-americans-report
This is why I fucking love this man! Let's see how many "he's not my President" assholes return the checks with Trump's name on them. My guess, ZERO.
This is why I fucking love this man! Let's see how many "he's not my President" assholes return the checks with Trump's name on them. My guess, ZERO.
I just read that the poorest people will be getting their checks first. I guess I am not one of those people as my checking account still reads close to ZERO! I don't know whether I should be happy or sad???
Wasn’t this virus supposed to kill all the baby boomers and fix that!?!
This shit has been going on for decades. Each generation, pays for the next and the next, the beat just keeps on and on and on......Has anyone been worse off for it?? I haven't noticed. Not saying if it's right....or wrong, but....Mac
In reality some are above 70% now if you factor in the got to have toys. People don't realize or either don't care about the taxes they don't directly see, but they are higher than those, most do see. People are stupid an corp's, ect an .gov rely on that to keep the shell game going. Most of this B/S started with hoover, got widely expanded by FDR, then went on steroids when LBJ go in. Once the gov (R's & D's) failed to see quality push back after 68, the tax money stolen to line pockets was but a freebee to any tic elected.
