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by frankfrankfrank
1095 days ago
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It’s not personal, because basically everyone does it, but I love how people just say “inflation adjusted” as if we aren’t talking about fraud, they, plunder by a parasitic ruling class that used to live off the “inflation” delta between their assets and profits increasing, and the income of regular people increasing less. What’s gotten even worse now though is that they’ve gotten so greedy and there have been no consequences, that mere inflation is insufficient, they commit open theft and fraud through things like the COVID relief con job where $800 billion dollars go missing or are known to have been stolen. Inflation is simply a manipulative way of covering up fraud, but those vomiting the fraud. |
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Your #1 debt is likely to be a fixed rate mortgage. That payment gets less in real terms every time there’s inflation. And even if it’s not yours it’s still most people’s. So most people are helped by this.
Student loans also have fixed rates.