Subnostr

One of my clients just moved into a 20 year old poorly constructed 3300 square foot 4 bedroom, 2.5 bathroom track house in the suburbs. The rent is $3,500 per month… $7000 to move in (first and deposit).

The fiat system is nearing functional failure as things slip further out of reach for 95% of the population.

I think we see price controls and/or UBI or monthly “stimulus” checks within the next 5 years to prevent full-blown implosion. QE definitely incoming too as the federal government is well past broke and the world is moving away from US debt instruments. Steady….

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Discussion

Boog 1y ago

My gawd

BTC_P2P 1y ago

Sure ain’t good..

Toxic Bitcoiner 1y ago

Feddie buying 2nd mortgages is one such stimulus.

BTC_P2P 1y ago

Definitely. More interventions will have to be implemented to keep up with accelerating fiat degradation.

nobody 1y ago

Doesn’t feel like everything besides btc is crumbling? And it’s picking up on acceleration

BTC_P2P 1y ago

Pricing goods per minimum wage hour is a great measure of how poor the poor have really gotten. Not sustainable. Middle class in the US reduced by something like 75% in the last 20 years. Lower class (poors) increased by at least 25% in the same timeframe.

Permanent UBI (and subsequent hyperinflation) is coming just to hold the whole thing together for a bit longer. Really might happen.

nobody 1y ago

Yep I can see it

Beiner 1y ago

Thats nothing around my way they ask for first, last and security deposit. So $10,500 just to move in.

BTC_P2P 1y ago

So stupid😂😂

Resonance Cascade The II 1y ago

Around my way we already have stealth UBI, have for many years;

Rent assistance

Daycare allowance

Cost of living assistance

Energy assistance

People are conned into thinking the inflation rate currently is 3.5%