halt_spell
halt_spell t1_j35jxit wrote
Reply to comment by pifhluk in US jobless claim applications fall to lowest in 14 weeks by AudibleNod
Wrong.
Nobody wants to admit that inflation has been out of control for decades but held back behind a dam where only the 1% could swim. Now the dam is cracking and what they're really afraid of is people paying off their debt. Because most of America's "wealth" isn't natural resources or innovation. It's a bet that they can exploit people's labor for the next 100 years. That bet hinges on people having massive debt like student, home and car loans.
Inflation already happened. They're trying to drain the dam back up the mountain.
halt_spell t1_j35kf6h wrote
Reply to comment by fun__friday in US jobless claim applications fall to lowest in 14 weeks by AudibleNod
Inflation already happened. Take a look at all the billionaires and trillion dollar companies. What they're trying to prevent is that money from bleeding out to the 99% where it will be used to pay off debt which the U.S. economy relies on in order to continue to exploit labor.