What Does a 0.75% Increase in the Federal Interest Rate Do?
This is what the Fed’s interest rate hike means for you:
Average mortgage payments will spike by more than $200 and buying a car or carrying a credit card balance will also hit you in the pocket – but savings accounts could offer returns of 2.4% pic.twitter.com/Z7CcpgbY3L
— Wall Street Silver (@WallStreetSilv) November 3, 2022
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About the Author: Patriotman
Patriotman currently ekes out a survivalist lifestyle in a suburban northeastern state as best as he can. He has varied experience in political science, public policy, biological sciences, and higher education. Proudly Catholic and an Eagle Scout, he has no military experience and thus offers a relatable perspective for the average suburban prepper who is preparing for troubled times on the horizon with less than ideal teams and in less than ideal locations.
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GUNS N GEAR
The abnormally low interest rates over the last decade resulted in financial irresponsibility across all sectors. Savers were crushed, while spendthrifts were rewarded. Now we have an increase in the velocity of fiat money and increasing inflation. Interest rates will need to go higher in order to bring stability back to markets and supply chains. An increase in the standard of living is the result of high savings and the production of goods. All government spending results in the reduction in the standard of living. Of course, the increase in deaths from the death clot shot will somewhat moderate inflation. As long as communist / Rothschild fiat funny money is used by everyone financial responsibility will not return to governments or markets. Who is John Galt? TEXIT!
If you were stupid enough to get a variable rate loan (to save a quarter percent) over the last 5-8 years when money was practically FREE, you are an idiot that deserves every bad thing that happens to you now.