RE: Debt On Track To Destroy The American Middle Class
These Federal Reserves and other global lenders are indeed a significant contribution to the massive debt among the middle income earners. The wages have flattened yet consumption is increasing for the middle income earners making the public cut back on their savings and go access more debt which the banks make easy for them to obtain. They get these debts to satisfy their needs and desires which they feel can't be fulfilled with the meagre incomes they get. Allowing printing of huge amounts of dollars for the lenders to distribute to the desperate public at a high interest rate is what is putting the middle income earners in this intolerable state. The inflation worldwide is growing drastically raising the cost of living everywhere you go. And now I feel this state is not about to end for the middle income earners who have to continue surviving on their meagre incomes on addition to the loans they get to cover up other bills.
I keep wondering how the next generation is going to live if this keeps going on as there are limited investments inform of assets made by the middle income earners who make up the highest population.
I don't think you understand how the fed works. Down below is the link on how it works:
https://steemit.com/economy/@brittishbear/how-the-us-money-system-works-the-intro
By the way it is comercial banks that lend to the people. People want to live in houses they can't afford, etc so they go to the bank to borrow. Lending is cheep right now but it can't last like that forever. We need to be taught how to finance our money properly but that will never happen.
It can happen. You can do it here.
People want to wake up, they just don’t m ow how.
If people do want to learn about finance then YouTube and google is all you need. I make some blogs so feel free to read if you want any information.