The contrast between the Fed’s need for debt growth (to service the current economy) and the basis of family financial counseling (like on PBS) is amazing!
All those who followed the PBS lectures must now be smiling, myself included . Houses paid off, car notes paid off, credit cards paid off and cut up, hard assets accumulated in place of saving wimpy dollars in a bank savings account with it’s whopping 1% APR.
The Fed’s efforts to get us all accumulating more debt appear to this novice to be self-servicing, benefitting only the likes of the Rothschilds. And it seems like they’ll see us all in the poorhouse before they relent and throw us a few crumbs. Look not to be saved by the next administration - they control nothing, IMHO.
There, I feel better now!
T.C.