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Message: <blockquote data-quote="red dirt shootist" data-source="post: 4184687" data-attributes="member: 52708"><p>I don't see a major crash, but I do think we will have some adjustments, some could be painful. I think interest rates on savings will be 5%, interest on mortgages, car loans, stays about the same, credit card, grab your ankles. Inflation is sucking up everything, they are lying when they tell you it's 3%, and IMHO that's why we have open borders, they are flooding the labor market with workers in an effort to drive down inflation. More workers mean cheaper wages, which means lower prices for goods, and rent. The debt load people are carrying will be a big adjustment, it can't continue, the attitude of "I don't care what it costs, just tell me what the payments are" has got to stop. Bankruptcies and foreclosures will go up, if you can learn to live below your means, you can weather the storm, lf you're good time Charley, you will have  pain for ever. Health care and insurance will be another big adjustment, and it will be a huge part of the economy. What I see happening is transfer of wealth, not in the traditional thought, just the opposite, people on the lower end are paying out everything they make in bills, nothing leftover, and where is it going?,cell phone service, cable, medical, insurance, etc. And that money is going to the rich, investors, CEO's, people with multimillion dollar jobs, they are sucking the life out of poor people. The middle class is starting to feel that pressure. We are becoming a country of two classes, the haves, and the have nots. Those chickens will come home to roost.</p></blockquote><p></p>

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