Relevant:
- The creeping cost of consumer inflation brought to you by a lower US dollar
- US Consumer Defaults Are Soaring
- Is FOMO (Fear of Missing Out) Driving Up Consumer Debt?
- The great deleveraging -- US households see access to debt diminish. Housing affordability and reversion to the home price to family income ratio.
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
2012-04-08 — fedupusa.org
Since our economy is fantastically debt based and debt is the medium of exchange, more debt is likely to produce higher prices given the same amount of goods. Typically this equation is leveled at the money supply but our system is one in which debt rules supreme. While households are in the painful process of deleveraging, debt has increased overall because of banking bailouts but also government spending. For this, we are seeing consumer inflation pickup
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