The Consumer is Resilient! :-( 2Regular Guys Show

The Consumer is Resilient! :-(
In this episode of the 2Regular Guys Show, the hosts discuss the latest economic data like the Producer Price Index (PPI) and Consumer Price Index (CPI), which show inflation remains stubbornly high. They express skepticism about claims that "the consumer is resilient" when retail sales are up, arguing those numbers aren't adjusted for inflation so people are just paying more for less.
The conversation covers a wide range of economic topics like money printing, excessive government spending, currency devaluation, stagflation risks, the potential creation of a new currency by BRICS nations backed by gold, Bitcoin as an alternative asset and currency, and the eroding purchasing power of wages and the U.S. dollar over time.
They opine that until the government reins in spending, true disinflation (prices going down) is unlikely. With costs rising faster than wages, they see signs of economic stress like less consumer spending, layoffs, and falling home/asset prices ahead - textbook stagflation. The hosts encourage viewers to become better investors to protect themselves during this period of high inflation and economic uncertainty.
#inflation
#inflationnews #PPI #investing #stocks #stockmarket #Investingforbeginners #artificialintelligence
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[@homerreagan4456]

Conversational...I like it! If only a means to keep each of your discussion from stepping on the others remarks...I know it's hard to keep from stepping on each other with new thoughts...but from a listening Point of View, its difficult to distinguish...just sayin. But I like this format.
Sooo...what is gonna be set into action when we DEFAULT on Debt Service? It is inevitable...or will their be a RESET? If so, what will be the impact on Bond Holding Nations?