The US Economy Gets Weaker as Inflation Gets Stronger – Ep 817
The Peter Schiff Show Podcast
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Credit Card Debt - What Are We Buying?
Consumers are tapped out. Whatever savings they manage to accumulate during the pendemic when their pockets were filled up with stimulus checks, they've already blown through that money. But what are we buying? Well we know from target's report to day they're not buying the big ticket disgranisary items. They're buying food and energy. And howare they getting the money to pay for more expensive food and energy? Well, they're charging it on their credit cards. If you use your credit card to buy your groceries for the week, or to fill up your car with gas, that stuff is consumed right away, and then it needs to be replaced. And how can you afford
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