Posted on 08/10/2023 6:50:04 AM PDT by Rev M. Bresciani
The economic meltdown that is coming should not be a surprise to anyone. Throughout U.S. history, there have always been signs that a major downturn was coming, and that is precisely what we are witnessing right now.
Tax revenues are way down, demand for trucking services is way down, demand for cardboard boxes is way down, the money supply is shrinking at the fastest pace in modern history, and the Conference Board’s index of leading economic indicators has already declined for 15 months in a row.
At this point, anyone that cannot see what is coming has got to be willingly blind.
(Excerpt) Read more at new.americanprophet.org ...
Many Restaurants that had lunch service no longer do, recession and WFH.
(Excerpt) Read more at
Plus an uptick in folks pimping their own blogs.
Hey, the Titanic was touted as indestructible until it met that iceberg ... kinda reminds me of how the Democrats ... and a lot of Republicans are describing the the US economy.
If that is indeed your blog, then well done! It is artfully-written, concise and informative. Thank you. Post here anytime.
But...., the NEWS!!.....
BIDENOMICS!......................
We’re talking a 30-40% drop in spending due to inflation
Many Restaurants that had lunch service no longer do,
**********
Many people working from home displaces meals eating away
from home. Computerization and the internet have made a
major difference in the work place. No need travel to a job.
Pound the computer keys as you sit in the comfort of home.
"This was the second steepest year-over-year percentage decline in history, with only the GFC having a worse outcome."
That is why Biden pushed for an IRS fortified with hundreds of thousands of new enforcement agents. Expect to get audited even if you never have before.
As individuals there is little or nothing we can do about inflation. However, we can structure our investments, cash, debt, expenses and our earnings to minimize the effect and possibly benefit from it.
Personally, I did not believe the “transitory inflation” line when covid hit. I knew they had to lie about it because part of inflation is driven by expectations. Even now I don’t believe either the stats or the projections because of that.
I have and continue to find ways to profit from inflation and so far it has been very good for my personal financial situation.
My advice to those reading this thread. Stop complaining and learn about inflation and make personal choices that can both limit the damage and possibly profit from it.
Obama looks at this article and says: “It’s working.”
The aristocracy will continue to pull in well above 6 figures in even the worst economic downturn. And then they'll leverage the opportunity to make more and more little people captive wards of the state. COVID should have taught us that.
“At this point, anyone that cannot see what is coming has got to be willingly blind.”
And...at this point, anyone that refuses to see that this ongoing economic destruction is deliberately orchestrated by the communist-leaning Democrats in control now, and by their string-pullers in the globalist left cabal, is equally willingly blind and/or “in on it”.
Not to your mentor’s level of stupidity yet. Keep at it.
“We’re talking a 30-40% drop in spending due to inflation”
Unfortunately, that’s only a drop in private sector and public spending. Big Government is still doubling down on tossing taxpayers money down the toilet awaiting the ‘big flush’.
in other words, bidenomics is working. it’s doing exactly what it was designed to do, which is to destroy Capitalism and free market enterprise.
step 2, a digital cashless society and a communist social credit score.
the antichrist must be salivating knowing his hour is near.
Larry Lucido wrote:
“
(Excerpt) Read more at
Plus an uptick in folks pimping their own blogs.
“
Posted in 2009, then came back this year.
I wonder why...
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