The so called strength of the economy is being driven by those who are illegal and those who are buying now and paying later! Amazing! But this ponzi scheme is running out of time and a great financial reckoning awakes!!
Joe Biden is completely brain dead to the problems caused by his and the Democrats rampant inflation hurting the consumer! When Biden entered office, inflation was 1.9%. It topped at 9.1% this year! that a full 9x. People are hurting and he is tone deaf to their concerns. Worse President ever!
“Public’s #1 Worry: Inflation May 8 (King World News) – Gerald Celente: Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023. Prior to 2022, the highest rating inflation received in the survey was 18 percent in 2008 during the Great Recession. Otherwise, the figure has been below 10 percent since Gallup began asking the question in 2005.” This Is How Bad It Is For The Average Person Right Now
Farmers feed the nation and the world! With rampant inflation and the cost of production many farmers went out of business. Those who survived had to buy used equipment due to high cost of new equipment. But now even the used equipment is getting real pricey! Food and goods will continue to increase until we had a systemic crash to bring down everything. Many will be hurt and destitute!
“As with seemingly everything right now, farmers in the United States are feeling the pain of ever-increasing inflation and higher interest rates. In particular, farming equipment is a massive bubble where that over-supply has caught up with demand, with lots completely packed and the cost of managing them keeps rising. Farmers are now rushing to offload their used tractors and equipment to cool their overhead costs.” Farmers ‘Prepare For A New Normal In 2025,’ As Prices On New And Used Equipment Become Overinflated
The Federal Reserve is reporting that many are at the hilt with credit card debt and now are reporting massive defaults. Mystery Babylon will fall and we are in the beginning stages of it. The Federal Reserve just released a new study showing that credit card default rates in America have surged up to the highest level on record. In some cases – even worse than what we saw in 2008. With 2 Embedded Videos: 18 min. & 11 min. Fed reports massive spike in defaults. Credit cards being shut off.