USA 2020 Elections: Thread

[grarpamp]

> Biden-Dems losing numbers...

Look at what your politicians do to you every year for
your entire life, yet instead of firing them all and never
replacing them, you dumbfucks keep putting them in
office over top of you. And now your nation is 100% bankrupt.
How stupid is that, you fools.


The Inflation Monster That Our Leaders Have Created Is Voraciously
Eating Away Our Standard Of Living

http://themostimportantnews.com/archives/the-inflation-monster-that-our-leaders-have-created-is-voraciously-eating-away-our-standard-of-living
https://www.cnbc.com/2022/07/13/economist-no-relief-in-sight-as-inflation-increases-most-since-1981.html
https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html

https://dailycaller.com/2022/07/13/heres-how-much-poorer-americans-have-gotten-biden-took-office/

http://www.shadowstats.com/alternate_data/inflation-charts

https://usdebtclock.org/

The purchasing power of the dollar is not nearly as strong as it once
was, and as a result our standard of living is rapidly going down.
The overall rate of inflation has been rising faster than our
paychecks have been for quite a while, and this is causing a
tremendous amount of pain for millions of U.S. consumers.
Unfortunately, this isn’t going to change any time soon.  The
inflation monster that our leaders have created will continue to rage
even as our economy plunges into a severe recession.  I relentlessly
warned that the trillions of dollars that our leaders were pumping
into the system would cause enormous problems down the road, and now
we are trapped in an economic nightmare with no easy way out.

On Wednesday, we learned that the rate of inflation in the United
States jumped even higher last month…

    Shoppers paid sharply higher prices for a variety of goods in June
as inflation kept its hold on a slowing U.S. economy, the Bureau of
Labor Statistics reported Wednesday.

    The consumer price index, a broad measure of everyday goods and
services related to the cost of living, soared 9.1% from a year ago,
above the 8.8% Dow Jones estimate. That marked the fastest pace for
inflation going back to November 1981.

Of course the way that inflation is calculated today is much different
from the way that it was calculated back in the 1980s.  If the way
that inflation was calculated had not been changed, the official
inflation rate would be much higher right now.

But even if you want to take the 9.1 percent figure at face value, it
is still extremely high, and last month energy and food prices were
two of the main reasons why we witnessed such a dramatic surge…

    Gas: 59.9%

    Electricity: 13.7%

    Food at home: 12.2%

    New vehicles: 11.4%

    Food away from home: 7.7%

    Used cars and trucks: 7.1%

    Shelter: 5.6%

    Apparel: 5.2%

Let’s focus on that “food at home” category for a moment.

Every single one of us needs to eat, and so this is something that is
deeply affecting all of us.

And right now we are seeing rapid price increases in almost aisle of
the grocery store…

    Cereals and cereal products: +15.1%

    Beef and veal: +4.1%

    Pork: +9.0%

    Poultry: +17.3%

    Fish and seafood: +11.0%

    Eggs: +33.1%

    Dairy and related products: +13.5%

    Fresh fruits: +7.3%

    Fresh vegetables: +6.5%

    Juices and nonalcoholic drinks: +11.6%

    Coffee: 15.8%

    Fats and oils: 19.5%

    Baby food: 14.0%

Has your paycheck gone up by a similar amount over the past year?

If not, you are losing ground and your standard of living is declining.

Overall, real wages in the United States have now fallen for 15 months in a row.

Americans' 'average' wages have lost 6.2% of their purchasing power
since Biden took office...

In all the years I have been writing, I have never seen anything quite
like this.

According to one expert that was interviewed by the Daily Caller,
“American families are being crushed” by the inflation tsunami that we
are witnessing right now…

    Under the Biden administration, skyrocketing fuel costs and
exploding inflation are hurting everyday Americans the most, according
to an economist at the Heritage Foundation.

    “Energy prices are trickling down into everything and American
families are being crushed,” E.J. Antoni, a research fellow for
regional economics in the Center for Data Analysis at The Heritage
Foundation, told the Daily Caller News Foundation.

Antoni also says that the average worker in the United States has
“lost the equivalent of almost $3,400 in annual income” due to
declining purchasing power since Joe Biden entered the White House…

    “The average worker has lost the equivalent of almost $3,400 in
annual income since Biden took office,” Antoni explained.

    Real average hourly earnings decreased 3.6% from June 2021 to June
2022, according to recent Bureau of Labor Statistics (BLS) numbers.
The change in real average hourly earnings combined with a decrease of
0.9% in the average workweek resulted in a 4.4% decrease in real
average weekly earnings over this period.

    “This is catastrophic, $3,400 is some people’s food budgets for a
year,” Antoni continued.

The good news, if that is what you want to call it, is that the
inflation rate will probably subside just a bit during the next few
months.

I have to admit that I agree with Jay Hatfield’s assessment of the situation…

    Jay Hatfield, CEO at Infrastructure Capital Advisors, says this
may signal the peak. “We forecast that this print will mark the peak
of inflation as the Fed’s 15% shrinkage of the monetary base, which is
the fastest decline since the great depression, will curb inflation as
the QT has caused the dollar to appreciate by over 12% this year which
has caused commodities to plummet by over 20% since the measurement
period for June CPI.”

We are starting to see the size of the Fed’s balance sheet go down,
and the Fed is likely to continue to aggressively raise interest rates
in the months ahead.

Both of those moves are likely to add significant momentum to our
economic slowdown, and demand will be suppressed.

Meanwhile, economic conditions will rapidly deteriorate as we plunge
into an excruciatingly painful recession.

Won’t that be fun?

Unfortunately, even a deep recession will not be enough to tame the
inflation monster, because our Congress critters continue to spend
money like drunken sailors.

And I am entirely convinced that global supply problems will continue
to escalate for a variety of reasons.

So even though demand will be suppressed, inflation is not going away.

I would encourage you to get prepared for the very painful years that
are ahead of us while you still can.

You may think that economic conditions are bad now, but the truth is
that we haven’t seen anything yet.

The entire system is starting to crumble, and our clueless leaders
seem to be all out of answers at this point.