Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected to decline as people simply cannot afford to pay more. Additionally, the supply is expected to increase as there are around a million rental units under construction. Yet, construction has been slow due to supply chain shortages mixed and inflation.
Some areas experienced a larger increase in rental costs. Cincinnati, Ohio, saw prices rise by 26%; Pittsburgh, Pennsylvania, rose 22%; Indianapolis, Indiana, rose 21%; Nashville, Tennessee, rose 20%. Rental pricing in areas of New York and New Jersey saw 18% increases.
Not all finger-pointing can go to the landlords as they are struggling to survive this inflation too. Maintenance and utilities have gone up in price. Property taxes continue to increase, as does insurance. The increased value of properties has become a double-edged sword for many landlords. Landlords lost money during the rent and eviction moratoriums and are making up for it now. So many tenants fled and never paid back rent. The government created this problem.
Countless landlords are turning to Air B&B and other short-term ventures. Landlords are forced to raise prices to make a profit, but at any moment, the government can put another moratorium in place and leave landlords high and dry. The government must address outrageous property taxes and encourage, if not incentivize, builders. If costs continue to rise, then we will see a rise in homelessness across the nation as the average person can no longer afford shelter.
Many people believe the people who are in charge of the economic policies destroying the middle-class have no idea how the Main Street economy actually works. I disagree, I believe they know exactly what they are doing and why they are doing it.
From one perspective, inflation is a statistic that comes from a bureaucratic system quantifying prices. They have no concept of how policy-driven price increases hurt consumers or working-class families. Everything in their sphere is academic and esoteric.
However, that said, those who have designed policy know there are benefits to inflation, like lowering economic activity that supports their lowered energy production policies. Inflation also helps them pay their way out of the spending they create that drives the inflation. Make money worth less and debt is lessened, or so the theory is told.
Joe Biden made remarks today that “inflation” as he looks at it, is defined as the amount of money in a paycheck. WATCH:
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A new report by the Heritage Foundation claims that the average American had lost over $4,200 in annual income since Biden was sworn in due to rate hikes and inflation. They clearly are not factoring in retirement accounts or other investments, as most have lost substantially more.
Consumer prices are up 12.7% since January 2021, equating to each American losing $3,000 in purchasing power. The foundation estimates that the higher cost of borrowing has cost Americans another $1,200 annually. Mortgages have doubled, consumer debt is rising, and every area of life costs substantially more.
EJ Antoni of the foundation points out that Biden failed to act as inflation began to rise and pushed Congress to continue spending. The Fed miscalculated the situation and called the situation “transitory” while allowing the printing press to roll. Both Biden and the Fed attempted to dismiss inflation to avoid responsibility. Antoni stated:
“This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars. Washington recklessly spent trillions of dollars it did not have and paid for it with newly printed money, causing rampant inflation that has destroyed people’s purchasing power and jeopardized Americans’ financial futures.”
All gains under the Trump era have been erased in less than two years. Biden began paying people to sit at home and not work when he took office. Thousands were forced to leave their jobs due to COVID mandates. When people went back to work, the current administration led the public to believe that they were doing well due to higher wages, when in reality, inflation consumed any gains.
Biden eliminated America’s energy independence and created an energy crisis domestically that did not previously exist. Biden put America in direct confrontation with Russia and continues to funnel billions through Ukraine when some American cities do not even have clean drinking water. The $4,200 estimate is extremely low, considering that major US indexes are significantly down. Simply put, we are all worse off under the Biden Administration.
Albert Bourla is a veterinarian and not a medical doctor who is making a fortune selling his vaccines, not for animals – but people. He is the chairman and chief executive officer of Pfizer, after joining the company back in 1993. He use to be the chief operating officer.
He has COVID again. It seems that those who took the vaccine are developing immune deficiency to COVID like Biden who keeps getting it multiple times. I am not vaccinated, had it once, and that was it. When my daughter insisted I should go to Tampa Hospital to see the head of pulmonary, I said I was tested 5 times and it was always negative. He said the tests were not valid and they still think it was COVID. I went to a new doctor after my old one retired, when he asked if I was vaccinated and I said NO!, I was waiting for the propaganda. He said – Good!
Since this veterinarian tells the world we must be vaccinated, he seems to then listen to the CDC on how to take his own shit. When history is written about this period, I do not think it will be kind to this veterinarian handing out medical advice to people.
I would always make sure my kids were vaccinated. I would take the flu shot sometimes. Now, I will not take anything that comes from Pfizer. I would not trust this guy, especially with my dog. No wonder – he never had to take the Hippocratic Oath.
September 23, 2022 | Sundance | 51 Comments
Finally, a finance and economic discussion that touches on the critical component to inflation that no one dare say, or else they suffer political backlash. Although Mick Mulvaney, Austin Goolsbee and to a lesser extent, Rick Santelli, had to maintain the acceptable ‘pretending’ approach, parsing words carefully, at least this is one of the first times where the supply side (energy driven) issue of global inflation was discussed.
As the group collectively admitted there is no other option other than a “hard landing” that collapses the economy from the current Fed approach; additionally, Rick Santelli, blasts the relationship between the political central banks and the global leaders who have pressured this dynamic. WATCH:
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Still pretending, but lessened a little. Hey, progress.
After many discussions from both sides of the Ukrainian conflict, I believe that my observation of a generational shift is important. The cycle is always driven by a cyclical nature that, in part, is driven by changes in attitudes between generations. The anti-war protests in Russia rose from the youth over the Ukrainian war. What is unfolding in Russia is because the youth protesting has never known war. They are too young even to have known about the Afghanistan invasion of 1989, which was 33 years ago. This stands in contrast to Americans who have known nothing but endless wars one after the other. I have family who has fought in Afghanistan and Iraq. Most of us have at least known someone who has fought there. War has become more of a normal occurrence to Americans, although many have disagreed with this policy of endless wars including Donald Trump.
The problem Russia has is that war is always created by the political class. It is this older generation that sees war always as an option and they are now in charge of most Western countries. Add to this, the Ukrainian war is REALLY being driven to defeat Russia for climate change. The World Economic Forum is pushing war behind the scenes with the excuse that Russia must be defeated to end their production of fossil fuels and give birth to Schwab’s New Age of dictatorship (Great Reset) to save the planet. This requires our surrender of freedom and reliance on fossil fuels and if had his way, we would all have chips implanted in our heads to prevent rebellions.
The words of wisdom behind cycles may be, in part, the Chinese proverb, 富不过三代? Roughly translated, it means “You can only keep wealth in the family for three generations.” What tends to emerge is the third generation seems to typically experience apathy. The second generation will often clash with the first not seeking to follow in the same footsteps and as such by the third generation, whatever company they formed will typically collapse unless it is sold off and becomes a public company. This is the fate of most businesses, but it is also the fate of political ideas.
Those above holding the reins of power over us mortal peons, always know better. Both Bill Clinton and Obama were tough on illegal immigrants. Obama deported more illegal aliens than even Trump. Something changed and Biden just reads the cue cards so the shift in direction to be a climate zealot was not his personal initiative, but he does as he is told. When he blurts out things that are outrageous, the White House immediately clarifies and tries desperately to whitewash what he says.
This was with Russia is on and it is more about climate change than anything else. The hope is to defeat Russia, subjugate its people, and bring it into the new world order of controlled poverty for about 50% of the Russian people will be on welfare if the mining for natural resources comes to an end. Putin understands the game and his words are not being heard by the youth who have not known war. To them, they do not understand the agenda.
This war was PROVOKED to ensure that Putin would take the bait and invade Ukraine. The day before his invasion on February 24th, 2022, Zelensky stood up and said he was breaking all previous agreements of neutrality and that Ukraine would arm itself with nuclear weapons against Russia. The US invades Iraq on the claim that they had “weapons of mass destruction” and they deliberately pushed Putin to invade so they could claim he was the aggressor.
In 2014 and the overthrow of Yanukovich, the West installed their “interim” government which was UNELECTED, and instantly sent the army to attack the Donbas. McCain promised the Ukrainian Neo-Nazis funding to wage war against Russia as soon as Trump was elected in December 1996. When Trump refused to fund McCain’s endless wars against Russia, then Trump became his hated enemy and his legendary attitude of holding a grudge was carried out right to his grave insisting Trump was not to speak or attend his funeral. He was the worse person I ever met on Capitol Hill.
McCain was pushing Obama to invade Syria to push through a gas pipeline to Europe to undermine Russia. It was McCain who wanted nukes in Checkosovakia and pointed at Russia against the people’s will. He spent his entire life in a grudge match against Russia and that began long before Putin ever came to power. He was the header of the pack of Neocons.
There are Neocons, and Hillary was one of them. They cannot sleep at night without dreaming about how to destroy Russia and China. This is the hateful generation of leaders who will take the world to war. Peace will only come when they finally expire from this world and then the third generation will start all over again.
Listen to my latest interview with Maria from Zeee Media.
Description from Maria:
World renowned economist Martin Armstrong joins us to break the story of the several-decade long plan to seize Russia, detailing how he has obtained declassified documents from the Clinton Administration, and how he was previously targeted for possessing this knowledge – which he is finally able to release.
Martin takes us through his encounter with an alleged terrorist from 9/11 while he served in prison, who was actually a Pakistani Christian that was framed by the US Government. We also discuss world events, war propaganda, and Martin’s insight into where we are heading.
Securing the border was previously a bipartisan issue. National security, before the age of 9/11, focused on keeping the US borders secure and free from foreign invasion. There is a record number of illegal aliens crossing the US-Mexico border daily under the current Biden Administration, which has no plans to stop this invasion. In fact, they seem to be encouraging it and reframing it as a race or humanity issue.
The video above is from former President Bill Clinton’s 1995 State of the Union speech. Preventing illegal immigrants from crossing into America was on the DNC’s radar back then. It was not considered a racist issue until recently. Clinton states that although America is a nation of immigrants, it is also a nation of laws that must be protected. Under the Biden regime, this speech would be considered extreme right-wing fascism. If I posted only the transcription of this speech, many would think these words came from Trump. For an array of reasons, Bill Clinton would not have lasted long in woke America.
There is no plan to fix the open border. DeSantis and Abbott have attempted to send immigrants to blue states where they support open borders without experiencing the consequences. DeSantis caused a mass meltdown at Martha’s Vineyard when he sent a plane of illegal immigrants there, as the voters claim to be so tolerant. Within hours, the people of Martha’s Vineyard had the National Guard ushering out the undesirables. New York, Chicago, and DC are among the many blue cities that turned away illegal immigrants despite voting favorably for open borders.
The immigration crisis amounts to at least a $20 billion annual loss. Studies show that taxpayers spend $9,232 annually to support open borders. This will have an effect on absolutely everyone, Democrat or Republican, and should not be considered a Republican issue.
Vladimir Putin’s recent speech is making headlines as people falsely claim Russia is about to launch an all-out nuclear attack. Putin is sticking to his same plan and says it in his opening statement: “The subject of this address is the situation in Donbas and the course of the special military operation to liberate it from the neo-Nazi regime, which seized power in Ukraine in 2014 as the result of an armed state coup.” Russia must now play defense as they are no longer simply battling Ukraine.
Putin stated that in 1991 the West prided itself on dividing the USSR, and believes “now is the time to do the same to Russia, which must be divided into numerous regions that would be at deadly feud with each other. They decided these plans years ago.”
Putin knows that he is fighting a NATO offensive and not simply Ukraine and directly calls out Washington, London, and Brussels. He correctly stated that the West first set out to demonize Russia and spread “Russophobia,” as they did during the Cold War. NATO and the West are now the opponents of Russia in this proxy war, while the Ukrainian people are merely cannon fodder used to usher in this new world.
Putin has been trying to reclaim land since 2014. He had no plan to seize Ukraine, but did want to reclaim the Donbas. This is much bigger than Russia v Ukraine as he fears he must act on the offensive against most of the world’s superpowers who want to seize Russia. They are shoving endless funds into Ukraine because they expect a prize in the end. Putin stated that he attempted peace talks, but the West shot them down because they craved war.
“After the start of the special military operation, in particular after the Istanbul talks, Kiev representatives voiced quite a positive response to our proposals. These proposals concerned above all ensuring Russia’s security and interests. But a peaceful settlement obviously did not suit the West, which is why, after certain compromises were coordinated, Kiev was actually ordered to wreck all these agreements.
More weapons were pumped into Ukraine. The Kiev regime brought into play new groups of foreign mercenaries and nationalists, military units trained according to NATO standards and receiving orders from Western advisers.”
This will not end well; the West made it clear that peace would not be an option. Zelensky is simply the face of a much larger plan at play that involves an ongoing plot to seize Russia, which has been happening behind the scenes for decades.
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