Category Economic Collapse

Apr 2 2022

Finally, a White House Journalist Ask a Direct and Pertinent Question About Rising Prices and Inflation


Posted originally on the conservative tree house on April 1, 2022 | Sundance

Apparently, this question was asked by Jacqui Heinrich (Fox News) at the tail and of the White House presser.  The question is the first time this year that a stenographer for the regime has accurately put correct context on the inflation talking points from the White House.

As each datapoint from the economy has been reported, the White House has blamed Russia and Vladimir Putin for the bad economic data.  However, as Heinrich accurately states, none of the resulting impact from the Russian invasion of Ukraine has been quantified in the data.  That post Russian invasion data begins in March, will not surface until reports later this month.  WATCH:

Good question. Finally.

Apr 2 2022

Biden Administration Announces May 23rd as Trigger Date for Open Border Migration


Posted originally on the conservative tree house on April 1, 2022

As millions of global economic migrants have been flooding into Central America and Mexico, awaiting the official date for the U.S. Southern border gates to be removed allowing unfettered open border travel, the people behind Joe Biden have announced May 23rd will be the official open border date.

Officially known as the Title-42 border control effort, the prior CDC determination that blocked cross border travel based on the COVID-19 pandemic, the restriction will be removed effective May 23rd.  There are millions of global migrants backed-up below the southern U.S. border awaiting the change.

While many voices within the professional political class will deny the removal of Title-42 will result in a totally open border, those who operate the collapsing process of border security have noted it will be impossible to legally process all of the entrants, and the Biden administration have signaled they have no intent to turn anyone away for any reason.

Effective 5/23/22 any entry impediment at the U.S. southern border will cease to exist.

CDC Announcement – “Today, following a thorough reassessment, the CDC Director is issuing a Public Health Determination and terminating an Order under 42 U.S.C. §§ 265, 268 and 42 C.F.R. § 71.40 (i.e., “Title 42”), suspending the right to introduce migrants into the United States. In consultation with the Department of Homeland Security (DHS), this termination will be implemented on May 23, 2022, to enable DHS time to implement appropriate COVID-19 mitigation protocols, such as scaling up a program to provide COVID-19 vaccinations to migrants and prepare for resumption of regular migration under Title 8.

After considering current public health conditions and an increased availability of tools to fight COVID-19 (such as highly effective vaccines and therapeutics), the CDC Director has determined that an Order suspending the right to introduce migrants into the United States is no longer necessary.” (read more)

The horde will overrun the southern and southwestern region first, leaving a slow wake of human debris, destruction, lawlessness, crime, assault and physical brutality as it slowly expands northward and east.

By mid-July the central U.S. region, mid-west and parts of the southeast will be overrun.  Socio-economic systems will begin to collapse. Education will be overwhelmed, and slowly government services and healthcare systems will begin to fray.  In the fall, shortly and not coincidentally just before the election, almost all functional aspects of law enforcement and social constructs will start to destabilize.

Over the next two years, the collapsing economic virus which follows the wake of the migration pattern will metastasize.

Compounded neighborhoods and personal security patrols will become the norm throughout the next five years.   Personal safety will vary depending on income status.  The U.S. military has been moved to Europe to avoid any domestic calls for assistance.  All according to plan.  Conduct your affairs accordingly….

{MANCHIN STORY}

Apr 1 2022

White House Ignores Inflation


Armstrong Economics Blog/Inflation Re-Posted Apr 1, 2022 by Martin Armstrong

No one expected the recent 25-basis point rise in rates to curb inflation in a meaningful way. There are numerous variables contributing to this situation that are simply out of the Fed’s control at this point. The personal consumption expenditure price index (PCE) rose 5.4% in March on an annual basis. That is the most significant leap since April of 1983. Headline PCE spiked 6.4%, the fastest pace since January 1982, as gas and food costs are on the rise.

Consumer spending, accounting for over two-thirds of US GDP, rose by a marginal 0.2%. The plan to destroy America to Build Back Better has caused significant damage to our economy. Visiting the White House website shows that our alleged leaders are still focusing on the agenda of Klaus Schwab rather than the people. In the listed priorities, COVID remains top on the list, followed by climate change. Only the policies surrounding both are harming America rather than the issues themselves. The third priority is racial equity, and down at number four is the economy.

“President Biden will take bold steps to address the inequities in our economy and provide relief to those who are struggling during the COVID-19 pandemic. The President will also work with Congress to pass the American Rescue Plan to change the course of the pandemic, build a bridge towards economic recovery, and invest in racial justice. And, he will build our economy back better from the pandemic and create millions of jobs by strengthening small businesses and investing in the jobs of the future.”

In other words, the Biden Administration is doing absolutely nothing to curb inflation and it is not a top priority. At the time of this writing, there is only one article on the homepage loosely involving inflation: “President Biden’s Plan to Respond to Putin’s Price Hike at the Pump.” They cannot even take responsibility for the damage they alone have caused.

The Federal Reserve admittedly acted too slowly and lost all leverage by artificially lowering rates. Unsettling, but the people in charge are not concerned with the declining living standards for Americans. The focus is on propelling the Great Reset.

Apr 1 2022

One in Five of Americans Broke Before Payday


Armstrong Economics Blog/Inflation Re-Posted Apr 1, 2022 by Martin Armstrong

Inflation is at a 40-year high with no indication of slowing. People are feeling the lower buying power of the USD as one in five Americans now run out of liquid funds before payday, according to a survey by Salary Finance as reported by CNBC. Over three-quarters stated that they have been feeling the effects of inflation this past year. Around 20% of the 3,000 respondents said that they run out of money between paychecks, marking a 15% uptick since 2021.

Around 25% are finding it difficult to afford essential items such as food, gas, and health care. The price of automobiles is at an all-time high due to the chip shortage, and gas prices seem to rise daily. One-third polled cannot afford to put any money toward savings, and those who can likely are contributing less.

Without savings, the possibility of homeownership is out of reach for many. Housing prices increased over 7.02% since 2020, according to the Labor Department, but that is factoring in prices across the board. In reality, any desirable area costs more.

Although wages have increased around 5%, the cost of living surpasses any additional funds. Let’s not forget that taxes have not decreased either and those in charge are continuously planning to spend money on agendas that do not promote the taxpayers’ quality of life. Gone are the days when lower to middle-income Americans could work hard and afford a comfortable life; people are simply trying to stay afloat.

(Fed Chair Powell admitting inflation was no longer “transitory” in November 2021)