Posted originally on Feb 10, 2024 By Martin Armstrong
I paid very close attention to Tucker’s interview with Putin. I found Putin honest but curiously restrained. He could have easily gone off on the interference in the Russian 2000 election, his request to interrogate Bill Browder and the fake dossier manufactured for Hillary Clinton and her co-conspirator, the grandfather of the Neocons, John McCain. When Tucker was pressed about talking to American presidents, he explained that they really do not make the decisions – it is the Deep State where he carefully avoids naming anyone.
Then, I have seen people claiming everything Putin said was propaganda. Sorry – he was very honest. I have the declassified documents from the Clinton Administration, and Russia was offered the chance to join NATO. That was why the old hardline Communists, who saw that as Russia’s surrender to America, attempted a coup against Gorbachev. That is when Yeltsin stood on the tank and pleaded with the military not to fire on the people. The military stood down, the coup collapsed, and Yeltsin became the new head of state. These are facts that cannot be disputed. The West has perpetually sought to take over Russia since the days of Napoleon because it is perhaps the richest country on the planet insofar as natural resources are concerned.
People have no idea how they are being manipulated. Ruth Bader Ginsberg was a woman’s activist. She explained that Roe v Wade had NOTHING to do with women’s rights. It was all about reducing the population. Bill Gates’ father was the head of Planned Parenthood, and they were set up in minority areas to reduce the population of predominantly blacks. To hide the racism and reduce popularity, they called it women’s rights, and then all the female groups got behind it when they had no idea they were being played for fools.
Then, take climate change. There is NO WAY we could ever get to Net Zero. This all started by the Neocons to replace fossil fuels with nuclear power, and this was to undermine the Russian economy. McCain did not care about the environment. These people are masters at SWITCHING LABELS TO HIDE THEIR REAL AGENDA. Remember when Obama wanted to invade Syria? He could care less about the people of Syria, it was all about running a pipeline through Syria to cut off the income for Russia on selling fuel to Europe.
The US orchestrated the blowing up of Nordstream, and in return, they promised Germany to keep their mouth shut, and the US taxpayer would pay for a pipeline from Nigeria to Europe. Nigeria would also be the first test for CBDCs, and everything was going well until there was a coup in Niger where the pipeline had to go through. Victoria Nuland jumped on a plane because this was messing up the Neocon scheme to cut off the energy income for Russia again. This has always been an economic war to destroy Russia. Putin was a gentlemen and did not want to get into a blame game.
Mainstream media refused to air the interview with Putin. When I read the review by the Economist, which was unsigned by the author, hate and bias seethed through every line. I thought I was reading Karl Marx. The Economist did not present a review of the interview; it was a typical propaganda piece that did nothing but insult Tucker and Putin and never dealt with any facts.
Perhaps they were upset that their former Prime Minister Johnson went to Ukraine to tell Zelensky he was not allowed to sign a peace deal and fight until the last Ukrainian died. That was not fiction. The Ukrainian Press even reported it. Britain was interfering in the politics of Ukraine and had sentenced countless Ukrainians to their death. I was shocked by the Economist’s unprofessional review; there was just hatred in every line. They seemed to be trying to distract their readers from the raw truth about Johnson.
“A Trumpist provocateur and host on Fox News until he was sacked last year, Mr Carlson gave Mr Putin lots of chances to stir up American politics. For a supposed sorcerer of electoral interference, the president did a poor job. Might a different administration in Washington help mend relations with Russia? “It is not about the leader,” Mr Putin said disobligingly. Invited, more than once, to blame nato for the war—a bogus explanation favoured by American isolationists—he repeatedly blathered about history. Mr Carlson looked, now and then, like a man who has drifted into a reverie over whether he left the oven on.”
The response to the interview by the White House and NATO confirms what Putin has said. He is willing to talk, but they refuse. There is no risk to national security by a peace deal and simply honoring the Minak Agreement, and the Russians who have lived in the Donbas for centuries decide their fate.
The West lied about everything. They negotiated the Minsk Agreement in bad faith only to buy time for Ukraine to raise an army and take on Russia directly. We will spend $1 trillion on this war because this is all about destroying Russia from the outset. I was asked to put in $10 billion in 1998 to fund this takeover of Russia. I refused.
The day before, Zelensky stood up and announced he would seek to rearm Ukraine with nuclear weapons pointed at Russia. If I recall, the US had the Cuba Missile Crisis over Kruschev’s attempt to put nukes in Cuba. Putin mentioned that in a speech to the people that night as one of the reasons to justify entering the Donbas.
Zelensky claimed he did not warn the people about an invasion when he knew when it would take place, claiming it would have cost him $7 billion, but he was told not to inform the people. The Neocons wanted as many civilians killed as possible to paint Russia as ruthless. They needed that to sell the war to Congress, which they started.
I have said from the start that Putin was a historian. He rejected the idea that he should conquer Ukraine and take out Kiev, just as the US did to Iraq. When Putin launched the move to protect the Donbas, he told the Ukrainian people not to fight; we are brothers. Ukraine was never a country. They joined Hitler, who promised them he would create a country for them. Ukraine was the first to push for the demise of the Soviet Union. Kruschev assigned Crimea to Ukraine because he grew up there and was in charge of rebuilding Kiev during World War II. His successor, Brezhnev who was born in the Donbas.
Stalin’s right-hand man who proposed and took the food from Ukraine was Lazar Kaganovich (1893-1991), a Ukrainian. Even the New York Times reported quoting a Ukrainian woman: “I am from the Ukraine, and I know the ‘order’ Kaganovich enforced there — it was genocide.” He killed millions of Ukrainians and thought it was retaliation for prejudice against Jews.
Even NPR stooped to new low levels. They preferred to slander Tucker and denigrate Putin rather than listen to anything and preferred sending millions of people to die for their propaganda. They wrote:
“The right-wing television provocateur Tucker Carlson interviewed Vladimir Putin in Moscow in an exchange fueling both the Russian president’s anti-Ukrainian rhetoric and Carlson’s drive for renewed relevance in his post-Fox career.”
The New York Times was more restrained than the Economist. Perhaps because there was no American who told the Ukrainians that they should keep fighting until there were no Ukrainians left. Still, those of us who have access behind the curtain know that the US Neocons ordered Johnson to kill the peace deal. The NY Times had a political slant suggesting that Putin was adopting Trump’s talking points. wrote:
“President Vladimir V. Putin of Russia has worked for decades to win allies in the West, using his spy agencies to interfere in elections and deploying diplomats to build links with Kremlin-friendly politicians.
On Thursday, the world witnessed a new, verbose chapter in those efforts: Mr. Putin’s two-hour interview, taped in a gilded hall at the Kremlin, with one of America’s most prominent and most divisive conservative commentators.
Speaking to Tucker Carlson, the former Fox News host, Mr. Putin called on the United States to “make an agreement” to cede Ukrainian territory to Russia in order to end the war. He sought to appeal directly to American conservatives just as Republican lawmakers are holding up aid to Ukraine on Capitol Hill, echoing the talking points of politicians like former President Donald J. Trump who say that the United States has more pressing priorities than a war thousands of miles away.”
Variety Magazine was at least balanced. They did not degrade themselves by calling Tucker a failed journalist or Putin a madman. CNBC could not help themselves and just had to comment: “Carlson has consistently repeated falsehoods, misinformation and conspiracy theories, and he has been a vocal critic of U.S. support of Ukraine.”
Reuterswas at least professional, which is very hard to find these days. They reported that “Putin devoted a substantial part of the interview to complaining that Ukraine had been on the verge of agreeing a deal to end hostilities at talks in Istanbul in April 2022, but backed away, he said, once Russian troops withdrew from near Kyiv.” I had contacts there in Kyiv, and I was concerned for their safety. There was a column of tanks parked outside the city, and I asked daily, “What are they doing? ” I was told they were just sitting there as a show of force. They reported that he had no interest in invading Poland or Latvia. I have heard that from my sources, and it appears to be propaganda from NATO to keep their funding flowing to remain relevant. Politico was not as biased as many. Still, they tried to paint Putin in a dark light rather than to encourage some negotiation. Hundreds of thousands of Ukrainians are dying for a territory grab that Russians have occupied for hundreds of years. If Kiyv had a right to independence from Russians, then why does Donbas, who are Russians, have the same right to freedom?
Aljazeera was the only one who seemed to focus on Russia being invited to join NATO. They reported fairly without calling people names, pointing out Putin’s claims Clinton flip-flopped on Russia joining NATO. Most of the Western Press ignored that because it did not suit their predetermined agenda.
I got my hands on all the declassified documents from the Clinton Administration. NOTHING that Putin said was propaganda or a lie. All of the documents from the Clinton Administration form his version. The Western Media is so intent on putting out the propaganda from the Neocons that they are pushing us into World War III. There is no Western leader who is even interested in peace. They are all pushing for war ASAP because they will (1) get to default on all their debts, at least held by enemies, and (2) they can use a population reduction to reduce the unfunded liabilities. Nobody seems interested anymore in honest investigative journalism.
They see their job to drag the common people into war, telling them they will be attacked any day now. The common people in the US, EU, Canada, China, and Russia do not want war. That is always the scheme of leaders – not the average person who stands nothing to gain and everything to lose. Yet, mainstream media keep the propaganda preaching war with every article they write, often quoting Victoria Nuland’s sister-in-law, who runs the Institute for the Study of War.
Posted originally on Jan 23, 2024 By Martin Armstrong
President Vladimir Putin signed a new decree that will enable Russia to search, register, and provide legal protection to Russian assets and land abroad, including those located in the former USSR. Now, every article you search regarding this topic quotes the Institute for the Study of War (ISW), run and paid for by the neocons. They admit the “exact parented of what constitutes current or historical Russian property are unclear,” but every news agency is declaring that Russia will reclaim Alaska.
Russia sold Alaska to the United States in 1867. “By the way, Alaska was sold sometime in the 19th century. Louisiana was sold to the United States by the French at about the same time. Thousands of square kilometers were sold for $7.2 million, although in gold,” Putin said in a 2014 interview. He called the deal “inexpensive” and nothing to “get worked up about” while saying that Russians jokingly call the US state “Ice Crimea.” Other Russian politicians have threatened to reclaim old territories, but they are not in charge.
The people behind Putin have been loudly discussing reclaiming Alaska for decades. This is why I repeatedly state that people should worry about who comes to power after Putin. If he were to step aside for medical reasons or face assassination, there are war-hungry oligarchs and hardliner Communists chomping at the bit for the chance to seek retribution. Yeltsin handed Russia to Putin with an agreement to keep it safe from these very people, the enemy within.
I have posted the decree in English at the top of this article, a rough translation at least. Nowhere in this decree does Putin state that the sale of Alaska was illegal. Will they consider the possibility? Maybe if they gain the full, unwavering support of the Chinese military AND Putin is removed from office. Putin is calculated and would never declare a US state Russian territory as nuclear war would be the only outcome.
Alaska has been a state longer than the current Russian Federation has existed. Alaska is only 50 miles from Russia, which may be the reason that they are issuing this vague decree. But at the present moment, RUSSIA IS NOT ATTEMPTING TO RECLAIM ALASKA.
Posted originally on Jan 10, 2024 By Martin Armstrong
According to a recent survey by theNew York Federal Reserve, Americans’ inflation expectations have dropped to the lowest level in three years. “How much worse could it get?” the average person assumes. The median expectation is that the inflation rate will be up 3% one year from now, down from a high of 7.1% recorded in June 2022. The survey found that Americans anticipate wages rising by 3% to meet their inflation expectations. Consumers have not been this optimistic since January 2021.
However, the people still anticipate that inflation will remain above the Fed’s 2% target in the longer term, with projections of around 2.6% three years from now and 2.5% five years from now. The Federal Reserve’s last forecast states inflation will decline to 2.2% in 2025 before reaching its lofty 2% target in 2026.
The year began with a massive disruption in the global supply chain and increased cargo costs. There are countless protests occurring among farmers across the world who disagree about the future of crops and food price stability. The leading driver that is not discussed – WAR! America is funding two major conflicts at the moment and sinking deeper into debt. The extreme geopolitical uncertainty and risks associated with war always lead to higher energy prices, increased production costs, and massive government spending, further fueling inflation.
Let’s get something straight. There have been countless attempts to conquer Russia, and they have all failed over the course of 1,000 years – yea – 1,000 years! The invaders encountered different incarnations of Russians as well. There were the Ancient Rus, the Moscow Tsardom, the Russian Empire, and most recently, the Soviet Union. The enemies have also come in different flavors, like ice cream. There has been a Northern military state, an Eastern empire invasion, and the more recent famous invasions of Hitler and Napoleon. Every single one of them has failed to conquer Russia except one – the Mongols.
The Mongols invaded under the grandson of Genghis Khan. He invaded Russia around the 1220s-1230s. The Rus were divided into tribes. Like Julius Caesar understood when he invaded Gaul, divide and conquer. The Mongol warriors succeeded because the various Russian princes at that time were competing against one another in a perpetual rivalry for the Kievan throne. Thus, the lands of Rus’ were plundered, and in 1240, Kiev fell. Russian princes were forced to subjugate to the Tatar-Mongol khans. Indeed, there is still a Tatr population living in Crimea to this day. What is left of the Rus fortifications, the Golden Gate, is all that remains standing in Kiev.
In 1380, Moscow prince Dmitry Donskoy famously defeated the Tatar army at the Kulikovo field. Russia was born one hundred years later in 1480 when they were free of the Mongols, and he became the first Grand Prince of Moscow, Ivan III ( 1440–1505). If I actually listed every failed attempt to invade Russia ever since, I think that would require a book. The Mongols were used to the cold, unlike the Europeans.
What we call Ukraine today was the territory of Poland back then. The young King Charles XII of Sweden invaded Ukraine, which was Russian territory. Peter the Great (1672-1725) withdrew his army southward. Peter adopted the tactic of a scorched earth, destroying anything along the way that could assist the Swedes. Without food, the Swedish army was forced to halt its advance in the winter of 1708–1709.
When summer arrived in 1709, The Swedes resumed their efforts to conquer Russian-ruled Ukraine. This culminated in the famous Battle of Poltava, which took place on June 27th, 1709. This was THE turning point in Russian history, for this was a battle where Peter the Great and the Russians defeated the Swedish army. This was also a turning point in the war with Sweden. For those who do not know, Peter the Great was Tsar of all Russia from 1682, and he became the first Emperor of all Russia from 1721 until he died in 1725. Peter reigned jointly with his half-brother Ivan V until 1696. Thereafter, Peter became the absolute monarch of Russia.
Poltava is actually in Ukraine. This decisive battle made Russia a significant power on the European political stage. However, Pete was perhaps too overconfident. He then attacked the Ottoman Empire, initiating the Russo-Turkish War of 1710. This time, Peter lost. He was forced into the Treaty of the Pruth, where he had to return the Black Sea ports he had previously seized. The Ottomans called him Mad Peter – not Peter the Great.
The more modern failed attempts were those of Napoleon and Hitler. Napoleon was said to have been a brilliant military strategist. The French Army, at the time, was considered to be unbeatable. Many have sought to invade Russia, for it is probably the richest nation on earth regarding natural resources. Napoleon began his invasion of Russia on the 24th of June 1812. He was no fool. He waited for winter to be over. He was planning to take the city of Moscow in July. Instead, his army was devasted by winter and global cooling thanks to a volcano. The Russians abandoned Moscow and set it ablaze. When Napoleon entered Moscow by mid-September, he assumed he would get an offer of peace. Nothing came. The Russians abandoned the city, and it was a hallowed victory. After that, there was nothing for Napoleon to do but retreat. Napoleon’s forces suffered staggering losses of between 400,000 and 500,000. He eventually retreated, and that was devastating. Napoleon had invaded with 680,000 men and retreated by November 1812 with only 27,000 effective soldiers remaining.
There is no question about it. In creating Socrates, I merely coded myself. How would I look at something as an international hedge fund manager. Also, being a history buff, I knew well the impact of weather. It was the climate change in the North that sent people south and toppled all the civilizations except the Egyptians during the Bronze Age. I knew it was climate change that sent both the Goths and the Huns to invade Europe. When we correlate everything, we see history in a whole new light. These climate change fools are putting humanity at serious risk, for the climate will turn cold in the years ahead, crops will fail, people will starve, and disease will run wild. Thus, I created no rules. Socrates was to seek out the entire world and return the correlations without prejudice.
The Mini Ice Age defeated Napoleon. The Hunger Stones also marked the year 1811 as a drought. While this is one year before the eruption in the West Indies in 1812, there is what has been called the 1808/1809 Mystery Volcanic Eruption, which seems to have set in motion a Mini Ice Age during the early 1800s. This was a monumental volcanic eruption in the VEI 6 range, which appears to have occurred in late 1808. This event preceded the 1815 eruption of Mount Tambora (VEI 7), which produced the Year Without a Summerin 1816. Napoleon was defeated really by Volcanoes. This is my concern for the future post-2024. With 50 volcanoes erupting simultaneously around the globe, we must be mindful of this cooling risk.
Russia’s success in the Patriotic War of 1812, defending against Napoleon, was short-lived from June 24th, 1812, to December 14th, 1812. Russian historians attributed their victory to the sophisticated bait-and-switch strategies of Field Marshal Mikhail Kutuzov, in addition to the heroism of Russian troops and the patriotism of the civilian population. They also acknowledge the harsh winter conditions in the final months of the conflict played an important role in defeating Napoleon.
This coincided with the War of 1812 (June 18, 1812 – February 17, 1815) between the United States and the United Kingdom. One of the primary tensions originated in long-standing differences over territorial expansion in North America and British support for Tecumseh’s confederacy, who opposed U.S. colonial settlement in the Old Northwest. These escalated in 1807 after the Royal Navy began enforcing tighter restrictions on American trade with France and press-ganged men they claimed as British subjects, even those with American citizenship certificates.
War often seems to be a CONTAGION. During this period of 1810 to 1814, there were 39 separate wars. To mention a few, there were the Cambodian and Hong Kong Rebellions, the Arakanese Uprising (Burma), the Invasion of Java, and the Punjab War in Asia. In South America, there was the Argentine Civil War, Brazilian slave revolt, Chilean War of Independence, Mexican War of Independence, Paraguayan Revolt, Peruvian War of Independence, Venezuelan War of Independence, US occupation of West Florida, and in the Middle East there was the Afghan-Sikh Wars, Wahhabi War involving Ottoman Empire & Saudia Arabia.
All of South America erupted, and it appeared to be a contagion. A similar contagion swept Europe in 1848. What Socrates has taught me is that, indeed,
WAR IS CONTAGIOUS
August 7, 1941, Adolf Hitler looking at his war map with General Field Marshal Walter Von Brauchitsch on the right and others
If we look at Hitler’s attempt to conquer Russia again, it was a disaster. NATO should realize their brilliant ideas of engaging Russia will be the third modern attempt, and they, too, will fail. Hitler named his invasion attempt Operation Barbarossa as Hitler’s invasion of Russia June 22, 1941 – January 7, 1942, with the purported goal of conquering the west of the Soviet Union to repopulate it with Germans. The operation was named after the Holy Roman Emperor Frederick Barbarossa (1155-1190) (“red beard”), who was elected King of Germany in Frankfurt on March 4th, 1152. Hitler invaded the Soviet Union on Sunday, June 22nd, 1941. It was the largest land offensive in human history, involving around 10 million combatants.
The failure of Operation Barbarossa proved to be a major turning point that reversed the fortunes of Hitler’s Nazi Germany. At first, Hitler’s German forces achieved significant victories and even managed to occupy some of the most important economic areas. That included Ukraine, where he promised them their own country and the Ukrainian Nazis were so vicious they even appalled the Germans. Hitler probably would have been successful in conquering Europe had he not tried to invade Russia. He sustained heavy casualties, and the German offensive stalled in the Battle of Moscow at the end of 1941. The Soviet winter counteroffensive pushed the Germans about 160 miles back (250 km).
It is important to remember that Ukrainian Nazis collaborated with Hitler and have NEVER been called to account for all their genocides against Polish, Jews, and Russians. They pretended that it was the UPA, a Ukrainian nationalist organization with a long-term plan of establishing a mono-ethnic state that excluded the Poles and was aligned with the Nazis. The Neo-Nazis are dominant in Ukraine, and Bandera’s flags and posters were there at Midian in 2014 all over the place. Because they have never been put on trial for their atrocities that even horrified the German Nazis, they have refused to even apologize to anyone. Even Japan apologized for using Korean women as “comfort girls,” and the Swiss turned over money that was hidden in accounts for Nazis and Jews. Ukraine’s hatred is ongoing, and it is propagated by the government, which is why it never dies.
If we look at the time difference between Napoleon’s and Hitler’s invasion of Russia, there were 15 intervals of 8.6 years (129 years). There is no doubt whatsoever the computer is showing war ahead. We have a Directional Change here in 2024, followed by another in 2025, with a Panic Cycle in 2025 and a significant target for a turning point.
Even Sweden is now preparing for WAR with Russia. Perhaps it’s a way to get rid of all the migrants from Africa. Sweden’s head of foreign affairs is claiming that Sweden is now a target to be attacked by Russia. There is NOBODY who seems even to want to discuss peace. This will be the Great Diversion to allow the sovereign debts to collapse as they blame war.
The West has long drooled over Russia’s wealth. In 1913, foreign investors actually held 49.7% of Russian government debt. They also owned nearly 100% of all petroleum fields, 90% of mines, 50% of chemicals, and 40% of metallurgical industries. This foreign ownership was, to a large extent, used in support of the Communist Revolution. Russia actually had the largest gold reserves in the world prior to the Communist Revolution, but it also had the largest foreign debt in the world. France was actually Russia’s primary lender, and French investors had major ownership in the iron and steel industries and mining operations. In fact, just before the Communist Revolution of 1917, France, a goldbug nation back then, held 80% of the Russian government debt that was supposed to be gold-backed.
Once again, in 1999, I was asked to invest $10 billion to fund the takeover of similar Russian assets, and they would install their puppet as president – Boris Berezofsky. I refused. Many have looked at the riches of Russia, and the excuse always seems to be a war to get their greedy hands on them, much like the Middle East geopolitical events have been over oil.
Posted originally on Dec 12, 2023 By Martin Armstrong
The Federal Reserve Bank of New York’s data shows that auto loans have surpassed student loans, becoming the second-largest debt burden for U.S. consumers. Auto loan debt has reached $1.582 trillion, exceeding the $1.569 trillion in student loan debt. This surge in auto loan debt is attributed to rising vehicle prices, leading consumers to take out larger loans at higher rates.
Lenders have responded to this trend by tightening restrictions on auto financing, with approximately 30% of lenders reporting significantly tighter lending standards. The pressure for companies to switch to EVs and inventory shortages have contributed to the increase in vehicle pricing, resulting in consumers financing more expensive vehicles.
At the same time, the government is moving full speed ahead to reach their target of 50%+ EVs by 2030. Thousands of auto dealers have penned the Biden Administration to explain how this policy is significantly hurting their business. The public is drowning in debt over mostly gas-powered purchases, and EVs are significantly more expensive to purchase and maintain. Car manufacturers are focused on producing cars of the future rather than autos that fit the budget and lifestyle of the middle class.
Bidenomics believes student debt should be waived for those who knowingly took on the debt. Will those supporting Bidenomics also push to forgive this mounting auto debt? Like diplomas, people may realize their EVs cost more than they’re worth and they cannot keep up the payments. Perhaps the public, including those who do not own cars, should subsidize these car purchases through taxes since that is the same premise as student loan forgiveness.
The World Economic Forum is in partnership with global governments to end private car ownership by 2050. Owning a car is becoming an increasing luxury. Insurance costs could be a topic for another time as most states have seen their premiums skyrocket. Major cities around the globe like London and New York City are implementing congestion and traffic taxes as well.
Decades ago, someone could purchase a nice car with less than a month’s pay. Kelly Blue Book states thatthe average price of a new car was $48,008 as of March 2023, which is 27.8% more than pre-COVID pricing. The average cost of a crossover or SUV now ranges between $30,353 and $74,502, with costs rising by over 6% every year since 2020. We will see car ownership become an increasing luxury.
Posted originally on Dec 7, 2023 By Martin Armstrong
A recent study by Achieve revealed that despite a 37% increase in income, many Americans are facing financial challenges due to rising costs and high interest rates, leading to a surge in personal debt. The average monthly participation in debt resolution programs increased by 119% in the first nine months of 2023 compared to 2020. Wages are rising but they simply cannot keep up with the growing cost of living.
The typical household income of individuals enrolled in debt resolution programs was $59,900 in 2023, a notable increase from $43,598 three years prior. The study’s findings reflect the impact of inflation, a challenging interest rate environment, and the winding down of government stimulus on consumer debt levels. The report underscores the need for measures to address the rising debt burden and its potential impact on income growth.
The study also found that people are facing financial hardship significantly earlier in life. The average age of someone facing debt resolution was 52 in 2020, but that age has since decreased to 44 in 2023. Nearly 40% of people entering debt resolution programs are Millennials, which is also the age demographic of those with the sharpest increase of credit card delinquencies. Nearly everyone is living on credit as balances rose $154 billion YoY, marking the most significant increase since 1999.
No one feels relieves when new inflation reports are released. Governments can release whatever data they like but the fact remains that the price of EVERYTHING has become too much to maintain. Inflation allegedly peaked in June 2022 at 9.1% but I cannot think of anything that has dramatically decreased in price since then.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America