You already know that inflation is taking a bigger and bigger bite out of your wallet. Now, it’s going to affect the size of your paycheck in 2023. Even if you get a sizable raise next year, you won’t necessarily take home more money. Many ingredients are baked into […] Click here to view original…
Month: October 2022
Cash-Rich Consumers Could Mean Higher Interest Rates for Longer
U.S. households have an extra $1.7 trillion in savings, according to estimates by the Federal Reserve. Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult…. Click here to view…
Fed’s inflation fight pushes mortgage rates above 7%; 1st time since 2002
FILE – A “for sale” sign hangs from a post outside of a vacant business building in Belleville, N.J., Thursday, May 3, 2018. (AP Photo/Julio Cortez, File) WASHINGTON (AP) — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, […] Click here to view original…
Nonpartisan Assessment of Democrats’ Reckless Inflation
Hang on, are we Americans are supposed to believe, “inflation” is just a Democrat Party issue? Really? Letter Seeks Nonpartisan Assessment of Democrats’ Reckless Inflation Wreckage on America’s Federal Debt WASHINGTON – U.S. Senator Kevin Cramer (R-ND), member of the Senate Budget and Senate Banking Committees, joined Senator Steve Daines (R-MT) in sending a letter…
Biden and His Secret Saudi Oil Deal for the Midterm Elections?
Despicable. Quid pro Quo deals that screw the American People just to get elected. You’ve lost control of this government folks. I wonder how many other deals have been made… Source: https://www.breitbart.com/politics/2022/10/26/report-joe-biden-made-secret-saudi-deal-to-ease-gas-prices-right-before-midterm-elections/ President Joe Biden and his administration worked extensively to work out a secret deal with Saudi Arabia to ease oil and gas prices…
How the FED is raising rates not to bring inflation down, but to break the economy…
From https://economicprism.com/operation-break-stuff/ Operation Break Stuff Posted on October 21, 2022 by MN Gordon Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market… You name it. The economy’s crashing and burning like an old Cutlass Supreme. There’s nothing the central planners can do to fix it. No plans or schemes will get…
Roubini Warns Of Imminent Dollar Crash: The Fed Is Going To "Wimp Out" In The Inflation Fight
“Debt to GDP has gone from 200% to 350% globally.” You can’t taper a Ponzi scheme like the U.S. Dollar. There’s no way around the math! Roubini Warns Of Imminent Dollar Crash: The Fed Is Going To “Wimp Out” In The Inflation Fight Via SchiffGold.com, Economist Nouriel Roubini says Federal Reserve is going to “wimp…
BofA warns that hot inflation might run rampant for another 10 years
BofA warns that hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario Despite the U.S. Federal Reserve’s aggressive rate hikes — including three consecutive hikes of 75 basis points — inflation is still running […] Click here to view original…
ANNUAL INFLATION RATE DECELERATES TO 8.2%
Gary Cohn, IBM vice chairman and former chief economic adviser to President Donald Trump, warned that significant job losses are necessary to get inflation under control. “We’re going to have to see job destruction if we’re really going to see inflation be curtailed,” Cohn said in an interview during […] Click here to view original…
Pfizer Admits the Vaccine was not Tested Before Hitting the Market!
Trust the F*g science? Really? There was NO SCIENCE! Watch below how the Pfizer manager chuckles at the idea that the vaccine was tested BEFORE hitting the market! “Science” NEVER proved the vaccine worked, protected you from the C0V1D virus, nor protected others from getting it from you! Here it from their own mouths. It…