https://noqreport.com/2022/02/19/the-cost-of-living-in-the-united-states-is-rising-to-absolutely-absurd-levels/

Most of the time, the vast majority of Americans simply do not care about economics.  And it pains me to say that, because I have been running a website about economics for more than a decade.  But it is true.  Under normal circumstances, most hard working Americans don’t have the time or the energy to debate the finer points of economic policy.  But now things have changed.  Here in 2022, our leaders have messed things up so badly that suddenly just about everyone is feeling the pain.  Most people just want economic conditions to “return to normal”, but that isn’t going to be so easy.

Over the past couple of years, the Federal Reserve has pumped trillions of fresh dollars into the financial system.

You just can’t “undo” that.

And our politicians in Washington have been on the biggest borrowing spree in all of human history.  I think that many of them truly believed that there would never be any serious consequences, but as Forbes has aptly noted, we “are now paying a heavy price for this magical thinking”…

MyPillow Air Drop

Unfortunately, Americans are now paying a heavy price for this magical thinking. Inflation—spurred at least in part by record government spending and inaction on other issues—is running at its highest rate since 1982. The prices for meat and eggs are up 12.2% since last year. Furniture and bedding is up 17% and used cars and trucks are up 40.5%.

Meanwhile, the Treasury Department recently reported America’s total national debt is now over $30 trillion—the highest ever. To put this in context: If you stacked $30 trillion of $100 bills you could almost reach the weather satellites orbiting the earth at over 20,000 miles above us.

Today, we have absolutely gigantic mountains of money chasing a smaller pool of goods and services because of the pandemic.

As a result, the cost of living has been soaring into the stratosphere.

For example, one new study found that 82.2 percent of new vehicle buyers actually paid above sticker price during the month of January…

A study from the online marketplace found that 82.2% of new car buyers paid over the manufacturer’s suggested retail price (MSRP) in January, up from .3% in January 2020, before the coronavirus pandemic started affecting the industry

The average price paid above sticker was $728, while savvy shoppers were getting a discount of $2,648 just two years ago. Cadillac’s customers led the way by paying a $4,048 premium, followed by Land Rover’s ($2,565) and Kia ‘s ($2,289).

In my entire lifetime, I have never seen anything like this.

Years ago, I remember spending hours hammering a salesman until I was totally satisfied that the dealership would not knock off a single penny more from the price of a used vehicle that I wanted.

But now things have completely changed.

Today, just about everyone is paying above MSRP.

Of course it is becoming more expensive to fuel our vehicles as well.  On Wednesday, the average price of a gallon of gasoline in California hit a brand new record high

Gas in California hit a record high of $4.72 a gallon on average on Wednesday — and experts say a whopping $5 a gallon will likely be the norm there in a matter of months, if not sooner.

Sadly, five dollar gas is only just the beginning.

In fact, one expert that was interviewed by Yahoo Finance has actually raised the specter of seven dollar gas

Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist.

“My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7. Forget about $150 a gallon, I don’t know where we will be by then,” Energy Word founder Dan Dicker said on Yahoo Finance Live.

Can you imagine paying seven dollars for a gallon of gasoline?

That definitely seems crazy to me.

Z-Stack 1

But soon it will happen.

Housing prices continue to surge as well.  In fact, we are being told that a recent spike in lumber prices has increased the average price of a new home by nearly $19,000

“If people aren’t listening now, the dire predictions that we’ve been making appear to be coming true,” National Association of Home Builders CEO Jerry Howard said on “Varney & Co.” Wednesday.

Volatile lumber prices have caused the average price of a new single-family home to increase by $18,600, according to a new statistic from the NAHB.

Heating our homes is becoming a lot more painful too.  According to the Heartland Institute, the average American family saw their heating and cooling costs jump “by as much as $1,000” last year…

A new analysis by the Heartland Institute reports the typical American family’s home heating and cooling costs increased by as much as $1,000 in 2021 as a result of President Joe Biden’s energy and environmental policies.

Needless to say, most Americans were not prepared for a dramatic shift in the cost of living such as this.

At this point, 70 percent of Americans are living paycheck to paycheck.

So how are people making ends meet?  Well, we just found out that credit card debt rose at the fastest pace ever seen during the fourth quarter of 2021…

Americans have been swiping their credit cards at record speed in the last few months, as rising inflation eats into the savings people accumulated during the pandemic.

The total US household debt hit $15.8 trillion in the fourth quarter of 2021, the New York Fed reported this week, seeing an increase of $333 billion from the previous quarter. Credit card balances alone hit $860 billion, up $52 billion in that same timeframe. That’s the largest quarterly increase the Fed has seen in the 22 years it’s been collecting data, the researchers say, adding that the surge in debt overall was driven by home and car purchases.

The middle class is being systematically destroyed, and it is happening right in front of our eyes.

And the truth is that we can see evidence of this all around us.  For example, just check out this footage that one man recently took of his neighborhood in Los Angeles.

Our major cities are becoming exactly what I warned they would become.

Once upon a time, the U.S. had the largest and most prosperous middle class that the world had ever seen.

But now that middle class is being absolutely eviscerated, and it is our own leaders that have done this to us.

With each passing day, more Americans are waking up and understanding what has happened, and anger is growing all over the nation.

Most Americans had assumed that there would be endless prosperity for many decades to come, but now it is becoming clear that the years ahead are going to be very, very ugly.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

Photo by Maarten van den Heuvel from Pexels. Article cross-posted from The Economic Collapse Blog.

MyPillow Mattress Sleep System


Big Pharma’s Five Major Minions that Everyone, Vaxxed or Unvaxxed, Must Oppose

This is not an “anti-vaxxer” article, per se. It’s a call for everyone to wake up to the nefarious motives behind vaccine mandates, booster shots, and condemnation of freedom.

The worst kept secret in world history SHOULD be that the unquenchable push for universal vaccinations against Covid-19 has little if anything to do with healthcare and everything to do with Big Pharma’s influence over the narrative. Unfortunately, that secret has stayed firmly hidden from the vast majority of people because of the five major minions working on behalf of Big Pharma.

What’s even worse is the fact that Big Pharma’s greed is merely a smokescreen to hide an even darker secret. We’ll tackle that later. First, let’s look at the public-facing ringleaders behind the vaccine push, namely Big Pharma. But before we get into their five major minions, it’s important to understand one thing. This is NOT just an article that speaks to the unvaccinated. Even those who believe in the safety and effectiveness of the vaccines must be made aware of agenda that’s at play.

Let’s start with some facts. The unvaccinated do NOT spread Covid-19 more rampantly than the vaccinated. Even Anthony Fauci acknowledged the viral load present in vaccinated people is just as high as in the unvaccinated. This fact alone should demolish the vaccine mandates as it demonstrates they have absolutely no effect on the spread of the disease. But wait! There’s definitely more.

This unhinged push to vaccinate everyone defies science. Those with natural immunity may actually have their stronger defenses against Covid-19 hampered by the introduction of the injections which fool the body into creating less-effective antibodies. Moreover, the push to vaccinate young people is completely bonkers. The recovery rate for those under the age of 20 is astronomical. Children neither contract, spread, nor succumb to Covid-19 in a statistically meaningful way. What they DO succumb to more often than Covid-19 are the adverse reactions to the vaccines, particularly boys.

All of this is known and accepted by the medical community, yet most Americans are still following the vaccinate-everybody script. It requires pure cognitive dissonance and an overabundant need for confirmation bias to make doctors and scientists willingly go along with the program. Yet, here we are and that should tell you something.

Before I get to the five major minions of of Big Pharma, I must make the plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our GivingFuel page or via PayPal. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.

Who does Big Pharma control? It starts with the obvious people, the ones who most Americans believe are actually behind this push. Our governments at all levels as well as governments around the world are not working with Big Pharma. They are working for Big Pharma. Some are proactive as direct recipients of cash. Others may oppose Big Pharma in spirit but would never speak out because they know anyone who does has no future in DC.

This may come as a shock to some, but it’s Big Pharma that drives the narrative and sets the agenda for the “experts” at the CDC, FDA, WHO, NIH, NIAID, and even non-medical government organizations.

Most believe it’s the other way around. They think that Big Pharma is beholden to the FDA for approval, but that’s not exactly the case. They need approval for a majority of their projects, but when it comes to the important ones such as the Covid injections, Big Pharma is calling the shots. They have the right people in the right places to push their machinations forward.

That’s not to say that everyone at the FDA is in on it. Big Pharma only needs a handful of friendlies planted in leadership in order to have their big wishes met. We have seen people quitting the FDA in recent weeks for this very reason. The same can be said about the other three- and five-letter agencies. Too many people in leadership have been bribed, bullied, or blackmailed into becoming occasional shills for the various Big Pharma corporations. Some have even been directly planted by Big Pharma. That’s the politics of healthcare and science that drives such things as Covid-19 “vaccines.”

Read the rest of this story, but please be sure to donate first if you can.



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JD Rucker – EIC
@jdrucker


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