Poor Man Survival
Self Reliance tools for
independent minded people…
ISSN
2161-5543
A Digest of Urban
Survival Resources
INFLATION WORST IN DECADES
UNDER BIDEN
How does it feel to live in a country with double-digit
inflation? On Tuesday, the Bureau of Labor Statistics told us that the
consumer price index has risen 5.4 percent over the past 12 months, and such a
high number shocked a lot of people. But in order to make a fair comparison
to the past, we have to account for the fact that the way inflation is
calculated has been changed literally dozens of times over the past several
decades.
According to John Williams
of shadowstats.com, if inflation was still calculated the way that it was back
in 1990, the official rate of inflation over the past 12 months would be about 9 percent. And if inflation was still calculated the way that it was
back in 1980, the official rate of inflation over the past 12 months would be well into double-digits.
Everyone that has been warning that we could soon see inflation
rise to levels that we haven’t witnessed since the the Jimmy Carter years can
stop, because we are already there.
The Bureau of Labor Statistics is committing fraud, because the
numbers that they give us are almost meaningless. For example, U.S. home
prices have risen 20 percent over the past year, but the “shelter component of inflation”
makes up only a tiny fraction of the overall consumer price index…
We’ll get the latest read on inflation Tuesday, when the Bureau of
Labor Statistics puts out its consumer price index for the month of June. As you
may recall, the May report showed the biggest annual increase in consumer
prices, 5%, in 13 years. But if you’re looking for the recent jump in home
prices to show up in that number, you’re likely to be disappointed. The shelter
component of inflation, as measured by the CPI, has stayed pretty steady, from
around 2% to 3.5%, for the past decade. And some economists have a problem with
that.
Wouldn’t it be wonderful if your mortgage payment accounted for
only 3.5 percent of your overall budget each month?
Needless to say, such a figure is completely and totally
unrealistic.
For most of us, housing is the single biggest expense that we face
on a regular basis. And as I have documented in many previous articles,
housing costs have been soaring into the stratosphere in recent months.
Car prices are also rising at an extremely alarming pace.
According to CNN, the average price of a new car has shot up 12 percent over the
past year…
In May, the average new car price hit a record $38,255, according
to JD Power, up 12% from the same period a year ago. About two-thirds of car
buyers paid within 5% of the sticker price in May, with some paying even more.
Instead of buying a new vehicle, you could purchase a used one
instead, but used car prices increased 10.5 percent in just the last month…
Last month alone, average used car prices soared 10.5 percent –
the largest such monthly increase since record-keeping began in January 1953.
That spike accounted for about one-third of the monthly increase for the third
straight month.
Renting vehicles has gotten a lot more expensive as well.
In fact, average rental rates are up a whopping 86 percent since this point in 2020…
Daily car rental rates have increased 86% compared to this time
last year and 140% more than 2019, according to Julie Hall, a spokesperson for
AAA.
The “5.4 percent inflation” fairly tale that the Labor Department
is trying to sell us is absolutely laughable.
And as long as they keep putting out such doctored numbers, they
are going to have zero credibility.
Everyone can see that prices are skyrocketing all around us.
In such an environment, a restaurant in New York can charge 200 dollars for
French fries and some people will actually pay that price…
Serendipity3, the iconic Upper East Side restaurant, set a Guinness World Records title for making the “Most Expensive
French Fries” — just in time to celebrate National French Fry Day Tuesday!
Serendipity3’s Creative Director and Chef Joe Calderone and
Corporate Executive Chef Frederick Schoen-Kiewert are the masterminds behind
the “Creme de la Creme Pommes Frites,” which cost a whopping $200.
Our leaders thought that they could pump trillions upon trillions
of fresh dollars into the system without any serious consequences.
Sadly, they were dead wrong.
Inflation is wildly out of control, and one economist just told
Breitbart News that the U.S. is starting “to look a little bit like a Latin American country”…
Desmond Lachman, an economist and senior fellow with the American
Enterprise Institute (AEI), told Breitbart News on Sunday that the U.S. is
beginning to resemble a Latin American country given its inflation, government
spending, and printing of money.
“[The U.S. is] in [a]very bad position from a long-term point of
view. I don’t see how this can end well when we’re running — now — budget
deficits something like 15 percent of GDP,” Lachman said on SiriusXM’s
Breitbart News Sunday with host Joel Pollak. “This is beginning to look a
little bit like a Latin American country.”
It is actually much worse than that.
The truth is that we are in the terminal phase of the greatest
debt bubble in the history of the world, and at such a critical moment U.S.
officials have decided to systematically destroy the value of the reserve
currency of the planet.
Prior to the pandemic, the U.S. government was stealing more than
a hundred million dollars an hour from future generations of Americans, but now
our politicians have upped that rate to more than 300 million dollars an hour.
And when the next major crisis comes along, they will pass even
more “emergency packages”, because spending money is the only solution they
have.
Meanwhile, the Federal Reserve continues to pump giant mountains
of money into the financial system. Since September 2019, the size of the
Fed balance sheet has more than doubled, and that should be considered a crime against
humanity.
Unfortunately, the vast majority of Americans don’t even know what
the Federal Reserve is, and only a small fraction of the population actually
understands what they are currently doing to our financial system.
Facing no significant resistance, our politicians will continue to
get us into staggering amounts of debt, and the Fed will continue to transform
the U.S. dollar into toilet paper.
Sadly, what they are doing is setting the stage for the collapse
of the late, great U.S. economy, and the economic pain that is ahead will affect
every single man, woman and child on the entire planet.
***Michael’s new book entitled “Lost Prophecies Of The Future Of
America” is now available in
paperback and for the Kindle on Amazon.***
OF NOTE:
USEFUL
STUFF…
Homestead Survival Site is for preppers who want to become even
more self-reliant. This involves growing your own food, raising your own
livestock, collecting your own drinking water, and learning other basic skills
like those practiced in Amish communities.
While it is nearly impossible to become completely
self-sufficient, that is the ultimate goal of most homesteaders. But even if
you're never 100% self-reliant, just making the attempt ensures you'll be far
more prepared for a disaster than you would be simply stockpiling supplies.
If you'd like to learn more about homesteading, follow the link
below to see some of our best articles and sign up for the newsletter. When you
do, you'll get a free book called "How
To Start A Homestead No Matter Where You Live."
Visit Homestead Survival
Site
If you're a prepper, you've no doubt spent a lot of time
planning for the worst. In case of a catastrophic event, you want to be able to
feed your family until conditions improve. Catastrophes can come out of
nowhere, so being prepared is key.
But how prepared are you? Have you checked your food storage
lately? Unless you're keeping close track of everything, some of your food
might be close to expiring. Or worse, it might have already gone bad. Just
imagine a major disaster has struck and the only food you have is inedible.
To make sure that never happens, you need to make sure your
emergency food lasts as long as possible. Below, you'll find nine tricks to
make your emergency food last longer. Doing these things takes time and
dedication, but it's worth it in the end...
9 Tricks to Make Your
Emergency Food Last Longer
CREATING AN EMERGENCY
FOOD SUPPLY-FOOD SURVIVAL REPORTS-FREE
Compliments of: The
PoorManSurvival team
https://1drv.ms/u/s!AgMpmQI6plfXiBqUHg-8SkA59L8f?e=YJZavA
TRS volt power bank - Back in stock!
3000mAh Power Bank Battery by Volt comes complete with a
micro USB charging cord. This battery can be used as an extra or replacement
battery
https://www.bonanza.com/listings/Volt-Solar-Power-Bank-Great-for-Emergency-Power-Anytime/10
Free enterprise, limited
government, individual freedom!
Contributors
and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes
and Heroines of New Media. Without your financial support, the free content
would disappear for the simple reason that I cannot keep body and soul together
on my meager book sales & ecommerce alone.
You Can’t Buy Life Insurance After You’re Dead
Not Prepared?
That's Bad News...
You Can’t
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios,
books, emergency power cell or solar/battery
radio weather radio!
TACTICAL SHOTGUN FOR SELF-DEFENSE [DVD]
Takes you to the world famous Gunsite Training Center
https://www.bonanza.com/listings/Tactical-Shotgun-For-SELF-DEFENSE-DVD-Training/1049969076
Support our
efforts by shopping my storefront…
A Smoking Frog Feature, Shallow Planet Production
4 comments:
Same old crap w/ demented Dem-Socialists-spend, spend, spend while allowing thousands of illegals to feed at our public trough. Time to impeach that idiot and rid the nation of these socialists.
Biden is incompetent & his advisors are anti-American.
Well, I can't say you didn't warn us about this idiot and what his policies would do...can't we arrest him for violating our border laws?
In a recent article published in Bloomberg titled Bubble Warning Everywhere, the following warning was issued: "With historic cross-asset valuations and elevated risk positioning, a market correction could be imminent."
In other wors-a financial crash is coming under Biden...
Post a Comment