Bidenflation crushing Middle Class and Seniors

 

Poor Man Survival

Self Reliance tools for independent minded people…

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ISSN 2161-5543

A Digest of Urban Survival Resources

 

INFLATION ROCKET TRAIN “ACCELERATING FAST”

Painful Carter-Era, 70s-Style “500% Inflation” Looming

 

The government Consumer Price Index figures are a fraud. The hard numbers are massaged into a mush that keeps the public calm. The methodology for calculating the CPI keeps getting revised over time, deleting things that are costing more and replacing them with things that haven’t escalated too much in price.

Americans are paying on average $547 more annually for goods; yet, despite record inflation, they continue to spend…retail sales are not abating! Irregardless, this is tough going for seniors on fixed incomes.  The Middle Class squeeze, some say, is Biden’s plan to destroy the Middle Class.

The Compound Newsletter reminds us, finally, of why we prepare: “You do these things not because you know that it will serve you well, but on the off chance that it might. This is risk management in its simplest form: Having the humility to admit that you don’t know the future and investing accordingly.

Recession Inevitable?

 The Federal Reserve is planning to hike interest rates five more times in 2022 to try and cool consumer demand and slow rising prices.

 Alex Domash and Larry Summers of the Harvard Kennedy School are saying that their “recent research, however, suggests that engineering a soft landing is highly improbable and that there is a significant likelihood of a recession in the not-too-distant future. “That’s because high inflation and low unemploy - ment are both strong predictors of future recessions.

In fact, since the 1950s, every time inflation has exceeded 4% and unemployment has been below 5%, the U.S. economy has gone into a recession within two years. “Today, inflation is at 8.5% and unemployment is at 3.6%—suggesting a recession will be very hard to avert.”

Former Goldman Sachs CEO Lloyd Blankfein added to recession talk after telling CBS on Sunday that an economic downturn is “a very, very high risk factor.”

Economic storm clouds on the horizon could be the first sign of a looming, recession, according to many economic experts.

“Recession risks are high — uncomfortably high — and rising,” Mark Zandi, chief economist at Moody’s Analytics, told The Washington Post.

A recent Bloomberg monthly survey of economists found that the probability of a recession over the next 12 months is 30 percent, the highest in two years. This is double the odds economists had anticipated in February.

For U.S. households, the best strategies to employ, according to McBride, are paying down debt, boosting emergency savings, and taking advantage of the market downturn.

https://www.theepochtimes.com/the-inevitable-coming-recession-and-how-to-prepare-for-it_4474684.html?utm_source=morningbriefnoe&utm_campaign=mb-2022-05-19&utm_medium=email&est=YLr%2BgS58WbUqlCdITtTLt0sHU92L1NYpCRDuLaOsPOxDlZuMWRlv7S9Peqsy

Soaring food prices worry lawmakers as global hunger rises

 

Skyrocketing food prices are alarming lawmakers, who worry about the mounting impact on U.S. consumers and rising hunger around the world.   On Wednesday, the Labor Department reported an annual leap of 9.4 percent in food prices as of April, representing the largest 12-month increase since 1981.

Is “Meltdown” The Correct Term To Describe The Current State Of The U.S. Economy?

Biden turning America into 3^rd World Nation…Mothers can’t find baby formula as Biden sends supplies to illegals [which now number 1.6 million]! Gas prices hit new high while idiot in charge stops off shore drilling-IMPEACH this rat]

 

12 Nightmarish Economic Trends That We Should Expect To See During The 2nd Half Of 2022

A whopping 85 percent of us believe that it is “very likely” or “somewhat likely” that the economy will go through a recession at some point during the next year.  Of course the truth is that if all we have to suffer through is a “recession”, we would be extremely fortunate.  Our leaders have lost control of the economy.

 

Goldman Sachs Releases Recession Manual to Prepare Clients for Downturn

https://www.theepochtimes.com/goldman-sachs-releases-recession-manual-to-prepare-clients-for-downturn_4479411.html?utm_source=morningbriefnoe&utm_campaign=mb-2022-05-24&utm_medium=email&est=%2FXusIp%2FABlAbkb5c16WZnwqtbGtvWqwAKguIGhzfjoKEd8TgqfY3dVxWV%2BRu

 

Public More Concerned about Energy Prices than Supposed Climate Catastrophe

The economy does not produce energy. It uses energy. It depends on energy. No energy = no economy. It’s a very simple equation really, and one that is easily intuited. But somehow, we have unserious people making unserious decisions that will have entirely serious consequences and I’d like you to avoid them as much as …

UTTER CARNAGE: The Stock Market Is Coming Apart Like A 20 Dollar Suit As Fear Sweeps Through Wall Street

 

RELATED:

A major NBC News poll was just released and it looks BAD for Biden and the Democrats!

Just 16% of Americans polled say the country is headed in the right direction, while 75% say we're on the wrong track.

Americans now say inflation is the top problem we face as a country—and no other concern comes close. Just 19% rate COVID-19 as a very big problem, the lowest share of all 12 issues included in the survey.

There may be only one drastic option for the Feds now
Inflation and interest rate hikes means more suffering for Americans and a dilemma for the Feds as the economy weakens. Details >>>

 

Natural disasters don't wait for a convenient time

And you shouldn't wait to prepare either. In some cases there is little to no warning.

Prepare now to lessen the impact of disasters and emergencies

 

Remember:  You can’t buy life insurance after you’re dead!

When you think about packing up items to help you survive a natural or human-made disaster, you often think of backpacks. And there is good reason.

Backpacks are sturdy, lightweight, and with multiple pouches and pockets, they allow you to stow a large number of essentials. They come in expandable widths and sizes to fit even your smallest family members. And the best part is that your hands remain free with a backpack.

Super Emergency Survival Kit

•  Solar phone charger
• 72-hour 4Patriot emergency food pack [25 year shelf life
• 4Patriot Greens sample pack [Power supplement]
• 3 Luna Nutrition bars [assorted]+Sunmaid raisin pouch
• Cleaning Wipe Pack
• Steel River Emergency Tent
• Mini  First Aid kit
• TRS 5N1 EDC folding tool
• 3-package meal sampler
• Paracord bracelet w/ compass
• Reusable Face Mask
• Personal Water Filter Straw
• 11-Piece Emergency Survival Kit 

And more…

https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466

 

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You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

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