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Tuesday, October 18, 2022

Another month, another bad report +Tips from Frugal Folks

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 



 
Another month, another bad report

+Tips from Frugal Folks

 

Inflation has been nearly intolerable for most Americans. We’ve been feeling the pinch for months.

 And now, analysts are playing the blame game with the Fed. We’re headed straight for a VERY serious recession.  [Yet, our bumbler n chief says ‘all is well’ on the inflation front]

 

The most recent inflation numbers have come out, and the news is not going to help Democrats win the midterm elections.  The government says the official number is 8.3%, but everybody knows the government numbers are a lie.  The current inflation number over at ShadowStats.com is the true inflation number, and it’s 16.5%, which is at a 75-year high according to economist John Williams.  Mortgage rates are now just below 7% for a 30-year home loan, and the Fed is vowing to keep raising rates until the inflation subsides. 

 What’s going down first?  Inflation or the entire economy?  It’s looking more and more like the answer is the entire economy.  Greatest Depression here we come,

Inflation sped up in September as rent, food prices surged

 

Consumer prices rose at a faster pace than expected in September as inflation accelerated for the second-straight month, according to data released Thursday by the Labor Department.  What ARE YOU doing to safeguard your family finances?

Food inflation is exploding as much as 40 percent year over year (for fresh and dried vegetables) while today's CPI number is deemed a catastrophe for the Biden administration and its disastrous economic failures.

- Fresh and dried vegetables: up 15.7 percent for the month and 40.2 percent for the year.
- Grains: up 10.7 percent for the month and 30.4 percent for the year.
- Fresh eggs: up 16.7 percent for the month and 97.3 percent for the year.

This is, of course, exactly what happens when a tyrannical, economically illiterate government wages war on food, farmers and fertilizer while engaging in insane levels of money printing that accelerate the collapse of the value of the dollar.

 

On October 13 the Bureau of Labor Statistics announced that consumer price inflation, at an 8.2 percent annualized rate, was higher than expected through September. Americans continue to endure the worst inflation in four decades. They continue to experience a decline in real average hourly earnings.

 

 They continue to tell pollsters that the economic recession has arrived. Blerina Uruci, an economist at T. Rowe Price, does not like what she sees. "This is very troubling," Uruci told the New York Times. "The trend is very troubling."

 

Not at the White House. It doesn’t see any troubles. According to President Biden, the most recent BLS data are superfluous. After all, everybody already knows that "Americans are squeezed by the cost of living: that’s been true for years, and they didn’t need today’s report to tell them that." As a matter of fact, Biden said in a statement, rising costs are "a key reason I ran for President." And anyway, the situation is under control. "My policies—that Democrats delivered—directly tackles [sic] price pressures we saw in today’s report."

End of story, thank you all very much, nothing to see here, move along, move along.

Just a minute - Biden’s reading of recent economic history is filled with evasions, half-truths, and "yarns."




The storm is coming: Are you ready for an “Economic Winter”

Many of the early financial indicators are sounding the alarm that we are entering a very dark “Economic Winter”. The market could be in a freefall with a downward spiral and that would be ugly and painful for investors. How do the world’s best investors protect their wealth and profit from these conditions…

The latest “official” read on the consumer price index (“CPI”) was released this month showing that inflation is still very high at 8.3%, leaving your paper assets and retirement funds fully exposed.

The market has become extremely volatile and sensitive to inflation and Fed’s interest rate numbers. A couple tenth percent in the wrong direction and the Dow tumbled 1,200 points for the worst day since June 2020 after a hot inflation report. Year to date, the market is already down double digits (15.21 % as of 9/19/22).

We have prepared an Free action guide that will explain why you need to diversify today!

Economists believe that inflation rate is in the double digits, however, they also believe that our government is reluctant to announce the true numbers as this might send the market into the unknown.

Well, imagine if the FEDs came out to say that inflation is actually more than 10%, what would happen to the financial world?
With that in mind, let’s look at the tactics the government uses to encourage investors not to panic.

Remember Covid -19? Well, the government didn’t give you the bad news at once. Instead, at first they said it will only be 30 days before we can resume work, then they dragged it out for another 60 days, before we ended up shutting down for more than a year. A couple of years later and we are still not able to control a simple virus.

However, with Covid-19 news the Dow Jones dropped within days from nearly a 30K points to below 20K points. Imagine the FED announced a complete shutdown for almost 2 years from the get-go, where would you think the DOW would have ended at the time? Would Wall Street would have ceased to exist?

Get your Free action guide that will explain why you need to diversify and protect your portfolio today!

Today, the FEDs are using the same approach with inflation. The current administration is gradually passing along the bad news, otherwise they know our economy would spiral into the unknown.


Well, Senator Ted Cruz summarized 
“BidenFlation” very well in one of his recent tweets in September 2022:

·  Natural Gas increased by 33%

·  Gasoline increased by 25.6%

·  Electricity by 15.8%

·  Groceries by 13.5%

Yet, our current administration insists inflation is lower than even what the official CPI rate is.

Senator Ted Cruz continued to add: “The Sad Reality is that Americans are struggling with 8.3% inflation and President Biden is living in a delusional world.”

The deadline to act is closing, get this specially prepared guide that details Why diversification is essential right now.

In a recent 60 Minutes Interview, President Joe Biden, noted “I’ve reduced the debt”. However, according to the Committee for a Responsible Federal Budget, President Biden has not reduced the debt but has added to it. In total, the Biden Administration has added $4.8 trillion to the deficit over the 2021-2022 period due to legislative and executive actions.

The truth of the matter is that the bull market is fading, and the bears are coming out of hibernation. Our two consecutive quarters of declining GDP seems to be heading for a hat-trick and the fear is growing as to whether our nation’s economy will Cross into depression territory instead.

We are living in strange times….

 

USEFUL RESOURCES



Food Storage Tips for the Pantry, Fridge and Freezer

When it comes to proper food storage and the organization of your kitchen, attention to detail can help you cut food waste almost entirely. Try these food storage tips for the pantry, fridge and freezer to see how much waste you can eliminate.

12 Household Items You Should Start Making Yourself

There are so many things that we take for granted. Common household items may top the list next to food, and there’s rarely a store that doesn’t have a good amount of those things in stock. But if for any reason those items aren’t easily available or affordable, you may have to make your own.

In some instances, it’s surprisingly easy. Others take a bit of time and effort. All of them save money, and if they’re simply not available – making your own could really make life easier. Here’s what we’ll cover...

12 Household Items You Should Start Making Yourself

 

Things Frugal Folks Do as the Weather Turns Cool

A change in seasons can cause a change in your budget. Consider these things frugal folks do as the weather turns cool to make sure their budget changes for the better. Are you taking advantage of these opportunities to save?

7 Programs That Help Struggling Retirees With Living Costs

Seniors may find some much-needed help with these programs.

Steps To Take When You Don't Have Enough Money

Do you have more expenses than income? Here are some things you can do when you don’t have enough money to cover your bills or pay down your debt.

10 Simple Grocery Swaps That Can Save You Big Money

Supermarket prices are out of control. Fortunately, a few simple changes can help save your food budget.

 

Where to Find Other Preppers and Survivalists

Friends and Neighbors - Your first step is to ask around. Begin with friends and neighbors who share some of your interests. Another idea is to be observant when you’re out and about in your community...

Where to Find Other Preppers and Survivalists



 

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Prepare now to lessen the impact of disasters and emergencies

 

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Useful Resources from our storefront-See new items!

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5 comments:

Cindy said...

We need to bury our bumbler in chief before he completely destroys our country. One look at the incompetent asses who ruin cities like NY, Chicago, St. Louis, Baltimore, DC, etc. is all the proof one needs to seem Dems are destructive.

Paula said...

Whether wants to or not, families have been forced to become frugal [though, we still see people spending like there's no tomorrow & I've heard personal credit card debt is thru the roof...taking a lesson from Biden & his drive to stratospheric national debt/spending]

Darius said...

Why does anyone believe a word from that forked tongue parasite & crime boss Biden?

Sandy said...

I think most would agree that Biden-Harris have been BAD for our economy & nation! both are inept & corrupt.

Sanford said...

Biden's addled brain makes him believe all is well in his la la land; get rid of this moron before he cripples our nation permanently.