At The Corner of Debt and Implosion

The great enemy of freedom is the alignment of political power with wealth.  This alignment destroys the natural wealth of localities, the local economies of households, neighborhoods and communities and so destroys democracy…” Wendell Berry

The GDP first quarter growth was only 1.1%, confirming that the economy is getting weaker as inflation is growing.  Our debt is $35 trillion, the federal deficit so far this year is $1.1 trillion, and our debt is up $2 trillion just in the last year and still growing. In other words, the Fed can’t control inflation.  In the first three months of this year, we sold $7.2 trillion of debt, the largest quarterly total on record.

Biden boasts of his great fake economy but in reality, the regime is cooking the books.

Many “new jobs” in the US under Biden are part-time. Eleven of the last 13 job reports have been quietly revised down from the original report.  If there is any real job growth, it is from people working more than one job trying to put a roof over their head and food on the table.

People are losing their homes in large numbers. According to the AP, evictions are 50% higher in some cities and overall, they have increased 78.6% since 2021. Personal bankruptcies are up 13% just since September of 2023 and business bankruptcies are up 30%.

According to Zillow, rent prices are up 30.5% from 2019.  Interest rates and inflated home prices have shut the door on the American dream for the younger generation and older homeowners are being squeezed by increased real estate taxes and insurance rates.

Gasoline prices are soaring.  Since the beginning of the year the average national price of unleaded regular has jumped nearly 40 cents a gallon since the beginning of the year, according to AAA data, with diesel increasing 70 cents just in the last year.

Since 2021, your electric bill has soared almost 30%, which is 50% more than overall inflation.  It is rising 13 times faster than the previous 7 years according to the Wall Street Journal.  No wonder, federal regulations, renewable subsidies and state green energy mandates are forcing fossil fuel and nuclear plants to retire prematurely.

Solar and wind need backup from gas plants, usually at a hefty premium.  During power shortages, spot prices can hit $10,000 per megawatt hour compared to $30 to $60 on a normal basis, according to the Wall Street Journal.  The costs of hardening the grid to support the government’s green transition have cost utilities about $370 billion, all of which is passed on to the consumer.

The Inflation Reduction Act is the biggest legislative misnomer of all time. Electric rates will increase even more as businesses pass on their higher energy costs to customers.  In addition, higher rates will make manufacturers less competitive driving up the cost for cars, appliances, repairs, parts and maintenance.

US retailers shut almost 5,500 stores in 2023 with major brands like Bed Bath & Beyond, Walgreens and Rite Aid leading the pack.  Home and office stores were hit the hardest, accounting for over 30% of all closures; more than twice the number of 2022.  Other retailers closing stores include CVS, David’s Bridal,  7-Eleven, Foot Locker, Tuesday Morning, Christmas Tree Shop, Office Depot, Big Lots, Sally Beauty, and Petco, to  name but a few.

There is a stiff price to be paid for “fundamentally changing America.”  The poor and people on fixed incomes will suffer the most but everyone will pay a price.  Shoplifting, soft-on-crime policies, downsizing the police departments, protestors, wars, centralized State control and attacks on housing, jobs, gas and small businesses via regulations and higher taxes all demand the average American pay a price.

The government basically conducts a process of slow default on the economy through rising taxes and weakening the purchasing power of the currency, which leads to weaker growth and erosion of the middle class. When the fiscal position is unsustainable, the only way for the government to survive is to force acceptance of its debt through newly created currency which they will have to coerce and repression the citizens to accept.

Globalism is a replacement ideology that seeks to reorder the world into one singular, planetary Unistate, ruled by the globalist elite. The globalist war on nation-states cannot succeed without collapsing the United States of America. The long-term strategic attack plan moves America incrementally from constitutional republic to socialism to globalism to feudalism. Linda Goudsmit, Changing Hearts and Minds,

Source:  The Bidenomics Plan for the Average American by M. Dowling and Skyrocketing Energy Prices: Electric Soars 29.4% by M. Dowling, Independent Sentinel; True Scale of US Retail Bloodbath Revealed: How a 5,500 Shops Have Closed in Just One Year, by Neirin Oray Desai, Daily Mail; The Feds are Going to Let Inflation Rise – It’s Alarming by M. Dowling, Independent Sentinel; Why the US Debt is Unsustainable and is Destroying the Middle Class by, Daniel Lacalle, Mises

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