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Historical Pandemics and Perspective - Economy

“Those who are able to see beyond the shadows and lies of their culture will never be understood, let alone believed, by the masses.” - Plato

 

 

BIDEN'S AMERICA

 

Draw your own conclusion.

 

These charts need very little explanation.

 

While I am not an economist, the picture does not look good.

 

Biden has America hanging on by a thread. Our economy is being propped up by smoke and mirrors.

 

We are all becoming poorer as the dollar loses value.


 

INFLATION

 

First, Democrats are either faring better than Republicans, or they are in denial.



 

Secondly, if you believe the Government CPI figures (currently 3.1%) you haven’t bought groceries or been out to eat on the past three years.

 

While inflation is down since middle of 2022, CPI should be called CPlie.











Yet they tell us CIP is running 3.1%

 


It is because they keep changing the official CPI criteria and method of calculating CPI. It no longer matches reality. The real inflation rate is higher.

 

The government massages the data to report lower inflation so that cost of living adjustments on social security are lower each year. CPI formulas have been changed multiple times since the 1980s to reduce the headline inflation number that is reported.

 

Real TIPP CPI inflation rate on prices regarding "must have items" since Biden took office is at 17%.

 

Annual inflation outpaced earnings growth for a record 26 consecutive months. Real (inflation-adjusted) incomes are down 4.5% compared to January 2021.

 

One third earning $150K/year say they're living paycheck to paycheck; rely on credit cards.

 

Here is the source of inflation. M2 is the measure of the money supply in the U.S. economy. That growth was the direct result of the government stimulus handouts and reckless fiscal policy – money printing and spending without restraint.



 


 

SHELTER

 

Homes are becoming in short supply and priced out of the reach of younger first-time home buyers. Rent is outpacing income, forcing people to live together to survive.

 

A record number of Americans are homeless amid nationwide surge in rent as it continues to rise 12-16% year-on-year.

 



 

Workers are losing ground to rent rapidly.

 

 

 

CONSUMER DEBT

 

Credit Card debt is in dangerous territory. Defaults are breaking records.




We are spending a fortune on personal Debt Interest. This takes money out of the discretional spending bucket.

 

NY Fed warns of mass defaults as household debt hits a record $17.5 trillion. That's up $3.4 trillion since the pandemic -- almost $30,000 per household. 



 

FEDERAL DEBT

 

Our National Debt Interest payments now exceed Defense Spending. We are adding about $1 Trillion to the National Debt every quarter.

 

Our interest spending is eating up tax revenue. And it is money not going to beneficial use.



 






 

JOBS

 

If one looks only at the headline numbers in each monthly Jobs report, the economy appears to be off to the races. Nonfarm payrolls are up, and unemployment is down.

 

But few analysts have bothered asking questions like what kinds of jobs are being added to the economy, how much they pay, who has the jobs, or why the unemployment rate is so low.

 

"That native-born Americans have made no progress in terms of job numbers in four years is a key reason why they view the economy so poorly, but it isn’t the only one. Their inflation-adjusted weekly earnings are still down 4.4% under Mr. Biden..." - E.J. Antoni, Ph.D.

 

The economy is not adding high-paying, full-time jobs that come with benefits. The number of full-time jobs was roughly flat over the last 12 months, so essentially all the job growth was part-time employment or jobs given to illegal aliens. As the layoffs mount, Americans are replacing their previous job with more than one part-time job.

 

The low unemployment rate is also a facade as, the product of over 5 million people missing from the labor force following Covid lockdowns and folks being paid not to work.

 

Full-time jobs are contracting. The faux Biden Jobs reports, you know the ones they revised down a month later when no one is looking, show all new jobs are going to illegal aliens and part-time workers.

 

With now 60% of Americans living paycheck to paycheck and taking on second and third jobs, Americans are not faring as well as is being portrayed.

 


 

US TREASURIES

 

Yield curves have an incredible track record in anticipating recessions.

 

 

 

EQUITIES MARKET

 

The top 10% of stocks in the US now reflect ~75% of the entire market. This is, by far, the most concentrated stock market since the Great Depression in 1931. In the Dot-com bubble of 2001, concentration of the top 10% of stocks peaked at ~72%.

 


 

RETAIL SALES

 

Retail sales crash as the American consumer hits a wall. Sales fell at an annualized 10% rate.

 

As Zerohedge put it, soft-landing is morphing into crash-landing.

 

“Despite media gaslight, consumer sentiment has been recession level for over a year. Unsustainable debt kept it going, but now reality is catching up fast.” – Peter St Onge

 

 

ACTION

 

What do you do in response to this?

 

Beats me!

 

As I have said before, I am always wrong with my timing. Get in the markets when I get out, and vise versa.

 

But, I can see once again, like in 2007, things are not adding up. Nothing makes sense.

 

We are being lied to in an attempt to keep the economy going until the election. But, once panic sets in, it could get ugly very quickly.

 

Brace yourself for what the future may hold.

 

“Wake up - the hour is much later than you think.” – Emerald Robinson

 

 

 

SEEKING THE TRUTH: Follow the silenced! The truth will not be found on your television or newspapers; not even Fox is reporting anything close to the truth.

 

Seek the truth; share the truth.

 

For tons more information that runs counter to the narrative, find me on Twitter/X @tim_f_day, on Telegram @TreyBone, or TruthSocial @tim_day.  YouTube and Facebook are so heavily censored, it is a hopeless cause. So, I post heavily on Twitter – far, far more than I can put in an email.

 

I carpet-bomb Twitter/X daily with enough facts and truth to bring anyone willing to read a bit, up to speed in very little time. Just reading the posts and headlines on my Twitter channel will clear the clouds of deception.

 

You cannot go onto Twitter/X and merely look around. You need to plug into the right network. I am doing the work for you. Examine my network.

 

https://twitter.com/tim_f_day Follow those I follow to stay truly informed.

 

Note: I'm not a conspiracy theorist. I am a "things aren't adding up and it's pretty obvious" theorist. And, a decidedly “I ain’t buying the mainstream narrative” anymore patriot.

 

My objective is to awaken Christians to the clear and present danger; to awaken the silent majority – the sleeping lion.

 

Past posts can be found at: https://www.wednesdaywarriors.org/blog.


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