Posted on 09/05/2023 10:15:56 AM PDT by Kaiser8408a
Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class.
The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses.
If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael Bostic is its President) which has Q3 GDP at 5.6%.
When will The Fed return to it low riding rates days?
Reverend Biden.
(Excerpt) Read more at confoundedinterest.net ...
Quite a disparity between StL. and Atlanta Fed. Meanwhile, back in the Ozarks, gas at the pump has risen to $3.70.
Consider: https://www.shadowstats.com/
The Feral Reserve is the ruination of this country.
True clean capitalism, which we have not had now for many years, would allow those who wish to do so to build homes sufficient to meet the need, farmers, auto manufacturers and all others to do the same.
Inflation would be stopped by sufficient inventories to meet needs and at the same time, millions now put out of work by the Fed would have jobs.
The Federal Reserve is a scam run by socialist working hard to turn all of us into government drones.
Be sure to put on that mask, park your vehicle and get your clot shot and then stay home.
And help destroy America.
https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/
Thank you.
And I would like to say that in my haste I neglected to make it clear that the sarcasm at the end was not directed at you personally, but to any and all libs who might accidentally read my post.
It is rather scant solace, but, pretty much everybody else is doing worse, at least recently.
Don’t ask me where recovery comes from when the whole thing breaks, tho’.
:-(
At the rate we’re going, the world will be a ghetto before too long.
Friend, take heart. Recovery will come, though perhaps our current addiction to debt needs to go the way of the alcoholic who must first experience that which will change his heart and mind.
Peter St Onge, at the Heritage Foundation, has some interesting notions about closing the Fed. Worth considering.
Such as: https://www.youtube.com/watch?v=HArmCV8x7AI
As to various sorts of collapse, we knew many one-time East Germans who became simply Germans, with the collapse of the USSR and resultant collapse of the DDR. After some short wrenching experience, things turned around. People will not remain "collapsed." Only governments and perhaps politicians will.
But additionally a survey of the many national abrogations of debt throughout the 20th century, things would re-form with reforms. Some sadly then go back through the same stupidity because politicians are politicians. But people survive, and some survive reasonably well.
The biggest thing, as my wife and I see it, is to "not let the bastards get you down." Media-driven fears are rampant, the end of the world supposedly coming from climate issues, or the BRICS+ challenges, or debt, or pandemics and more.
Walking away from the fear -- even the media and certainly from MSM -- is advised. Have little or no debt. Own real estate away from inner cities. And such.... But especially, reject the fear merchants.
The recovery will come. From us. Best wishes.
The massive Nancybucks bills are not hitting the economy like successive tsunamis as they were the last three years.
Improvise, Adapt, overcome
Success is the best revenge.
Agreed.
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