The Wreck Of The US Middle Class: America’s Paychecks Bigger Than 40 Years Ago, But Purchasing Power About The Same (Credit Card Delinquencies Highest Since 1991)

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by confoundedinterest17 Under Bidenomics and Fed monetary “policies”, we now have the wreck of the US middle class. To begin with, America’s paychecks are bigger than 40 years ago, but purchasing power of those larger paychecks is about the sames as it was 40 years ago. Great job Washington DC!!! … NOT!!!! Meanwhile, credit card delinquencies … Read more

Gold & Oil: Understanding Rather than Fearing Change

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By Matthew Piepenburg There is much legitimate (as well as dramatic) talk about the failing US, its debased currency and its identity-fractured/inflation-taxed middle-class which has been increasingly described more aptly as the working poor. The End, or Just Change? But is America coming to an end? Will the USD lose its world reserve currency status? Will the greenback … Read more

Almost two-thirds of middle class Americans say they are facing economic hardship and don’t anticipate a change for the rest of their lives

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(Bloomberg) — Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a poll commissioned by the National True Cost of Living Coalition. By many traditional measures, the US economy is strong, with robust labor, housing and stock markets, … Read more

There’s Just One Thing Propping Up the Dollar

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Bad news is the new good news? It is to investors rooting for the Fed to lower interest rates. Those who think cheaper credit is the answer misunderstand the bigger picture… By Phillip Patrick, for Birch Gold Group This morning, the following headline caught my eye: Does this strike you as strange? A “stronger economy” means … Read more

The US used to be much hotter

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The vast majority of the US recorded their hottest May temperature prior to 1960. The US used to be much hotter. #ClimateScam pic.twitter.com/ZNNSSWrtNU — Tony Heller 🇺🇸 🇯🇵 (@TonyClimate) June 1, 2024

Luke Gromen: US Economic Policies of Past 40 Yrs Intentionally Being ‘Trashed,’ Impact on Gold & BTC

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Kitco News, Released on 5/24/24 Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Luke Gromen, founder and president of Forest for the Trees (FFTT), and author of ‘The Mr. X Interviews.’ Gromen says the U.S. dollar is getting repriced, not replaced, while assets like gold and Bitcoin see massive gains. Gromen explains why … Read more

Biden promised the “Inflation Reduction Act” would lower healthcare costs. It’s actually doing the exact opposite.

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When President Biden signed the Inflation Reduction Act in 2022, he promised it would lower Medicare costs for America’s seniors. Loaded with the all-too-familiar political rhetoric of “taking it to drug companies”– what is missing from this talking point is how the President “took it to seniors.” Thus far, however, seniors’ costs have skyrocketed. A … Read more

China says ‘bullying’ tariff hike shows some in US are ‘losing their minds’

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BEIJING (Reuters) -A U.S. move to raise tariffs on Chinese goods is a sign of weakness, not of strength, and shows that some in the United States may be “losing their minds”, China’s foreign minister said on Wednesday, in unusually blunt comments. U.S. President Joe Biden on Tuesday unveiled steep tariff increases on Chinese imports … Read more

They think you’re dumb enough to believe this bullsh-t

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🤡🌎 they think you’re dumb enough to believe this bullshit pic.twitter.com/0R1tr078kv — Clown World Today (@cwt_news) May 15, 2024 REPORTER: "We're still seeing inflation above normal levels … do you have a sense of when households can expect to see prices stabilize?" KARINE JEAN-PIERRE: Nope pic.twitter.com/6Y6Ct0RZmX — RNC Research (@RNCResearch) May 15, 2024

Peru classifies transgender, nonbinary and intersex people as ‘mentally ill’

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The Peruvian government has officially classified transgender, nonbinary and intersex people as “mentally ill.” The controversial decision was made to ensure the country’s public health services could “guarantee full coverage of medical attention for mental health” for the trans community, the Peruvian health ministry explained, according to the Telegraph. The decree will supposedly alter the language … Read more

Rickards: $27,000 Gold

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BY JAMES RICKARDS I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast. My latest forecast is that gold may actually exceed $27,000. I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis. Of course, there’s no guarantee it’ll happen. … Read more