By Michael – The Economic Collapse May 21, 2024
I have a great idea. Let’s wildly print money, let’s systematically destroy the reserve currency of the globe, let’s add a trillion dollars to the national debt every 100 days, let’s strangle the economy with all sorts of ridiculous regulations, let’s dramatically hike interest rates, let’s make things exceedingly difficult for our domestic energy industry, and let’s allow theft, violence, homelessness and migration to run wild. Then we’ll sit back and see what happens. What I have just described is essentially what we have witnessed over the last three years. Joe Biden and others in positions of power in Washington are running our economy into the ground. The system really is coming apart at the seams, and Bidenomics really is the beginning of the end for the U.S. economy.
Former Chrysler and Home Depot CEO Bob Nardelli is also sounding the alarm about the severe damage that Bidenomics is doing.
In fact, he just told Maria Bartiromo that the fault lines of our economy are “about ready to crack”…
Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up.
“What I’ve seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they’re about ready to crack,” he told FOX Business’ Maria Bartiromo.
He is right.
Our economy is steamrolling in the wrong direction, and the short-term outlook is extremely troubling.
One recent survey of small businesses found that nearly half of them believe that they will “definitely” or “probably” not survive another four years under Joe Biden…
In a new report from RedBalloon and PublicSquare, nearly half of the 80,000 small businesses surveyed said they “definitely” or “probably” will not survive another four years with Biden.
“There is nothing I can afford to do in addition to what I’m already doing. If things don’t change, I’ll be finished,” one business owner said in the report.
Already, businesses are making moves to preserve their cash flows. Four in 10 now said they are delaying paying bills while a whopping seven in 10 have put all staffing plans on hold, the survey found.
And a different survey discovered that a whopping 43 percent of all small business renters in the U.S. could not pay their rent in full last month…
A significant number of small businesses across the nation are struggling to pay rent due to skyrocketing costs, a recent study by business networking platform Alignable found.
The company’s latest Small Business Rent report, published on Friday, found that 43 percent of small business renters in the U.S. were unable to pay their rent in full and on time in the month of April. Such a high delinquency rate hasn’t been reported in the U.S. since March 2021, at the height of the COVID-19 pandemic, when it reached 49 percent.
More small businesses are going under with each passing day.
We really are in the midst of a “small business apocalypse”, and that is extremely bad news, because small businesses create most of the new jobs in this country.
Rising costs are one of the primary reasons why so many small businesses are now in hot water, and inflation is also crushing ordinary American families that are just trying to make it from month to month.
Earlier today, I was astounded to learn that the price of an order of medium fries at one McDonalds location in Los Angeles was $1.79 at the end of 2019, but now it has risen to $4.19.
Print more money. What could possibly go wrong. pic.twitter.com/TTRqGQLkIl
— Rothmus 🏴 (@Rothmus) May 20, 2024
When the Federal Reserve was pumping trillions of dollars into the system and our politicians were sending out free checks to everyone, I warned that this would happen.
Not too long ago, $648 was a fairly typical monthly mortgage payment on a nice home.
Today, it is the average monthly payment on a new vehicle in the United States…
More than 115 million people in the U.S. finance their automobile purchases, and if you do, you might want to hold on to your current vehicle for as long as you can. Buying a car is becoming more financially difficult than ever, with the average car payment in the U.S. at an all-time high — $648 for new cars and $503 for used vehicles.
The average sticker price on a new vehicle has risen to almost $50,000.
If you are old enough, you probably bought an entire house for less than that many years ago.
Speaking of home prices, they have risen by more than 47 percent since the beginning of this decade…
Home prices have surged 47.1% since the start of 2020, easily outstripping the gains seen in recent decades.
That’s according to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, which showed that house prices in the 1990s and 2010s grew a respective 30.1% and 44.7%.
Today, most homeowners are stuck in their current homes because they literally cannot afford to move.
Without a doubt, the raging inflation that our leaders have created has done an immense amount of damage.
According to one recent survey, 65 percent of U.S. households are convinced that inflation is making their financial lives “worse”…
Inflation made the financial lives “worse” for 65% of US households, according to the report. Among those, 19% said it was “much worse.”
The findings were drawn from the Fed’s 11th annual Survey of Household Economics and Decisionmaking, which looks at American’s economic health across a variety of areas, including employment, income, banking and credit, housing, retirement planning, student loans, childcare and even Buy Now, Pay Later usage.
The longer Joe Biden is in the White House, the more intense the economic pain is going to become.
Many businesses that were once thriving are now going belly up. The latest iconic chain to file for bankruptcy is Red Lobster…
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering nearly 100 restaurants across America.
The seafood chain, which has closed restaurants in 27 states, has been struggling with rising lease and labor costs in recent years and also promotions like its iconic all-you-can-eat shrimp deal that backfired.
Demand for one such recent promotion overwhelmed restaurants, reportedly contributing to hundreds of millions in losses.
If we really want to fix the economy, we should be like George Costanza and “do the opposite” of everything that Joe Biden and his minions have been doing.
But even if Joe Biden is voted out in November, the “experts” running the Federal Reserve will still be there.
And they have been doing an absolutely nightmarish job.
In addition, our Congress critters just continue to borrow and spend us into oblivion no matter who controls the White House.
Our leaders have been making really bad decisions for decades, and now we really have reached a breaking point.
Bidenomics has been an abject failure of historic proportions, and the pain that it is causing is getting worse with each passing day.
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Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
Great, let’s just look at the last 3 years.
Let’s keep in mind that most Nazi regime decisions take 18 months to filter into the economy. Sure, Biden, and his team are Satanist Nazis who really don’t care, because they can’t fix it. It’s like trying to stop the tide, or Sun rise.
US decline was a cake in the oven in the 1970. They are long passed the point of making calculated decisions, as in one choice being slightly better than the others. They don’t have any options, because they’re all very bad, and it’s the same in bankrupt Nazi Britain.
Sunak is in a shit hole. When he arrived in No10, he probably thought, ‘I can do this, turn it around’, but then he gets access to the true nature of the beast, and then he realises it’s hopeless, like the sinking Titanic.
One of Labours big funders has demanded a meat tax. This is cutting edge thinking, this is the best they have, a tax on meat. Starmer is a total establishment Nazi ***t.
This is why they want Russian resources. This is why we’re going to WW3, and this is why Lordy David Pecker Pigs Head Cameron is effectively the real PM. Sunak wants out.
To be honest, it’s not very productive to discuss the Nazi economy outlook. It’s must worse than we know, and it could get so bad, that many could die. We already have a situation where lambs go without food, and sheeple miss many meals in any given week, and the worst, the food they do get to eat is basically shit. The food industry’s main goal is to turn waste into products that are presentable and sheeple will buy. McDonald’s is now struggling, because they have taken their waste to product development to its limits, and they hiked prices to beyond what many sheeple will pay for, and you might ask why is this example so important? There’s a very good reason why it’s so important. Just think of the jobs, not just those who flip burgers, but the logistics, the production, and the farmers, they could all be fecked, because their space in the market is being closed down by the collapsing economy, inflation, and the fact the £ in your pockets is rapidly losing it’s buying power.
Biden has been bad, but he didn’t start the fire. Thatcher used North Sea oil taxes to fund privatisation. Although, to be fair, Labour were already doing it under Benn, and now we have railways that don’t work, the Thames is literally a sewer, and Thames Water has well over £12,000,000,000 in debt. Where are the prison sentences?
“small business Apocalypse”. Hilarious.
There will be other examples equally as extreme, But if you want to see ‘Apocalypse’. Go to Down town (down town 🙂 ) DEWSBURY – West Yorks. That place is a forerunner as to what most town centre’s will look like soon enough. Degradation in it’s finest. 50/60 years ago, quite a vibrant town. then the brahn folks moved in..WHOLESALE. The j eWs keep the commercial rents high, with intent. The Brahn’s keep everything ‘in house’ & patronise their own. Job done.
Unless of course, you want to Vape.. Have your nails done, Put on a bet, or have your hair cut at a TURKISH barbers, you don’t have to wait, There’s never any one in there. Although they all run quality German saloon cars ! They run the taxi’s too.
Brit small business was on it’s arse well before the Ocky Coky planned-demic anyway. But folks still continue to shop on line & pay through their phones, 4 forks ache…It’s not hard to work out.
Yes…
Joe Biden did this…just vote republican next time… er ..no don’t…
To paraphrase…
“never attribute to stupidity that which can be adequately explained by malice (aforethought)”…
Of course. beyond most peoples understanding is the fact that the so called capitalist system..itself an outgrowth of talmudic mysticism (economics is a pseudo science staffed by gatekeepers)…was designed to benefit the people who create the ‘capital’…the capitalists…and once they had your belief..to eventually suck up all the whirleds assets..via credit..which of course is the basis of the system…
or if you prefer DEBT.. because if you are in debt..you don’t actually OWN… which is where they have it..
A cunning plan, I’m sure you would agree…
By the way, as you may know..the plandemic and of course the hehe…NetZero..rackets are the tools by which the humpbacks intend to steal everything…including what they call the Global commons..which of course means all the worlds resources…
It’s safer that way…with a nice cuddly cover stories… targeted at hopelessly brainwashed imbeciles…many of whom actually go out and demand total immiseration and helotry via ‘Protests’…
and eventually euthanasia, the euphemistic zero carbon…
Empty business premises don’t make money.
But if they are owned by BlackRock and Co, The goal might be to make Americans poor and weak.
A Jew on TV, I watched on YT said, what’s a few dozen malnourished children, dead from hunger and starvation in Gaza. When in America 20,000 Americans died from hunger and starvation in America last year. He tried to say, Gaza not too bad compared to Berlin. He got that far before he was made to return to today in Gaza.
A very slippery guy.
He said something like that.
Ron Dermer his name on ABC 7.30
He was non-stop bullshit from beginning to end.
oh yeah..as if some 81 year old senile geezer is actually making these socioeconomic policy decisions. Its all part of the plane–the Jews & their two party Commie State are flooding the nation with millions of wogs & morphing the US into an overpopulated third world dysfunctional society of crime drugs and scum…not much you can do about it except profess ‘The Book of the Law’ as the new white religion & join the A.A. Nico has shown the way out of this mess.
Horus-Aiwass-Crowley-Hitler-Nico X
Appears to me, the end is close for Biden, now that Trump has done a deal with the US Nazi deep state.
Biden’ daughter confirms statements made in her diary that she did indeed have in appropriate showers with daddy and memories of possibly being abused by her father.
While this on its own is not new news that Biden is a paedophile, it does add to the layers being laid down for his exit path.
It’s not just that Trump could or should win, it’s the absolute fury of the election battle. So if Biden is replaced by X, then is dissolves the hate filled election into a one sided whimper.
I can’t read the collective US Nazi deep state mind, but maybe Trump is the Nazi get out of jail card. Maybe Trump can fix most of Nazi Amerika external problems, but that still leaves a bankrupt mess, and this aside, Bankrupt Nazi Britain won’t like it one bit, and I’m sure they’ll try something.
It’s not Bidenomics , it’s Judeonomics . The president is a JWO front man / figure head regardless of party affiliation. Limited hangout artist Michael Snyder is always more than willing to do the play by play on the economic train wreck, detailing all the symptoms , but never identifying the cause / culprits — his fellow tribesmen. All the wheels of the JWO machinery kept churning when Trump was ‘ president ‘ , while he posed as a saviour , but the MAGA morons still believe in him. Anyone that still ‘ votes ‘ in this rigged system and participates in the charade , is part of the problem. It’s a diabolical game show — we lose regardless of which contestant / candidate wins.
The economic video sites which I used to watch but mostly read the titles now to get a feel for things are saying China is about to start dumping their dollar holdings in a big way, and the BRICS want to rush through a digital currency as a means of exchange to hasten the end of their dollar trading.
America’s aggression against Russia and China and their countless illegal sanctions on any and all they have a grievance with has brought this about. They weaponised the dollar and others can use the same weapon now but they could never have done that before America did it.
The article says small businesses provide all the new jobs, but we recently heard that 90-odd per cent of these go to Blacks, so we would prefer there to be no new jobs until there is a Nazi government
@ USA END ?
HOPEFULLY !