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America’s Slide Into Economic Oblivion Is Already Starting Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us? The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that better days are right around the corner. We have just got to be willing to accept the “new normal” which includes living in “tiny homes”, snacking on worms, and never expressing any independent thoughts which diverge from official mainstream narratives. So with that in mind, I will try to share the horrible economic news that we have been getting in the most positive light possible. This week, we learned that another 965,000 Americans filed new claims for unemployment benefits during the previous week…
But we are being told that this is only because of the failed policies of the outgoing administration and that things will definitely be much better under the next socialist administration. 2020 was particularly a tough year for low paid workers. At this point, even officials at the Federal Reserve are admitting that the unemployment rate for low paid workers “is above 20%”…
How can we put a positive spin on this? Well, at least more of them have had an opportunity to stay home and not catch COVID. So I guess you could say that this unemployment crisis has actually had a positive impact for public health. And more Americans are getting the opportunity to “stay home” with each passing day. Here is just one example…
Of course as fear of COVID continues to rise, American consumers are doing less shopping at Walmart and other corporate behemoths, and U.S. retail sales just fell for a third month in a row. But that problem will soon be fixed, because more universal basic income checks are on the way. All of the previous socialist “stimulus packages” weren’t enough, and so Joe Biden has unveiled “a $1.9 trillion plan to prop up the economy”…
Doesn’t that sound great? And Biden is also calling for “a national minimum wage of $15 an hour”. Don’t worry, that won’t hurt the restaurant industry at all. I don’t know why that statement is true, but that is what the “fact checkers” want us to say. And since Republicans and Democrats both abandoned any pretense of fiscal responsibility long ago, nobody is really pointing out that we are already 27.6 trillion dollars in debt and that we simply can’t afford any more “stimulus packages”. In fact, thanks to all of the reckless spending that we have already done, the budget deficit for the month of December 2020 was more than 10 times largerthan the budget deficit for the month of December 2019…
Overall, the U.S. national debt increased by more than 7 trillion dollars under the outgoing administration, and even CNN is admitting that “it will go much higher under Biden”. But the adherents of Modern Monetary Theory assure us that “deficits don’t matter” and that we can borrow and spend as much money as we want. Since that is true, why don’t we make the stimulus payments much larger? If we are liquidating the Republic anyway, why not send a billion dollars to everyone? Seriously though, there are millions upon millions of Americans that are deeply hurting as the U.S. economy melts down all around us. I hope that you enjoyed my attempt at injecting some humor into our situation, but what many Americans are facing right now is not humorous at all. At this point, most Americans are barely scraping by from month to month, and some are literally facing life or death financial decisions…
Can you imagine what it would be like to be in her shoes? Our entire system is failing, and things are only going to get worse in the months and years ahead. For decades, America has been running in the wrong direction and our leaders have been making incredibly foolish decisions. Now there is deep pain everywhere around us, and the level of suffering is only going to increase as the U.S. slides even faster toward economic oblivion. ***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***
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