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Credit card DEBT has SOARED, thanks to BIDENFLATION

November 15, 2023 -

According to the Federal Reserve Bank of New York's (New York Fed) Quarterly Report on Household Debt and Credit released Nov. 7, credit card balances hit a new high of $1.08 trillion during the third quarter. This grew from a mere $48 billion from the previous quarter, and jumped by a record $154 billion compared to the number from a year ago.

This huge YOY leap is the biggest since the New York Fed began tracking household debt and credit data in 1999. Its report ...

Bidenflation much worse than expected: Consumer prices rise 9.1%

July 14, 2022 - Inflation in the United States, already at 40 year highs, rose to an annual rate of 9.1 percent in June, the Department of Labor said Wednesday. This is the highest rate since 1981.

(Article by John Carney republished from Breitbart.com)

Compared with a month earlier, the Bureau of Labor Statistics’ Consumer Price Index was up 1.3 percent.

Economists had expected CPI to rise at an annual rate of 8.8 percent, up from 8.6 percent in May. They expected a month-over-month increase ...

BIDENFLATION: Wholesale prices in September and October rise to record highs

November 11, 2021 -

In September, inflation at the wholesale level rose by 8.6 percent compared to the same month last year.

"Excluding volatile food and energy prices, wholesale inflation was up 0.4 percent in October from September and 6.8 percent from a year ago," wrote Paul Wiseman for the Associated Press. (Related: Biden's economic agenda, COVID policies make supply chain crisis worse.)

Much of the increase in overall prices was caused by a jump in the price of wholesale goods, ...

Thanksgiving was more expensive under the Joe Biden administration thanks to “Bidenflation”

November 27, 2023 -

Some notable holiday favorites severely impacted by food inflation include russet potatoes, canned pumpkins and canned cranberries, whose prices are up 14 percent, 30 percent and 60 percent, respectively, compared to the previous year. (Related: U.S. roads and airports BRACE for major Thanksgiving travel chaos as severe weather causes traffic and flight delays.)

"We're definitely more conscious about what we purchase," said one Thanksgiving shopper interviewed by CBS ...

Biden’s tariffs to drive up prices of canned goods, solar panels as “Bidenflation” intensifies

August 24, 2023 -

While the decision intends to address concerns about trade practices, the effects are inevitably bad: higher prices of canned foods, job losses and business closures.

Among the three countries, China faces the most significant impact. Its imported products will be subject to the highest tariffs, amounting to a levy of 122.52 percent of their import value.

This tariff rate underscores the administration's frustration with Chinese companies for not cooperating with ...

BIDENFLATION: American hunger soaring as food becomes too expensive for many families to afford

March 24, 2023 -

When the Pedophile-in-Chief first assumed office in January 2021, only one in five Americans was occasionally having trouble buying enough food for proper nourishment. That figure spiked to one in four at the end of 2022, constituting a massive 23 percent increase in just one year's time.

Bidenflation caused a whopping 63.2 percent of adults in America to see their grocery costs increase "a lot" last year. The most negatively affected demographics were Hispanic ...

BIDENFLATION: Rents increased by nearly 20% in 2021 due to runaway inflation and disastrous economic policies

February 22, 2022 -

This information is according to an analysis of rental properties listed on the website of real estate company Realtor.com. The Associated Press looked at the prices of properties with two or fewer bedrooms from Dec. 2020 to Dec. 2021 in America's 50 largest metro areas.

The analysis found that median rent rose by 19.3 percent within one year. The largest jump occurred in the Miami metropolitan area, where median rent skyrocketed to $2,850, or 49.8 percent higher than ...

Bidenflation getting much worse with no end in sight as Americans’ real wages fall for 15th month

July 18, 2022 -

According to the Labor Department earlier this week, inflation caused by massive Democrat spending bills on top of a supply chain crisis and a regulatory war on fossil fuels, is now in overdrive, as noted in a report from CNBC:

The consumer price index, a broad measure of everyday goods and services related to the cost of living, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation going back to November 1981.

Excluding ...

World War III will be the excuse for extreme FOOD RATIONING across America

October 05, 2023 -

During WWI, so many farms were transformed into battlefields, and so much of the transportation network disrupted, that moving food to grocery stores was no longer as easy as it once was. This is why on Aug. 10, 1917, right after the United States entered the war, the U.S. Food Administration was established: to manage the wartime supply, conservation, distribution, and transportation of food.

Then-President Woodrow Wilson appointed future-President Herbert Hoover to ...

Kellogg’s CEO faces backlash over “cereal for dinner” campaign amid rising grocery prices

2 months ago -

The initiative, which suggests a more affordable dining option for families amid skyrocketing grocery costs in the form of Kellogg's breakfast ceral products, has faced backlash.

In a recent live interview on CNBC's Squawk on the Street, Pilnick promoted cereal for dinner as a cost-effective alternative for families as he addressed the increasing food costs. He argued that "the cereal category has always been affordable" and "a great destination when consumers are under ...

Connecticut set to become first state to wipe out medical debt for eligible residents

February 06, 2024 -

Connecticut is set to become the first state to eliminate medical debt for all eligible residents.

The program, expected to commence in June, will be carried out in partnership with a nonprofit organization specializing in acquiring and canceling medical debt. Eligible residents include families whose medical debt represents five percent or more of their annual income.

According to a recent Consumer Financial Protection Bureau report, medical ...

Another one bites the dust: Major car dealership files for bankruptcy, fires all employees

September 14, 2023 -

"The salesman that I was meeting with called me and told me, 'Hey, I have bad news. The company just went out of business. We're all fired, and there's no way we can help you anymore,'" Lopez shared. "They shuffled all the employees out of there with all their belongings and locked the door."

Lopez has already paid $500 as a down payment to take the car he was interested in off the market. He has struggled to contact customer service and is concerned that he will not ...

Poll: Most voters see Biden as a POOR LEADER who cannot be trusted

August 24, 2023 -

The poll, conducted by Center Square and Noble Predictive Insights (NPI) from July 31 to Aug. 3, sampled 2,500 respondents. Unlike traditional national polls that had a cap of about 1,000 participants, the survey had a larger comprehensive respondent size. Registered voters who leaned Republican, Democratic and Independent were surveyed.

According to the poll, 49 percent of voters say Biden is not a strong leader compared to the 36 percent who believe otherwise. Forty-nine ...

Google faces backlash over MASS LAYOFFS in January despite company’s financial success

February 23, 2024 -

The job cuts, which affected a thousand employees, included hundreds of workers in the voice assistant sector, hardware teams responsible for Pixel, Nest and Fitbit products, augmented reality, engineering and ad sales teams. The layoffs seek to restructure the ad sales team to focus more on the Google Customer Solutions team rather than the Large Customer Sales unit. The former deals with smaller business clients, while the latter is responsible for selling ads to large businesses....

YouTube lays off 100 employees amid wider job cuts at parent Google

January 23, 2024 -

Multiple media outlets reported on Jan. 17 that the tech giant told employees at YouTube's operations and creator management teams of the job cuts via an internal memo. Their positions were reportedly being eliminated "to trim costs and bureaucracy as it embraces artificial intelligence (AI)." The teams provide support for YouTube content creators.

YouTube Chief Business Officer (CBO) Mary Ellen Coe, the author of the internal memo, wrote that Google has decided to eliminate ...

America is squandering wealth and eliminating capacity to create new wealth, says Tom Renz

September 12, 2023 -

"So, what's happening now is we're squandering the wealth that our forefathers had built for us. And at the same time, we're eliminating the capacity to create new wealth. So, this is really a disaster. And because we're not producing anything of value here, no other country needs us," said lawyer Thomas "Tom" Renz said during a recent episode of his "Another Renz Rant" podcast.

Renz pointed out that every economy is based on certain premises, and it starts and ends ...

Corporate America experiencing BANKRUPTCY BOOM as recession looms

May 25, 2023 -

The increase in bankruptcy reports is most visible among some of the country's largest corporations, 236 of which filed for bankruptcy in the first four months of the year – more than double the number of similarly-sized companies that made the same filing in 2022, according to market research firm S&P Global Market Intelligence.

Large recognizable companies with hundreds or even thousands of workers have filed for bankruptcy protection in recent weeks. These include retail ...

Credit card and auto debt DELINQUENCIES are SOARING, especially among younger Americans

February 15, 2024 -

The Household Credit Report from the New York Fed's Center for Microeconomic Data found that aggregate household debt balances rose by $212 billion, a 1.2 percent rise from the previous quarter.

Credit card debt rose by $50 billion to a record-high of $1.13 trillion. Auto loan balances rose by $12 billion to $1.61 trillion, continuing the upward trajectory that began in the second quarter of 2020. (Related: Swelling DEBT crisis creating financial "death spiral" in America, ...

Rasmussen poll: 45% of Americans financially WORSE OFF under Biden compared to a year ago

January 11, 2024 -

The survey that was conducted just after the Christmas season polled 1,102 participants. It revealed that 45 percent feel financially strained compared to a year ago, while only 23 percent believe they are better off. Moreover, 29 percent of respondents feel their financial situation has remained the same over the past year despite the Biden administration's efforts to get the public on board the benefits of its economic policies.

The Rasmussen poll also highlighted ...

The writing is on the wall: Even Obama thinks Biden could LOSE in 2024

December 20, 2023 -

The Wall Street Journal first reported on the matter, citing an insider familiar with Obama's thinking. According to the source, the former president knows that the election "is going to be a close race" and "feels that Democrats very well could lose." The insider also said that Obama expressed worry that "the alternative is pretty dangerous for democracy."

A recent Reuters/Ipsos poll found that Trump has a two-point lead against Biden, 38 percent to 36 percent. The ...