Natural and Government-Created Disasters

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Ron Paul: Americans Suffer From Natural and Government-Created Disasters

(NOQ Report) Last week Congress passed a continuing resolution and then adjourned until after the election. When Congress reconvenes, it will almost certainly pass a multi-billion dollars aid package for those impacted by Hurricane Ian. This spending will likely be labeled “emergency,” so Congress members will not even have to pretend they are offsetting the new spending with cuts in other, lower priority programs.
The failure of Congress to offset spending on disaster relief with cuts in other programs is one reason why I always voted against disaster aid when I was in Congress, even when the spending was for disasters that occurred in my district. Of course, I also opposed these bills because disaster relief is unconstitutional and immoral as are all other income redistribution programs.
When I voted against disaster relief, my office would receive angry calls from constituents. However, within several months many of those constituents would call back to say that after dealing with the Federal Emergency Management Agency (FEMA) they realized that disaster victims would be better off without federal “help.”
Federally managed disaster relief is neither efficient…Read the rest
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$46 Trillion Up In Smoke

46 Trillion Dollars In Financial Wealth Has Already Been Lost During The Great Global Market Crash Of 2022
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(Economic Collapse) In less than one year, 46 trillion dollars in financial wealth has been wiped out. If that isn’t a “crash”, how would you define one? Since last November, stocks and bonds have been plunging all over the globe. When there is a good day like we saw on Monday, sometimes that can fool us into thinking that everything is going to be okay. But in order to understand what is really going on we need to step back and look at the bigger picture. And when we look at the bigger picture, it becomes exceedingly clear that we are in the midst of a historic worldwide market crash. According to Bank of America, a whopping 46.1 trillion dollars in financial wealth has already been wiped out since last November…
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Thanks joe. Our Salaries Face Shrink-flation Too!


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Over 70% of workers say inflation is outpacing their salary: survey
Minorities reported feeling the largest impact on their financial wellness as inflation hit record highs.

(Just the News) Seventy-one percent of American workers say the cost of living is outpacing their salary, according to a new Bank of America survey.
The survey was published Tuesday in the commercial bank’s annual Workplace Benefits Report, which also found that 48% of respondents are concerned about not being able to make ends meet amid high inflation.
The new findings follow the bank’s report in February that showed roughly 58% of respondents were concerned about the cost of living outpacing their wages.
The survey was conducted July 5-July 19 among 478 full-time employees with a 401(k) plan.
Minorities appear to have been hardest by inflation, according to the bank’s reports…Read the rest
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Thanks joe, Majority Fear Another Great Depression Coming


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Biden Rocked by Eye-Opening Prediction – The Economy Is So Rocky, American Majority Fears a Great Depression

(Patriot Journal) The liberal media continues to push Biden’s claim that the economy is doing great. They were even willing to accept his new definition of “recession,” despite years of established fact.
But all that propaganda has not convinced voters. Inflation still rages as gas prices go back up.
From Rasmussen Reports:

The latest Rasmussen Reports national telephone and online survey finds that 57% of American Adults believe it’s likely that, over the next few years, the United States will enter a 1930s-like Depression, including 21% who think a depression is Very Likely…

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The $11,500 Tax You’ll Pay this year that no one in DC is talking about

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Report: Inflation Will Cost Average American Family $11,500 This Year

(Information Liberation) "Americans are set to pay an extra $11,500 this year if they want to enjoy the same standard of living they maintained in 2020, according to new estimates from NerdWallet," The Epoch Times reports.
From The Epoch Times:
The estimates, published in August, were based on inflation and annual spending data from the U.S. Bureau of Labor Statistics (BLS). Analysts at the personal finance company looked at how spending would compare this year to 2020, when the COVID-19 pandemic began.
Analysts said 2020 was the "last full year when inflation was relatively stable." In that year, the U.S. inflation rate was 1.23 percent.
As of August, inflation in the United States stands at 8.3 percent, according to BLS data…
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