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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Tom Woods – What the Lizard People Mean by ‘Democracy’

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(LewRockwell.Com) If there’s one thing — other than the Covid shots, that is — that we’re lectured about 24 hours a day, it’s “democracy.”
Oh, our elites can’t get themselves enough democracy!
They are deeply concerned about following the will of the people, you understand.
But as I mentioned last week, the Progressive Era in the United States was not so much about “democracy” as it was transitioning toward so-called expert direction of society, albeit with a veneer of democracy. What mattered to the Progressives was that they themselves were ultimately in charge.
This is how their modern counterparts can say, in all seriousness, that they’re “saving democracy” even when they’re sabotaging officials who won democratic elections. In case it sounds like they’re contradicting themselves, they’re really not. They are democracy. They and their colleagues and cronies and so-called experts are democracy, and the stupid rubes who won’t just bend the knee to them and do as they say are the enemies of democracy.
Have a future in mind that doesn’t involve crippling energy prices, eating bugs, having your kids brainwashed, and watching central banks siphon away your wealth? Why, you may be a danger to “democracy,” citizen…Read the rest
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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…
Read the rest
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Fed Admits It CAN’T Tame Inflation, Promises More Economic Pain Anyway

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(Activist Post) Federal Reserve chairman Jerome Powell is talking tough and warning of more interest-rate pain to come. At the same time, Fed officials are now admitting that their sized-up rate hikes won’t even be sufficient to tame the price inflation they have helped create.
That’s because fiscal policy under the Joe Biden administration has gone off the rails.
Over the weekend, the Federal Reserve Bank of Kansas City released to the public a white paper titled “Inflation as a Fiscal Limit” for purposes of shifting more blame to elected officials.
The paper states that this year’s inflation spike “could not have been averted by simply tightening monetary policy. The conquest of post-pandemic inflation requires mutually consistent monetary and fiscal policies to avoid stagflation.”
In other words, the Biden administration’s expansionary fiscal policy is working at cross-purposes with the Fed’s attempts to tighten monetary policy. The consequence will be economic stagflation…Read the rest
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SHTF: It’s Happening Now

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The SHTF Is Happening RIGHT NOW

(Daisy Luther, Activist Post) We’ve posted articles before on this website about the slow-burning SHTF that we’re witnessing here and here. Years ago, in 2016, I wrote about the economic crisis like this:
The bottom line is, income will remain the same, decrease, or even disappear entirely for many of us. Meanwhile, the price of darn near everything will go up. Expect to pay more for things like keeping your utilities on, feeding and clothing your family, and keeping a roof over your heads.
Aside from that, those dollars you are carefully saving? They are only providing you with the illusion of security. The economic collapse will hit nearly everyone, and they’ll feel like they did something wrong with their finances. It will be hard to see that the flaw is not with their money management but the management of the country itself.
I wish I’d been wrong.
Here are some of the situations people are finding themselves in right now. Do any of them look familiar? Do all of them look like your current experiences? Be aware that if it hasn’t happened to you yet, that doesn’t mean it won’t. Don’t be smug …Read the rest
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