Stagflation is here

Footsteps

Well-Known Member
Target lost 25 percent of it value today. Netflix lost 75 percent of its value today as the DOW lost over 1,000 points. You know things are going bad when ordinary products like Campbell’s Soup get hurt. I think this is the start of a recession. What a surprise that under this exemplary President something would go wrong! MY VAPORS! MY VAPORS!!
Economists noted that people are starting to do as I feared - use charge cards more because they are cash strapped.
The administration is working hard on its White House Press Briefing for tomorrow. Let me make a guess: “Putin’s stock market crash is a direct result of Putin’s Price Hikes. We are working with the Fed to lower the prices that originally would have resulted from Trump’s failed Mega MAGA policies had not Big Tech and Dominion Voting Machines safeguarded our election. The former administration resisted borrowing trillions of dollars to initiate the Global Green Agenda, which would have given everyone on Earth the opportunity to own a reasonably priced electric car equipped with devices that would allow your government to know where you are at all times for your safety. Domestic extremists have contributed to a lack of morale and trust that your government is here to help
you. A major factor of the present economic turndown is the recent decision by the Supreme Court which has forced working mothers nationwide to take to the streets and defend our democracy. This is proven by Walmart’s recent cashier shortages - 12 of 13 checkout lanes are closed because dedicated cashiers have been given protest leave.
Next question.”
 

Tall Timbers

Imperfect but forgiven
I received a card in the mail last week. It included an offer to up the limit if I called their number. Nah. I have used nothing but debit for the last several years. Have enough medical debt from all those hospital days last October. Don't need more debt.

Smart. If a person has no food because they have no money it would be better to get in a food pantry line than to run up charge card debt.
 

NewWine2020

Well-Known Member
I received a card in the mail last week. It included an offer to up the limit if I called their number. Nah. I have used nothing but debit for the last several years. Have enough medical debt from all those hospital days last October. Don't need more debt.

Consumer debt is literally a slave collar. It removes options and crushes the very breath and desire to live.

I know, I’ve been there, in debt equivalent to more than a years salary at one time.

It took years of deprivation and sacrifice to undo the damage but I have been delivered from debt and now strive to live only w/in my means though it’s meant a drastically reduced “standard of living” that I don’t really miss anymore.

If I weren’t a Christian I would mail these offers back to the companies blank with a picture of my middle finger Included. :)
 

Footsteps

Well-Known Member
I am doing my part. I have sent everyone on this site a pre-declined credit card. Any attempt to use it will alert store security to drag you into the parking lot while loudspeakers encourage customers to follow you to your car, shouting obscenities and blaming you for the collapse of the economy.
 

Footsteps

Well-Known Member
How long before this “whole thing “ goes belly up?
My opinion - it’s already belly up. Occasional stock market “peaks” are only
an indication of the major collapse that’s coming.
The Fed is useless - and too far behind in raising rates to stop the disaster.
Our dear leader cannot admit that massive Federal borrowing is increasing inflation.
It’s very telling when an aggressive entrepreneur like Musk is going to get rid of ten percent of his employees, and admits that it is too soon to cram his own electric cars down our throat.
And now an agency of our bloated, incompetent civil service has severely damaged the continual flow of needed baby formula due to slow-walking its response to a whistleblower complaint. This attack on the health of children is particularly revealing as it pertains to Satanic influence in our disasters. Abortion, drug use, gender fluidity, child trafficking, substituting CRT for biblical teaching, and now an attack on the production of irreplaceable formula that is far from over, and will lead to hospitalizations. Satan always targets children with special wrath.
We‘re already belly up with no end in sight.
 

UntilTheWholeWorldHears

Well-Known Member
My opinion - it’s already belly up. Occasional stock market “peaks” are only
an indication of the major collapse that’s coming.
The Fed is useless - and too far behind in raising rates to stop the disaster.
Our dear leader cannot admit that massive Federal borrowing is increasing inflation.
It’s very telling when an aggressive entrepreneur like Musk is going to get rid of ten percent of his employees, and admits that it is too soon to cram his own electric cars down our throat.
And now an agency of our bloated, incompetent civil service has severely damaged the continual flow of needed baby formula due to slow-walking its response to a whistleblower complaint. This attack on the health of children is particularly revealing as it pertains to Satanic influence in our disasters. Abortion, drug use, gender fluidity, child trafficking, substituting CRT for biblical teaching, and now an attack on the production of irreplaceable formula that is far from over, and will lead to hospitalizations. Satan always targets children with special wrath.
We‘re already belly up with no end in sight.
Just imagine how “belly up” this world will be when millions around the world are missing.
 

UntilTheWholeWorldHears

Well-Known Member
I don't know, but :praying in November it is an honest election and The demoncrats are taken out of the House and Senate. God knows how all this will play out, and if the demoncrats somehow stay in both the House and the Senate my :pray er is we go :rapture home before the bad news.
I don't see this getting any better. Just the opposite.
If we're in the end ( I believe we are) things will only get worse.
 

Footsteps

Well-Known Member
The continuing crime, inflation, flow of aliens over our border, release of criminals, murders, and total dishonesty of our President have managed to drain me of most of the hope I had for a reversal of fortune after the November election. Biden will still be President and will continue to drag us down. If he and others are impeached or investigated, it would consume time needed to revitalize the oil industry, control crime, rebuild our cities, and keep violent criminals in jail. Fentanyl is everywhere thanks to Joe’s passivity to drug cartels. We have sunk too far to see the top of the hole the Biden crime family has dug. We have allies who have sunk into various forms of socialism and don‘t seem to know how to take their countries back.
I have to agree with TimeWarpWife. Think about newsreels you have seen of events in the Great Depression. Remember the bread lines and soup lines? Everyone stood in line patiently. I wonder how the dopers, thugs, and gang members will act? Imagine the New York Subway without the train.
 

TimeWarpWife

Well-Known Member
Out of curiosity, I looked up the average cost of a gallon of gas at the height of the Great Depression, which was around 1933, and it was .18 a gallon ~ today's equivalent of $4.10 a gallon. The average cost of a gallon of gas in the U. S. on May 30, 2022 was $4.72 a gallon. This only confirms my belief that we are headed for something worse than a recession. This and the Demonrats publicly saying they're not going to do anything to try and stop what's coming.
 

Tall Timbers

Imperfect but forgiven
I am doing my part. I have sent everyone on this site a pre-declined credit card. Any attempt to use it will alert store security to drag you into the parking lot while loudspeakers encourage customers to follow you to your car, shouting obscenities and blaming you for the collapse of the economy.

That must explain why we're recently received a bunch of "you're pre-approved to apply for our credit card" notices.
 

Rocky R.

Well-Known Member
Out of curiosity, I looked up the average cost of a gallon of gas at the height of the Great Depression, which was around 1933, and it was .18 a gallon ~ today's equivalent of $4.10 a gallon. The average cost of a gallon of gas in the U. S. on May 30, 2022 was $4.72 a gallon. This only confirms my belief that we are headed for something worse than a recession. This and the Demonrats publicly saying they're not going to do anything to try and stop what's coming.
Yep. The Democrats aren't interested in fixing problems, but creating crisis after crisis so they can help usher in the Great Reset and Antichrist kingdom.
 

soundingthealarm

Fleethewrath2come
In order for globalism to invoke a one world currency, they have crash national currencies

just as they are targeting the demise of our currency they targeting our soverignty-freedom.

Its a great sign post as it pertains to how near we are to the end of the age but its hard for our carnal side to witness the demise of places we’ve called home via intentional evil and deceit.
 
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