BIDENOMICS - TRICKLE UP ECONOMICS - LOOMING RECESSION, OR REALLY THE BIDEN DEPRESSION?

 VIDEOS:

Stocks to CRASH 50% by End of 2022 (Warren Buffet's Secret Indicator)

https://www.youtube.com/watch?v=N2NcF0Ru1CI

It's Worse Than We Thought as 20 Million Americans are About to Get Shutoff

https://www.youtube.com/watch?v=DJsk18Lkaxw

15 Reasons Why The United States Is Going To Hell In A Handbasket

https://www.youtube.com/watch?v=GFLpYXYhBdM

The United States is going to hell in a handbasket, and today we brought you 15 facts that prove so. Most people out there still don't realize that we're being controlled by a system led by people who are not interested in preserving our constitutional rights, our personal freedom, or our self-reliance. They want us divided, angry at each other, financially dependent, and constantly scared so they can rule us more easily. That's why our country is facing such a steep moral, economic, financial, and political decline. We used to be a nation that promoted morality and the belief in God. But today, we're a country where the most perverse and ungodly acts are seen as "normal". Depravity is not only accepted but promoted and glorified. To make things worse, those who are brave enough to speak up against this growing immorality are accused of inciting hatred. Consequently, those who defend honorable values are being increasingly silenced while degenerates continue to infiltrate our society. Right now, everywhere we look we and our children get instantly bombarded with obscene images in books, magazines, movies, music, and TV. This constant flow of promiscuity has corrupted the minds of the American people and continues to expose younger generations to perversion and depravity. A Harris poll conducted with thousands of American adults found that more and more Americans described themselves as "not very religious," and according to a Daily Mail report, titled: "Americans starting to lose faith: Belief in God and miracles declines as Darwinism becomes more popular.” Today, more people believe in the theory of evolution than in the word of God. For decades, we have been abandoning the religious principles that this nation was built on. Those beliefs have held us together and made us strong. But now, it appears that we're banning God from our country and our lives. Social issues are being constantly inflamed by operatives of the federal government to keep our population tense, divided, and on edge. The mainstream media uses these problems to keep everyone occupied pointing fingers and fighting with each other. In that way, we don't see what's really going on in our country, our economy, and our freedom. As Creekmore brilliantly noted, "they want to keep us divided so that they can better lie to and control us." Another important aspect considered by the writer is that our society used to be filled with individuals that practiced self-reliance and personal responsibility, but times have surely changed. Today, millions of people are extremely dependent on the system and Government programs not only exclude those who are self-reliant, but frequently trap individuals and families into long-term dependence, leaving them incapable of escaping their condition for generations to come. The truth is that no political party, government agency, or philanthropic corporation is actually making any real effort to avoid the total collapse of our democracy. In this video, we revisit an analysis published by the writer and long-time prepper, M.D. Creekmore, and we also compile a series of reasons why things are going terribly wrong in America. For more info, find us on: https://www.epiceconomist.com/ And visit: http://theeconomiccollapseblog.com/

Data: Climbing Rent Prices Hitting American Middle Class Hardest

Drew Angerer/Getty Images

AMY FURR

23 Aug 20220

2:43

The cost for rent is skyrocketing, putting more pressure on Americans, recent data from the Bank of America Institute showed.

Fox Business reported Tuesday:

Median rent payments for Bank of America customers surged 7.4% in July from the previous year, up from 7.2% in June, according to a new report from the Charlotte-based bank. Although skyrocketing rents are squeezing Americans across the income spectrum, middle-income and younger workers are feeling the biggest pinch.

…

Rising rents are a concerning development because higher housing costs most directly and acutely affect household budgets. Roughly 34% of households are renters, according to Census Bureau data, but that figure is even larger for lower- and middle-income families. More than half — roughly 52.6% — of households with family income that is below the national median of $31,133 are renters.

The institute said, “Significant increase in rent prices can have meaningful impact on household financial situations, particularly for middle and lower income households,” according to its report dated August 18.

Per the institute, every income group was suffering under rising rent with the percentage year over year in median rent the largest for those with annual incomes between $51,000 and $150,000.

Meanwhile, inflation and crime emerged as the main worries going into the midterms, a Rasmussen Reports survey found this week.

“There is a consensus across the board, as most Democrats, Republicans, and independents identify inflation as a concern,” according to Breitbart News.

In addition, Americans were slammed with higher food prices last month despite President Joe Biden’s White House claiming inflation ran at zero throughout that time.

As if that was not enough, inflation also bore down on parents raising children, per the Brookings Institution.

The left-wing institution’s analysis showed it could cost over $300,000 to raise a child in the current economic climate “which works out to an average of $18,271 per year to raise a child born after 2015,” according to Breitbart News.

“As Breitbart News has documented, inflation has increased significantly under President Joe Biden since the start of his presidency. The result of this has meant a higher cost of living for American families due to rising expenses in gas, food, and housing, among other items,” the report said.

 THEY CAN ALWAYS FIND MONEY FOR THEIR ILLEGALS!

Report: NYC May Spend $300M Housing Border Crossers in Luxury Hotel Rooms

YUKI IWAMURA/AFP via Getty Images/Google

JOHN BINDER

23 Aug 20220

2:23

A plan by New York City officials to house thousands of border crossers, most arriving on buses sent by Texas Gov. Greg Abbott (R), in about 6,000 luxury hotel rooms may cost taxpayers more than $300 million.

For weeks, Abbott has sent buses filled with border crossers to New York City — the nation’s largest sanctuary city that shields and protects illegal aliens from arrest and deportation by the Immigration and Customs Enforcement (ICE) agency.

As the city’s homeless shelter system fills up, officials are looking to house thousands of arriving border crossers in about 6,000 luxury hotel rooms at the Row NYC on 8th Avenue as well as the Skyline Hotel on 10th Avenue.

The cost, according to the New York Post, may exceed $300 million.

“… providing the 5,800 hotel rooms could add an unexpected $312.6 million in new spending to the city budget — and that’s before tallying other costs, like providing food and medical care,” the Post reports.

Already, the city’s homeless shelters are being pushed to the brink, as about 4,000 border crossers currently reside in the system. Analysis by the New York Times reveals that if the pace of arriving border crossers continues, the city’s family homeless shelter population “would nearly double, to almost 60,000, up from the current 31,000” over the next year.

Some of the biggest beneficiaries of mass immigration are real estate investors.

Immigration-driven population growth, set to bring the U.S. population to more than 400 million residents by 2060, is likely to send housing prices even higher — especially in New York City’s high-priced neighborhoods where rents have skyrocketed.

A 2017 study, published in the Journal of Housing Economics, found that “increases in immigration into a metropolitan statistical area are linked with rising rents and home prices in that metropolitan statistical area and neighboring metropolitan statistical areas.”

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.