Friday, June 17, 2022

BIDENOMICS - CRONY BANKSTERS LINE UP FOR BOTTOMLESS BAILOUTS - Bank of America Slashes U.S. Growth Forecasts for 2022 and 2023: ‘Weak or Worse

 

Recent surveys have exposed that well over 50% of the population is living paycheck to paycheck and that most Americans don't have emergency savings or a financial cushion to fall back on

VIDEO

JOE BIDEN'S MASSIVE DESTRUCTION OF AMERICA'S ECONOMY AND BORDER

America's Economy WILL Collapse... Here's WHY 



CRONY CAPITALISM AND THEIR CRONY KLEPTOCRACY

THE DEMOCRAT PARTY OF BRIBES SUCKERS.. destroying America as fast as they destroyed America’s borders.

 

https://mexicanoccupation.blogspot.com/2022/04/the-democrat-party-of-corruption-and.html

 

American Corporate Community and its major players — BlackRock (JOE BIDEN’S BIGGEST BRIBSTER), Goldman Sachs, Bridgewater, Google, Microsoft, Intel, Twitter, and Musk — and, of course, Gates — that draws them to a plutocracy that would never hesitate to betray America for a financial advantage or an opportunity to be a part of a global powerhouse oligarchy complicit with and colluding with malefactor government tyrannies. (avarice, cupidity, and rapaciousness) JOHN DALE DUNN

“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ----                                                             Karen McQuillan  

What the HELL Happened to Los Angeles, California???




Bank of America Slashes U.S. Growth Forecasts for 2022 and 2023: ‘Weak or Worse’

US President Joe Biden speaks to reporters before boarding Marine One from the South Lawn of the White House in Washington, DC on June 17, 2022. - The Bidens are spending the weekend in Rehoboth Beach, Delaware. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
Photo by MANDEL NGAN/AFP via Getty Images
4:03

Bank of America economists slashed their forecasts for U.S. growth for this year and next to reflect ongoing inflation, Fed tightening, lockdowns in China, and the Russia-Ukraine war.

In a report Friday, the bank’s economists said they now expect the economy to grow 2.3 percent this year and 1.4 percent next year, down from the forecast of four percent this year and 2.2 percent in 2023 that the bank issued in its year-ahead report in November.

“It goes without saying that it has been a wild ride since our year-ahead piece last November. Russia has invaded Ukraine, causing a commodity and confidence shock, China has continued to struggle with its new economic policy regime and zero-COVID strategy, and most important, inflation has proved to be an even bigger problem than we had expected,” Bank of America economist Ethan Harris said in a note to clients on Friday.

The bank sees inflation for the full-year at eight percent, as measured by the Consumer Price Index, a big jump up from the 4.2 percent it expected in November. Next year’s CPI is expected to rise 3.8 percent, up from 2.6 previously expected.

One of the biggest changes in the outlook is for Federal Reserve policy. The bank had penciled in a 0.9 percent target for the end of this year and a 1.9 percent target for the end of next year. With the Fed already having hiked to a range of 1.5 percent to 1.75 percent, those projections are obviously out-of-date. The bank now expects the target will reach 3.4 percent by the end of the year and 4.1 by the end of 2023.

The bank says there is a 40 percent chance of a recession next year but thinks the risk of a recession this year is small.

“This week, we have cut our growth forecast for this year and next and introduced a very weak projection for 2024,” Harris said. “We expect growth to fade to close to zero by the second half of next year as the lagged impact of tighter financial conditions cools the economy. We expect only a modest rebound in growth in 2024. The risk of a recession is low this year, but we put about a 40% chance of a recession starting next year. So our forecast is for ‘weak or worse.'”

Deer in the Headlights

The bank praised the Fed’s recent move to raise its target by 75 basis points, saying the central bank is “no longer behind the curve.” But it thinks the Fed remains too optimistic about rate levels in the future that will be needed to tame inflation. In the Fed’s summary of economic projections, the median expectation for interest rates saw them climbing to 3.8 next year and then falling to 3.4 in 2024—with only a mild rise in unemployment and ongoing growth.

That’s unlikely, according to Harris.

“Where we disagree with both the Fed and the markets is the idea that the Fed will be cutting in 2024. That is certainly possible if there is an outright recession. However, our baseline forecast assumes the Fed will be like a deer in the headlights: unsure over whether to react to very weak growth or still high inflation,” Harris said.

Things Might Get Worse

Even though Bank of America expects growth to fall to near zero next year, it thinks the risks are to the downside.

“The main home grown risk is that inflation refuses to converge toward a level that is acceptable to the Fed. We think that threshold is 3%, but perhaps they are serious about getting back to the low twos. In our view, getting there would require that the Fed deliberately trigger a recession,” Harris said.

The global situation remains unstable and could also create new headwinds.

“We can’t rule out additional shocks from the Ukraine invasion, including a renewed spike in energy prices, a widening of the war and the spread of sanctions to supporters of Russia including China,” Harris wrote.

 


Pollster Frank Luntz: ‘We Are 13 Days Away from an Absolute Explosion on Inflation’

1:54

Friday on CNBC’s “Squawk Box,” pollster Frank Luntz issued a stark warning over the upcoming July 4 weekend.

According to Luntz, “we are 13 days away from an absolute explosion on inflation” because people are going to realize just how expensive groceries and gas have become.

“[T]he tragedy is that we’ve tried to explain this to the Biden administration because they are the ones who need to know, and they’ve refused the presentation,” Luntz lamented. “So, on your show, I’m going to tell you what I would have told them if they had only listened. We are 13 days away from an absolute explosion on inflation. There are three holidays, there are three moments when Americans take to the roads, and when Americans buy more food than at any other time of the year: Christmas, Thanksgiving and the Fourth of July weekend. And everyone is going to be filling up their car 13 days from now, and they can’t put $40 or $50 in their tank — they actually have to fill it up, and that’s when the explosion hits.”

“They can’t just buy 80% of what they want,” he continued. “They have to fill those shopping carts for the barbecues and the cookouts. And 13 days from now, the American people are going to come face-to-face with these higher prices and face-to-face with the fact that they can’t afford it. You have to go back to 2009, 13 years ago, to find the time when these economic numbers are as bad as they are today, and the difference is that back then, it affected roughly 60% of the population. Now, with inflation, no matter who you are, no matter where you live, no matter how much you make, you are impacted by it. And that impact will be felt shortly.”

Follow Trent Baker on Twitter @MagnifiTrent


Recession Watch: Manufacturing Output Unexpectedly Declines

US President Joe Biden walks to Marine One on the South Lawn of the White House in Washington, DC, on June 17, 2022. - The Bidens are spending the weekend in Rehoboth Beach, Delaware. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
Photo by MANDEL NGAN/AFP via Getty Images
4:04

American manufacturing output unexpectedly contracted in May, data from the Federal Reserve showed Friday, confirming indications of decline seen in regional Fed reports over the last month.

Manufacturing output declined by 0.1 percent in May, the Fed said in its monthly report on industrial output. Economists had been expected manufacturing output to climb 0.4 percent. Despite the decline, the index is still up 4.8 percent over the past 12 months.

Nondurable good manufacturing rose 0.1 percent, weaker than many analysts expected. Durable goods manufacturing fell 0.2 percent. Excluding cars and trucks, durable goods manufacturing fell 0.4 percent. A category of “other manufacturing,” which includes logging and publishing, fell 0.2 percent.

Manufacturing outside of energy-related businesses fell 0.2 percent while energy-related manufacturing rose 1.4 percent, the latest indication that the energy sector is now a drag on the rest of the economy. Retail sales data for May indicated that while gas station sales were up sharply, sales in many other retail outlets were down.
Consumer goods manufacturing excluding motor vehicles and parts fell 0.3 percent. Business supplies manufacturing was flat for the month. Business equipment manufacturing rose one-tenth of a percentage point and construction supplies rose two-tenths.

Home electronics manufacturing dropped 0.2 percent. Appliance and furniture manufacturing was down 2.5 percent. Food, beverage, and tobacco was down 0.6 percent.

Clothing manufacturing gained one percent and automaking gained 1.1 percent.

The headline figure for industrial production rose 0.2 percent, weaker than the 0.5 percent expected. This was boosted by a 1.3 percent gain in mining output, which includes oil and natural gas drilling. Mining output is up 9 percent over the past year as high prices of oil and natural gas have led to more production, although not enough to keep up with rising demand.

Utilities output rose one percent in May.

Capacity utilization for manufacturing slipped in May to 79.1 percent, 1.0 percentage point above its long-run average. The operating rate for mining was 81.5 percent, which the Fed said is 4.4 percentage points below its long-run average.  Overall industrial capacity utilization edged up to 79.0 percent, 0.5 percentage point below its long-run average and missing expectations for a move up to 79.3 percent.

The surveys of manufacturing from the Federal Reserve banks of New York and Richmond in May indicated that manufacturing was contracting in their region in May. This week the New York Fed said its index remained in contraction territory in June (the Richmond Fed will not report until later this month). The Philadelphia Fed’s reading was positive in mid-May but turned negative in June.

While manufacturing makes up just a small part of the economy, it is considered a bellwether. The unexpected decline in manufacturing in May, and signs that it is broadening in June, are likely to fuel worries that the economy may be closer to a recession than previously thought.

Over half of the American public believe we are already in a recession. The economy contracted in the first quarter and appears to be on the verge of a second consecutive quarterly contraction. While many people consider two consecutive quarters of negative growth a recession, the official designation is the province of an unelected committee of economists at the National Bureau of Economic Research, a private non-profit research outfit almost completely unknown to the public.

VIDEO

20 Signs Of The Staggering Decline Of The American Middle Class Family

 

https://www.youtube.com/watch?v=nHc3TS2JFzU

We just got more evidence that the middle class is being systematically destroyed in America. At this point, millions of people out there have already grown accustomed to barely scraping by from month to month. But that is not what being “middle class” is supposed to be about. Middle-class families should be able to make more money than they have to spend on everyday necessities because is only by doing so that they can build long-term wealth. Unfortunately, income growth has not kept up with the pace of the rising cost of living, and millions of households have taken massive amounts of debt. At the same time, the labor market doesn't offer good-paying jobs that support middle-class life, and the lack of these positions has been contributing to the decline of this income group all across the country. In the early 1970s, the middle class accounted for around 60 percent of the population, but now middle-income households are rapidly becoming a minority in the United States. And as economic conditions continue to deteriorate, millions of hard-working families all over America are being stretched financially like never before. “In America, the middle class can no longer afford retirement. Middle-class Americans face sharp economic inequality, with ownership of financial assets highly concentrated among the wealthy,” explained Tyler Bond, NIRS research manager. “Now that we have a retirement system largely built around the individual ownership of financial assets in 401(k) accounts, middle-class Americans are struggling to accumulate sufficient financial assets during their working years. This means the retirement outlook for many in the middle class is bleak at best.” Since the onset of the health crisis, the U.S. economy has been decaying at an alarming pace. Over the past two years, the middle class has gotten smaller and smaller in this country, and now it seems that another economic downturn is upon us once again. So many families are already living on the edge right now. Recent surveys have exposed that well over 50% of the population is living paycheck to paycheck and that most Americans don't have emergency savings or a financial cushion to fall back on. When you are living on the edge, there is always a danger that you could fall over. Since 2020, we have never seen so many middle-class Americans falling straight into poverty. In other words, unless dramatic changes happen in America, the middle class is going to be absolutely eviscerated in the next decade. We must wake up now. The middle class is dying right before our eyes, and if we want to save it, we must take action now. Today, we compiled a series of new numbers that expose the rapid downfall of the U.S. middle-class.

 

 

 

 

VIDEOS:

It's Too Late To Stop This Now, Get Your House In Order

 

https://www.youtube.com/watch?v=3u7173SPBF8

 

 

 

Japan is on the Brink of Failure as the Yen Continues to Crash

 

https://www.youtube.com/watch?v=z9ohUqmj00g

 

 

 

15 Signs That The Social Decay In America Is Worse Than It Has Ever Been Before

 

https://www.youtube.com/watch?v=yDTdgIJcoD8

 

 

The social fabric of the United States is rapidly deteriorating. Right now, virtually any measure of social welfare is showing us that social decay in America is accelerating at a very shocking pace. Our main institutions are either being dismantled or falling apart. At the same time, civil disorder continues to trigger unprecedented chaos in several parts of our country. Millions of Americans don't have access to proper housing, food, and education, and the gap between the 'haves' and the 'have-nots' has never been wider. The lack of proper education to help Americans thrive and accomplish financial stability is another sign of societal breakdown. Most colleges and universities are failing in one of their most basic missions: to equip students with the tools they need for a career. Millions of students graduate each year totally ill-prepared to earn a living and pay off the debt they’ve accumulated getting their degrees — at least 40% of those who start college don’t finish within six years. Despite these problems, colleges continue to raise tuition and to pay for these ever-increasing costs, students are borrowing more money and taking on more and more debt. And with federal loans accounting for much of the $1.5 trillion in outstanding student loan debt, and more than a million people defaulting on their loans, taxpayers are picking up much of the tab for this broken system while our younger generations remain utterly unprepared for the challenges of adult life. In the world’s wealthiest country, more and more people are living on the streets. Homelessness is a significant indicator of social decay. There are 750,000 Americans who are homeless on any given night, with one in five of them considered chronically homeless. Around 70% of the homeless are individuals, and families with children make up for the remaining 30%. Living without proper access to housing puts many people in very a vulnerable position, oftentimes, their lives are at risk. An examination of 20 US urban areas found that around 13,000 homeless people are victimized by disease, extreme weather, and substance abuse every year. The number of victims shot up by 77% in the five years ending in 2020. Today, the average life expectancy of a homeless person in America is just 50 years. There will be no future for us if we stay on this highly self-destructive path. The choices that we make individually and collectively as a nation are critical for the health of our society. Throughout all human history, great empires have fallen because societies have consistently made the wrong choices. So if we want to prevent the downfall of America, we must start making better choices. But if we are going to change direction, we better start doing it now because time is running out, and it won’t be too long before it is gone completely. Today, we decided to expose some worrying facts about the social breakdown happening all around us.

 

On March 29, 2022, Breitbart News pointed out robberies with a gun were up 44 percent in gun-controlled Los Angeles.

 

LOS ANGELES  -  TOP RAT INFESTED CITY OF AMERICA

Rats, Public Defecation And Open Drug Use: Major Western Cities Are Becoming Uninhabitable Hellholes



Tucker Carlson: Biden has made things a lot worse





Why are people leaving California?





LOS ANGELES  -  TOP RAT INFESTED CITY OF AMERICA

Rats, Public Defecation And Open Drug Use: Major Western Cities Are Becoming Uninhabitable Hellholes

 

https://www.youtube.com/watch?v=ZRYmPLFs4Hs

 

VIDEO OF DEMOCRAT-CONTROLLED SANTUARY CITY:

Lost Angeles: City of Homeless

 

https://www.youtube.com/watch?v=SJt3xuTPRVU

 

Judge Approves L.A. Settlement to Provide 16,000 Beds to Homeless

MARK RALSTON/AFP via Getty Images

JOEL B. POLLAK

16 Jun 20220

2:15

U.S. District Court Judge David O. Carter approved a settlement Wednesday between the City of Los Angeles and a homeless advocacy group, under which the city will provide 16,000 beds or housing units to those living on the streets.

The Associated Press reported:

The city’s settlement with the group LA Alliance for Human Rights commits Los Angeles to spending up to $3 billion to supply 16,000 beds or housing units for homeless people not suffering from mental illness.

Under the agreement, the city would create shelter or housing for 60% of homeless people in the city who do not have a serious mental illness, substance abuse disorder or chronic physical illness.

The city’s actual housing commitment will be based on the 2022 point-in-time count of homeless people, the results of which are expected this summer. Last year’s count was canceled due to the COVID-19 pandemic. As of January 2020, there were more than 66,400 homeless people in Los Angeles County, with 41,000 within LA city limits.

Judge Carter will oversee the agreement, which was approved by the city council in March, for five years. There is an ongoing lawsuit against Los Angeles County, which has not been settled yet.

Last year, Judge Carter issued a sweeping injunction requiring the city and the county to house every single homeless person living on Skid Row, a notorious neighborhood overrun by homeless people. He was overruled on appeal by the U.S. Court of Appeals for the Ninth Circuit.

Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). He is the author of the recent e-book, Neither Free nor Fair: The 2020 U.S. Presidential Election. His recent book, RED NOVEMBER, tells the story of the 2020 Democratic presidential primary from a conservative perspective. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at @joelpollak.

 

“The Democrats had abandoned their working-class base to chase what they pretended was a racial group when what they were actually chasing was the momentum of unlimited migration”.  DANIEL GREENFIELD / FRONT PAGE MAGAZINE 

Study: More than 7-in-10 California Immigrant

Welfare


https://www.breitbart.com/politics/2018/12/04/study-more-than-7-in-10-california-immigrant-households-are-on-welfare/

 

WHAT HAPPENED TO CALIFORNIA? A DEMOCRAT PARTY-CONTROLLED SANCTUARY  LA RAZA/UNIDOus WELFARE STATE AND COLONY OF MEXICO

Adios, Sanctuary La Raza Welfare State of California
A fifth-generation Californian laments his state’s ongoing economic collapse.
By Steve Baldwin
American Spectator
What’s clear is that the producers are leaving the state and the takers are coming in. Many of the takers are illegal aliens, now estimated to number over 2.6 million (BLOG: THE NUMBER IS CLOSER TO 15 MILLION ILLEGALS). The Federation for American Immigration Reform estimates that California spends $22 billion (DATED: NOW ABOUT $35 BILLION YEARLY AND THAT IS ON THE STATE LEVEL ONLY. COUNTIES PAY OUT MORE) on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs. 

Liberals claim they more than make that up with taxes paid, but that’s simply not true. It’s not even close. FAIR estimates illegal aliens in California contribute only $1.21 billion in tax revenue, which means they cost California $20.6 billion, or at least $1,800 per household.
Nonetheless, open border advocates, such as Facebook Chairman Mark Zuckerberg, claim illegal aliens are a net benefit to California with little evidence to support such an assertion. As the Center for Immigration Studies has documented, the vast majority of illegals are poor, uneducated, and with few skills. How does accepting millions of illegal aliens and then granting them access to dozens of welfare programs benefit California’s economy? If illegal aliens were contributing to the economy in any meaningful way, California, with its 2.6 million illegal aliens, would be booming.
Furthermore, the complexion of illegal aliens has changed with far more on welfare and committing crimes than those who entered the country in the 1980s. Heather Mac Donald of the Manhattan Institute has testified before a Congressional committee that in 2004, 95% of all outstanding warrants for murder in Los Angeles were for illegal aliens; in 2000, 23% of all Los Angeles County jail inmates were illegal aliens and that in 1995, 60% of Los Angeles’s largest street gang, the 18th Street gang, were illegal aliens. Granted, those statistics are old, but if you talk to any California law enforcement officer, they will tell you it’s much worse today. The problem is that the Brown administration will not release any statewide data on illegal alien crimes. That would be insensitive. And now that California has declared itself a “sanctuary state,” there is little doubt this sends a message south of the border that will further escalate illegal immigration into the state.

"If the racist "Sensenbrenner Legislation" passes the US Senate, there is no doubt that a massive civil disobedience movement will emerge. Eventually labor union power can merge with the immigrant civil rights and "Immigrant Sanctuary" movements to enable us to either form a new political party or to do heavy duty reforming of the existing Democratic Party. The next and final steps would follow and that is to elect our own governors of all the states within Aztlan." 
Indeed, California goes out of its way to attract illegal aliens. The state has even created government programs that cater exclusively to illegal aliens. For example, the State Department of Motor Vehicles has offices that only process driver licenses for illegal aliens. With over a million illegal aliens now driving in California, the state felt compelled to help them avoid the long lines the rest of us must endure at the DMV. And just recently, the state-funded University of California system announced it will spend $27 million on financial aid for illegal aliens. They’ve even taken out radio spots on stations all along the border, just to make sure other potential illegal border crossers hear about this program. I can’t afford college education for all my four sons, but my taxes will pay for illegals to get a college education.

 Inflation in L.A. Falls ‘Disproportionately on the Working Class’

Kyle Grillot / Bloomberg via Getty

JOEL B. POLLAK

12 Jun 20220

3:34

President Joe Biden came to Los Angeles to take a victory lap Friday, claiming — falsely — that “core inflation” had declined, as the effects of 8.6% inflation fell “disproportionately on the working class” in the L.A. metro area, according to a local economist.

As Breitbart News reported, Biden delivered a speech at the port facility, where a cargo crisis last fall threatened supply chains and raised inflationary pressures. He claimed, wrongly, that inflation is down if gas and food prices are excluded:

“Inflation outside of energy and food, what the economists call core inflation, moderated the last two months,” Biden said. “Not enough, but it moderated, it’s come down and we need it to come down much more quickly.”

But month-to-month core inflation in May was actually at 0.6 percent, the same percentage as it was in April.

Biden blamed Russian President Vladimir Putin for the high rate of inflation.

Despite Biden’s claims, the burden of inflation is one that even traditionally Democratic voters in L.A. cannot ignore. The L.A. Times reported:

The Biden administration has been under pressure to reassure Americans that inflation won’t reel out of control. The most recent numbers seemed to upend that hope, with prices rising for goods across the board, led by sharp jumps in the costs of energy and groceries.

In a metro area as large as Los Angeles with an economy driven by low-wage work, the effects of inflation — especially gas prices — fall disproportionately on the working class, said Leo Feler, a senior economist at the UCLA Anderson Forecast.

Annual inflation in the L.A. metro area, which includes Los Angeles and Orange counties, clocked in at 8% in May. San Diego saw 8.3%, while the Riverside metro area, which includes Riverside and San Bernardino counties, saw a 9.4% inflation rate.

Biden touted the government’s efforts to ease the cargo crisis by threatening to penalize companies that left shipping containers on the docks. However, these were simply replaced by outgoing containers that were not removed for months.

And though Biden promised to move the ports at Los Angeles and Long Beach to 24/7 operations, they could not find enough workers willing to work the overnight shifts. The cargo crunch did ease somewhat, helped by China’s coronavirus lockdowns, which slowed shipping traffic to and from the manufacturing giant. But a new surge is expected soon.

Food Banks Fight To Keep Doors Open Amid Record Inflation, Demand

A child picks up a bag at a New York City food bank in 2021 / Getty ImagesPhilip Caldwell • May 11, 2022 2:30 pm

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Food pantries are struggling to remain open as inflation drives increased demand for food distribution and raises operating costs, the Associated Press reported.

The record inflation seen in recent months has led massive numbers of people across the country to seek out food banks rather than brave sticker shock at the grocery store. Officials at multiple food distribution organizations told the AP they've been swamped by the demand for food.

"In the last few months, with this increase in inflationary pressures, we're seeing 95 percent of our 200 member food banks saying that they have seen either leveling or an increase in need," Claire Babineaux-Fontenot, CEO of Feeding America, a national food bank network, told the AP.

At one church food pantry in Washington state, demand for food rose 40 percent between December and March, Eric Williams, an official with a local food bank supplier, told the AP. Food banks and suppliers are also struggling with the rising cost of food, which is up 9.4 percent from last year, according to the latest Consumer Price Index report. Williams said the price his organization pays per pound of produce has nearly doubled in a year.

Inflation has also forced some food pantry partners of Feeding America either to shut down or provide less food.

"Our network emphasizes access and equity," Babineaux-Fontenot told the AP. "So we are working extra hard to reach people who have the deepest food insecurity rates. Well, how far out can we go when gas prices are high?"

Food pantries are also having to make up for a decrease in donations.

"Compared to last year at this time, we're about 50 percent down in what we have received in the past in federal food donations and then about 20 percent down from food drives in our collection of food at the grocery stores," the executive director of an Ohio food bank network told the AP. "All of that combined is truly having an impact on our budget because we're needing to purchase more food outright." 

 

LA Residents got What They Wanted: Criminals Who Aren’t Afraid

By Michael A. Letts

This is what the people of Los Angeles wanted. They put their police force on a short leash, blaming the overworked officers for the least amount of violence against criminals while at the same time absolving the criminals of responsibility. It has led to increasing numbers of officers leaving the force or retiring early. With fewer officers on the street and those that are being hesitant to act, the criminals are taking advantage of the situation.

The Los Angeles Police Department recently started warning people not to wear expensive jewelry in public, or they might become the target of thieves. Thieves have become so brazen that they smashed in the front window of Luxury Jewels, a Beverly Hills jewelry store, in broad daylight and fled with merchandise estimated to be worth $3 to $5 million dollars.

“We’re in the heart of Beverly Hills. Who thought this would happen in broad daylight?” Owner Peter Sedghi said.

“Over the last year, there has been a marked increase of armed robberies involving victims wearing expensive jewelry while in public. If it is visible, it can be a target,” an LAPD statement said.

The Associated Press also reported about other high-end robberies. “In one case, the armed thieves allegedly stole more than $3,600 worth of jewelry from a man at a mall parking garage. In the other incident, one victim was pistol-whipped and the other had their Rolex and phone stolen at gunpoint during a follow-home robbery,” according to the AP.

 

In the city of Los Angeles alone, robberies are up 18 percent this year compared to the same time in 2021. Robberies with a firearm are up 44 percent in the same time period across the city.

This means that not only is there a greater chance that a victim may be shot, but police responding to the incident are also endangered. Because of the growing exodus of police officers, police departments are working to put new officers on the street faster. This could be a mistake for a couple of reasons. One, officers need to be trained on how to respond properly to a situation. Lack of training is one of the reasons often cited as why police reputations have taken a hit. Two, those new officers need to have it drilled into them to always wear personal protective gear when dealing with the public. Nowadays, they often aren’t because they are being taught to understand the criminal and not trigger them to violence.

In November 2021, detectives from the LAPD’s Robbery-Homicide Division formed a Follow-Home Task Force to investigate crimes where people are targeted by criminals and tailed home or to an isolated area. It focused on areas of the city that were wealthier and had high-end businesses.

“The victims were being targeted based on the high-end jewelry they were wearing or the high-end car they were driving,” police said in a statement when the task force was announced.

Don’t expect it to be enough -- and not because the police aren’t doing their jobs. They are risking their lives to capture criminals, only to have liberal district attorneys and judges release them or give them a soft sentence.

 

When there’s no fear of punishment, you can’t expect the bad behavior to stop.

“You can’t blame the cops. Between the defunding movements, the race hoaxes, and the revolving doors in prosecutors’ offices, what are the police supposed to do? They’re under-staffed, under-funded, under fire, and at constant risk of becoming the corporate media’s hate object of the week. A police department can’t function at 100 percent under those circumstances,” states a Breitbart article by John Nolte.

You also have a problem when people ignore simple rules that will help keep them safe, such as heeding the advice of the police and not wearing expensive jewelry. While some people have paid attention, there are others like Brenda Nolan, a 70-year-old woman who believed she could defend herself against armed robbers because she knows karate. It sounds like she may believe too many of the movies they make in Los Angeles.

Sadly, she and other residents may wind up becoming victims of the criminals believed to be misunderstood and who don’t deserve to be punished.

It is reminiscent of something parents sometimes say about destructive children. It applies to the Democrats in Los Angeles and their soft stance on crime. “They’re the reason we can’t have nice things.”

Michael A. Letts is the CEO and Founder of In-VestUSA, a national grassroots non-profit organization helping hundreds of communities provide thousands of bulletproof vests for their police forces through educational, public relations, sponsorship, and fundraising programs. 

 

 

On March 29, 2022, Breitbart News pointed out robberies with a gun were up 44 percent in gun-controlled Los Angeles.

 

 VIDEO

20 Signs Of The Staggering Decline Of The American Middle Class Family


We just got more evidence that the middle class is being systematically destroyed in America. At this point, millions of people out there have already grown accustomed to barely scraping by from month to month. But that is not what being “middle class” is supposed to be about. Middle-class families should be able to make more money than they have to spend on everyday necessities because is only by doing so that they can build long-term wealth. Unfortunately, income growth has not kept up with the pace of the rising cost of living, and millions of households have taken massive amounts of debt. At the same time, the labor market doesn't offer good-paying jobs that support middle-class life, and the lack of these positions has been contributing to the decline of this income group all across the country. In the early 1970s, the middle class accounted for around 60 percent of the population, but now middle-income households are rapidly becoming a minority in the United States. And as economic conditions continue to deteriorate, millions of hard-working families all over America are being stretched financially like never before. “In America, the middle class can no longer afford retirement. Middle-class Americans face sharp economic inequality, with ownership of financial assets highly concentrated among the wealthy,” explained Tyler Bond, NIRS research manager. “Now that we have a retirement system largely built around the individual ownership of financial assets in 401(k) accounts, middle-class Americans are struggling to accumulate sufficient financial assets during their working years. This means the retirement outlook for many in the middle class is bleak at best.” Since the onset of the health crisis, the U.S. economy has been decaying at an alarming pace. Over the past two years, the middle class has gotten smaller and smaller in this country, and now it seems that another economic downturn is upon us once again. So many families are already living on the edge right now. Recent surveys have exposed that well over 50% of the population is living paycheck to paycheck and that most Americans don't have emergency savings or a financial cushion to fall back on. When you are living on the edge, there is always a danger that you could fall over. Since 2020, we have never seen so many middle-class Americans falling straight into poverty. In other words, unless dramatic changes happen in America, the middle class is going to be absolutely eviscerated in the next decade. We must wake up now. The middle class is dying right before our eyes, and if we want to save it, we must take action now. Today, we compiled a series of new numbers that expose the rapid downfall of the U.S. middle-class.

 

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