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???
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.
Inflation in L.A. Falls ‘Disproportionately on the Working Class’
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.”
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But month-to-month core inflation in May was actually at 0.6 percent, the same percentage as it was in April.
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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
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."
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