America Faces No Greater Threat Than Joe Biden and the Democrat Party. Their Assault to Our Borders Is As Great As Their Assault to Free Speech and Free Elections
Monday, March 20, 2023
BIDENOMICS - JOE BIDEN DENIES HE DESTROYED THE U.S. ECONOMY AS FAST AS HE DID THE AMERICAN BORDER? MORE LIES? - Dollar Tree Pulls Eggs from Shelves as Prices Soar in Joe Biden’s Economy
Global Central Bankers Are Panicking& Invoke Crisis Era Swap Lines as the Liquidity Crisis
They are desperately trying to plug one leak in the system after another, but what happens if the entire system suddenly comes crashing down all around them? Back on January 4th, I specifically warned that our problems would “greatly accelerate over the next 12 months”, and that is precisely what has happened. We are now in the midst of the most severe banking crisis since 2008, and it could soon get a whole lot worse. We have already witnessed the second and third largest bank failures in the entire history of our nation, and now it is being reported that 186 more banks “are at risk of failure”…
On the heels of Silicon Valley Bank’s collapse earlier this month, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds, a new study has found.
The collapse this month of Silicon Valley Bank and Signature Bank prompted a flood of deposits out of regional lenders and into the nation’s largest banks, including JPMorgan Chase & Co. and Bank of America Corp. Customers spooked by the bank failures were taking refuge in firms seen as too big to fail.
If every bank account in America is suddenly fully guaranteed by the federal government, there will be a giant sucking sound as wealthy individuals pull their money out of European banks where large balances are not fully insured.
The European banking system is already teetering on the brink of collapse. In fact, we just learned that Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.
Our economy runs on mortgages, auto loans, credit cards and debit cards.
If a bank gets into trouble, the flow of credit from that bank is restricted.
And if a bank fails, the flow of credit from that bank completely stops.
If lots of banks start going under in this country, economic activity will shrink substantially and we really will be facing “another great depression”.
Hopefully a way can be found to stabilize the banking system, because economic conditions are certainly bad enough already.
Dollar Tree Pulls Eggs from Shelves as Prices Soar in Joe Biden’s Economy
Dollar Tree has pulled eggs from its shelves as prices skyrocketed approximately 60 percent since the fall, the news coming as people struggle to make ends meet in President Joe Biden’s (D) economy.
“The chain, which is increasingly a go-to grocery destination for cash strapped shoppers, has roughly 8,000 Dollar Tree stores across the United States and Canada. Its spokesperson said it does not anticipate being able to bring eggs back into its stores for sale until later this fall,” Reuters reported Tuesday.
The price for eggs hit an average of $5 a dozen during the first month of this year, and the price hike was due to a global outbreak of the avian flu.
One social media user commenting on the news wrote, “Going to have to rename it 5 dollar tree at this rate.”
“Build back better,” another person commented in what appeared to be a reference to Biden’s so-called plan to “rebuild the middle class.”
Meanwhile, consumer pricing data from the government reportedly said egg prices dropped 6.7 percent last month.
“Our primary price point at Dollar Tree is $1.25. The cost of eggs is currently very high,” the company’s spokesperson, Randy Guiler, told reporters, adding the store will begin selling eggs again when “costs are more in line with historical levels,” per the Washington Examiner.
Joe Biden: ‘Main Driver of Food Prices’ Is Packaged Goods
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The outlet noted the price for eggs may jump again in April due to the Easter holiday.
In February, Breitbart News reported that data showed egg prices rose by 70 percent in January:
With many consumer categories still being hit hard by inflation, new data from the Bureau of Labor Statistics revealed on Tuesday that inflation for eggs had jumped 8.5 percent from December to January and a total of 70.1 percent year over year (since last January).
…
Besides the prices of eggs rising like the rest of food products, CNBC noted that the higher egg prices are largely due to the deadly outbreak of bird flu in the U.S. CNBC further noted that the disease, a highly pathogenic avian influenza, has killed a record number of birds throughout 2022 and has continued into this year — which also coincided with the winter holidays where eggs are in high demand for all the seasonal cooking and baking.
When asked in January if customers were upset over the high cost of eggs, Morton Williams Supermarket Manager Danny Cowan told Inside Edition, “I think they’re concerned.”
The outlet said Eileen’s Special Cheesecake in New York City was also hurting over the issue because eggs are an essential ingredient in its offerings. According to an employee, the business uses thousands of eggs on an average day:
She said there were things they could do to save and cut corners, but they were not going to resort to those options because it would have an affect on their product.
“We did raise our prices a little bit,” she explained. The outlet noted that since 2022, the average cost of a dozen eggs went from $1.47 to $3.60, per the outlet’s January report.
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