All that matters is your personal financial health, not what all the silly surveys say. My wife and I are retired and in the lower 1/3 income level. We are not suffering any of the epic "dirty dozen" stress points and we are by no means rich. We pay rent, have food costs, insurance costs, credit card debt, medical costs, car maintenance (two cars), Internet, no cable and no car loans.
It is not the end of the world. If you pray hard enough maybe Trump and the Fed fairy Godfathers will save you. I know, many of the financial messes that I found myself in during my 47 years of working in labor situations (not in the office) were of my own making. If I had half of the money I wasted on non-essentials, pie-in-the-sky frivolities and over-marketed scams, I'd be sitting on a nice pile of dough.
In my entire work life, I never made more than $20/hour. So I don't own a big old house or have a basement and garage full of junk...I don't really care.
Agree. My husband and I are retired. Our son bought us a small house and three acres with a small creek last year. We have 20 full grown pecan trees, an apple tree, peach tree and plum tree. No bills except utility and insurance. We also are not stressed and plan on starting a garden and we even have a chicken coop.
Beyond the typical US Consumer facing financial hardship is the reality the Federal Reserve became insolvent in September of 2022.
It has not been reported by MSM that the Federal Reserve experienced significant financial challenges beginning in September 2022, leading to a situation where it reported negative net income and accumulated deferred assets. The Federal Reserve's deferred asset represents the accumulated negative net income that the Fed has not yet remitted to the Treasury. The situation is further complicated by the Fed's unrealized losses on its bond holdings. By the end of 2022, the fair value of the System Open Market Account (SOMA) portfolio was $7,349 billion, significantly lower than the book value of $8,429 billion, resulting in unrealized losses of $1.080 Trillion.
The machinations of the fallen world system, a matrix-like simulation / simulacrum of sorts in which we find ourselves are pernicious & toxic in their intention and purpose --- one that is singular and antithetical to human flourishing / survival.
We are only beginning to suspect what has unfortunately long been the intended and purposefully orchestrated fate of humankind -- to be corrupted, misled, enslaved, even terminated in order to serve the whims of those seeking its dominion & rule.
The dark spirit animating those who are captive and subservient to it and to the realization of its objective(s) have become open, arrogant and in their masterful deceit and cloaked malevolence, unrelenting and unambiguous (except to those who are completely entrained to its mysteries & enchanting allure) in their direct & shameless pursuit of their respective tasks in the roles presently assigned them -- a coordinated, multifaceted coup of proportions beyond most people's imagining or beliefs will allow them to conceive -- a devotion, a conviction and a dedication that has been inspired and nurtured, groomed & transfected into their very natures, indistinguishable from psychopathy and unswerving dedication of a resolve that seems unstoppable and unassailable.
But our hope is not in this shadowy, convoluted and twisted enterprise or its many tentacles and subtle distractions -- it is in the LORD Jesus Christ who gave all so that we might inherit "all things", eternal life, a righteousness and glory that is not our own, but given to us by Him, and a resilience and destiny - a sure hope & immutable promise that despite the sufferings, hardships and dissonance we experience in this life (and specifically, this phase of tyranny openly being escalated and promoted) cannot diminish or compromise.
The actors presently featured in the main illusion that serve as a distraction and a source of fear, intimidation and uncertainty, that rattle their sabres and threaten and take actions or pronounce great changes as though by divine command that are uncivilized and anti-human may, for a time, enjoy the sensations of power and the comforts of a world system that supports and animates them, but will certainly discover that their misapprehensions and misguided passions have been spent instead on their own demise (because they are without hope and married to the world system that is passing away before our eyes).
We must refocus our energies & attentions on Him who is able to do all things and has included us in his eternal kingdom -- an unalterable and irrevocable certainty upon which we can stand when
everything around us is chaotic and without reason or rhyme.
Whatever the official indications & prognostications, we can open our hearts and minds to the ONE who is able to give comfort and confidence to those who are in distress and be solaced.
Maybe, becoming a plumber was the smartest choice of my life. I couldn't tell you that I am feeling a pinch. Except for maybe inflation. But that's why I save with gold.
How does the US government define "default" on student loans? Some who have loans are not paying because they are part of a lawsuit, and their loan creditors have placed them in "forbearance" until September 2026. These are largely people seeking student loan forgiveness due to their work in the public sector, which, when they signed an agreement, meant, for example, teaching in high needs areas in public schools or working at high-needs public hospitals as health-care providers. Even though some are not currently making payments due to the lawsuit over Biden's EO, those who signed up for that version of loan forgiveness, even if they reverted to their original plan before T took office, are unable to make payments because they have been placed in forbearance, and they are unable to make payments even if they are placing their payments in escrow in order to repay their debt once the lawsuit has been decided. These folks are not delinquents or losers or stealers. They would be paying their loans but their student loan entities, who are contractors with the federal government, placed them in forbearance. If the loan entities had not placed them in forbearance, they would be paying. Someone needs to investigate this and report on it. Lots of Gen X, Millennials, and Gen Z are impacted by this, I guest the charitable word is, misunderstanding.
The US has been in a recession for years now and secondly this 2% target set by the unconstitutional Federal Reserve, which is nothing more than a cabal or money and economic manipulators, this 2% is simply a made up number to ensure the skimming from the American tax payers is secured.
The common citizen is simply being raped of prosperity from out of control or you could say controlling “government” entities that are not being governed or abolished entirely by WE the people of this nation.
We simply keep taking it to our ultimate societal demise. It does not end well and it’s going to end colossally one day and everyone will wonder what just happened….
The article points out results of private equity and less choice. PE buys companies saddles them with debt while extracting all the money…investigate Red Lobster going bankrupt….common story. Less choice is a result of PE buying into a vertical and then going horizontal from that vertical…you end up with 4 meat producers in the US - natural result will be higher cost and lower quality.
I have heard reports that President Trump might fire Jerome Powell of the Federal Reserve. . That would be awesome if that happens. The Federal Reserve should never have been created in the first place.
Unfortunately, much of the financial stress afflicting many is self-caused. When inflation started becoming unmanageable during the O'Biden regime, people spent as if the extra cost was not a problem. When one spends more than they have budgeted (some people actually have a budget) or more than they earn, economic difficulty is inevitable. When you abuse that plastic card to make up for insufficient cash at hand (or in the bank account) people are begging to be abused with the card's high interest. Even if the federal enslavement (government) can't or won't live within its budget doesn't mean that individuals should do the same. With the possibility or probability of a recession (some claim we are already in one) being widely publicized, people should spend according to their means, not their wants. As with just about everything in life, the responsibility for one's action, or inaction, belongs to them.
Find most of these polls odd. I patronize several auction houses throughout the US & folks bid like crazy-prices realized are higher than often found at retail...there's a disconnect somewhere.
All that matters is your personal financial health, not what all the silly surveys say. My wife and I are retired and in the lower 1/3 income level. We are not suffering any of the epic "dirty dozen" stress points and we are by no means rich. We pay rent, have food costs, insurance costs, credit card debt, medical costs, car maintenance (two cars), Internet, no cable and no car loans.
It is not the end of the world. If you pray hard enough maybe Trump and the Fed fairy Godfathers will save you. I know, many of the financial messes that I found myself in during my 47 years of working in labor situations (not in the office) were of my own making. If I had half of the money I wasted on non-essentials, pie-in-the-sky frivolities and over-marketed scams, I'd be sitting on a nice pile of dough.
In my entire work life, I never made more than $20/hour. So I don't own a big old house or have a basement and garage full of junk...I don't really care.
Agree. My husband and I are retired. Our son bought us a small house and three acres with a small creek last year. We have 20 full grown pecan trees, an apple tree, peach tree and plum tree. No bills except utility and insurance. We also are not stressed and plan on starting a garden and we even have a chicken coop.
Beyond the typical US Consumer facing financial hardship is the reality the Federal Reserve became insolvent in September of 2022.
It has not been reported by MSM that the Federal Reserve experienced significant financial challenges beginning in September 2022, leading to a situation where it reported negative net income and accumulated deferred assets. The Federal Reserve's deferred asset represents the accumulated negative net income that the Fed has not yet remitted to the Treasury. The situation is further complicated by the Fed's unrealized losses on its bond holdings. By the end of 2022, the fair value of the System Open Market Account (SOMA) portfolio was $7,349 billion, significantly lower than the book value of $8,429 billion, resulting in unrealized losses of $1.080 Trillion.
This is a link to a ChatGPT conversation I instigated about the Fed and is a deep-dive into the real economic crisis facing We the People of the United States: https://chatgpt.com/canvas/shared/67d02d946328819192024a3be0d9d40e
I'm so old, I remember when "talking down the economy" was traitorous. Now, it's all the media does. I wonder what changed from four years ago.
The machinations of the fallen world system, a matrix-like simulation / simulacrum of sorts in which we find ourselves are pernicious & toxic in their intention and purpose --- one that is singular and antithetical to human flourishing / survival.
We are only beginning to suspect what has unfortunately long been the intended and purposefully orchestrated fate of humankind -- to be corrupted, misled, enslaved, even terminated in order to serve the whims of those seeking its dominion & rule.
The dark spirit animating those who are captive and subservient to it and to the realization of its objective(s) have become open, arrogant and in their masterful deceit and cloaked malevolence, unrelenting and unambiguous (except to those who are completely entrained to its mysteries & enchanting allure) in their direct & shameless pursuit of their respective tasks in the roles presently assigned them -- a coordinated, multifaceted coup of proportions beyond most people's imagining or beliefs will allow them to conceive -- a devotion, a conviction and a dedication that has been inspired and nurtured, groomed & transfected into their very natures, indistinguishable from psychopathy and unswerving dedication of a resolve that seems unstoppable and unassailable.
But our hope is not in this shadowy, convoluted and twisted enterprise or its many tentacles and subtle distractions -- it is in the LORD Jesus Christ who gave all so that we might inherit "all things", eternal life, a righteousness and glory that is not our own, but given to us by Him, and a resilience and destiny - a sure hope & immutable promise that despite the sufferings, hardships and dissonance we experience in this life (and specifically, this phase of tyranny openly being escalated and promoted) cannot diminish or compromise.
The actors presently featured in the main illusion that serve as a distraction and a source of fear, intimidation and uncertainty, that rattle their sabres and threaten and take actions or pronounce great changes as though by divine command that are uncivilized and anti-human may, for a time, enjoy the sensations of power and the comforts of a world system that supports and animates them, but will certainly discover that their misapprehensions and misguided passions have been spent instead on their own demise (because they are without hope and married to the world system that is passing away before our eyes).
We must refocus our energies & attentions on Him who is able to do all things and has included us in his eternal kingdom -- an unalterable and irrevocable certainty upon which we can stand when
everything around us is chaotic and without reason or rhyme.
Whatever the official indications & prognostications, we can open our hearts and minds to the ONE who is able to give comfort and confidence to those who are in distress and be solaced.
Amen
and amen.
We aren’t actually consumers, we’re people.
Maybe, becoming a plumber was the smartest choice of my life. I couldn't tell you that I am feeling a pinch. Except for maybe inflation. But that's why I save with gold.
How does the US government define "default" on student loans? Some who have loans are not paying because they are part of a lawsuit, and their loan creditors have placed them in "forbearance" until September 2026. These are largely people seeking student loan forgiveness due to their work in the public sector, which, when they signed an agreement, meant, for example, teaching in high needs areas in public schools or working at high-needs public hospitals as health-care providers. Even though some are not currently making payments due to the lawsuit over Biden's EO, those who signed up for that version of loan forgiveness, even if they reverted to their original plan before T took office, are unable to make payments because they have been placed in forbearance, and they are unable to make payments even if they are placing their payments in escrow in order to repay their debt once the lawsuit has been decided. These folks are not delinquents or losers or stealers. They would be paying their loans but their student loan entities, who are contractors with the federal government, placed them in forbearance. If the loan entities had not placed them in forbearance, they would be paying. Someone needs to investigate this and report on it. Lots of Gen X, Millennials, and Gen Z are impacted by this, I guest the charitable word is, misunderstanding.
it will be the Grapes of Wrath v2.0
The US has been in a recession for years now and secondly this 2% target set by the unconstitutional Federal Reserve, which is nothing more than a cabal or money and economic manipulators, this 2% is simply a made up number to ensure the skimming from the American tax payers is secured.
The common citizen is simply being raped of prosperity from out of control or you could say controlling “government” entities that are not being governed or abolished entirely by WE the people of this nation.
We simply keep taking it to our ultimate societal demise. It does not end well and it’s going to end colossally one day and everyone will wonder what just happened….
The article points out results of private equity and less choice. PE buys companies saddles them with debt while extracting all the money…investigate Red Lobster going bankrupt….common story. Less choice is a result of PE buying into a vertical and then going horizontal from that vertical…you end up with 4 meat producers in the US - natural result will be higher cost and lower quality.
I have heard reports that President Trump might fire Jerome Powell of the Federal Reserve. . That would be awesome if that happens. The Federal Reserve should never have been created in the first place.
Unfortunately, much of the financial stress afflicting many is self-caused. When inflation started becoming unmanageable during the O'Biden regime, people spent as if the extra cost was not a problem. When one spends more than they have budgeted (some people actually have a budget) or more than they earn, economic difficulty is inevitable. When you abuse that plastic card to make up for insufficient cash at hand (or in the bank account) people are begging to be abused with the card's high interest. Even if the federal enslavement (government) can't or won't live within its budget doesn't mean that individuals should do the same. With the possibility or probability of a recession (some claim we are already in one) being widely publicized, people should spend according to their means, not their wants. As with just about everything in life, the responsibility for one's action, or inaction, belongs to them.
Find most of these polls odd. I patronize several auction houses throughout the US & folks bid like crazy-prices realized are higher than often found at retail...there's a disconnect somewhere.