The Great American Squeeze: 69 million households are now canceling vacations, driving less and cutting grocery bills as inflation hits home, pollsters reveal

The share of Americans who say inflation is causing them financial hardship has risen from 49 percent in January to 56 percent, with rising prices forcing 69 million households to make cutbacks, a survey revealed on Wednesday. The Gallup survey found that ever-more wealthy and middle-class families were feeling the pinch from inflation, forcing them to... Continue Reading →

C.E.O. in Europe Sounds the Alarm: Heading into Banking Crisis, Collapse of Industry, Households, Economy — “weeks away”

Tuomas Malinen is the Chief Executive Officer (CEO) of GnS Economics in Helsinki, Finland. Today, Wednesday, September 7, 2022, he is publicly saying that Europe is heading into a total collapse of business, and its currency, within weeks. According to its website, GnS Economics is an independent, Helsinki-based macroeconomic consultancy specialized in forecasting and analyzing the... Continue Reading →

WEATHER WARS: China faces a serious water catastrophe that will cause GLOBAL shortages of food, industrial materials and consumer goods

Multi-year drought conditions in much of China have reportedly forced the country to the brink of collapse. Should the expected water catastrophe unfold, China’s grain and electricity production will fail. This would also result in global shortages of food, industrial materials, consumer goods and more – and on a much greater scale than the current post-plandemic supply... Continue Reading →

5 Days before the Financial Collapse

Here is the scenario. “Government agencies are having difficulty making their payments. State governments are issuing vouchers to pay their bills. US Social Security is late in issuing its payments to retirees and the disabled. Many banks are issuing warnings about liquidity. The prices of food are escalating by the hour. Instead of talking about the... Continue Reading →

Here’s what happens if Greece is forced out of the euro

http://www.businessinsider.com/grexit-if-greece-leaves-the-euro-2015-2 Rampant inflation, political unrest, debt defaults and a possible "contagion" within Europe's financial sector — that's what Greece's new government might trigger if it does not get its way in its negotiations with the rest of Europe's finance ministers right now. Greece is taking a hard line, saying it won't compromise, so it's worth asking,... Continue Reading →

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