We’re enduring a stagflationary crisis – there’s no way around it.
It doesn’t matter how much oil Joe Biden dumps on the market from the Strategic Reserves.
It doesn’t matter how many jobs he is able to temporarily buy with $8 trillion-plus deficit spending.
It doesn’t matter how many times the mainstream media claims we are “in a recovery” or claim to see the “green shoots” of a “soft landing.”
In reality, most Americans are struggling to afford necessities – increasingly, they’re simply unable to participate in essential markets. The longer this goes on, the deeper the hole and the harder it will be for people to climb out.
For most people, it feels like they wake up one morning at the bottom of a pit, barely able to see the sun, wondering what happened. Everything was going just fine yesterday – how’d we end up here?
For those who pay attention, we can watch the pit get deeper, a shovelful at a time…
Granted, we have seen worse conditions in the U.S. in the past. Both the Great Depression and the stagflation crisis of the 1970s were truly severe.
The people who think conditions are bad now haven’t seen anything yet (interest rates eventually climbed to 20% in the early 1980s). That said, there is a growing potential for today’s crisis to become the biggest financial crisis in our nation’s history – given a little more time, and just a little more digging.
Part of this ongoing problem is the heavy inflation in housing prices, and make no mistake, this is one of the biggest threats facing middle-class America right now.
Let’s describe the problem, then solve it.
Hellbound and Down 