Prepare Your Family for a Long Drawn Out Struggle With the Elitist That Are in Power, This Is Just Another Effort to Yoke the American People, COVID-19 Is Nothing More Than a Plandemic and the American People Are Being Misled…
The US economic recovery is stalling, and economic growth is beginning to reverse.
Last week, initial jobless claims broke a 15-week streak of lower claims, as new concerns the labor recovery has hit a snag.
JPMorgan Chase recently said, “Chase card spending suggests recovery has stalled” and “data through July 18, our tracker of spending by a panel of 30 million Chase credit and debit cardholders are little changed since late June, suggesting that the rapid economic rebound was seen in May and early June has lost momentum.”
Readers may recall the economy is facing fiscal cliffs which could cause consumption to crash, with four particular areas of focus:
- expiration of extended unemployment insurance,
- the fading support from stimulus checks,
- exhaustion of PPP
- stress from state and local aid gov’ts.
Besides a fiscal cliff, at least ten million Americans saw rent moratoriums expire last Friday. This means landlords can now file eviction paperwork for tenants who haven’t paid rent for 30 days, and or, as we’ve noted, some folks haven’t paid in months. While it’s customary renters get 30 days notice, an eviction wave could be ahead.
Goldman Sach’s latest recovery tracker shows 80% of the US population are in regions where the recovery has paused or reversed, due to a rise in coronavirus cases and deaths.
The Trump administration was out on Sunday morning, making their pump rounds on mainstream media outlets, indicating a “V-shaped” recovery is ahead, and more direct deposits are coming for consumers.
This all suggests stabilization in the economy thanks to trillions of dollars in fiscal and monetary injections are quickly wearing off, as it now appears there will be no V-shaped recovery. Take a look at the economic surprise index, it’s ready to move lower.
Searching for clues about a reversing recovery and crisis reemerging, Twitter handle “Alastair Williamson” posted a video of what appears to be a Baltimore food bank line at the Maryland State Fairgrounds.
Williamson said, “behind the scenes: a “massive food bank line” is what one official told me.”
behind the scenes: a “massive food bank line” is what one official told me
Food Prices Surge in Biggest Jump Since 1974, Brought to You by Your Elected Officials Manipulating the Future Through the Coronavirus
Your elected officials have a God complex, if they cared about you they would not be trying to Manipulate your future, fire them…
Food prices across the United States have skyrocketed due to the effects of the CCP virus as consumer stockpiling, panic buying, and supply chain difficulties combined to produce the “largest monthly increase since February 1974,” according to a report from the U.S. Bureau of Labor Statistics (BLS).
The Director of Food Policy at the Consumer Federation of America, Thomas Gremillion, told The Epoch Times that according to recent studies, more Americans than ever before are now forced to rely on food banks to feed their families. “This price rise will particularly affect low-income Americans, who were already struggling to put food on the table,” said Gremillion.
His sentiments were echoed by the Food Safety and Nutrition Fellow at the National Consumers League, Nailah John. “The most affected are the impoverished and the 22 million unemployed Americans due to Covid-19,” she told The Epoch Times. “In addition, rising food prices make it difficult for households with little or no income to provide for themselves and their families.”
Meat, Fish, and Eggs Rise Most
According to figures from the BLS, the food index increased by 1.5 percent in April, which followed a 0.3 percent rise in March. However, the grocery-based ‘food at home’ index increased by a substantial 2.6 percent, with each of the six major supermarket groups recording increases of at least 1.5 percent for April.
The price increases were not uniform, however, with massive increases for specific foodstuffs. According to the BLS, “The index for meats, poultry, fish, and eggs increased the most, rising 4.3 percent as the index for eggs increased 16.1 percent. The index for cereals and bakery products rose 2.9 percent in April, its largest monthly increase ever.” Indexes for both dairy products and fruit and vegetables also increased by a considerable 1.5 percent.
The price index for nonalcoholic beverages increased by 2.9 percent for April—which the BLS confirmed was its fourth consecutive increase. Prices for ‘food away from home’ increased by a more modest 0.1 percent, which followed an increase of 0.2 percent in March. BLS-Labor Statistics✔@BLS_gov
Food Prices Could Remain Unstable
John believes that food prices are likely to increase further. “This trend of increase in prices will continue due to the many new and rapidly changing factors during Covid-19, which can influence meat, poultry, eggs, dairy prices over the rest of the year,” she said. “There is a greater demand for these products in grocery stores with many limiting the amount to two for each customer.” John believes that the worst of the increases may be over, however. “According to the USDA, there is an expected increase of between 0.5 to 1.5 percent for the rest of the year.”
Gremillion believes that food price stability going forward will depend on a number of factors. The most important of these, he told The Epoch Times, is “Whether large food processors can adapt their facilities and personnel practices to protect their workers from infection, which has led to the closure of plants across the country over the past two months.” Gremillion also believes that food companies have to be more flexible in adjusting their operations away from restaurants and foodservice operators and to redirect more food to grocery stores. Sec. Sonny Perdue✔@SecretarySonny
I want to thank the patriotic and heroic meatpacking facility workers who are returning to work this week so the millions of Americans who depend on them for food security can continue to do so: https://www.usda.gov/media/press-releases/2020/05/08/americas-meatpacking-facilities-practicing-safe-reopening-ensure …America’s Meatpacking Facilities Practicing Safe Reopening to Ensure a Stable Food Supply(Washington, D.C., May 8, 2020) – U.S. Secretary of Agriculture Sonny Perdue today applauded the safe reopening of critical infrastructure meatpacking facilities across the United States.usda.gov164Twitter Ads info and privacy106 people are talking about this
Gremillion said that exports have also impacted food prices in the United States, as some foreign customers had placed additional orders during the CCP virus crisis. “As meat and poultry processing capacity has declined,” he said, “exports of these products to China and other countries has soared. That has led at least one large processor to pledge to sell more of its product to domestic buyers.”
Meanwhile, with virus lockdowns hitting the supply side we have had reports of Indonesian provinces facing food shortages in staples such as rice, sugar, corn, chili, eggs and shallots. (I can personally report there are no eggs and almost no butter where I reside for now, and have not been for weeks.) Now we see headlines about potential meat shortages, even in the US, due to shutdowns of virus-struck meat processing plants in the States, Brazil, and Canada, who together account for around 65% of world production. There have even been claims that “The food supply chain is breaking.” In response US President Trump invoked the Defence Production Act to force meat-processing plants to stay open – but can you force worried, or sick, workers to turn up to their shift? Unions are also opposed to the decision.
(As a related side-bar, with global animal protein supplies perhaps under threat Australia is calling China’s bluff over its recent “economic coercion” of a potential boycott Aussie beef, among other things, should a public inquiry into the Coronavirus pandemic take place. The Chinese ambassador to Australia has since tried to imply that when he said there could be a consumer boycott if that happens he was not saying the government would make one happen, merely that it might spontaneously occur. China is of course a famously spontaneous kind of place like that.)
From a financial, not agri-commodity, markets perspective this kind of unexpected virus ripple is arguably not compatible with a sustained USD sell-off based on assumptions the war against the virus is close to being over. Rather, it underlines that only the first stage of the first battle is over – at best. Here are a few more very depressing snapshots to make the same point:
- In the UK, British Airways is about to lay off 12,000 staff, or one in four of its total;
- A report from the US Economic Policy Institute argues ‘real’ initial claims in the last six weeks could be north of a cumulative 50m rather than the 30m we will probably see on tomorrow;
- We already saw a published-and-retracted estimate that China has a 20% unemployment rate;
- More than a million Canadians lost their jobs in March according to Statistics Canada;
- South Africa is expected to see a million lose their jobs ahead too according to modeling by a business group; and
- In India, the founder of an online jobs portal states that job losses and pay cuts ahead are likely to make 2008 look like a “minor hiccup”.
There is beef! And there is only gristle for those suggesting inflation is about to get out of control even if we get food supply shocks – at least according to 10-year Treasuries, which are little changed around 0.61% (and that despite a bounce in oil from ridiculously to just incredibly low).
They perverted justice among themselves (v. 7): “You turn judgment to wormwood, that is, you make your administrations of justice bitter and nauseous, and highly displeasing both to God and man.’’ That fruit has become a weed, a weed in the garden; as nothing is more venerable, nothing more valuable, than justice duly administered, so nothing is more hurtful, nothing more abominable, than designedly doing wrong under color and pretense of doing right. Corruptio optimi est pessima —The best, when corrupted, becomes the worst.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven and Half Years of Hell on Earth Which Began January 1, 2020
“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…
While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
For those of you who care, Google and your favorite social media platforms have misled you, and now we all pay a heavy price for trusting the ungodly, Google and company knew exactly what they were doing, removing our history while preparing you to accept the New World Order playbook, Enjoy
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation
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