Ripped From The Headlines, December 19, 2022
American Dream Being Killed by Inflation, Big Tech Looks To Stop Regulation, Why a Global Recession is inevitable. Read, Share, Subscribe - Sherloc Exposes
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“The highest interest rates in 15 years are delaying home dreams, putting business plans on ice and forcing many Americans to agree to loan terms that would have been unimaginable just nine months ago.
Most of all, the surge in borrowing costs is punishing the cash-poor. And it’s about to get worse as the Federal Reserve carries on with its anti-inflation campaign and keeps hiking rates next year.
‘Consumers who weren’t able to make ends meet are just digging themselves a deeper and deeper hole with the higher interest rates,’ said Philip Cornell, economist at the Ludwig Institute for Shared Economic Prosperity, which focuses on research about middle- and lower-income families.”
“Supporters of tougher tech regulation are making a final push to eke out a few wins before Congress adjourns—and big technology companies are responding with a fresh advertising blitz.
Tech companies have built a perfect record so far in blocking major legislation in Congress that could impede their business interests, with the help of prodigious spending on Beltway lobbying and grass-roots politicking.
The Federal Trade Commission, Labor Department and other agencies are also taking aim at big tech companies, and major bills in Congress to establish online privacy protections, impose legal liability on social media for their content and toughen antitrust rules remain on the table. But the odds of this legislation passing are diminishing quickly, advocates on both sides say.
‘These are some of the most powerful companies the world has ever known, and they are spending hundreds of millions of dollars to prevent any common-sense reform,’ said Sen. Amy Klobuchar (D., Minn.). She said allowing the companies to dominate policy debates in Washington ‘is no longer a viable option.’
Sen. Marsha Blackburn (R., Tenn.) also complained of the tech companies’ heavy spending to fight regulations she has pushed.”
“The editors of the Collins English Dictionary have declared “permacrisis” to be their word of the year for 2022. Defined as an “an extended period of instability and insecurity”, it is an ugly portmanteau that accurately encapsulates today’s world as 2023 dawns.
Vladimir Putin’s invasion of Ukraine has led to the biggest land war in Europe since 1945, the most serious risk of nuclear escalation since the Cuban missile crisis and the most far-reaching sanctions regime since the 1930s.
Soaring food and energy costs have fueled the highest rates of inflation since the 1980s in many countries and the biggest macroeconomic challenge in the modern era of central banking.
Assumptions that have held for decades—that borders should be inviolable, nuclear weapons won’t be used, inflation will be low and the lights in rich countries will stay on—have all been simultaneously shaken.”
A “Not So Merry” Monday, Ripped From The Headlines. Things To Ponder:
(EDITOR’S NOTE: Words in orange are clickable and linked to additional information.)
Inflation Murders American Dream, “Film at 11”…
We thought it would be good to fix that headline from Bloomberg…
It’s hurting everyone… AND IT’S COMPLETELY MANUFACTURED with the poor always take in on the chin the worst during these downturns, especially with inflation.
Why? Inflation is a sneaky tax… and it gets people who really can’t afford to go into more debt… to go into more debt…
That they can’t afford.
But it’s either - be homeless and hungry, or just do it.
2023 is not going to be pretty. Please get prepared.
Big Tech’s gonna “Big Tech”…
You’re not surprised, though, are you?
The Big Tech giants have us like crack heads in a room full of crack…
The “convenience” gets you hooked… then you’ll do whatever it takes…
Including letting them get away with stuff. And now, they basically own the people who make the rules…
Which means no real rules for them AND the bankroll to keep it that way.
Ouch.
When The Economist Has To Say It…
Yeah… the Economist is basically another communication tool for world elite players where they communicate what’s coming down the line for the serfs (that’s you!)
When they just come out and say that you’re screwed… guess what?
YOU ARE SCREWED.
It’s actually worth signing up for free to read that entire article. Click here to do that.
What does this mean?
Things going back to normal is next to impossible at this point.
Sometimes, you just have to say it.
In a call with someone who invests in companies, we had this conversation... Having never talked with this person before, they came to the same exact conclusion we did when we posed the question about what will happen with the economy.
This won’t be like before, when one sector of the economy tanked…
What happens when nearly all sectors of the economy tank?
Nothing good.
Why should I care?
These headlines alone should answer that for you, but just remember you’re not immune from this - doesn’t matter how much you have, where you live, or anything else.
You should REALLY care.
What Should I Do?
This is worth sharing again, so we will today:
Be a beacon… sound the alarm.
Time is short…
Share this newsletter… heck, take from it and do your own. We give you permission…
Take the time to learn about Parallel Economies, and find alternatives to the things you use today… food, money, transportation.
It sounds like doom & gloom… but, it’s not bad practice in a high tech world to have practical skills and methods… just in case.
GET MOVING ASAP.
Also, please share what you get from this newsletter.
It’s OK if you don’t understand it all.
Tell them to ask us.
Your future, and theirs, depends on it.
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