Ripped From The Headlines - November 15, 2022
Catch Julianna & RC with Ann Vandersteel on The Zelenko Report TONIGHT at 9pm ET: https://rumble.com/v1uq7ew-the-uniparty-declares-war-on-america-episode-74-w-michele-swinick-and-frien.html
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“Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says”
“Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported Tuesday.
Total debt jumped by $351 billion for the July-to-September period, the largest nominal quarterly increase since 2007, bringing the collective household IOU in the U.S. to a fresh record $16.5 trillion. That’s an increase of 2.2% from the previous quarter and 8.3% from a year ago.
The increase follows a $310 billion jump in the second quarter and represents a $1.27 trillion annual increase.”
“Jeff Bezos’ top tips for managing the economic downturn”
“Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession.
The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with CNN’s Chloe Melas on Saturday at Bezos’ Washington, DC, home.
Bezos urged people to put off expenditures for big-ticket items such as new cars, televisions and appliances, noting that delaying big purchases is the surest way to keep some ‘dry powder’ in the event of a prolonged economic downturn. 'Meanwhile, small businesses may want to avoid making large capital expenditures or acquisitions during this uncertain time,’” Bezos added.
“Shady Crypto Cash Fueled Their Campaigns. Will They Keep It?”
“Even before the spectacular collapse of the major cryptocurrency trading platform FTX last week, Republicans and Democrats were going to be in an awkward position regulating the industry, given the tens of millions of dollars many lawmakers took from FTX’s CEO, Sam Bankman-Fried, and his top lieutenant Ryan Salame.
But after FTX folded—and with Bankman-Fried put “under supervision” by authorities in the Bahamas for potential fraud charges—lawmakers are in an even more uncomfortable position as they face a dreaded question in politics: Will you give the money back?”
Real Stories, Ripped From The Headlines - Things To Ponder:
Everything is fine!
Just kidding…
Household debt is spiking… because people can’t afford to live due to inflation and terrible government leadership…
Top area you ask?
Credit card debt.
When things get to Whimpy levels, it ain’t good.
How about Jeff Bezos?
So… super rich guy who’s managed to get you to buy lots of stuff you don’t need and already has your money… and has you hooked on spending more… tells you to “tighten your belt.”
Are we taking bets on “Amazon Essentials for Living” being a winner in the economic downturn?
If you missed any of the #FTX news, you can catch our founders, Julianna Ormond & RC Williams on The Carl Jackson Show, and The Zelenko Report with Ann Vandersteel talking all about it.
Interesting, though, how many politicians took the Notorious SBF’s cash…
Including Republican House Rep John Boozman (R-AR), who just happens to be sponsoring bi-partisan legislation that SBF supported to give the CFTC oversight of crypto.
Nothing to see here, just move along.
Or not. You really shouldn’t actually. You should be making lots of noise and pointing this out.
What Does This Mean?
The rough road isn’t ahead anymore…
It’s here now.
The world you know, with many of its conveniences, is going to change.
This means real pain. What do you think happens when the supplies run out?
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?
Get moving on your preparations.
NOW.
If you can get to Costco or Restaurant Depot or Gordon or any equivalent…
Do it ASAP and get prepared.
YOUR FUTURE DEPENDS ON IT.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
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