What Is "Hate Spending?" Ripped From The Headlines, April 22, 2024
Americans On A "Hate Spending" Binge, The Big Lie: Govt. Unemployment Numbers, Are You An "ALICE?" Read, Share, & Subscribe - SherlocExposes.com
Get the new e-book from Ripped From The Headlines publishers RC Williams & Julianna Ormond, entitled “Empowered 2 ACT: Maintaining The Pillars Of Patriotism.”
In the rapidly evolving landscape of the 21st century where the currents of change often erode the bedrock of our societal values, the call for patriotic activism rings out with renewed urgency.
"Empowered 2 ACT: Maintaining The Pillars of Patriotism," is not merely a response to this call—it is a clarion call of its own, a manifesto for those who stand on the front lines in defense of liberty, tradition, and the enduring principles that constitute the foundation of our society.
Click Here to read the full article.
“We've all been there: staring down the price of a plane ticket, a new shirt, or a bag of chips and thinking angrily to ourselves, "Jesus Christ, this did not use to cost this much." And then … we buy it anyway.
Inflation has made a lot of things infuriatingly expensive, and consumer confidence isn't great. The economy is good on paper, but in the real world, a lot of people feel like they're trapped in place. Yet many of those same people continue to spend their way through it.
In short, America has become a nation of hate spenders.
‘There is how consumers feel and what they're doing,’ Lydia Boussour, a senior economist at EY, said. ‘Consumers are not feeling great about inflation, but what the data is telling you is that even if they're not feeling great, they're still able to continue to spend.’
That leaves the question: Why are we willing to spend through the pain? According to experts I talked to, the surge in hate spending can be attributed to various factors. For one thing, a lot of people still have the financial stability necessary to open their wallets. On a psychological level, many consumers are just throwing up their hands at the state of financial affairs. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up.”
THINGS TO PONDER:
Well, we’re not crazy after all…
It’s not that we have a “blazing hot economy that’s great,” it’s actually so bad that people have decided that “YOLO” (You Only Live Once) is an acceptable response…
“Who cares about the bills… or anything else… it won’t matter anyway when everything crashes… GIVE ME THAT TV AND OVERPRICED MEAL!”
This is really, really scary…
When you combine it with the fact that a new swath of baby boomers are starting to retire with nowhere near enough money in the bank, it’s a perfect storm for a nation that looks worse than the great depression of 1929…
Back then, families were largely self-sufficient.
What’s going to happen when the bubble finally pops?
That’s the right question.
BRACE FOR IMPACT.
Having a storable and stable food source is a must these days…
But getting good quality beef could get more difficult in the very near future.
Are you ready?
Our friends at Prepper Beef want you to be... and you'll get 15% off by using the promo code "cleancows" at checkout. Click below to grab yours now.
Click Here to read the full article.
“Calling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of the Labor Department.
That’s because most of the past several weeks have shown that first-time claims for unemployment benefits haven’t fluctuated at all — as in zero.
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000. Given a labor force that is 168 million strong, achieving such stasis seems at least unusual if not uncanny, yet that is what the figures released each Thursday morning since mid-March have shown.
The consistency has raised a few eyebrows on Wall Street. The only week that varied was March 30, with 222,000.
‘How is this statistically possible? Five of the last six weeks, the exact same number,’ market veteran Jim Bianco, head of Bianco Research, posted Thursday on X.
‘Initial claims for unemployment insurance are state programs, with 50 state rules, hundreds of offices, and 50 websites to file. Weather, seasonality, holidays, and economic vibrations drive the number of people filing claims from week to week,’ he added. ‘Yet this measure is so stable that it does not vary by even 1,000 applications a week.’
THINGS TO PONDER:
As regular Ripped From The Headlines readers already know, the government numbers for inflation (CPI) and unemployment are just made up…
Kind of like the value of the stock market, but that’s a conversation for another time…
As we shared in the first article today, while you’re being told “the economy is RED HOT!” it’s actually not just imploding… it’s now resorted to full-blown cannibalism.
Every time you hear “everything’s fine…” it’s a reminder that you need to make sure you’re ready for when they can’t hold up the facade any longer.
Know Your Foe.
Did you realize that even something like a solar flare can knock out your electronics? Or kill your car?
Yes, you could be partying like it’s 1859 in the snap of a finger…Yikes.
Best to be protected right? But what to do?
Our friends at EMP Shield have it figured out. These guys are brilliant. They have EMP Shields for your car, home, and generator.
And it costs way less than you think.
Check them out today - click the link and save $50 on us.
Click Here to read the full article.
“Imagine making just enough money at your job that you don't qualify for food stamps or disability payments, but not enough to afford rent and healthcare. That would make you an ALICE.
ALICEs — or Asset Limited, Income Constrained, Employed — is a term coined by United Way's United For ALICE program to describe Americans who work and make more than the Federal Poverty Level for a family of four of $31,200, or $15,060 for an individual, but who struggle to pay for basic needs.
Many ALICEs are workers whose wages typically aren't enough to cover their bills, meaning they live paycheck to paycheck. Some are forced to sacrifice rent payments for food or childcare for medical appointments.
About 29% of US households are ALICE, while 13% are below the Federal Poverty Level, according to United For ALICE's calculations using data from the Census Bureau's American Community Survey and United Way's estimates for how much a family needs to get by.
But the share of ALICEs has been rising across the country over the last decade or so, with pandemic boom states like Montana and Idaho seeing big jumps. That comes as many Americans' earnings increased but may not have kept pace with skyrocketing inflation and housing prices.
THINGS TO PONDER:
Apologies that you have another acronym to remember…
It’s super relevant though, and it shows further proof of how rough things actually are.
The logic is simple: when earnings don’t keep up with pricing increases, things can only end one way: implosion.
We have a perfect storm of issues brewing… the best way to brace yourself for impact is to think about practical living and locking in pricing on critical items while looking for opportunities to invest in things that people are going to need.
Prepare Now.
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.
Share this email with everyone you know. Sign up for a free or paid subscription. Paid members will receive our in-depth solutions.
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.
Have a tip on a story, case, or issue that needs to be covered? Email us: info@investinanswers.com.