According to Financial expert George Gammon, the Federal Reserve is on the brink of bankruptcy. Federal Reserve Money Problems Financial expert George Gammon says that the Federal Reserve has been “selling assets at a loss, and this, combined with increasing interest rates, will only make matters worse.” He also warns that an accounting gimmick called deferred assets makes it seem like the Fed isn’t insolvent, … Continue reading Federal Reserve On Brink of Bankruptcy?
A recent report showed that 63% of Americans live paycheck to paycheck. According to a monthly LendingClub report and poll, Americans are stretched thin, and about 63% are living paycheck to paycheck, which is up from 60% the previous month and near the 64% historic high hit in March. As rising prices continue to weigh on households, more families feel stretched too thin. The poll spoke with … Continue reading 63 Percent of Americans Live Paycheck to Paycheck
Recipients of Social Security may receive the biggest cost-of-living adjustment (COLA) in 40 years causing check recipients to receive a nice “raise” next year. The Social Security “Raise” On Tuesday, the Senior Citizens League, a group that lobbies for seniors, released inflation figures for August, noting the diminishing buying power of retired Americans. American’s inflation is at an 8.3% annual rate as of August 2022. … Continue reading Social Security Checks are About to Get Fatter
If Biden’s Inflation Reduction Act passes the House experts say it would increase inflation, not reduce inflation. Inflation Reduction Act Kamala Harris was the tie breaker in this weekend’s 51-50 Senate vote to pass the Inflation Reduction Act, a $739,000,000,000 (billion) package aimed to address energy, taxes and health care, according to Democrat leaders. Senate majority leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) … Continue reading Warning: 230 Economists Say New Inflation Reduction Act Will Create More Inflation!