Small Business Owners’ Expectations for the Future Fall to New 48-year Low JOHN CARNEY 14 Jun 2022
Small business owners in America are feeling their gloomiest in nearly five decades, a survey released Tuesday morning showed.
The National Federation of Independent Business (NFIB) said its gauge of businesses expecting better business conditions over the next six months fell to the worst reading in the 48-year history of the survey. This measure’s previous all-time high was set in April.
Inflation continues to be a problem for small businesses with 28 percent of owners reporting it is their single most important problem in operating their business. That is below the 32 percent recorded in April, the highest reading since the fourth quarter of 1980.
“Inflation continues to outpace compensation which has reduced real incomes across the nation,” said NFIB Chief Economist Bill Dunkelberg. “Small business owners remain very pessimistic about the second half of the year as supply chain disruptions, inflation, and the labor shortage are not easing.”
The net percent of owners raising average selling prices increased two points to a net 72 percent, back to the highest reading in the 48-year-history of the survey last reached in March. This reading is up 40 percentage points since May of last year.
Consumer prices rose 8.6 percent in May, according to the index released by the Bureau of Labor Statistics last week. That is the highest rate of inflation since 1981.
The NFIB said its broad gauge of Small Business Optimism Index ticked down one basis point in May to 93.1. This was the fourth consecutive month of below average scores for that index.
Fifty-one percent of owners reported job openings that could not be filled, up four points from the April and March readings.
Instead of relief for supply chain problems, these appear to be getting worse. Thirty-nine percent of owners report that supply chain disruptions have had a significant impact on their business, up three points from April. Another 31 percent report a moderate impact and 22 percent report a mild impact. Only eight percent say there has been no impact from the recent supply chain disruptions.
The NFIB Research Center has collected Small Business Economic Trends data with quarterly surveys since the 4th quarter of 1973 and monthly surveys since 1986. Survey respondents are randomly drawn from NFIB’s membership. The report is released on the second Tuesday of each month. This survey was conducted in May 2022.
Wholesale inflation climbs 10.8% in May, hovering near 40-year high Economists expected wholesale inflation to jump 10.9% in May
Wholesale prices accelerated again in May as inflation tightened its stranglehold on the U.S. economy, adding to the financial pressure on millions of Americans.
The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%. Although that was slightly lower than the 10.9% forecast from Refinitiv economists, the reading – near a record-high of 11.5% notched in March – suggests that inflationary pressures in the economy remain strong.
Core inflation at the wholesale level, which excludes the more volatile measurements of food and energy, increased 0.5% for the month, following a 0.6% increase in April. Over the past 12 months, core prices climbed 6.8%.
Overall, prices for goods jumped 1.4% last month, the fifth consecutive rise and the biggest contributor to the headline inflation figure. That included a 5% gain for energy costs and an 8.4% leap for gasoline prices. The services index, meanwhile, advanced 0.4% in May, with increases in transportation and warehousing services accounting for more than half of the gain.
The surge in wholesale prices comes on the heels of a separate Labor Department report released last week that showed the consumer price index rose 8.6% in May from a year ago, faster than expected. It marks the fastest pace of inflation since December 1981.
Rampant inflation has become a major political liability for President Biden ahead of the November midterm elections, in which Democrats are expected to lose their already razor-thin majorities. Surveys show that Americans see inflation as the biggest problem facing the country – and that many households blame Biden for the price spike.
Soaring consumer prices have also forced the Federal Reserve to tighten monetary policy at the fastest pace in two decades, raising the risk of the economy plunging into a recession. Policymakers already raised the benchmark interest rate by 50-basis points – double the usual size – in May and are expected to approve similarly sized increases in June, July and September.
The worse-than-expected inflation reading last week has also put the previously unthinkable on the table: A mega-sized, 75-basis point rate increase in June or July. About 90% of trades are penciling in a 75-basis point hike at the conclusion of the Fed's policy-setting meeting on Wednesday, which would mark the first move of its kind since November 1994.
"The combination of today’s PPI and last Friday’s CPI paint a clear picture of an economy overheating, with persistent inflation further back in the production chain," said Peter Earle, research fellow at the non-profit American Institute for Economic Research. "It looks like there is a long, hot summer ahead. Fed policies, to this point, have been ineffectual."
Biden Czar of Climate Communism Gina McCarthy Says Social Media Companies Should Censor Content Critical of “Green” Energy “Transition”
CLIMATE CHANGEVideo: Biden Advisor Says Social Media Companies Need To Silence Anyone Who Criticises Green Energy “Transition” “We need the tech companies to really jump in” Published 1 min ago on 14 June, 2022 Steve Watson
One of Joe Biden’s senior advisors told a reporter this week that social media companies should be cracking down on and censoring anyone who speeds information critical of the administration’s so called ‘green energy transition’.
National climate advisor Gina McCarthy made the comments in an interview with a reporter for Axios, stating “Now it’s not so much denying the problem. What the [fossil fuel] industry is now doing is seeding doubt about the costs associated with [green energy] and whether they work or not.”
She continued, “We need the tech companies to really jump in,” on “disinformation,” noting that criticising a green energy transition upheaval is “equally dangerous to denial,” and adding “we have to move fast.”
The Axios interviewer just nodded in agreement without any pushback.
Watch:
The Wall Street Journal reported on the comments, noting “Some conservative scholars argue that Big Tech companies could be sued as “state actors” for violating users’ First Amendment speech rights when they censor content at the behest of government officials. Ms. McCarthy is helping make their case.”
As we highlighted recently, Joe Biden has admitted, using rhetoric identical to Davos ‘great reset’ elites, that unaffordable gas prices in the U.S. are part of a deliberate “transition” to green energy.
Tom Rice says Trump ‘not the future of the Republican Party’ as voters head to polls
Rep. Tom Rice (R-S.C.) said on Tuesday while voters were heading to the polls for South Carolina’s primary that former President Trump is “not the future of the Republican Party.”
During an interview, NBC News correspondent Vaughn Hillyard asked the South Carolina Republican — one of 10 House Republicans who voted to impeach Trump — why he has “held the line” on the former president despite the fact that it might not be politically advantageous to him.
“Oh, I think it’s advantageous to me politically. I think I’m just telling the truth,” Rice countered. “You know, the truth will set you free. And I think that Donald Trump is not the future of the Republican Party. I think, you know, he was a consequential president, and we accomplished things that lifted all people up while he was president.”
“But I think he is the past, and we need to move on.”
Rice argued that his vote to impeach Trump was the “conservative vote,” saying conservatives’ “first job” was protecting the Constitution.
The House Republican’s remarks come as voters will decide Tuesday whether to oust him in the GOP primary. His seat is 26 points more Republican-leaning than the nation as a whole, according to political statistics site 538, meaning that whoever wins the primary is very likely to win in the November midterms.
Rice drew Trump’s ire after he voted in favor of impeaching the former president after a mob of Trump supporters stormed the Capitol and tried to stop Congress from certifying the 2020 election results.
Since then, Trump has endorsed South Carolina state Rep. Russell Fry (R) in his bid for Rice’s seat.
Rice, however, has said that he would consider endorsing Trump again if he apologized for what happened on Jan. 6, 2021.
“If he came out and said I’m sorry, that I made a huge mistake on Jan. 6, then I might consider it,” Rice said in an interview aired on ABC’s “This Week” last Sunday.
I know I am going to make my friends on the left mad on this one, but this administration is making things very tough on honest, small business owners across the country. Many are going out of business. I'm struggling to keep ours afloat. The labor problems are real. Guys won't even show up for interviews they scheduled. The costs of operating a business are sky-rocketing.
There was a time when working hard, saving money, and starting your own small business was the American dream. Little guys like us could maybe make it in life. Now, it's as if the Democratic party wants to wipe us out. Personally, I have a problem w/enabling others so much that it hurts those who work hard and strive to be productive, responsible citizens who do their best to earn their keep. I'm sorry, but this not a path that will lead to the overall benefit of America.
Biden Unleashed: Geriatric President Screams and Rants Uncontrollably While Addressing Union Members By Bonchie | Jun 14, 2022 1:00 PM ET
Joe Biden was let out of the basement on Tuesday, and boy did it produce some viral clips, with the content ranging from hilarious to disturbing, to infuriating.
The speech took place in Philadelphia, PA, where the president traveled to address the AFL-CIO. What followed was Biden unleashed, with the geriatric screaming and ranting to the audience in an attempt to rally support headed into November’s mid-terms. At times, it was uncomfortable to watch as his age and inability to even read a teleprompter convincingly showed through.
Watching Biden flail about, all I could think about was that iconic scene from “Anchor Man.”
Apparently, Biden thinks it’s still 1975, back when he was merely a middle-aged Washington apparatchik. But the whole screaming thing went out of style about the time Howard Dean nuked his career with the now-infamous “Yahhhhhhhh” scream.
Regardless, the president’s arrogance is truly disturbing. He angrily rebukes those who question his outsized government spending, yelling that “We are changing people’s lives!”
But what exactly does that entail? Because from where I sit, the only thing the Democrats are changing is how much money the poor and middle-class have in their bank accounts. Inflation and the market crash are destroying people’s economic freedom, and Biden wants to brag that he’s helping people? That kind of unwillingness to admit when you are wrong isn’t just infuriating, it’s outright dangerous when talking about the economic stability of the nation.
And speaking of arrogance, this next clip is just astonishing. And no, I’m not talking about the fact that he had a senior moment, forgetting the name of the Strategic Petroleum Reserve or that he doesn’t know the word “serious” exists. Well, maybe I’m talking a little about that.
Pushing for higher taxes in the middle of an inflationary boom where real costs are approaching 20 percent is insane, and I mean really insane. Like Joy Reid, straight to the asylum levels of insane. If you think prices are high now, wait until corporate tax rates go from 21 percent to 29 percent.
And while the president insists he’s not going to “raise taxes” on those making under $400,000, inflation is a tax. Heck, I would have much rather endured a five percent tax increase than watch my investments burn down while I spend an extra $10,000 this year just to buy the same stuff I bought last year.
The idea that wages were not growing before Biden took office is just not true. Steady wage growth did happen under the former president. The difference is that under Donald Trump, the growth was real. Right now, while wages are “up,” inflation is far outpacing those gains. Everyone can look at their own bank account and know what’s really going on.
Moving on, no Biden speech would be complete without him showing that he’s physically breaking down. Multiple times throughout his comments, he had to stop to cough.
Lastly, the president reprised his hilarious insult “ultra MAGA” while calling for bipartisanship. You know, because nothing says bipartisanship like trying to slander half the country.
What else is there to say? Biden is an arrogant, dangerous, disturbed man who has led the United States into one of its worst periods in history. The only thing worse than that is knowing we’ve still got two and a half more years for him to screw things up further. And rest assured, he will.
Sucking people like me down in to the squalor of broke seems to be the business of the left. An attempt to break you, so that you vote for them so you can half ass your living/life. Make you dependent on gov't.
I said I wasn't going to talk to you tonight on another thread, but oh well, this is a totally different topic. I don't think a lot of people w/all their cries for "rights" have a real clue what small business owners are going through right now. I'm to the point, that I won't buy from large cooperations and will pay more to help local businesses stay afloat. The problem is that my own cash flow is dwindling. They suck us dry in the name of championing people's rights. Pffttttt.....people don't have the "right" to lay in bed most of the day and fritter away all their money on drugs and booze while not working. That's selfish and their laziness taxes us all. And I am not making this a race issue. There are folks like this from every race.
I know I am going to make my friends on the left mad on this one, but this administration is making things very tough on honest, small business owners across the country. Many are going out of business. I'm struggling to keep ours afloat. The labor problems are real. Guys won't even show up for interviews they scheduled. The costs of operating a business are sky-rocketing.
There was a time when working hard, saving money, and starting your own small business was the American dream. Little guys like us could maybe make it in life. Now, it's as if the Democratic party wants to wipe us out. Personally, I have a problem w/enabling others so much that it hurts those who work hard and strive to be productive, responsible citizens who do their best to earn their keep. I'm sorry, but this not a path that will lead to the overall benefit of America.
Vers, please.
since the reagan era, who has voted to cut taxes on the wealthy and corporations? the right
who has voted to deregulate these corporations, allowing them to close factories here in america and open plants overseas? the right
who has voted to literally drug our american people through prescription medication while simultaneously reducing government spending in healthcare and mental health facilities? the right.
who has fought tooth and nail to protect their right to own their toys over american children's ability to not be a victim of mass gun violence? the right.
the right - mostly white males - have seen their life expectancy drop, suicide rates up, violence up, drug use and OD's up, income inequality between whites increase, quality of life drop, etc etc.
but hey, how bout them stock market gains the last 20 years!!!!! the right has preached extreme individualism in this country for decades, and now this is the results of that.
and everytime anybody on the left tries to reverse these disastrous policies, the right turns around and calls us all kinds of socialist and unamerican and - oh my personal favorite - go back to africa or wherever if you don't like it here.
this administration has flaws, but every time anybody on the left tries to fix the very issue the right whines about, the right then turns around and parrots corporate rhetoric from the same corporations that they empowered to screw them over.
the right: "hey these corporations are sending our jobs overseas!!"
the left: "you guys are right, we need to put a leash on these corrupt businesses"
the right: "you can't do that!! that's socialism you leftist libtards!!"
seriously vers, what are we supposed to do with that?
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
I can only say this: I wish I had a guaranteed income despite doing nothing.
i can tell people love your brother a lot more than they like you lmao
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Just voicing my opinion from experience, bro. I don't want to argue. I was reluctant to post what I did because I knew I would upset some folks. I'm just living it, bro. That's all.
Hey, is this the pull yourself up by your bootstraps crew up in here crying their asses off over inflation? LMAO! What are we 3-4 months into hyperinflation and they are acting like they can't pay their bills? I've seen at least one of these guys talk down to others about it's not right to punish those who succeed. But if you can't absorb 3-4 months of this crap without wailing like somebody stole your cookies, how successful can you really be? This self-pitying victimhood the right is embracing is far more toxic than anything the left does. Can you imagine teaching your children to be that weak? Seriously, wow, just wow.
Last edited by OldColdDawg; 06/14/2208:18 PM.
Your feelings and opinions do not add up to facts.
Hey, is this the pull yourself up by your bootstraps crew up in here crying their asses off over inflation? LMAO! What are we 3-4 months into hyperinflation and they are acting like they can't pay their bills? I've seen at least one of these guys talk down to others about it's not right to punish those who succeed. But if you can't absorb 3-4 months of this crap without wailing like somebody stole your cookies, how successful can you really be? This self-pitying victimhood the right is embracing is far more toxic than anything the left does. Can you imagine teaching your children to be that weak? Seriously, wow, just wow.
I was going to respond to this commentary, but I think I will just quote it to highlight the person who spoke such words.
yea, apparently it's gonna be like this forever. things never calm down, the economy never rebounds, etc etc. hyperinflation is here to stay for some reason.
remember when corporations were bragging about profits under trump? then not even 2 months into the pandemic, the same corporations were begging for government handouts. makes you wonder what they were doing with those profits, cause it damn sure wasn't investing into the country, or saving it.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Hey, is this the pull yourself up by your bootstraps crew up in here crying their asses off over inflation? LMAO! What are we 3-4 months into hyperinflation and they are acting like they can't pay their bills? I've seen at least one of these guys talk down to others about it's not right to punish those who succeed. But if you can't absorb 3-4 months of this crap without wailing like somebody stole your cookies, how successful can you really be? This self-pitying victimhood the right is embracing is far more toxic than anything the left does. Can you imagine teaching your children to be that weak? Seriously, wow, just wow.
I was going to respond to this commentary, but I think I will just quote it to highlight the person who spoke such words.
Highlight me, I like the truth. We are all in this together and the same forces put us here together. Do you think I'm gonna sit idly by and let this crew spin it into a partisan thing, commiserating for political gain? Especially when some of them sit around looking down on honest hardworking people disparaging them for needing help? Or belittling those who "wanted" stimulus to help those hurting? Come on, fake ass is fake ass on all sides of the aisle. And the fake ass in here is just shameful.
Your feelings and opinions do not add up to facts.
You liberals are a constant Embarrassment: WATCH: Sunny Hostin Keeps Repeating ‘Death-Santis’ Over And Over Again By Virginia Kruta • Jun 14, 2022 DailyWire.com
Sunny Hostin interrupted guest host Alyssa Farah Griffin during Tuesday’s broadcast of “The View” to repeatedly say “Death-Santis,” in an apparent move to get her co-host’s attention.
Griffin, who has often filled the “conservative” seat on the ABC midday talk show — left vacant with the contentious exit of former host Meghan McCain — began the conversation by asking whether President Joe Biden could beat former President Donald Trump in a second head-to-head match-up.
WATCH:
Fellow co-host Whoopi Goldberg noted that some had been critical of Biden because of his age — he will be 80 in November and will turn 82 just after the 2024 presidential election — and pointed out that many older Americans simply go about “doing their thing really beautifully” regardless of age.
“I think anyone looking at their retirement account yesterday, looking at fuel prices, looking at inflation, not all of which by the way are Biden’s fault — that creates a path and a window for a Donald Trump to come back in,” Griffin pushed back, noting that not all of the criticisms of Biden had anything to do with his age.
Griffin said that the real question should be “who’s best fit to beat Donald Trump because that man should never be president again,” adding, “I’m not sure I think it’s Joe Biden, and the fact that David Axelrod, senior Obama and Biden adviser came out and said he’s going to be 82, it’s not about age, I don’t think he has the same strength and sharpness I saw five years ago with Biden, and I have tremendous respect for the man. So I’m curious who are the Dems going to run, where is the Obama energy that we could bring?”
“I don’t know if we need Obama energy, we need somebody who gets the country back on, on line, in line,” Goldberg replied. “Because, you know, if you can name me a Republican who has a shot to do that, that’s what I’m more interested in –”
“I hope it’s not ‘Death-Santis,'” Hostin cut in and the others were still talking.
“I think it will be ‘Death-Santis,’ she repeated her name for Governor Ron DeSantis (R-FL), saying once more when the others stopped talking. “I hope it’s not ‘Death-Santis’ over in Florida because I think he’s a fascist, ‘Death-Santis.’ I think he handled COVID miserably. I think he’s a fascist and a bigot.”
“Those are his good points,” Joy Behar laughed.
“Those are his good points,” Hostin repeated, nodding as the audience laughed and applauded. “I hate this talk about — I think people saying he’s too old, I mean, you know, if the former, you know, twice-impeached, disgraced president he’s such a young spring chicken he’s going to be 78 when Joe Biden is 81. I don’t like this ageism argument.”
While not knowing what else is in this bill, I am all for eliminating the cap on income paid for social security. Why was there ever a cap on the amount anyway, as in why was the first $147,000 okay to tax, but not the rest? (oh, the wealthy that donate to the congress people, that dictate what the rules/laws are - r and d alike)
But, as with all legislation - what ELSE is in it?
Social Security is structured that way and includes disability insurance if you are unable to work. There is a maximum benefit that is associated with the program. So that accounts for the cap on wages.
I think the best was to approach the program is to implement a lower tax above the 147k current limit without a cap at all. 1 percent for employer and individual would probably keep the plan solvent.
There will be no playoffs. Can’t play with who we have out there and compounding it with garbage playcalling and worse execution. We don’t have good skill players on offense period. Browns 20 - Bears 17.
I know I am going to make my friends on the left mad on this one, but this administration is making things very tough on honest, small business owners across the country. Many are going out of business. I'm struggling to keep ours afloat. The labor problems are real. Guys won't even show up for interviews they scheduled. The costs of operating a business are sky-rocketing.
There was a time when working hard, saving money, and starting your own small business was the American dream. Little guys like us could maybe make it in life. Now, it's as if the Democratic party wants to wipe us out. Personally, I have a problem w/enabling others so much that it hurts those who work hard and strive to be productive, responsible citizens who do their best to earn their keep. I'm sorry, but this not a path that will lead to the overall benefit of America.
Let’s just say that I hope this thing goes down in flames. I know the impact of social security and it is noticed. I don’t like the idea of changing the benefit arbitrarily for those who have not paid into the system. Social Security was intended to be a secondary income, not the primary source of retirement revenue.
Payroll is more than 70 percent of the business expense in my case. It is by far the largest business expense. Raising the tax would probably result in a change to how the 401k plan is structured. There is a contribution based on a percentage of employee income that is provided, and that would have to be re evaluated.
I have no qualms about Social security. It helped my parents, and I accept the fact that I probably won’t receive all that has been paid into the plan. That is the way it is by design..
I can’t find people either. My biggest problem right now.
There will be no playoffs. Can’t play with who we have out there and compounding it with garbage playcalling and worse execution. We don’t have good skill players on offense period. Browns 20 - Bears 17.
Just to clarify, I wasn't talking about Social Security. Maybe I messed up w/who I responded to, but that post was just about how tough things are on small business owners.
yea, apparently it's gonna be like this forever. things never calm down, the economy never rebounds, etc etc. hyperinflation is here to stay for some reason.
remember when corporations were bragging about profits under trump? then not even 2 months into the pandemic, the same corporations were begging for government handouts. makes you wonder what they were doing with those profits, cause it damn sure wasn't investing into the country, or saving it.
Yep. And have you noticed that all those business handouts under Trump never get blamed for the current situation we find ourselves in? Nope, only the poor get blamed. Only dems get blamed.
Last edited by OldColdDawg; 06/15/2208:02 AM.
Your feelings and opinions do not add up to facts.
I am not a Republican. I don't take sides. Aligning oneself w/one side reduces objectivity because it does not allow one to examine each topic/situation on its own merits. I don't blame the poor and the Dems for everything. Quite the contrary. However, I will assign blame on any party that deserves blame in a particular situation. In the case of how policies affect small business owners, I am indeed entitled to point out the Dems actions. On another topic, I will assign blame to the policies of the Republicans. Unlike guys like you, I don't limit myself to supporting one side all the time and blaming the other side all the time.
I am not a Republican. I don't take sides. Aligning oneself w/one side reduces objectivity because it does not allow one to examine each topic/situation on its own merits. I don't blame the poor and the Dems for everything. Quite the contrary. However, I will assign blame on any party that deserves blame in a particular situation. In the case of how policies affect small business owners, I am indeed entitled to point out the Dems actions. On another topic, I will assign blame to the policies of the Republicans. Unlike guys like you, I don't limit myself to supporting one side all the time and blaming the other side all the time.
Just for the record, I respect good ideas and good solutions regardless of where they come from. There just haven't been many good ideas or solutions coming from the right since 2008. And if you pay attention, you will see me crucify dems from time to time for their stupidity too. Ask Pit, he knows I will go after dems when I think they are wrong. Not talking about Pit being wrong, he just knows I do it.
Last edited by OldColdDawg; 06/15/2208:49 AM.
Your feelings and opinions do not add up to facts.
I am not a Republican. I don't take sides. Aligning oneself w/one side reduces objectivity because it does not allow one to examine each topic/situation on its own merits. I don't blame the poor and the Dems for everything. Quite the contrary. However, I will assign blame on any party that deserves blame in a particular situation.
I agree with you there.
Quote
In the case of how policies affect small business owners, I am indeed entitled to point out the Dems actions. On another topic, I will assign blame to the policies of the Republicans. Unlike guys like you, I don't limit myself to supporting one side all the time and blaming the other side all the time.
I haven't seen you actually "point out" actions Biden's administration has done to hurt small business owners. I haven't actually seen anyone do it.
The one thing I've seen some wishing to place blame do is blame Biden for not giving out more oil leases. I mean energy prices hurt small business and everyone else. The problem is these oil companies are already sitting on thousands of oil and gas leases they are refusing to drill on. Those looking to blame Biden never seem to mention that part. Why do people think we should give them more leases when they have plenty of opportunities to increase oil production already with their current leases but refuse to do so? It seems it's actually the oil companies that have chosen to keep production low and some people have been convinced to blame everyone but the people who are actually doing it.
I'm certainly open to hearing what you think Biden has actually done to hurt small businesses. I mean actual policy changes, tax increases etc.... All I've heard so far have been generalities with nothing of substance.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
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Why the Biden Regime and Globalist Elites Do NOT Want You Owning Precious Metals
Value is a perception. Fiat currencies hold value and can be used to trade for tangible items because there is the perception that cash is worth something, and today it really is. As long as that perception is perpetuated, we’ll still be able to hand a store clerk a $20 bill and expect to walk out of the store with the bag of chips and soda that we purchased.
The current economic system depends on the perception of value in the dollar in order to continue. If that ever breaks down, American society will be thrown into chaos. We will be plunged into a new system of barter between individuals and “free” items handed to us in breadlines.
As for wealth, it will disappear. The globalist elites know this. They’re banking on it (pun intended). Those who currently have wealth to protect, whether in their retirement, sitting in a bank, or playing in the various markets, will be hit hard if and when a full-blown recession or complete collapse of the dollar occurs. Many are turning to precious metals as a way to preserve their wealth.
You won’t hear about that from the powers-that-be until it’s too late. They, of course, are already well-hedged with physical precious metals. You should be, too. If you have wealth to protect, whether it’s $50,000 or $50,000,000, you should contact us to see what we can do to help you keep what you’ve earned throughout your life.
The intention of the globalist elites and their pawns in the current White House regime is to control everyone. That means you. They know that precious metals have held value for millennia and most expect them to continue to hold value in the future. This is why they don’t want you to have any physical precious metals on hand.
Schedule a free consultation with Ira, and America First patriot, today:
Top 7 ULTIMATE CONTRADICTIONS Coming From Big Tech, MSM, CDC, and Biden Regime by S.D. Wells. June 15, 2022
Imagine if Trump had won the 2020 election, and right afterwards, Biden was banned from Twitter for wanting to investigate fraudulent voting schemes in all the swing states. Imagine also that Black Lives Matter and Antifa protesters invaded the Capital building to protest the election–and they all got slammed into jail, STILL rotting there, without a trial in sight. And what if Trump, had he won, banned all liberal conversations on social media and MSM that questioned the election, COVID vaccination, and a politician-invoked war in Ukraine? What would the Left be doing now about it all?
Every day in every way, the ultimate contradictions come from the Left, Big Pharma, Big Tech and the Communists running Washington D.C. Here come the ultimate contradictions taking place right now on US soil, where the Leftists and the Globalists attempt to destroy the United States, the Constitution, our food supply and every business that doesn’t support Big Pharma. The Department of Justice should be investigating every person from BLM and Antifa that rioted for two years after the George Floyd fentanyl overdose.
Thousands of violent protesters were caught on video burning down businesses, beating down human beings (sometimes to death), stealing, raping and pillaging anything in their path. Yet, that’s not happening. It’s just the opposite. They all got off Scott-free and the Leftists prosecutors are still making sure of that.
Plus, schools and daycare centers across the country are now instructed by the Left to teach little kids that nothing matters at all except thinking about sex, gender fluidity and who your sex partners should be. Drag Queen story hour has become tax-payer funded perversion instruction at elementary schools and daycare centers in almost every Leftist-run metropolitan city. Strip tease shows from sex-crazed cross-dressers is now the norm in middle schools and high schools, where the sex freaks circumvent parental permission to flaunt their package and their fake breasts for teens and tweens.
Social media exists solely to spread misinformation about safety and health, and to influence all children to become “gender fluid” sex freaks Fake friends, fake idols, fake women (trans-dudes) and fake news envelops all of social media. Most children, teens and millennials think it’s all real, it all matters, and that if they’re not “accepted” on these fake platforms, then they are worthless. That’s the exact goal of the people who invented and run Fakebook, Instagram, Twitter and all the rest.
It’s misinformation meant to misguide all youth into believing that Trump is a white supremacist, the Democrat Party actually cares about them, and that if you’re not totally confused about your own gender, then you’re “doing it wrong.” It’s all just hand-me-down disinformation scripted by Big Pharma and the Biden Regime to fuel the scamdemic, gun confiscation and the perversion of all youth by the communists in D.C.
Plus, every bit of information on social media about COVID safety and protocol is a HUGE LIE, saying the “vaccines” are safe and effective, and that masks protect you, and social distancing works, and so on. The online social world is chock full of the worst contradictions you could ever find, but the youth just can’t see the forest for the trees.
Ultimate contradictions and hypocrisy coming from Big Tech, MSM, CDC and the highly corrupt and perverted Biden Regime #1. Only violence and destruction of lives and property from Right wingers and constitutionalists is condemned and punished (think Jan 6’ers), but never the riots, looting, beatings, and arson run by Antifa and BLM (during Floyd rights)
#2. The COVID-19 clot shot vaccines and bacteria-breeding masks are supposed to stop contraction, transmission, bad cases of COVID and death from COVID, but they cause all of those even MORE frequently
#3. Ban gun sales and use for all “kids” between ages of 18 and 21, but send them to war to shoot automatic weapons so politicians can launder billions of dollars
#4. Systematically dismantle the 2nd Amendment to “save the children” from mass shootings while pushing mass propaganda for as many abortions as possible and deadly vaccines for children and pregnant women
#5. Ban, censor, and blacklist everyone popular on the right from YouTube and social media under the guise of regulating “misinformation,” while spreading mass disinformation from leftists and the CDC regularly with no regulations/limits whatsoever
#6. Push propaganda for years about Trump colluding with Russians and Ukrainians to fix elections and launder money (quid pro quo), while the Left/CDC manufactures bio-weapons in labs in Ukraine, launders money and runs guns there, and completely fixed the 2020 POTUS election by colluding with China to create fraudulent mail-in ballots and censor the internet (Fakebook and Google)
#7. Blame inflation on the Russians and Trump, when the communists in Washington D.C. have purposely engineered fuel and food shortages, while printing and laundering TRILLIONS of dollars
Bookmark Censored.news to your favorite websites for truth news that exposes all the blatant contradictions propagated by mainstream media.
Biden Goes on Unhinged Rant Against ‘Ultra-MAGA’ Agenda, Forgets Letters in ‘LGBTQI+’ by Kyle Becker June 15, 2022
President Biden can’t solve the nation’s problems, but he sure can give a good speech. Strike that, he can’t even give a good speech.
Biden boasted on Wednesday about all of the alleged ‘progress’ his administration has done for the LGBTQIA+ community while forgetting how to even say it. Watch:
“Also proud to have signed an executive order my first day in office to combat discrimination against LGBTQL… I… excuse me, plus, Americans in housing and healthcare and education and employment, financial services and the criminal justice system,” he said.
It would be interesting to see if Biden could name what all those letters stand for. Furthermore, Biden went off the rails in a rant against the purportedly sinister ‘Ultra MAGA’ agenda.
“No one knows better than the people in this room we have a lot more work to do a lot more work to do,” Biden railed. “A lot more work to do. I don’t have to tell you about Ultra-MAGA agenda, attacking families and our freedoms. Three hundred discriminatory bills introduced in states across this country. In Texas, knocking on front doors harass investigate parents who are raising transgender childre. In Florida, going after Mickey Mouse for godsake.”
Biden also announced that ‘pride is back at the White House’ by boasting that the administration has more LGBTQI officials than all other administrations combined. Too bad the White House can’t have “pride” in its disastrous results.
I thought it was Putin's fault?????????????????????????
AMERICAN NEWS Jun 16, 2022 12:30 AM EST Biden threatens use of emergency powers on oil companies if they don’t ramp up production "My administration is prepared to use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term," Biden said.
In a series of letters sent on Wednesday, President Joe Biden threatened the use of emergency powers to get American oil companies to increase the output at refineries to improve the shocking gas prices Americans are experiencing at the pump.
In the letters, obtained by Fox Business, Biden said that oil companies are running on "historically high profit margins" while Americans are forced to pay historic prices at the gas pump. Last week, the national average for a gallon of gas surpassed $5.
"There is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing," Biden wrote in one of the letters. "But amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain." "Your companies and others have an opportunity to take immediate actions to increase the supply of gasoline, diesel and other refined product you are producing," he added.
"My administration is prepared to use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term, and to ensure that every region of this country is appropriately supplied," Biden said. These letters were sent to Shell, BP, Chevron, Phillips 66, ExxonMobil, Marathon Petroleum Crop, and Valero Energy Corp, making up some of the largest petroleum companies in the US. These letters come as Biden ordered another 45 million barrels of crude oil be released from the US Strategic Oil Reserve on Tuesday, and as Inflation sits at a 40 year high, at 8.6 percent. Biden’s reportedly letters gave no timeline as to when these actions would be taken, only that it would happen in the "near future."
The Biden administration has continually blamed high gas prices on Putin, as well as oil companies not taking advantage of available leases for drilling. In March, former White House Press Secretary Jen Psaki said that "We have actually produced more oil at record numbers and we will continue to produce more oil. There are 9,000 approved drilling permits that are not being used. So the suggestion that we are not allowing companies to drill is inaccurate. The suggestion that that is what is hindering or preventing us prices to come down is inaccurate." "90 percent of them happen on private lands," Psaki said, "as I'm sure you know, and there are 9,000 unused, approved drilling permits. So I would suggest you ask the oil companies why they're not using those if there's a desire to drill more." In May, the administration cancelled the sale of a million-acre oil and gas lease in Alaska due to "lack of industry interest in leasing in the area."
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