by Michael Snyder, The Economic Collapse Blog:
When you are creeping out on a very high tree limb, everything may seem fine until suddenly the limb snaps and disaster strikes. I think that is a perfect metaphor for what we are facing as a country. Our politicians in Washington have artificially propped up our economy for years by piling up 34 trillion dollars in debt, and the “experts” at the Federal Reserve have artificially propped up the financial markets for years by pumping trillions upon trillions of dollars that they created out of thin air into the system. But now we are so far out on a limb that there is no way back, and there is no safety net below. Ultimately, our fate will be the same as this guy…
TRUTH LIVES on at https://sgtreport.tv/
Heart-stopping video footage shows the moment a Florida man plummets 60 feet into a creek after a branch he was standing on broke beneath him.
Christopher James Sikes Smalley was enjoying a day at Crystal Springs, a popular swimming spot in Vernon, when a branch he was climbing on snapped.
A clip shows Smalley hanging on to a branch above him with one hand and balancing on top of another.
Suddenly, the branch below Smalley gave way, causing him to fall and hitting other branches before landing in the water.
Fortunately, Smalley was not killed.
But this was a fall that he will never forget for the rest of his life.
I had to write about this, because it reminded me of what so many people out there are going through right now.
Millions of Americans are currently experiencing their own individual “economic collapses”, and that includes a lifelong Democratic in Pennsylvania named Stacey Ellis that was recently interviewed by the BBC…
She has switched stores, cut out brand-name items like Dove soap and Stroehmann bread, and all but said goodbye to her favourite Chick-fil-A sandwich.
Still, Ms Ellis has sometimes turned to risky payday loans (short-term borrowing with high interest rates) as she grapples with grocery prices that have surged 25% since Mr Biden entered office in January 2021.
“Prior to inflation,” she says, “I didn’t have any debt, I didn’t have any credit cards, never applied for like a payday loan or any of those things. But since inflation, I needed to do all those things….I’ve had to downgrade my life completely.”
Have you had to “downgrade” your life too?
If so, you are far from alone.
For example, a 26-year-old security guard in Brooklyn named Dylan Garcia now only eats two times a day because that is all that he can afford…
Dylan Garcia, a 26-year-old security guard from Brooklyn, says he’s never struggled to buy groceries as much as he has now.
Instead of the fresh food and brand-name items he used to enjoy, he now stocks up on ramen noodles and frozen vegetables – and only eats twice a day because he can’t afford more.
At checkout, he routinely uses “buy now, pay later” schemes, which allow him to pay the bill in installments, but have led to mounting debt.
If you can still eat three meals a day, you should be very thankful for what you still have.
Of course it isn’t just food prices that have been soaring.
Housing has become ridiculously unaffordable, and this week we learned that home prices are now higher than ever…
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