While government statisticians claim robust growth, recent data points suggest otherwise. Consumers are quickly running out of money, home sales have collapsed and hit their biggest drop in three years, there are more Americans out of the labor force than ever before, and one third of adults under the age of 35 are living with their parents because they can no longer afford to pay their own mortgage.
By all accounts, the reality is that we are now factually in a recession, a point further emphasized by the recent revelation that American companies are experiencing near zero percent earnings growth.
But that’s just the beginning. As we warned earlier this year, food prices would see a steady rise through 2014 because of increased global demand, drought and continued degradation of the U.S. dollar.
The Producer Price Index made available by the Bureau of Labor and Statistics this morning has now confirmed those fears. Consumers are seeing an immediate impact to their wallets in the form of food price inflation and in all likelihood the trend will continue going forward.
These latest numbers are serious. So much so that according to Zero Hedge, “the last time food prices spiked by this much in one month, the resulting Arab Spring wave of revolutions tumbled governments across north Africa and the middle east.”
*NEW RealTime Visitor Tracking Below*
Support Us! Humanity Deserves Open Access To Knowledge. Only accepting Bitcoin and supported Cryptocurrency.
(Contact Me For Other Cryptocurrency Donation Addresses)
Get Bitcoins Here (Get $5 in Bitcoin Free)
Learn About Bitcoins Here
Make sure to also support The Ubuntu Movement, Global Unity Project, and The Venus Project. We also suggest supporting numerous non-profit, non-Elite Owned charities and organizations across the full spectrum of spiritual/traditional religious and alternative worldviews that are focused on peace, wisdom and universal love.
Written Blog Content is under a Creative Commons Attribution 3.0 Unported License.
ATTENTION WRITERS! Here at StevenLanier.com, I am always looking for new material to publish. If anyone is interested in submitting your original article(s) to be published on StevenLanier.com please email them here: Contact Form
(Open, Closed and Neutral Minded Resources. Light and Dark. Religious/Nonreligious /Spiritual/Atheist perspectives as well as new and old Science.)
African History Network
The Resonance Project
Gnostic Knights Templar
Seventh Day Adventists
Restored Church of God
Temple of Set
Hemp For Future
Nation of Islam
The Venus Project
Ubuntu Contributionist Party
Sphere Being Alliance
R Stones Black Economics
The Resonance Project
The Forbidden Religion
Church of Satan
Spirituality and Practice
New Message of God
Arcturian group of 40
The Ashtar Command Spiritual Community
Light Technology Publishing
Project Global Awakening
Extra Terrestrial Database
The Radiant Rose Academy