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There’s an existential threat to individuals and American families that very few people are talking about. Credit card debt is skyrocketing as millions of Americans are failing to meet their income needs to compensate for massive inflation.
Wages are going up by necessity, but wage increases are not keeping up with inflation. This is forcing many Americans to pay for day-to-day expenses through credit cards. Some have very high-interest rates, but even the “low” rate cards pose major debt problems for those who are not bringing in as much as they’re sending out.
This is having a masking effect on the true state of the economy. Millions of Americans are underwater on their debt but since they still have some of their limits available or are getting new cards to compensate, we’re not seeing the rampant destitution that other countries would be seeing at this point. We’re a nation of borrowers, and right now, the lenders are paying far too many bills for desperate Americans.
On today’s episode of The JD Rucker Political Report on America Out Loud Talk Radio, I tackled this topic. I also discussed the major challenges the nation is having with meat supply and the upcoming food shortages. I launched a company, Prepper Organics, to help deal with this.
The final segment is an important one because it highlights how Ukrainian President Volodymyr Zelensky is being positioned as the face of The Great Reset once the Russian invasion ends, one way or another. His appearance at Davos this month will be a breakthrough moment for him on a global stage.
Stay frosty, folks.
The JD Rucker Political Report can be heard on weeknights at 7 pm ET Listen on iHeart Radio, our world-class media player, or our free apps on Apple, Android, or Alexa. All episodes can be found on podcast networks worldwide the day after airing on talk radio.