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Economic Update: Supply Chains Crack, Jobs Tanks...Economy in Chaos
Economy Continues to Crater
Economic Update September
Economic Update: The Economy Continues to Collapse.
An Devastating Economic Crisis is at Hand
Prepare for a Devastating Economic Crisis in America
Welcome to The Tomsic Analysis
America: in Crisis
From some of the posts I’ve seen on Facebook it seems many people are completely clueless as close America is to a major crisis. Part of the problem is that many American's have been doing well enough to weather the storm that have caused so much turmoil. That is to say they are working, can pay their bills and live in a safe area away from the decay that many people face living in major metropolitan areas.
However, as inflation continues to take a bite our of paychecks, many American's will find it harder and harder to keep up with everyday living expenses. Add to this the growing tension caused by the Biden Vaccine Mandates, labor shortages and the growing shortages caused by supply chains issues around the globe and you have the making of a turbulent holiday season.
I must also point out that no matter what side of the vaccine mandate issue you stand remember that our rights under the constitution should never be challenged. These rights came at a great price and are what protects us from tyranny. Right now it seems that we are witnessing the creation of a new fascist un-united states of America. So keep praying America and stay vigilant for dark times are upon us.
Let me know what you think. Email me at: david@tomsicanalysis.com
Rethinking American
For those of you who didn’t already know the real American economy as we knew it died during the 2008 financial crash. The United States Central Bank also known as the Federal Reserve (Fed), replaced our free market economy with a new one based on the creation of debt. To survive, this debt based economy requires an ever increasing amount of new debt and near zero interest rates. In order to keep the Great Recession from becoming a Great Depression the Fed injected $4.5 trillion into the economy from 2008 to 2014. This new money supply went to bailout the ‘too big to fail’ banks’ while 8.7 million American jobs were lost and 10 million homes went into foreclosure.
The problem is that Fed’s intervention was never intended to last as long as it did but the American economy also known as Wall Street, was too addicted to what economist Peter Schiff call "monetary heroine" to survive without it.
Our economy, once built on manufacturing and production is now laden with service sector jobs that can support an family of two let alone an economy. We are finding out that without middle class buying power the Fed had to keep pumping money into the system. or it would go into withdrawal. The bigger problem is the intervention that kept the American economy from collapsing has created the most massive debt bubble in history.
The Corona-19 pandemic created even more opportunity for the Fed to do what they love to do best...print money. What makes this process even more insidious is that during the 2008 and the 2020 financial crisis's the wealth of the riches people in the United States grew at an alarming rate. So much so that it is hard to believe that this wealth transfer wasn't part of the plan. Perhaps, this was just a part of the deconstruction of America. in preparation for the "Global Reset" that the founder of the World Economic Forum Klaus Schwab talked about in March or 2020.
Today as America's economic and military power is being challenged by China. we must wonder how mush longer the American way of life will survive. What's interesting here and, dare I say it conspiratorial, is that leaders of both American' political parties and an American President handed over our manufacturing base to China some seven years ago . It is during this time in history that that action is the foundation of our demise. This country is being challenged at every front, our currency, our Constitution, our freedoms and our military. One can only surmise that this was all was part of a bigger plan, a plan to take down America to remove the final obstacle to a one world government.
Let me know what you think. Email me at: david@tomsicanalysis.com
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