Source:t.co/3Q04jJLI72
— FXHedge (@Fxhedgers) December 25, 2023
This infuriating year, marred by relentless inflation, epitomizes the struggle of everyday Americans. Families, like Kyle Connolly’s, grapple with layoffs, escalating living costs, and diminished luxuries. The glaring disconnect between positive economic indicators and the grim reality faced by communities like Florida’s panhandle underscores the systemic issue. While the Federal Reserve boasts about curbing inflation, families bear the brunt, with the University of Michigan’s consumer sentiment index revealing a stark decline from pre-pandemic levels.
The frustration intensifies when considering income stagnation. Unless your earnings surge by 30% to 40% in the past three years, you’re unequivocally falling behind. The Consumer Price Index (CPI), a flawed metric, routinely underreports real-world increases, magnifying the economic strain on households. The stark reality emerges: the central bank (The Fed) and government policies perpetuate an alarming wealth gap, where the top 1% amass more riches than the entire bottom 90%. Anger simmers as economic policies seem tailored to favor the elite, exacerbating the financial woes of the majority.
Unless your income is up 30% to 40% in the past 3 years … you are falling behind. And CPI is usually wrong by underreporting these increases. So the increases might be even more in reality. t.co/UY2FOIwRHZ
— Wall Street Silver (@WallStreetSilv) December 25, 2023
Merry Christmas everyone.
Due to our central bank (The Fed) and our govt policies, the 1% hold more wealth than the bottom 90%.
Happy New Year 🎊 🎉🥳🍾 pic.twitter.com/StOLWpfd4D
— Wall Street Silver (@WallStreetSilv) December 25, 2023
Who did this? pic.twitter.com/NCflRnAloH
— Not Jerome Powell (@alifarhat79) December 25, 2023