continues

The purchasing power of the dollar continues to VANISH! In May, the purchasing power of $100 in January 2000 is now $55.60 (down $.10 from April). Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor.

by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: May 2022 purchasing power: 57.8 (down -3.80% in purchasing power in the last year!) May 2021 purchasing power: 62.7 (down -11.32%% in purchasing …

READ MORE

The US government continues to spend money like a drunken sailor…

The US government continues to spend money like a drunken sailor w/ the budget deficit widening to $2.1 trillion, highest since Feb 2021. This is occurring when the economy is still in an economic expansion w/ Unemployment @ 3.7%. What happens to the deficit when recession hits? pic.twitter.com/eJFnnIJb97 — Charlie Bilello (@charliebilello) June 12, 2023

The bank branch bloodbath continues! Major firms will axe up to 20 locations in a SINGLE state this summer – A SIGN OF THINGS TO COME

via dailymail.co.uk: Major banks are set to axe up to 20 branches in a single state this summer, as companies push digital banking services. New York residents will see Capital One, Citizens Bank and JPMorgan Chase close their doors in the next three months, making it more difficult for customers to access basic banking services. …

READ MORE

Federal Reserve continues to be forced to inject massive liquidity in banks… It’s a full-blown crisis

https://t.co/J8joLEILkG — Win Smart, CFA (@WinfieldSmart) June 8, 2023 No it isn't. https://t.co/Yz6TjPCYMI pic.twitter.com/ns9EdXBrd1 — Financelot (@FinanceLancelot) June 7, 2023 Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks (by the time Yellen the Felon notices something is an “issue,” trust me, it’s a full-blown crisis) The Fed fixing the economy …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.