So how’s the economy really doing??? AMAZING!!

So how’s the economy really doing???

So we all realistically think that the economy is doing badly. Well, at least in as far as it is affecting us, our children, and our neighbors and friends. But Just how devastating is it? Well, I am going to show you clear, factual, indisputable proof just how bad the economy is. I am going to show the cost of housing.

For this I am going to prepare a comparison between housing costs now, after 3 years of the President’s reign compared to 3 years of the last President’s reign. That will be 2019 vs 2024.


2019

  • Average home price: $265,800
  • 20% Down Payment: $53,000
  • 30-year Mortgage Rate: 3.75%
  • Amount Financed: $212,600
  • Monthly Payment: $1,208
  • Total Repaid: $435,000
  • Income required (industry standard calculation): $80,000

2024

  • Average home price: $384,500
  • 20% Down Payment: $77,400
  • 30-year Mortgage Rate: 7.02%
  • Amount Financed: $307,100
  • Monthly Payment: $2,272
  • Total Repaid: $818,000
  • Income required (industry standard calculation): $115,000
Results –

So here are the objective and results between 2019 & 2024…Bidenomics:

  • The average home price increased by 44.6%.
  • The down payment required increased by 46%
  • The 30-year mortgage rate increased by 87%
  • The amount required to be financed increased by 44%
  • The monthly payment increased by 88%
  • The total amount repaid over the life of the mortgage increased by 88%
  • The income required (industry standard calculation) increased by 44%
Summary –

There are a couple of hidden additional “gotchas” with Bidenimics:

According to the US government, the median household income in 2019 was $68,700. The US govt figures are not out for 2024 yet, but USA Today states the median household income in 2024 is now $74,700. That is an 8.7% increase from 2019 – 2024. That means that compared to the income increase between 2019 and 2024:

  • Income lags behind the increase in home prices by 80%
  • In 2019 your house payment was 20% of your monthly income. In 2024 your house payment is now 36% of your monthly income.
  • Buying a house in 2024 means you are paying back over $380,000 more dollars than the same house in 2019.

Wait for it…one more little item to cover…

Did you notice the income requirement difference, $80k in 2019 vs $115k in 2024? Did you catch that and do you know what the tiny little issue is there? Hold on…

According to the IRS you are now in a completely different tax bracket. So not only is your house payment an additional $1,100 per month, your tax payment is now also more than 60% higher on the income difference!!!

So then have you asked the question, “Who actually benefits from Bidenomics?

! ! GREAT QUESTION ! !

Well, let’s see:

  • The bank or mortgage company makes about $300,000 more in interest off of you.
  • The county you live in collects additional property taxes from you.
  • The federal government is collecting more income tax from you.

And what do you get out of it???? The same exact average American house…period. Yeah, that means absolutely no benefit to you. The only folks who benefit? Yup, the banks and the government.

Do you find that interesting? How’s that Bidenomics working out for us?

Hang on a dang-gum minute, is there a bigger picture here?

Try this on for size…in 1960 both of my parents worked, their combined income was about $5,400 per year. In 1960 they bought the home I grew up in, they paid $5,000 for it. That was 93% of their total annual income. It was a fairly average house, maybe a little on the poor side of the tracks. But compare that to today…the average home is more than 500% of the average household income.

Is there any doubts in your mind what is going on in the big economic picture of the last 65 years????

Again, ask yourself this, “Who is benefiting from homes going from 93% of a family’s income to 500% of a family’s income?

Do you understand the huge and devastating consequences to that single statistic alone? Do you see it is more than just Bidenomics!!!???

Ask yourself, “Why is this happening?

Answer it by asking, “Who benefits from this happening?


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Top 5, 10, 15, 50, 100 Things to Buy Before the SHTF !

I am sure you’ve seen clickbait headlines such as the one I just used. Someone shouting the need to buy the top [place number here] items to buy before the SHTF. And doing so in videos and articles to the point it becomes absurd. So why do I bring up the issue today? Because it is all clickbait…meant to grab your attention and get you to read their article or watch their video…and most of them are selling something.

So does that mean there is nothing you should buy before the SHTF? No, of course not! But you should have been buying your prepping supplies all along. And yes, doing so orderly, systematically, with priorities and “mission” guiding you…not fear, panic, or hucksters prodding and pushing you.

Example: This morning while I was searching for a history documentary on some Reformation notable person…a video came up called, “The Top 5 Things to Buy Before SHTF”…clickbait. But, I thought it might be interesting in hearing what a so-called prepper expert had to say. CLICK!

So this guy comes on and states his on-screen, on-line moniker…and website address. Then a long disclaimer on what he is not. Weird, because it was a disclaimer that he has no expertise in making recommendations…that he about to make. That is very telling, yes?

So his #1 item to buy was food. OK, I can actually live with that to some limited degree, although I would not go about it the way he did. Then priority #2 item…gold and silver. What!? Then it got worse…cryptocurrency was #3. At that point I realized he is…well, not so kindly…an idiot…a little more kindly…inexperienced, uninformed, and ignorant. It was then I understood his reason the extensive disclaimer.

His explanation for gold and silver was to have currency of value when the dollar collapses. He went on and on about how important and valuable gold and silver would be to buy the things you needed when the dollar collapses as a fiat currency. And then he went on to explain that when society rebounds gold and silver would provide you with a base of wealth.

Then it gets worse…he said the exact same thing for cryptocurrency!! But it would be even better because it would be stored online and more easily used to use as a currency buying and selling. WHAT!!!???!!!!???

First off, let’s talk about gold and silver, in my opinion the purpose of gold and silver…

To have a source of a tangible currency of intrinsic value with which to bribe and buy during the initial stages of a “grid-down”, emergency, or disaster. 

Continuing…intrinsic value is a property of anything that is valuable on its own. Gold and silver have some intrinsic value; jewelry, electronics, military applications, etc. However, once again the value of both gold and silver is mostly based in perception. People believe gold and silver to be valuable…so it is…until people no longer believe it has value.

Example: Would you like someone to give you 10 ounces of .999 gold rounds? Of course you would! Now, let’s change that just a bit…if you and your family were really, really hungry (i.e. starving), which would you rather be given to you…gold or a week’s worth of delicious food? Duh! Yes, I know the answer is pretty simple. So based on the situation, your circumstances, food could be far, far more valuable that gold or silver.

Now, you might say…but if I had the gold then I could buy the food. Really? If a farmer has the food to deliver to your family, why would he want gold? What value would it be to him? It would only have value to the farmer if he could then use it to buy what he needed. Which means the person he is purchasing those needed items from would also value the gold.

Here is the problem…as soon as someone in that supply chain decides they can’t use the gold for what they need…the gold loses ALL value. Meaning gold and/or silver then become just another fiat currency…worthless.

And here is one more thing to consider…what if the federal government outlaws gold ownership?

Well, in 1933 President Roosevelt outlawed the ownership of gold. And, he did so via an Executive Order. To make matters worse…he set the price of gold at $35 per ounce that you would receive when you turned in your gold to the federal government. And to make matters worse…he issued this Executive Order at the height of the Great Depression.

It is important to know why he did such a thing. The easiest answer would be to state the obvious…FDR was a socialist and wanted to move wealth from the people to the government. And you would be right for making that claim. But it goes deeper than that…gold in the hands of the people is the enemy of government. The US dollar at the time was backed by gold. You could turn in your dollars for actual physical gold. But, if you could not own gold, then you had to have paper money. And the government controlled ALL the dollar bills. Hence, the government controlled ALL wealth. And finally, since the federal government controlled all the legal gold, it also controlled it value/price…allowing it to print all the currency it wished…stating it was backed by gold.

So the problem with gold, and perhaps silver, is two-fold; 1) it is only legal to own as long as the government says it is, and 2) it only has value as long as people think it does.

#2 is useful during a grid-down for bribe and buy purposes only while people perceive precious metals have value to them. Once that perceived value disappears, so does the usefulness (i.e. value) of precious metals. And when does that value disappear? When they become hungry…or some other actual “need” becomes stronger than their “want” for shiny metal.

As for #1…who knows! In 1971 President Nixon debased the US dollar by breaking the link between the price of gold and the value of the US dollar. And including in that Executive Order…he also allowed for the private ownership of gold once again. His motivation was simple as well. By debasing the dollar from gold it allowed the US Government and the Federal Reserve the ability to create as much money as they wished. And that is why we have well over $20tillion in national debt that can never, ever be repaid…the US Government and the Federal Reserve simply created it via computer keystrokes…with NO underlying value…a fiat currency.

So does owning gold make sense? Yes, but only for the short-term after SHTF or TEOTWAWKI…to bribe and buy. But, it will become worthless after that. Will its value come back at some point? Maybe, but my opinion is such that I don’t have millions of dollars to do everything else AND speculate on what precious metals might or might be worth post-SHTF or post-TEOTWAWKI.

And no matter what…OWNING GOLD AND SILVER IS NOT #1 ITEM…in any universe for any reason!!!!!

Now, his #2…cryptocurrency. Let’s make this easy…real easy! Cryptocurrency compared to anything is WORTHLESS!!!! It has ZERO intrinsic value, is backed by absolutely NOTHING!! It is far, far worse than even fiat currency! At least fiat currency is paper and can be held in your hand…cryptocurrency can’t. And cryptocurrency not only becomes worthless if any government decrees it…ANY disruption in any type of Internet service makes it just not worthless…but completely unavailable…it vanishes into thin air never to be seen again. And while fiat currency can be counterfeited, although very difficult to do…cryptocurrency can be hacked (and has been) and it can be magically created at will via computer.

Yes, you can tell I am worked up over this! This guy is a complete and total fraud and fake. And most of all he is dangerous! Think about this…a person who is a prepper, takes his advice and puts his budget into gold/silver/cryptocurrency instead of guns/ammo, water filtration, gardening tools, back-up shelter, or any number of other prepping items that could actually save the life of their family…DISATER at the very least…fatal for the entire family at its worse.

So, I think I am going to start a series of articles combating all the fakes and fraudsters out there trying to tell people what to buy before the SHTF. I will use actual decades of actual hands-on experience, training, common sense, and a priority-based system of what to buy before SHTF.

Now, if you’ve been visiting this website for a while…using all the resources available…then you are probably in pretty good shape. But, maybe the new articles can help you identify weak areas that need attention. If you are just starting out…it could well prove to be a roadmap to survival. You might even like to send them along to your friends and family. I will also make them available in PDF format as well should you wish to print them out.

If you would like to make recommendations, have suggestions, or would like to make a request for the articles…just fill out the form below.


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No reproduction or other use of this content 
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