-
Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.
The Urban Institute released a disturbing study this week showing that one out of every four Americans now has to go without food sometimes because it is just too expensive under fake president Joe Biden.
When the Pedophile-in-Chief first assumed office in January 2021, only one in five Americans was occasionally having trouble buying enough food for proper nourishment. That figure spiked to one in four at the end of 2022, constituting a massive 23 percent increase in just one year’s time.
Bidenflation caused a whopping 63.2 percent of adults in America to see their grocery costs increase “a lot” last year. The most negatively affected demographics were Hispanic and black adults, the data shows.
Those whose food costs spiked “a lot” in 2022 were also found to be nearly twice as likely as other adults to, on occasion, have trouble buying enough food to eat. (Related: Last summer, a handful of senators blasted Biden, warning that his “inflation bomb” would drive the American economy straight into the ground, which it clearly has.)
Biden claims inflation is going down – is his mental capability really that bad, or is he just a chronic liar?
Over the past year, food costs across the country have increased in pretty much every category. Cookies, for example, now cost 16.3 percent more than they did a year ago, while cereal has spiked in price by 15.6 percent.
Dairy products are up 14 percent today compared to a year ago, while egg prices have jumped a whopping 70.1 percent, which the authorities are blaming on “bird flu.” Overall, food prices between December 2021 and December 2022 spiked by 10.4 percent, constituting a 40-year high for inflation.
All the while, the fake president continues to insist that inflation is going down under his rulership. And he is saying this at a time when Americans are now paying 8.1 percent more on their mortgages; 12.5 percent more for health insurance; 26.2 percent more for child care; 26.4 percent more to heat their homes; and 55.5 percent more to refuel their cars.
“Because of recent price increases, 62.0 percent of adults whose grocery costs increased a lot reported either reducing the amount of food they bought or not buying the kinds of foods they wanted, 43.3 percent withdrew money from savings, and 36.3 percent increased credit card debt,” the study reveals. “About 16.5 percent received charitable food.”
Since Biden was installed into the White House, nearly half of all American families say their financial position has worsened. This is the worst post-election outcome in 37 years, according to a February Sunday ABC News / Washington Post survey. Just 16 percent of American families say their financial health is “better off” under Biden than under previous regimes.
“Economic disruption, economic suppression, ever-tightening regulations and controls, and now forced conformity via starvation – have Americans had enough yet?” asked one commenter about this dismal news.
Don’t wait for a stock market crash, dedollarization, or CBDCs before securing your retirement with physical precious metals. Genesis Gold Group can help.
“Obama was ‘the food stamp president.’ Biden is the ‘destroy America president,’” wrote another. “Whenever Democrats steal the White House, EVERYONE suffers.”
To this, another person clarified that the Biden “presidency” is really just Barack Hussein Obama’s third term in very loose disguise.
“His people are back in the White House finishing the ‘we will fundamentally change America’ agenda,” said another. “Obama, Soros, and the Chinese are pulling Biden’s strings.”
“The left used to launch into diatribes over Reaganomics. Now the country is faced with Bidenomics and not a peep from the left,” said another about the hypocrisy of the political left.
“Groceries during the Trump era were about $80 to $100 per week. Under Biden, they now cost between $120 and $140 per week,” responded someone else.
America is fast-becoming a third world country – and for many, it already is. To keep up with the latest, visit Collapse.news.
We launched a beef company! Use promo code “TexasBeef” at checkout to get 15% off. This is on top of the discount prices we’re offering for a limited time as we launch.
Sources for this article include:
- Concerned about your life’s savings as the multiple challenges decimate retirement accounts? You’re not alone. Find out how Genesis Precious Metals can help you secure your wealth with a proper self-directed IRA backed by physical precious metals.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Bypass Big Tech Censors
-
Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.