was me, this past Saturday, March 5th, 2022.
This was Moody’s Analytics chief economist Mark Zandi yesterday:
Inflation expectations threaten “to become unhinged” after Russia’s invasion of Ukraine, he said.
(Well no kidding, thats why he invaded).
That's a chief economist for Moody's Analytics. If you been following along with me you should know what I'm going to say next :-). I look like a chief economist for Moodys? Hardly.
I mean what do you think is going to happen to a country with 2/3rds of its population living pay check to paycheck?
As inflation heats up, 64% of Americans are now living paycheck to paycheck
"Expert opinion has been repeatedly wrong about the course of events. If we believe the experts, Putin would have never invaded, Ukraine would have offered weak resistance and sanctions would be limited," the analysts wrote.
(Their experts might have been repeatedly wrong about the course of events. My expert has been on the money.)
"However, strong savings rates, low unemployment, and energy independence will help the U.S. economy weather the storm better than most, the analysts predict.
Maybe they should have read the paragraph above where they just said, "Expert opinion has been repeatedly wrong about the course of events."
You can tear that three pronged argument apart without having to do very much research about it.
One, "strong savings rate":
It's not how much money people save(d) relative to their income (savings rate) after paying their bills that matter (whether at the height of Covid, or currently) but the mountainous increase in debt everyone carries these days. It's like they are just looking for any good way to spin things. Great, I'm saving more now that I was two years ago. Awesome! But if inflation just keeps eating away at it? You're still loosing money. It's the increase in debt to savings ratio that matters, not the increased savings rate. If that get pointed out to the experts who push the "increase in savings rate" narrative? They really don't have any counter argument because there isn't one.
Two, "Low unemployment":
Being employed but not being able to pay your bills doesn't really do you much good, you just get farther behind at a slower rate. The "Headline" unemployment rate is said to be 4% 9 (Jan 2022, Feb #'s are not out yet) however, when factoring in those working less hours than they want to be working or those working but not making enough to pay their bills, the Ludwig Institute for Shared Economic Prosperity (LISEP), measures the percentage of the U.S. labor force that is "Functionally unemployed" at 22.5%.
Three: Energy independence
This one I can sum up with one line from OPEC's secretary:
"There is no capacity in the world that could replace 7 millions barrels per day," OPEC chief Mohammed Barkindo told reporters at the Ceraweek conference in Houston, Texas, U.S. March 8, 2022. , according to Reuters.
Revelation 10:9, NIV:
"So I went to the angel and asked him to give me the little scroll. He said to me, 'Take it and eat it. It will turn your stomach sour, but 'in your mouth it will be as sweet as honey.''
1 Thessalonians 5:3:
While people are saying, “Peace and security,” destruction will come upon them suddenly, like labor pains on a pregnant woman, and they will not escape.
(As in, "Expert opinion has been repeatedly wrong about the course of events")
Brother Joe was absolutely correct in his bible study on the book of Revelation, the entire purpose of the Seal judgements, The Trumpet judgements, The Bowl judgements, and the Three woes is to get people to turn to him and acknowledge he's the one in charge. (It's also where I got the "If you know the playbook" line in my video :-) Thank you sir ). He was big on that, if you know what's coming? its easier to be ready for it.
I like how SRV says it at the 2:40 mark:
"Understand, it's time to get ready for the storm..."
and the solo rocks too :-).
I love you honey.
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