While corporate media is busy redefining “recession” and running cover for the Biden-Harris regime ahead of midterm elections, the people are suffering through turmoil unlike anything we’ve seen.
The National Institute of Economic and Social Research (NIESR) is warning that next year, the United Kingdom (and almost certainly the United States as well) will face “astronomical” inflation with “no respite.” A long recession is also coming according to the warnings.
Rising gas and food prices will send inflation to 11% before the end of the year, according to an estimate from NIESR. The official figures for June put inflation at 9.4%, the highest level since February 1982, according to a report by RT. However, most of us have seen prices go higher than 9.4% and even 11% seems to be minimal.
There will be “no respite” for British households and businesses from “astronomical inflation,” and the Bank of England will need to hike interest rates “up at the 3% mark” to bring it down, the Guardian quotes NIESR deputy director Stephen Millard as saying. He added that the economy will contract for three quarters in a row.
In an effort to control inflation, the central banksters try to hike interest rates. This is a crisis in the making by governments and central banks. They already have a pre-planned solution ready for us too: central bank digital currency tied to a social credit score. How good of a slave are you willing to be?
Im prep can box stores and grocers not throw away stuff that passes the sell by date? Package items dont spoil or are poison after.the sell by date. Liquids, dairy, fruits veggies meat etc…OK. it may take an effort but its not like supply chains are back to normal. Help the food pantries and others at least. We (USA) throw away so much….and sometimes that younger gen doesnt know why they are throwing it away.
We have the resources to help and weather the storm for all. Speaking of table….how about tabling the damn windmill and electric bullshit until the nation is back on its feet. Sheesh