Echoes of the 2008 financial crisis continue to be seen across the nation as the U.S. economy continues to try to work its way out of this most recent slump.
The Biden administration continues to lay the blame for these economic struggles at the doorstep of the pandemic and the continued fight against this seemingly never-ending battle. Some lawmakers, however, believe these issues have only been made worse by the negative impacts of Team Biden’s economic policies which they say sent the U.S. economy into a downward spiral much faster than anticipated.
Join us today as we reflect on the decline of the U.S. economy by diving into issues such as the continued price hikes across the nation and the government response to these issues… All of which have led some economists to believe we may be in the middle of an economic crisis the likes of which have not been seen since 2008!
Prices Soar as The Nation Falls Deeper into Debt
It shouldn’t come as a surprise to anyone that prices for a gallon of milk to a gallon of gasoline and everything in between have been soaring recently. This is partially due to companies working to earn back some of their lost earnings from the economic shutdown of 2020. This is also due, however, to the continued devaluation of the U.S. dollar as the American government continues to fall deeper into debt and looks to print more money as the solution.
The U.S. dollar, not long ago the leader of the global monetary standard, has most recently taken a significant tumble as U.S. leaders continue to make financial promises to the nation’s citizens that cannot be paid for without leaning on the crutch of producing more currency.
Added to the list of struggles most recently is the fact that the national foreclosure rate is soaring as we come to the end of the pandemic-related mortgage bailout programs.
According to CNBC, foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020.
A Problem with No Apparent Solution…
As the nation continues to fall even deeper into its current economic struggles with prices soaring and homes foreclosing, our nation’s leaders continue to urge the importance of raising the nation’s debt ceiling. Many citizens can’t help but ask, however, when and how D.C. plans to pay for all these “solutions” and promises laid before us during the campaign season.
… And as any financially struggling individual can tell you, it’s very unlikely that a debtor gets their credit ceiling RAISED when they are unable to pay the bills that are already due… Unlikely of course unless you are the United States government!
As the U.S. economy continues to struggle, officials in the White House claim that this decline is the sole outcome of the continued spread of the pandemic, which has caused many businesses to default and cost thousands of Americans their jobs.
Believe it or not, the truth most likely lies somewhere in the middle of both of those claims. While the nation’s struggles coming out of the pandemic have certainly not helped the issues at hand, the Biden administration’s plans to counter these pressing economic concerns have done very little to help give an already struggling economy a much-needed boost.
And as the continued release of disappointing monthly jobs reports seep away at the hopes of the nation, many leaders look to those jobs reports as all the proof they need that the Biden economic plan simply does not work in our current position.
Learn More Here…
If you’re interested in learning of investment opportunities that could enable you to continue to profit even during the current economic struggles as mentioned above, then do yourself a favor and join DTI founder and 40-year market veteran Tom Busby today as he sits down with you to explain his methods for profitable investments during these volatile times.
P.S. – Don’t forget to clear your calendar TODAY at 1pm ET as market guru Jack Carter sits down to share with you the investment techniques he’s used to protect his assets and continue to profit during market declines!