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Well, well, well…. though financial media will say this is remarkably unexpected, it is something CTH specifically predicted we would see – and it is happening exactly on the timeline CTH anticipated.
The Bureau of Labor Statistics releases the second quarter national wage rate data today { BLS DATA HERE }. U.S. wages DECLINED 1.2% in the second quarter of 2021 compared to last year. When reviewing the data [ Table 2 ], look at the negative impact to women, specifically Black and Asian women: TOP LINE – Combine a 1.2% decline in earned wages with a 5.4% overall inflation rate recently reported { Go Deep }, and what you get is a 6.6% drop in real income amid the working class. That, my friends, is exactly what we said should be expected. That is also why the JoeBama administration needs to pump more money into the system (human infrastructure spending) in order to stop people from realizing just how bad it is.
You cannot have declining wages and massive inflation and expect the middle-class to survive. Additionally, when I said six weeks ago that we had just passed peak home value, this is another data point to bolster that prediction. We are in a plateau period on macro-level real home values, from this point they start dropping. You cannot have near double digit drops in real income and simultaneously expect people to afford high mortgages. It just doesn’t happen. The declining wage rates, and the more substantive drop in real wage rates due to massive inflation, are specifically hitting the lower tier of the working class harder. Yet despite this, Biden is intent on importing even more economic migrants to put even more downward pressure on wages for the working class.
These are very real outcomes of policy. Working class Blacks and Latinos will feel this even more, yet this is the special interest group that Democrats claim to support. The reality is exactly opposite from the narrative sold by the Biden administration.
The Democrats know this. These outcomes are not accidental; they are a feature not a flaw in their policy. […]
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We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our Substack page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker