That sure didn’t last long. Over the past two years, the U.S. government borrowed and spent trillions of dollars that we did not have, and the Federal Reserve unwisely pumped trillions of fresh dollars into our financial system. Of course all of that money was going to be a short-term help for the economy, but it was also going to make our long-term problems even worse. So what did we get in turn for mortgaging our future? Well, it turns out that we got a few months of economic stability, tremendous inflation, and the worst supply chain crisis in the history of the United States.
And now the economy is slowing down again.
Of course inflation isn’t going anywhere, and so some pundits are suggesting that we are heading for a period of “stagflation” like we experienced under Jimmy Carter in the 1970s.
If only that were true.
Sadly, what we are eventually heading into will be far, far worse than anything that we went through in the 1970s. But things weren’t supposed to turn in that direction so soon.
The “sugar high” from all the money that was poured into the economy by our leaders was not supposed to wear off so quickly. But it apparently has, because Wednesday’s ADP report showed that 301,000 private sector jobs were lost during the month of January…
Omicron threw a wrench into America’s economy at the start of 2022: The US private sector lost hundreds of thousands of jobs in January, according to Wednesday’s ADP Employment Report.
The loss of 301,000 private-sector positions came as a surprise to economists who had predicted businesses had added 207,000 jobs. It was also the first decline in the ADP report since December 2020.
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Ouch. And PNC is projecting that Friday’s job report could show a total loss of 400,000 jobs last month…
PNC is possibly the most pessimistic voice on the Street, with a projection that nonfarm payrolls contracted by 400,000 in January, including a 350,000 decline in the private sector.
The losses, Faucher said, “were likely due to a combination of factors,” most of them related to Covid. They include workers either dealing with their own virus infections, or having to take care of sick family members, parents who managed kids who were not being able to go to school, and weaker demand in pandemic-sensitive industries like bars, restaurants and hotels.
Under normal circumstances, this should not be happening. But it is. Right now, we are dealing with the most epic labor shortage in our entire history. There are “help wanted” signs all over the place, and companies all over America are literally hiring anyone with a pulse. In fact, we just learned that there were almost 11 million vacant jobs in December…
Reflecting a tightening labor market, vacancies rose to 10.92 million, well above the FactSet estimate for 10.28 million and an increase of 1.4% from November. The rate of job openings as a share of the labor force was unchanged at 6.8%.
So we have nearly 11 million vacant jobs, and the number of Americans that are employed is declining? That is nuts. Of course the mainstream media will never tell you the truth. Millions of workers have seemingly “disappeared” from the system, and at this point we don’t even have enough able-bodied workers to do the basic tasks necessary to keep our economy functioning smoothly.
This lack of able-bodied workers is the number one factor behind our horrifying supply chain crisis, but of course you won’t hear this from CNN, MSNBC, ABC, CBS or NBC. Speaking of CNN, how many sickos and perverts did they actually have working there? For years they have been lecturing the rest of us about how to live our lives, but it turns out that there was an army of skeletons residing in their own closets.
Getting back to the economy, we now have way too much money chasing way too few goods and services. This has created a raging inflation crisis, and many American families are feeling severe financial pain. For example, rental prices increased by as much as 40 percent in some U.S. cities last year…
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Rental prices across the country have been rising for months, but lately the increases have been sharper and more widespread, forcing millions of Americans to reassess their living situations.
Average rents rose 14% last year, to $1,877 a month, with cities like Austin, New York and Miami notching increases of as much as 40%, according to real estate firm Redfin. And Americans expect rents will continue to rise – by about 10% this year – according to a report released this month by the Federal Reserve Bank of New York.
Large numbers of people have been forced out of their houses and apartments due to extremely steep rent increases. And heating costs continue to escalate dramatically as well. In fact, natural gas futures shot up 16 percent on Wednesday alone…
The latest spike will keep home heating costs for millions of Americans elevated, adding to a long list of inflationary headaches.
Natural gas futures surged 16% Wednesday to close at $5.50 per million British thermal unit (BTU). That’s near the highest level since last November. Natural gas futures have spiked 55% since sinking to $3.56 on December 30.
Of course the price of food continues to rise aggressively as well. Earlier today my wife went to the store to pick up a few things, and she got into a conversation with the cashier about rising prices.
The cashier told her that it seemed like just about everything was going up in price by about two dollars. Of course that was a wild exaggeration and not even close to accurate. But it is certainly true that we are now seeing price increases that can truly be described as “frightening”, and Americans from coast to coast are definitely starting to feel impact.
Meanwhile, the overall economy is really starting to slow down. At this point, the Atlanta Fed is projecting that the U.S. economy will only grow by 0.1 percent during the first quarter…
The Atlanta Fed’s GDPNow gauge is currently tracking a first-quarter GDP gain of just 0.1%.
“The economy is decelerating and downshifting,” said Joseph LaVorgna, chief economist for the Americas at Natixis and former chief economist for the National Economic Council under then-President Donald Trump. “It’s not a recession, but it will be if the Fed tries to get too aggressive.”
So it appears that “stagflation” is already here. But like I said, this is just the beginning. What we have been through so far is just a preview of coming attractions, and the main event is definitely not going to be suitable for anyone with a weak stomach.
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Photo by AbsolutVision on Unsplash. Article cross-posted from The Economic Collapse Blog.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
Our network is currently comprised of six sites:
- NOQ Report
- Conservative Playlist
- Freedom First Network
- Based Underground
- Uncanceled News
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
- MyPillow: Use promo code “NOQ” to get up to 66% off AND you’ll be helping a patriotic, America First company.
- ZStack: Improve your immune system with the Z-Stack protocol or rejuvenate your body from vaccines or shedding with Z-DTox by Dr. Vladimir Zelenko.
- OurGoldGuy: Tell them JD sent you in your request to buy gold and it will help us… AND (wait for it) you’ll be helping a patriotic, America First company.
- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,
JD Rucker
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