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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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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker