They Always Find A Way To Screw Us…

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Okay. Today I noticed yet another way that they are apparently screwing us. And this new way has to do with TP, toilet paper. So, Mrs.J opens up a new pack of TP from our well stocked supply, and low and behold she notices an obvious difference between previous TP and this one… The cardboard inner roll diameter is HUGE compared to a ‘normal’ roll of TP. I just had to take a picture of it. See picture above. (Note: some TP has been ‘used’ off that roll – the original outer diameter was larger). So, while not having taken

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JimBob Got A Raise At Work

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JimBob got a raise at work. Not much, just $100 per month, but it’s a huge deal because JimBob and his family have been living paycheck to paycheck and have no money for anything extraneous. What does Jim-Bob do? (guest article by MSB contributor, ‘Lauren’)   As JimBob is a normal member of our society he dithers back and forth between paying off some of his credit card debt or buying that new bike he’s been wanting. He already pays for a gym membership, but he’s been wanting the bike, and staying in shape is important. At the bike store

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Gold & Silver Update (2017-8-20)

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Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the United States is seeing the climax of collapse of the financial sector and consumer economy. Also in this interview, Willie reveals the Chinese are working on a major deal to pay for crude oil in Yuan. Other countries are moving away from the Dollar. He predicts the Dollar won’t collapse. Instead, it will rise, then simply vanish.   Sponsored in part by SDBullion.com

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Gold & Silver Update (2017-8-13)

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In support of sound money, the following gold and silver update is sponsored by SD Bullion and Silver Doctors. The Silver Price has put in a higher-high, smashed through the 50-day moving average, and is now testing the 200-day. We said on Monday the white metal would either break-out or break-down, and it sure did break-out. We are above $17, and it looks like we can put our bullish wedge behind us as early as today depending on how silver performs: Volatility is the talk of the markets this week, especially after that 44% move yesterday, however, as we mentioned

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The Growth Equity Phase Is Over While Optimism Will Rapidly Lead To Despair

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According to Goldman Sachs (via a ZeroHedge.com report), the “growth” phase is behind us, we are now in [ending] the “optimism” phase, and it is only a matter of time before “despair” sets in. For Goldman to sound the alarm is actually quite interesting. Are they actually warning us? Most of us who have been […]

Is The Ponzi Scheme Finally Unraveling?

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You listen to the media and they’re blaming China, they’re blaming this and they’re blaming that… The thing is, it’s everything. It’s the ponzi scheme that’s finally unraveling. We are in a deflationary depressionary cycle that appears to be spreading far and wide. Just about everywhere you look, the data is pointing towards an unraveling […]

Pocketbook Pain: The Rapidly Rising Cost Of Living Is Absolutely Killing The Middle Class In America

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Pain In The Wallet

By Michael Snyder – End Of The American Dream

All over America, the middle class is dying and poverty is on the rise.  One of the primary reasons for this is the rapidly rising cost of living in the United States.  The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are.  In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point.  We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year.

One of the most frustrating things for me personally is the rising cost of health insurance.  Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.

Just recently, I got a letter informing me that my health insurance premiums would be going up by close to 20 percent in 2016.  That is on top of an increase of more than 30 percent in 2015.  Sadly, the exact same thing is happening to millions of other families all over the nation.  The following comes from TruNews

The Obamacare increases for 2016 have been released. Premiums will increase 3 times faster than officials claim.

Every state is different. Every insurer is different. New Mexico residents, for instance, can expect increases of 8 to 40 percent for the second-lowest cost silver plan. But for people in other states, including Arkansas the cost will increase less than 4 percent. Overall the average increase is 20.3 percent, according to analysis by The Daily Caller News Foundation, instead of the 7.5 percent originally asserted.

And of course it isn’t just health insurance.  Every time I go to the grocery store I am stunned by the prices.

They often try to hide the price increases so that we will not notice them.  Sometimes when I go food shopping I notice that some of my favorite things are “on sale”, but the sale prices are what the old “regular prices” used to be.  And food companies just keep shrinking package sizes, but the amount we have to pay stays the same or goes up.

Unfortunately, our food dollars are never going to stretch any farther than they do right now.  Thanks to erratic global weather, food prices are quickly moving higher.  In fact, according to the Crux global food prices just rose by the most that we have seen in three years…

Continue reading at End Of The American Dream: Pocketbook Pain: The Rapidly Rising Cost Of Living Is Absolutely Killing The Middle Class In America

About the author:

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.

Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream

Read his new book The Beginning of the End

Filed under: Economy, News/ Current Events