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Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy [[link removed]]
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The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation.
U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF.
“It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well.”
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NOTABLE QUOTES
Elon Musk 5/2/24 X post: “Proposed law: if someone tears down the American flag and puts up another flag in its place, that person should get a free (but mandatory) one-way trip to that flag’s country. I’m not saying they can’t come back, but they have to experience that country for some period of time before returning.”
Melanie Phillips a British journalist and author: The significance of these campus insurrections is far greater than support for Hamas or even murderous hatred of the Jewish world. The universities have become ground zero for the Muslim Brotherhood’s strategy of Islamizing the west.
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