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Click On Picture To See Larger PictureThe US labor is weakening, job postings are declining. Low income households are getting hit harder with inflation. The market dropped over 500 points, Citibank is now predicting a 10% drop. The [CB] started the ball rolling. Trump pushes towards no income tax for all. The [DS] knows [KH] will not be able to pull this off. They are now implementing the October surprises but they are failing, the people are not believing it. DHS is now working with the five eyes to protect the country against cyber attacks, which means they working with five eyes to push a cyber attack. One of the locations for a cyber attack is most likely Atlanta Georgia, there is a cyber training scheduled on election day. The stage is set, the people want paper ballots, voter id and one day counting.
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Economy
https://twitter.com/KobeissiLetter/status/1849426959459082276
vacancies reached their pre-pandemic levels seen in February 2020. Meanwhile, US job openings reported by the BLS jumped by 329,000 from July to August to 8.04 million. Data provided by Indeed is more current than the BLS-provided series, which suggests US job openings will fall in the coming months. The labor market is still deteriorating.
https://twitter.com/KobeissiLetter/status/1849126264067547208
above the national average. This is primarily due to housing and food accounting for a larger share of their expenses. Meanwhile, the top 20% of households by income have been experiencing lower inflation than the national average since 2021. Basic necessities have never been more expensive.
https://twitter.com/KobeissiLetter/status/1849224996993872217
and housing. Food prices in the US reached a new all-time high in September and are up 22.5% since 2021. While we have had a period of disinflation, prices are still rising. Inflation has left many Americans struggling.
https://twitter.com/KobeissiLetter/status/1849450952622805461
of both existing and new homes fell 1.6% to their lowest level since December 2023. Meanwhile, the median home sale price rose 3.9% to $428,212 in September, near its all-time high. The housing market is frozen.
Yellen Says Taxpayers Can Cover the US Deficit
Yellen said that IRS agents plan to collect $2 trillion in unpaid taxes, surpassing the measly deficit. I do believe some think that statements like this mean the government is going to hunt down major corporations and billionaires. That would not be ethical either, but records show that the main group audited last year was the middle class. This way of thinking is extremely dangerous. The US government is desperate for funds and they MUST shake down their citizens to recover what they can. It’s a canon event in the rise and fall of civilizations – soaring taxes are a guarantee when dealing with the eventually fall of a nation.
Last year, billionaire class was not targeted, as 80% of all audits were on filers earning under $1 million. Yes, there are far more taxpayers in the middle and lower brackets. However, the IRS merely claimed they would prioritize hunting higher earners; they never explicitly said they wouldn’t come after ALL Americans.
Source: armstrongeconomics.com
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