In the UK and elsewhere around the world people have seen a rapid decline in their standard of living.
A recession in the UK is expected to potentially wipe out 8 years of living standard growth, potentially reducing standards by 7% which could come in different forms depending on where people cut back. Already they are struggling with their energy bills, food bills, and more.
There are millions of people facing this reality around the world as countries one by one learn the difficult lesson of what can go wrong with centrally manipulated fiat currencies. Is the entire situation to blame on the pandemic? That's just one narrative.
The inflation increasing has pushed more people into poverty and is working to erode the middle class in many ways as more people fall and struggle to afford only the basics to survive. Some of those countries seeing the highest inflation are seeing millions of people struggling just to eat, it has become a humanitarian crisis with billions around the world struggling to live a comfortable life and afford what they need.
Meanwhile, how much is being spent on war in Ukraine?
How many will continue supporting the wasteful spending toward destructive and self-perpetuating foreign policy, that arguably only breeds more violence, while they're pushed further into poverty? The cost of living is a crisis for many and a top issue with millions of people today who want to know what hope there is for things to turn around in the way of affordability.
As things continue to decline it doesn't seem to paint a positive picture of confidence for those institutions that have tasked themselves with allegedly working to try avoiding these sorts of problems.
Pics:
pixabay
This is not financial advice
Sources:
https://www.mirror.co.uk/news/politics/jeremy-hunts-autumn-statement-live-28512352
https://www.cnn.com/2022/11/22/economy/oecd-economic-outlook-november/index.html
https://www.theguardian.com/uk-news/2022/mar/23/uk-living-standards-fall-sunak
And as people shift to crypto, the control freaks will ramp up their clamor for "safeguards" and "regulations" despite the failures in their own systems.
Why should the excessively rich worry about this? Why would they care? It's always more important to these folks to continue the war on humanity to get more of what they want. The Love for the Power of Money is too deeply rooted in the sick egos.
It's 38 years now i started asking people to come together and stop paying income taxes and creating a fair monetary system. But hey... again, why would the excessively rich care about this, if only to make sure it never happens?
Why is people's standards of living dropping?
We already paid for all the houses. Why is everyone still paying the bank for what has already been paid for?
And i really dislike the comparison of war spending and people starving.
Money spent in one place does not mean it could be spent in another.
This kind of choice only exists on a personal level, while there are stores with stuff on their shelves, in excess.
Money does not feed people, food feeds people.
And if we want to feed people, we need to grow more food.
And it would be best if we had the hungry people grow their own food.
But now we get back to where we started.
The banks
who own all the land, and the new generation of people have to outbid all that have come before them to have a piece of land, upon which they could grow their own food.
BUT! This destruction of the middle class was planned. Every piece of it.
😎