Unbelievable financial collapse in America
"According to CBS News, on average U.S. households must now spend an extra $11,434 per year just to maintain the same standard of living that they were enjoying when Joe Biden first entered the White House…
"The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data."
This is insane."
My comment: Can you believe this? 11 434 dollars is about 116 979 Swedish crowns. Over hundred thousand Swedish crowns. In one year alone! Many doesn't even make so much money over the span of one year. I get, as a disability pensioner, only 48 000 kroner in one year. 116 979 crowns is more than double the amount that I get for one year. And this has happened only in three years in America! If this pace continues, linearly, they will soon spend 300 000 dollars more annually just to maintain the same standard of living they enjoyed in January 2021. That would take us to about 2030. Can this really happen? The truth is that the rise of costs is exponential, not linear, so it will happen even sooner. Something has got to break then. The US cannot afford that.
Things have happened so fast. I have trouble keeping up with this pace of change. And the pace will pick up speed, exponentially, in the future. Snyder writes in the same blogpost:
"Virtually everything that Americans spend money on regularly has skyrocketed during the Biden administration."
This is in the centre of the global economy, US is the biggest empire of the world. What then in the fringes? In poor countries? Countries that nobody cares about and never speak about? Countries like Burma and Bulgaria, Mongolia and Macedonia?
