(The Economic Collapse Blog)—The economy is the number one political issue in America right now, and it isn’t because the economy is doing well. The long-term economic collapse that I have been writing about for years is playing out right in front of our eyes, and it is going to have an enormous impact on the outcome of this election. But don’t just take my word for it. Survey after survey has shown that U.S. voters are extremely concerned about the direction that the economy is heading. For example, the following comes from a Gallup survey that was released earlier this month…
The economy ranks as the most important of 22 issues that U.S. registered voters say will influence their choice for president. It is the only issue on which a majority of voters, 52%, say the candidates’ positions on it are an “extremely important” influence on their vote. Another 38% of voters rate the economy as “very important,” which means the issue could be a significant factor to nine in 10 voters.
Voters view Donald Trump as better able than Kamala Harris to handle the economy, 54% versus 45%. Trump also has an edge on perceptions of his handling of immigration (+9 percentage points) and foreign affairs (+5), while Harris is seen as better on climate change (+26), abortion (+16) and healthcare (+10). The candidates are evenly matched on voters’ impressions of who would better address gun policy.
Countless other surveys have told us the same thing.
The American people remember what life was like before the pandemic, and they desperately want to have that back.
In particular, U.S. voters have become deeply frustrated with the cost of living…
“It’s inflation, stupid!” wrote Bernard Yaros, U.S. lead economist at Oxford Economics, in an October 24 report, borrowing from political strategist James Carville’s famous coinage. “Inflation is the foremost issue voters are concerned about, and how it is perceived will determine the election.”
The Biden administration is being blamed for this inflation crisis, and that is going to cost Kamala Harris millions upon millions of votes.
At this moment, demand at food banks is off the charts in many of the key swing states that Harris desperately needs to win.
In Pennsylvania, we are being told that demand “is actually as high as it was at the peak of the pandemic”…
Joe Arthur, who runs the Central Pennsylvania Food Bank, told NBC News the current problem is “a hunger crisis.”
“The need that we’re seeing in our localities is actually as high as it was at the peak of the pandemic, yet there are less resources for those families today.”
At one food bank in Michigan, demand is actually “significantly higher” than it was during the pandemic…
One truck can carry enough food for up to 600 households, but some days even that isn’t enough to meet the demand, which has gone up by 18% over the past 12 months, said Ken Estelle, president of Feeding America West Michigan.
“We have never seen this level of need in the 43 years we have been serving this community. It is significantly higher than during Covid and has pressed us beyond our capacity,” said Estelle. “We’ve just seen this drumbeat increase every month of more people and more people.”
And at one food bank in Wisconsin, demand has more than doubled since 2022…
In the relatively affluent Milwaukee suburbs of Waukesha County, Wisconsin, Rochelle Gamauf said each week she is seeing new faces at her food pantry, Friends With Food, which she started during the pandemic.
The organization has gone from giving out around 420,000 pounds of food in 2022 to over a million pounds in 2023. On a recent week in September, nearly 400 families came through the door, 48 of whom were coming for the first time — a 50% increase in new families compared to last year, she said.
This is the biggest reason why Donald Trump is leading in the polls in all three states.
A lot of the people that are going to these food banks actually have jobs. But they aren’t earning enough to keep up with the rapidly rising cost of living.
If you go to the grocery store and you completely fill up your cart with food, it is going to cost you hundreds of dollars. 25 years ago, I could fill up an entire grocery cart for less than 50 bucks.
Inflation is a hidden tax on all of us, and it is suffocating millions upon millions of households all over the country.
Of course the Biden administration insists that everything is just fine.
For months, the government has been releasing numbers that look great initially, but later they are revised dramatically lower.
Let me give you an example. Last month we were told that job openings were rising, but now we have learned that they are actually plunging…
Last month, when Kamala Harris still had some chance of winning the election, we were not surprised to learn that according to the extremely political Bureau of Labor Statistics, in August the number of job openings unexpectedly soared from an upward revised 7.7 million to 8.040 million, which was not only a 3-sigma beat to expectations, but was also above the highest Wall Street forecast. Fast forward to today, when Kamala’s chance of winning are effectively zero – as even the suddenly apolitical Jeff Bezos now admits – and shockingly moments ago the BLS reported that in September, the number of job openings plunged from over 8 million to just 7.4 million, the lowest since early 2021…
This kind of thing has been happening over and over again.
The American people are sick and tired of being fed fake numbers when they can see that economic conditions are clearly deteriorating all around them.
Our standard of living has been steadily declining for years, and most Americans are just barely scraping by at this point.
I am entirely convinced that most of the experts will be completely shocked by the outcome of this election, and our imploding economy will be the number one reason why so many unexpected voters come out of the woodwork.
Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
