4 Really Big Names That Are Warning That Major Economic Disaster Is Ahead
Francesco Abbruzzino, The Uncensored Report, LLC
I hope that you are enjoying these beautiful summer weekends while you still can, because it appears that very troubled times are dead ahead. Simultaneously, inflation continues to spiral out of control even as economic activity in the U.S. dramatically slows down. Many have compared what we are currently experiencing to the “stagflation” of the 1970s, but the truth is that what we are facing will eventually be so much worse than anything that we went through back then. A meltdown of historic proportions is here, and as you will see below, some of the biggest names in the entire country are talking about it.
On Monday, the average price of a gallon of gasoline in the United States set another all-time record high…
The gas price spike keeps getting worse.
The national average jumped to $4.87 a gallon on Monday, according to AAA. That’s up 25 cents in the past week and 59 cents in the past month.
There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest being Michigan and Indiana. Washington, DC, is also above $5, according to CNN.
A 25 cent increase in one week is just insane.
If we continue on this trajectory, the price of gasoline would go up about a dollar a month.
I can’t imagine that will be the case, but stranger things have happened.
Overall, the average price of a gallon of gasoline in the United States has now more than doubled since Joe Biden entered the White House.
How high will it be a year from now?
For a long time I warned my readers that the price of gasoline would eventually hit ten dollars a gallon, but now we have learned that it is already almost there at one gas station in California.
Meanwhile, U.S. economic activity is really slowing down and we are being warned to brace ourselves for the worst.
In fact, at this point some of the most prominent people in the entire country are starting to sound like they could be writing for The Economic Collapse Blog. The following are four really big names that are warning that major economic disaster is ahead…
#1 If you have a “bad feeling” about the U.S. economy, you are not alone. Elon Musk says that he has a “super bad feeling” about where the U.S. economy is heading, and so he intends to reduce the Tesla workforce by approximately 10 percent…
Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.
The message came two days after the world’s richest man told employees to return to the workplace or leave the company.
#2 I never imagined that I would write about something that rapper Cardi B said on this website, but that is precisely what I am about to do. At one time she was a huge Biden supporter, but on Sunday she publicly suggested that the U.S. economy is about to enter a recession…
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