American Families $7,400 Poorer Since Biden Took Office

Courtesy of Newsd.co

“You cannot spend, borrow, and print trillions upon trillions of dollars and not expect negative consequences,” said Heritage Foundation’s EJ Antoni on Steve Bannon’s War Room February 2. I think the Marxists both in and outside America do expect negative consequences. This is how they plan to force in a digital currency and their globalist dystopia of no private ownership and increased poverty, described and advertised by them so many times.

Between the Federal Reserve raising interest rates and the other disastrous economic policies of the illegitimate Biden regime, American families are on average $7,400 poorer this year than when Biden took office.

“[Antoni:] The sins of the past always catch up with you, be they moral or monetary. And that’s exactly what we are seeing today. The average family, for example, has lost $6,000 in purchasing power. So in other words, even though their salaries—their wages—have been going up, prices have been going up even faster. And so they can effectively buy less today than they could when Biden took office. But on top of that, now that the Federal Reserve is belatedly raising interest rates, that’s adding to borrowing costs on everything from credit cards to student loans, from mortgages to auto loans, that’s another $1400 that the average family has lost. That’s $7,400.”

As Steve Bannon put it, “Spending is a tax” on average Americans. Even single people are finding they can no longer afford their rent, let alone families. But the Biden regime doesn’t care as long as the elites stay rich and usher in a new world order of authoritarian control.