These Last Days News - November 5, 2024
URGENT: Forward a link to this web page to your clergy, family, friends and relatives.

30 Years of Inflation Crammed Into Less Than 18 Months...

DESTRUCTION OF THE WORLD MONETARY SYSTEMS
"You will understand and broadcast the message to the world that there will be a great destruction in the monetary systems of the world. It will affect both the United States and Canada, and all the great powers of the world. And I repeat again: You will go to your stores to do your shopping carrying papers which may as well be newspapers, for the value they will have to purchase even food will be nil.
    How can a great country like the United States fall, you say, My child? You ask Me in your heart. I read your heart. I will tell you why. Because they have given themselves over to satan. When a country has lost its morality and seeks the pleasures of the flesh, giving over, themselves over, to all manner of abominations, like homosexuality, and condoning this up the highest courts of the land, then that country shall fall." - Our Lady, November 1, 1985

The above Messages from Our Lady were given to Veronica Lueken at Bayside, New York. Read more

EconomicCollapse.report reported on November 3, 2024:

By Richard Stern

Make no mistake, the recent scourge of inflation and high interest rates has been a heist buried beneath economic jargon.

It has transferred a tremendous amount of wealth from hardworking Americans to the federal government.

The root cause of this disaster—reckless government spending and money-printing—should serve as a reminder that the federal deficit is the bank robber, the Fed is the getaway car driver, and you are the bank.

The past few years have seen consumer goods prices increase more than they had in the prior 30 years, while staggering price increases for construction materials have helped push homeownership out of reach for tens of millions of Americans.

This whirlwind of economic horrors comes from the combination of dramatically expanding government spending and a Federal Reserve willing to print enough money to paper over deficits with inflation.

Since the beginning of COVID-19, the annual level of federal spending has increased 45%, while the Fed has increased the money supply by 37%. Spending newly printed dollars in this way doesn’t magically create new goods and services. Instead, it has created the classic recipe for inflation; namely, more dollars chasing fewer goods and services.

This policy has inflated away nearly 20% of the purchasing power of the dollars in your paycheck and bank account.

Consumer goods price increases from October 1990 through January 2021 ran about the same as the increase from January 2021 through June 2022—roughly 14.3%. In other words, about 30 years of price increases thrown at households in less than a year and a half. To make matters worse, the increase in construction materials prices has been even larger, 26.4% since President Joe Biden took office.

No wonder house prices have soared over the past few years. While this does increase the equity of current homeowners, it also tends to lock people into their current homes and box young families out of owning a home altogether.

When the government runs a large deficit—as it is now with over $2 trillion in annual deficits—the Fed has a choice: It can print money to accommodate and soak up the new debt, creating a ticking time bomb of inflation, or it can leave the money supply unchanged and allow federal deficits to crowd out private access to funding, sending interest rates through the roof as money becomes scarcer.

That leaves prospective homeowners without financing to buy a home and leaves businesses without investment capital to expand operations and create more jobs and goods and services.

With inflation rapidly climbing early in 2022, the Fed chose the latter. By pushing interest rates higher, the Fed didn’t alleviate the burden of high levels of government spending. It simply shifted the pain of the burden from runaway inflation to runaway interest rates, exacerbating the worsening financial picture for American families.

Mortgage rates soared from around 2.8% in January 2021, when Biden took office, to over 7.5% by October 2023. The Fed, on its own, couldn’t remove the burden from American families, it could only choose the type of burden.

That has left homeownership less affordable than it has been for generations. In January 2021, first-year interest costs on a typical new mortgage were around $8,200, or 16% of a full-time median worker’s annual pay when President Donald Trump left office. Today, it’s around $21,900, consuming more than 36% of a full-time median worker’s annual pay.

This bludgeoning will, tragically, have lingering effects as well. Today, a new mortgage on a median home will cost $320,000 more in just interest costs over 30 years than that of a mortgage from the end of 2020—a tremendous 257% increase in total mortgage interest costs.

If a new homeowner were able to, instead, keep this money and invest it over the same 30-year period, he or she could easily have more than $1 million more saved up for retirement.

The cost of the inflation and interest rate surges have levied a truly crushing burden on the backs of hardworking American families that will likely echo through generations to come.

Be sure to email this page to all your friends.

GATHER YOUR GRACES
"You cannot accept two masters. One you will love, and the other you will learn to hate. And remember, My children, where your treasures are, your heart will always lie. And better that you gather your treasures in a place where there is neither rusting, nor attacks by moths, and robbers cannot take them from you. Store your treasures in Heaven, My children. Gather your graces. You must ransom your soul and the souls of your children, your households. Do not wait expecting to be repatriated at the last moment, My children. Many are coming across the veil unprepared, and, sadly, they cannot be accepted into the Kingdom." - Jesus, August 5, 1977

We urgently need your prayers and financial support to be able to continue to create these web pages. Click here... Thank you in advance.

Wars are a punishment for man's sins. Abortion, homosexuality, and the changes in the Catholic Church cry out to Heaven for just punishment.
When you pray the Holy Rosary, you have Our Lady's hand in your hand. When you pray the Holy Rosary, you have the power of God in your hands. Start now! Let's All Pray the Rosary that Our Lord and the Catholic Church to take great action against those who subvert Church teachings... Click here...

The Virgin Mary's Bayside Prophecy Books are Now Available in E-book Version. Click Here Now!

Our Lady of the Roses Awesome Bayside Prophecies... https://www.tldm.org/Bayside/ These prophecies came from Jesus, Mary, and the saints to Veronica Lueken at Bayside, NY, from 1968 to 1995.

Directives from Heaven... https://www.tldm.org/directives/directives.htm

D36 - Bishops (Part 1) PDF
D37 - Bishops (Part 2) PDF
D38 - Priests (Part 1) PDF
D39 - Priests (Part 2) PDF
D40 - Infiltrators PDF
D190 - Cardinals, Part 1 PDF
D191 - Cardinals, Part 2 PDF
D192 - Cardinals, Part 3 PDF
D337 - Hierarchy Infiltrated PDF
D579 - Clergy Misleading the Faithful PDF
D580 - False Prophets, Part 1 PDF
D581 - False Prophets, Part 2 PDF
D582 - Leaders Lax and Corrupt PDF
D583 - Churches will Close PDF

The electronic form of this document is copyrighted.
Quotations are permissible as long as this web site is acknowledged with a hyperlink to: http://www.tldm.org
Copyright © These Last Days Ministries, Inc. 1996 - 2024   All rights reserved.
P.O. Box 40                   616-698-6448
Lowell, MI 49331-0040
Revised: November 05, 2024