Called By Christ To Be ONE: Biden's economic policies trigger large … contraction!

Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!

Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!

Today, America is being ground to powder because of it's SIN against God!

Thursday, May 26, 2022

Biden's economic policies trigger large … contraction!

'Inflation continues to run near a 40-year high'

By Bob Unruh
Published May 26, 2022 at 1:57pm

Joe Biden's economic policies already have triggered massive inflation – the highest in some 40 years – with the most recent assessment at 8.3%.

That's actually less than the wholesale inflation which was estimated recently at around 10%.

Then there's the cost of gasoline – up not by pennies or nickels per gallon – but by dollars.

Food, too, is a problem, with some products on shelves now with prices 20%, 30% and more higher that just last year.

Now Fox Business has confirmed the U.S. economy contracted 1.5% on an annualized basis in the first quarter of 2022.

That's according to data from the Bureau of Labor Statistics, and it's worse than the 1.3% that had been expected by economists.

"The contraction was partially attributed to the nation spending more on imports from other countries than it did on U.S. exports," the report said. "The trade gap slashed first-quarter GDP by 3.2 percentage points. Also contributing to the weakness was a slower restocking of goods in stores and warehouses, which had built up their inventories in the previous quarter for the 2021 holiday shopping season, knocking nearly 1.1 percentage points off the January-March GDP."

The report cited inflation under Biden's actions at "near a 40-year high," as well as the 8.3% inflation, meaning American workers, unless they are getting raises of 8.3%, are actually able to buy less than just months ago.

Are Biden's economic policies triggering inflation?

"Prices jumped 0.3% in the one-month period from March. On a monthly basis, average hourly earnings dropped 0.1% in March, when accounting for the inflation spike. On an annual basis, real earnings dropped 2.6% in April," the report explained.

Economists recently told the Federal Reserve Bank in Philadelphia they now think the GDP will grow 2.5% for all of 2022, but that's down from the 4.2% estimates from just months ago.

And, the report said, the Congressional Budget Office is warning consumers inflation will stay high, at least for the next year or longer.

Economists are warning that Biden's policies are likely to lead to a recession.

https://www.wnd.com/2022/05/bidens-economic-policies-trigger-large-contraction/

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