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When the economy is doing well, pawn shop inventories tend to go down because people aren’t pawning much stuff and there is lots of buying going on.
But when the economy is not doing well, pawn shop inventories tend to go up because people are pawning lots of stuff for fast cash and there aren’t as many buyers as there were during the good times.
So what are we seeing during the early stages of 2024?
One pawn shop owner that was recently interviewed by USA Today admitted that he has “a glut of inventory” right now…
Pretty much every poor person should be able to clearly see how disastrous Biden's occupation of the White House has been for them personally.
Thanks, Joe Biden! The Wall Street Journal ran a story yesterday headlined, “Russia and China Double Down on Defying U.S.” I would just like to take a moment to point out, don’t cancel me, that Russia and China were always adversaries until Joe Biden invaded the White House. Just saying.
Days after Joe Biden “urgently” called President Xi on Friday — for the first time since 2022 — and warned the Chinese leader to stop helping Russia or else face sanctions, and we mean it this time, Russia and China yesterday publicly pledged to “deepen their growing alliance and shared opposition to what they describe as the U.S.’s attempts to dominate the world order.”
While NATO leaders increase their deranged threats to supply another $100 billion to Ukraine and even send NATO troops there, Russia and China are sending a clear message that Russia will not face NATO alone in the event of a direct kinetic conflict. That is a clear message that, unfortunately, Joe Biden cannot hear, since the batteries in his hearing aids have run down.
In the aftermath of Joe’s sanctions catastrophe against Russia, which just poured jet fuel into Russia’s economy while leading the United States’ economy to the brink of a tall cliff, the Biden Administration’s threats to sanction China seem particularly hollow:
Treasury Secretary Janet Yellen repeated Biden’s concerns during a visit to China this week, telling officials that Chinese companies that aid in Russia’s military procurement “will face significant consequences.”
Please, no more significant consequences. I don’t know how many more “significant consequences” we can take.
What’s most appalling is that our governing apparatus is visibly willing that to happen. When Barack Obama warned America to not underestimate Joe Biden’s ability to fuck things up, was that some kind of joke? After all, it was Mr. Obama and his fellow blobsters — the cabal of Intel spooks, covert Marxist bureaucrats, lawfare ninjas, globalist megalomaniacs, post-liberal think tankers, weapons grifters, degenerate billionaires, and assorted mentally-ill camp followers — who inflicted Joe Biden on the body politic. And then ran him on the country like some demon algorithm designed to wreck the USA as fast as possible. ...
And how did the opposition to that epic divergence into bad faith turn so flabby? How did the Republican Party roll over and wheeze so feebly while the FBI ran amok swatting grandmothers in dawn raids, and the US attorney general made justice a whore, and a Republican Congress allowed the Frankenstein agency of Homeland Security to flood the country with its enemies and give them gobs of operational cash? If Mr. Trump was unappetizing to them as a leader, why were they unable to produce an alternative figure of standing and stature at least equally resolute? They look like traitors and cowards. ...
Meanwhile, prepare for action. It’s obvious that the enemies of the people don’t intend to rest. They are going to try to play out this string to the last move because otherwise a lot of them will be going to jail, or might even hang for their wickedness. Once they turned criminal, there was no turning back. They have dishonored themselves and they’re trying to dishonor their country.
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https://www.bbc.co.uk/news/world-us-canada-58252174?source=patrick.net