🔥EMERGENCY: US Food Shortages & Record Credit Card Delinquencies! How to Prepare NOW! 🚨

emergency U.S food shortages and record credit card delinquencies how to prepare now guys our Financial Freedom is at risk what's going on Financial Freedom Fighters we've got some eye-opening information that's about to shake your world ever felt the Panic of food shortages and Senior potatoes stuck in muddy fields ever had that cold sweat when your credit card gets declined for no reason well hold on to your hats folks because what I'm about to drop is a roller coaster of Revelation we're diving deep into the mystery of food shortages credit card delinquencies and yup you heard it an amoxicillin shortage but don't worry guys I'm gonna drop the latest the hottest preparation advice for you guys so that we can secure our Financial Freedom all right have you been wondering about the bricks refusing the Mighty Dollar and the looming Shadows of student loan payments curious about how the retailers are facing the music with the whole credit card delinquency deal you heard what's going on with Macy's right well brace yourselves guys because I'm gonna go ahead and peel back the layers of inflation living expenses cost of living and how all of this is spiraling into the perfect storm and hey don't forget to hit the like button for the video and hit that notification Bell so you don't miss out on future videos alright and comment down below what are you guys doing to prepare yourselves financially especially for the days ahead remember guys we're in this together so let's go ahead and dive in all right so U.S food shortages and record high delinquencies on credit cards have you guys heard about this so Ohio residents are saying that their potatoes are stuck in the middle of muddy and icy fields Cisco the national distributor of food they're issuing food shortage alerts this is serious guys all sorts of shortages in the medical field and of course U.S credit card defaults reaching a record high now these are just some of the things that I've been hearing about let me know if you guys can confirm on any of these things or if you have any updates from where you happen to live now what I have been able to confirm though is that there are definitely a lot of signs of an economic slowdown that's coming here check this out but but in general though there are a lot of pressures in the US economy we don't know at this stage whether the government's going to shut down this weekend we know the resumption student loan payments are going to hurt consumers we're looking at the highest 30-year fixed rate mortgage rates since the year 2000 slowing down the housing market and make it more difficult for consumers so we can see a Slowdown coming there are a lot of signs that the economy is going to grow more slowly and and the real question is you know can interest rates begin to come down to reflect that or are we going to have more of a hard Landing um because interest rates were just too high in the selling economy I tell you guys the one percent listen to economy GDP news and the average Joe they will listen to the agricultural news more and more now I think that's really more relevant to our lives on a daily basis so it's really good to have a reliable source of information and this is why we have this channel our Financial Freedom fam right here on YouTube so make sure you do not forget to subscribe to the channel and make sure your notification Bell is turned on so you know the first place that's always the first to feel the food shortages food pantries and right now a lot of food pantries are experiencing their worst ever food shortage due to the economy inflation and of course the high cost of food there's been a decline in food for the food bank from the USDA over the past year now according to this for the past two months they've been getting more food which is perfect timing because they're also seeing an increase in the number of neighbors who are in need of food so it kind of just breaks even or at least you know close to break even as they're used to now the community Pantry used to be stocked with tons of food but for more than six months there's not enough food for everybody to get what they needed they started growing their own vegetables and also helping community members grow their own garden by providing seeds and starter plants now they're also asking people to help out like get into your pantry look at the macaroni and cheese or that thing of spaghetti that you haven't eaten in like two years and you're probably never going to eat put that in a box and bring that over to them things are getting tough out there folks and I'm worried that the U.S situation may actually get a little bit worse so I was at Dollar General last night to buy a few items and I went to check out and my bank card got declined no idea why because you know there was plenty of money in the bank account I do have a second account so I ended up using that one to pay for the items so I got home to check why and I found out that my purchase of snack items was flagged as fraudulent and locked up my account what the heck so thankfully I have the backup bank account and I do always carry cash but just imagine if I I didn't imagine if I didn't have cash imagine if I didn't have a backup bank account imagine if I truly needed those items and I was on a road trip or something like that my son had a similar experience this week as well so definitely keep that in mind guys always have a backup matter of fact have a backup for your backup so Us credit card debt recently hit a record one trillion dollars and research shows that 42 percent of college students are a large part of that number Financial experts say that we're seeing more and more people struggle with their finances and they're using credit cards for basic living expenses college students across the United States they're saying that they're struggling to keep up with their credit card payments in fact more than four in ten college students they're saying that they're trying to pay off some type of credit card debt experts say it's because their balances have largely increased especially since the aprs for people who don't have a credit history they tend to be higher and college students fit right into that category but it's not just college students that are in a bind with debt in the United States credit card and car loan defaults are also recently hitting a 10-year AI inflation squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis back in 2008 and those bills are going to be even harder to pay off with interest rates that are possibly rising in the next fed meeting not to mention the moratorium on student loans that are expiring you got low and middle income earners they have been especially hit hard by Soaring prices on pretty much everything from rent groceries and new and used cars and so this year credit card delinquencies have hit 3.8 percent meanwhile 3.6 percent have defaulted on their car loans both figures are the highest in more than 10 years guys people are having to make some tough decisions out there whether it's to pay their credit card bills their rent or even buy groceries and people are even opening new lines of credit there are 70 million new credit card accounts open now then before the pandemic in 2019 and credit card debt surpassed one trillion dollars for the first time time ever this year according to the New York Federal Reserve and yeah you know even the experts are saying that they've sped way past normal and these growing delinquencies are very concerning for them too and this is even before student loan payments kick in not to mention you got the holiday season which is upon us industry experts are concerned that consumers will rack up even more debt on top of their Rising energy bills particularly as the cold weather kicks in and the cost of heating homes rashes up you know what I'm saying you know those gas bills are always way higher in the colder months then we got retailers like Macy's Kohl's and Nordstrom they have also called out Rising delinquency rates among their customers who have private labels store credit cards Macy's acknowledged that its store credit card delinquency rates were Rising faster than expected other retailers like Footlocker have blamed disappointing Financial results on consumer softness and about those student loan payments estimates say they're about to drain about eight billion dollars a month from customers and spending will start Contracting early next year year now if all 27 million borrowers in forbearance start paying back their student loans again Fitch estimated that would amount to 5.5 billion dollars to 8.2 billion dollars monthly reducing real consumption growth by anywhere between 7 to 10 basis points and so that means real consumer spending will contract by about 0.8 percent in the first quarter of 2024 and by three percent in the second quarter this is going to be reversing from the estimated growth of three percent and 1.2 percent in the third and fourth quarters in 2023. big problems guys so as you know the loans were put on pause for the past three years the Biden Administration has offered a repayment plan that will give some Americans zero dollar payments but Fitch predicted that the student loan delinquency rates would probably climb toward pre-pandemic levels very quickly come October oh yeah October is going to be a big busy month the resumption of student loan payments also comes at a time when eighty percent of excess savings accumulated during and the pandemic have been expended meanwhile other forms of debt are piling up brics Nations have also said that they're not going to be continuing to accept the U.S dollar I mean I can't really blame them for that so how is the U.S going to pay for the oil Pharmaceuticals and other necessities from China India Saudi Arabia and all the other brics countries if they're going to be like sucking all their money out of the U.S economy on top of all this or is everything just going to stop coming in you don't really hear anybody in the government ever mention this President Biden was worried about manufacturing ships here but not medication and he continues to shut down domestic oil production now speaking of amoxicillin is facing a record shortage heading into the 2023 flu season the amoxicillin shortage here in the United States it has been in effect for nearly a year now as the most commonly prescribed antibiotic for children amoxicillin is often used to treat bacterial infections including pneumonia bronchitis and of course infections of sinuses ear throat skin and urinary tract but in a recent study published in the journal Pediatrics a group of Physicians from Boston Children's Hospital determined that since the shortage began the odds of a child being prescribed amoxicillin for ear infections has plummeted by 91 percent I mean you can't really prescribe what your patient Can't Get Right now the problem is much of the amoxicillin Supply is made overseas specifically a vast majority of the active pharmaceutical ingredients used to make amoxicillin comes from China and India two countries that are major parts of the brics alliance by the way coincidence well I'm gonna let you guys answer that another related shortage is the lack of health care workers that we've been facing and experts fear it's only going to get worse as the Aging populations need for Health Care grows retirement and burnout are both driving a lot of health care workers out of the field so we've basically got yet another U.S crisis that shows no sign of stopping and this covers a whole wide range of jobs the Bureau of Labor Statistics projects that the country will face a shortage of 195 400 nurses by year 2031 and that the number of openings for home health aides and personal health aids will increase 37 percent by 2028 but shortage couldn't be felt more than among Physicians the country is expected to suffer a shortage of up to 124 000 physicians in the next 12 years and that was 2019 before we got hit by the c-19 pandemic which by the way I can assume probably burned through a lot of doctors and health care workers on its own and according to the American Medical Association when people don't have access to routine primary care and preventative Services they live sicker and they die younger honestly makes sense though right plus with America's aging population demand for Physicians is just growing faster and faster in fact faster than Supply can handle in other words the pool of people who need care is expanding more quickly than the ranks of doctors who can actually treat them see there are about 55.8 million people age 65 years old and older here in the United States by 2034 they're predicting there will be 77 million the number of licensed physicians in the country is also Rising by almost 20 percent over the past decade but that Workforce is also getting older in fact almost half of the working physicians in the United States are 55 years old and older and 35 percent of the physician Workforce will reach retirement age within the next five years so yeah a lot of shortages right now guys and it looks like there's going to be even more on the horizon it definitely pays to stay updated on the latest news so you guys you and your family can prepare and stay safe appreciate you guys y'all be well out there