Joe Biden may be celebrating his historic achievement in reaching an inflationary milestone previously set by Jimmy Carter, but the working class is paying the price for their economic stupidity.
The Bureau of Labor Statistics releases the November inflation rate today [DATA HERE] showing another rise in the annualized rate of inflation of 6.8 percent. As you review the data, ask yourself this question: ‘Is there anything in the current economic landscape to indicate this is going to stop?’ The honest answer is no. Here’s why…
As the BLS accurately (albeit briefly) notes, their inflation data reflects the cumulative increases in costs of products and services at all stages in the supply chain. Raw materials cost more (extraction, regulation impact), processing costs more (energy impact), transport costs more (fuel impact), final goods assembly costs more and handling costs more. From field-to-fork or mining-to-showcase, the total cost to create stuff costs more. [AP Interactive Chart]
Yes, the inflation data is backward looking. Meaning, it is looking back toward the previous period to compare costs. However, despite the White House protestations to the contrary, that’s not a good thing, because it is going to get worse.
The contracted price for goods delivered (depending on sector) are net terms in 30, 60 or 90 days. Meaning, the purchase price on final goods wholesalers are receiving now, were agreed upon months ago. Those terms for current arriving goods are no longer valid. The new terms (purchase orders) carry higher costs, and as an outcome higher prices to consumers are still coming.
The AP chart above shows the ascending spike in inflation overall. Do you see that little plateau (mid spike)? That’s June and July of this year, when we noticed the economy overall appeared to have stalled out. As we highlighted yesterday {Go Deep}, that brief plateau corresponds with a gear change internally in the macro economy as productivity dropped by 5% very quickly in the third quarter.
Immediately following that two month plateau around 5%, the next few months of data showed that American consumers, writ large, were reacting to inflation by changing their spending habits. That’s when future contracts for new housing starts stalled out. In the next few months, up to today, all the data indicates working class U.S. consumers are hunkering down with less disposable income and prioritizing spending on essentials: housing, rent, gasoline, food. All else is less than.
In the service sector, specifically hospitality and venue employment, overall demand for services slowed, but the employment data -showing the contraction- remained hidden, because we were climbing out of the COVID lockdown hole. It appeared the service sector was gaining back jobs; but the backward to last year comparison was clouding an actual slowdown in services, because the data was comparing itself to 2020 when services were shut down. Demand for services was down, but we couldn’t really see it.
All of this inflation is being driven by policy. •[1] Energy policy (oil, gas leases nullified & pipelines cancelled) in combination with regulations targeting environmental impacts (CA ports emissions rules) is driving up energy costs. CORE inflation results from this. •[2] Fiscal policy by White House and legislature has been spending like drunken sailors, and that adds to a storm of •[3] monetary policy, with the Fed buying back the debt created by spending, and as a consequence devaluing the dollar currency.
The cost of exporting products is less, because China and the Euro benefit from lower U.S. dollar values. However, more export of raw materials means higher prices domestically in what little remains of the supply/demand influence. The multinationals are making out like bandits, Wall Street is happy, and the middle class of America is once again a victim of economic policy.
First, the DC politicians delivered the “rust belt” to us as an outcome of their favoring Wall Street over Main Street, and now they are wiping out our checking accounts with massive inflation. Remember the oft repeated -and infuriating- catch phrase, “The U.S. is a service driven economy?“, said by both wings of the UniParty? Well, put another way… first they off-shored our jobs, now they off-shore our wealth. This is not an accidental outcome of flawed policy, they are doing this intentionally.
We are being gutted from the inside.
You don’t accidentally stop pipelines, cancel oil leases, shut down refining capacity, change port regulations and then act surprised by saying: ‘whoopsie’ gasoline seems to be costing more? Duh! It’s a feature not a flaw. Many of the people behind Joe Biden are stupid, but they ain’t *THAT* stupid. They know what they are doing, but they have to pretend not to know things in order to avoid the tar and feathers.
Table-1 gives us a good snapshot of how the sector specific prices are rising [data here]:
If you want to go even deeper into the categories, check out Table-2 HERE.
Final points…. This is backward looking data, and there’s nothing visible right now to give any optimism that prices will not continue rising yet again in the next few months. Exactly the opposite is true. There is visible evidence that prices will go up again in December, January and February based on the current situation.
If the Build Back Better legislation is passed, the current rate of inflation will jump even higher after February. If it doesn’t pass, we may plateau again in March and April of 2022 as we did in June/July of this year. However, prices will never drop back, because the devalued dollar status is permanent.
What will change this scenario is an actual drop on the demand side as U.S. consumers see their income values wiped out. Unfortunately, that appears to be part of the policy agenda for the White House. If they can reduce demand by making things unaffordable, they can claim victory over inflation and proclaim their economic policies a success. The downside of their achieving success is we have nothing left, we’re broke.
I can guarantee that the BLS inflation statistics are being deliberately manipulated to keep the reported inflation rate lower than reality. Just like the FBI, DOJ, CIA, FDA, CDC and OSHA the BLS is just another department of the Democrat Party!
They didn’t increase food stamp value by 25% for nothing! I don’t even want to pay my taxes anymore. I’m sick of the lazy asses, and slovenly plebs!
Remember that the purpose of Biden is to reshape Obama’s legacy from going down as the worst president. So having Biden eclipse Carter is a necessary part of that.
The Jimah Carter family is ecstatic moving up from the penultimate position in the list of worst presidents.
And he has three more years to reach higher elevations!
…and he has lots of help.
does he?
I don’t believe he has three more years, Obamy will replace him with who ever replaces Heels Up.
China Joe the walking Cadaver from Weekend At Bernie’s is not going to last very much longer.
Look how long they kept RBG alive! LOL
#FJB
FJB and his bosses Buraq and Xi.
Color me disgusted.
Miss Trump yet?
Welcome to Bidenville …
.
.
A screw that impales when turned to the left. . .
Not likely the artist realized this but a nice accurate touch to go along with the message.
I think the artist knew exactly what he was doing, screwed by the left .
Keen observation, Rex. Artist made the shirt twisted the wrong way so probably never had a clue . .
Lefty-tighty… Righty-loosey???
Starry starry night…
Just get to it!
I like the left hand thread on that screw, nice touch.
Buraqville
Was Chef Boyardee a POC? A dark-skinned Southern Italian? How offensive … Right? The Chef MUST be CANCELLED!! … just like “The Aunt”
Oh! And please cancel Jao Xidinh too …
And Just Like That, Inflation Is About To Disappear?
https://www.zerohedge.com/markets/and-just-inflation-about-disappear
“January 2022 CPI weight update:
Starting in January 2022, weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020. The BLS considered interventions, but decided to maintain normal procedures.”
They don’t realize how bad it looks to have the president take the podium to announce gas prices have dropped 2 cents, whooppee!
For the average car that’s 40 cents. 🙄 And it’s temporary.
Port of Long Beach just posted container stats for November. I don’t see the improvement since Biden put the ports into 24 hour operation. Maybe Sundance can find it. LA usually prints mid month.
Port Statistics – Port of Long Beach (polb.com)
November 362k TEU loaded inbound
October 385k
September 370k
August 407k
Last year November 382k
The democrats were giving the Port of Long Beach to China, but PDJT said no.
IMO There’s no part of the US government that works for the American people.
https://www.universalcargo.com/u-s-forces-china-out-of-port-of-long-beach-terminal-ownership/
Ports in LA never worked 24/7! They have no place to put the containers and certainly didn’t need Biden to tell them to work 24/7. They could figure that out themselves!
Wait till interest rates take off. Unlike the 70’s, the debt was able to tolerate the impact of double digit interest rates. Now with so much short term debt, refinancing at higher rates means either devoting 90% of the budget to debt servicing or default. Or just print money and let inflation devalue the debt. And kill everyone’s savings and retirement funds.
No matter how you look at it, we are about to get another big helping of Malaise.
Better schedule another media summit.
The Brainwashed useless idiot libs and Millennials are about to find out about inflation and that their entitlement socialist programs have real world consequences
1982 was Reagan and inflation had dropped from the 12 or 13% it was under Carter in 1979 and 1980, the last year of his presidency..
History would be your friend. Reagan was handed Carter’s 10% inflation rate in January 1981…
What I said is correct and I lived that time. I never said Reagan did not inherit inflation from Carter. I never said anything like that. While your article is fine, your heading remains inaccurate. You can cancel me but it will still remain the same.
FU 2
Easy please. Use your data and/or words to respond on CTH.
I bet Sundance just waits for you to fact check him,and I second Tom S .
With all due respect OCN, you are misinterpreting the headline. A “milestone” is not necessarily a “record” data point.
That milestone in 1982 was simply a rate that was dropping (thanks to Reagan’s smarter fiscal policies) and happen to hit 6.8 – the same rate as Biden has just hit, but today it’s trending upwards instead of downwards as was occurring in 1982, coming off of the record highs set by Carter in 1980.
So Sundance is merely pointing out that Bidens current HIGH milestone compares to the equivalent rate milestone reached in 1982 that, although occurring under Reagan in a downward trend, was still that high because of Carter’s gross mismanagement from Jan 20 1977- Jan 19 1981.
Instead of bickering over a headline maybe we should place bets on when Biden gives a Nixon style address on wage and price freezes.
Nixon imposes wage-price freeze – YouTube
Yes, and those price/wage freezes were short-lived, fortunately. My gut instinct is that since Nixon’s band-aid policy became a political liability the first time it was used, the DemoCommies won’t take as direct and clear action about it in the foreseeable future. But what they’re now doing is devious and comparatively murky to many unaware folks, but far more devastating than those freezes in the 1970s.
Bidung has to give a speech first where he is wearing a sweater to indicate lowering your thermostat instead of complaining about fuel process ala Jimah Carter.
Im waiting for the fireside chats in a sweater. He may be warm but the American People get an ice water enema.
SD’s headline is exactly accurate – “6.8% and rising”. 1977(Carter) was 6.7% and rising. Most of us understand the significance of the headline being that we are likely to continue along the lines of the Carter years. The comparison to the Reagan years will not occur until Trump(or someone very near like him) is back in.
That picture demonstrates actual inflation for US consumers (the Bidens) vs. the claimed numbers (the Carters).
Tired of groceries soaring. Relieved that nat gas is stabilizing temporarily as the wx warms in Upstate NY after a tough few weeks. Oh, statewide mask mandate announced by revered NY tyra—er, gov Ho’chul! Omicron! ReeeEEEEEeee! In related news, any store that gives me a hard time for breathing whilst shopping will be struck off for life.
I was informed I would be required to wear a mask at an audiologist office because I am not walking-dead-with-the-jab. I’d rather not hear. If THEY are wearing masks I can’t understand what they say anyway.
I love the expression and would like to steal it. .. “give me a hard time for breathing whilst shopping”…
Honest question… when is the vote on the build back broker legislation? When will we know outcome?
I have to admit I cant stomach following it, so if I know a date to keep in mind, I would appreciate someone responding.
Mitch McConnell is giving in to the Dems on raising the debt ceiling. He agreed to a one time fast-track process for Dems to proceed and agreed Republicans won’t filibuster or block Dems in raising the debt ceiling. Chuck Grassley, the only one with common sense at this point, says the Dems have the majority so let them use their own votes and leave the Republicans out of it, but McConnell has 14 Republicans (all anti-Trumpers) on board with him. On the side lines Trump is blasting McConnell, telling him he just gave up his best negotiation tool and fears McConnell will approve the entire Build Back Better deal. Republicans feel BBB paves the way for socialism. On the flip side of this McConnell might be giving in on the debt ceiling in order to save Medicare from BBB???
The BBB is socialism, if it passes we are so screwed.
Grassley still has some people fooled.
Get Roy Moore in the Senate to scare the crap out of China Mitch & the rest of the China owned RINO Senate traitors
FED keep on printing all night long FED keep on printing all night long FED keep on printing all night long. With a heave and a ho.
Music by Aerosmith.
Ahh yes 70s Aerosmith-that was some gritty glorious rock n roll
Train keep a rollin..
Take that retirement money and put it in to tangibles: land, equipment, food producing animals, seeds and garden equipment, a country home far from a “blue” city. I know I keep repeating myself. When I was a little girl, I asked my Grandpa Pop what they did during the Great Depression that I had learned in school. He said, “we went back to the farm and everyone survived”.
Grandparents were born between 1902-1910. My parents were born in ’32. I had the opportunity to ask a lot of questions of my grandparents/parents about the leans years of the depression, WWI, WWII, etc. Their various pieces of advice mostly came back to what you said about land, equipment, and the ability to “do for yourself”.
I also had the chance to learn a lot of depression area recipes that people got so good at to feed a lot of people on next to nothing. I suspect it will come in very handy. My childhood was spent picking, shelling, and preserving the various crops that my grandfathers still grew, so I have that knowledge to help out too.
If you don’t know, learn or find someone to teach you. You are going to need it soon.
Probably the best advice on this thread.
I stumbled on this “Great Depression Cooking” YT channel video by a grandma depression survivor. Very interesting lessons to learn – and not just the recipes. I subscribed.
Hot dogs are not cheap these days and not good for you. A better and cheaper meal is from pork shoulder at $1.99 a lb right now, potatoes $3.50 for 5 lbs and cabbage about $1.00 a head. Salt, pepper, caraway seed and garlic, roast for a couple hours in a dutch oven and enjoy.
Also, learn Asian cooking that uses less meat, more veggies and rice. I would suggest The Woks of Life https://thewoksoflife.com/ which has many recipes and lots of how to. They even have a page with starter ingredients to help you stock your kitchen.
You are so right re: hot dogs. Nice recipe you posted. Thanks. Fortunately, I rarely eat meat and love veggies. I never digested red meat well and basically stopped eating 30-40 years ago. Chicken/turkey is more what I like. Thanks for that Asian cooking link. That will come in handy.
Yep we are all going to learn how to eat more starch without getting fat. It helps when the cost of oil and butter have risen so much. Potatoes and rice are your friends, as is cabbage. And amazingly they are also good for you as long as you cut out the fat.
In the era to come many will rediscover / discover fishing, hunting and gathering. Suburban areas have some amount of critters available for eating. Not sure what folks in the Cities will do.
Peace to you friend. I grew up hearing the stories from that time. Was not allowed to waste food. You put it on your plate you have to eat it
There is a wealth of such knowledge and instruction on many excellent Youtube sites. So far the Youtube bosses have not censored them for aiding the opposition.
True. Gramps believed the farm should supply the family with everything they need except for a few storebought items. He had a blacksmiths shop and a modest machine shop also.
We have seen nothing yet. Wait until next year we receive the numbers for the 2021 4th quarter earnings. Then, booom. What will the stock market do then?????
Biden is going to make the Carters (Jimmy and Billy) look like geniuses before he shuffles off the stage.
Only if Hunter gets his own brand of beer.
Billy Beer!. Canned by F.X Matt/ Utica Club, Utica,N.Y. I got a six pack somewhere in the basement.
Broke back Biden is just a useful idiot installed by the Marxist/National Socialist/Fascist Democrat party. Get a copy of the Cloward- Piven Strategy and read it and you will understand. The husband and wife team were standing right behind Clinton when he signed the Motor Voter Law.
Broke Back Mtn Biden. Instead of “Build Back Better”. It’s really “Build Back BrokeBack Mountain”
Don’t get obsessed with broke back mtn just read Cloward-Piven Strategy.
It’s unfortunate for Western Civilization that the National Socialists did not exterminate them when they were still in Germany, before they came here and their ideology is destroying our nation & the West.
In Profile : György Lukács and the Frankfurt School
https://thebridgelifeinthemix.info/history/profile-frankfurt-school/
That JerkOff Lincoln ( Im not a fan- cant you tell)should have abolished/ outlawed, the Democrat Party and arrested them all when he had the chance.
You speak truth friend. Peace & Light
Damn unvaxed.
I’m so sorry I’ve ruined everything.
Sorry. Not sorry.
Well, I’ll be damned, I guess.
6.8% inflation (cough, cough), some of us elderly folk may need to rethink retirement plans.
I’m on the DAD retirement plan: Dead at desk.
Me too. Age 76, own my own business, work till I fall over.
I’m rethinking now.
Just wiped out the 5.9% COLA increase.
Set stupid policies, win stupid prizes.
The socialist motto: “Maybe it’ll work THIS time.”
Jimmy Carter’s term was when the Trotskyite communists left the Neo-Soviet Democrats and went over to the Republican party becoming the infamous & traitorous Neo-Conservatives, the warmonger chicken hawks. They helped dramatically shift the GOP into the GOF, and virtual Democrat Globalists, but in a Fabian way
I just looked it up.
The inflation milestone set by Jimmy Carter was 13.3% in 1979.
Let’s not cut Jimmy shorter.
A milestone is not necessarily an all-time record. I too lived through the Carter years as a wage-earning adult, married with 2 children. I naively voted for the man thinking he was not as corrupt as Ford. Live and learn….
Look at 1980. That was the worst inflation of all 4 of Carter’s years. Average for the year was 13.58%. Carter hit 14.76% in March of 1980. In my lifetime – THAT was the record.
I bought my first house in late 1979 and my 30 year VA/FHA-backed loan was still 10.5%. My sister purchased her first home in early fall 1980 and the best she could find was a 16.5% standard 30 year mortgage. She re-fi’d only a year or two later and the rate had dropped below 11%. But Reagan really never got the mortgage rate below 10%. Not until Bush 43 (early 2000’s) did the mortgage rates start going back down for the long term.
Ref. https://www.valuepenguin.com/mortgages/historical-mortgage-rates#hist
The all time record in the USA appears to be 18.1% in 1946, the first year the big majority of troops were home from WWII (we won that one), including my dad and about 7 uncles.
Oh Yes but remember, I wrote “in my lifetime“… 😉. 1946 was before my first breath of air….
You are just a young fellow then.
1946 was a cease fire. The same forces are still attacking us.
I bout my first house in 1981 and the interest rate was 6.2%. But that was an Oregon State GI bond financed rate (much lower than VA loan). Interestingly, the bonds that financed that rate were 12.5% at the time and I even had some of them. In other words, they were borrowing money from me at 12.5% and loaning it back to me at 6.2%. The people next door to me weer paying 16% with a regular loan.
I got my home construction loan in 1976, converted to 30 fixed in 1978 at 8.5% and was sitting on bargain interest rates for a couple of years, relatively speaking. BTW, I still live in that house at now no interest. Going debt free is the best decision I every made. I don’t own as much nice stuff, but what I won is paid for.
Sure gives a lot of peace of mind doesn’t it. Was debt free until recently purchased truck, but if it gets bad pay if off and back to debt free.
My first home loan during that time was at 18.5% still shocked at that, now I need interest rates up there to save whats left of my retirement.
That could be my story- I graduated in 1979 into a sucky economy where jobs were scarce. My spouse and I bought a small house the following year with a 13.3% mortgage rate. As I recall after expenses we had about $5.00 left over at the end of the month. And we only had that much because our grocery bill was greatly reduced by sponging at our various parents’ houses lol and keeping the heat at 60 deg all winter.
The Fed can’t let rates get that high because the entire economy is currently built on debt, the entire housing market depends on low interest rates, and will implode like Building 7, so inflation out the wazoo it is until we become Weimar.
Not yet. I trust the maladministration will soon eclipse that mark.
On top of the hit we are taking from inflation, those of us in Blue Marxist states like NY are now being given a gut punch by our Satanic Overlords, in this case Empress Hochul who has just decreed a muzzle mask/ vax mandate on the entire state.
Pro tip to the un-elected governor: it’s not that people don’t want to work, it’s that we don’t want to wear face diapers or get injected.
Blame the REPUBLICANS for this mess- state and national. There is ZERO leadership or push back on an organized scale.
The Resistance is now engaged in guerilla warfare. We are fighting for our lives, our fortunes and our sacred honor. Those of you in the Free states, please pray for us.
One other thing- I hope and pray that Ron DeSantis will not run for President any time soon. He is leading the way, showing all the politicians how it’s done. We cannot afford to lose him.
https://www.dailymail.co.uk/news/article-10296813/New-York-implement-indoor-mask-mandate-public-places.html
Seneca. Our Conservative premier just scrapped any lifting of mandates indefinitely.
Absolutely nuts.
DD
I’m sorry this is happening to you New Yorkers. Some of the best humans I know live upstate, and without the NYC cesspool it would be governed the way New Yorkers deserve it to be. Much of upstate is also beautiful wild country (being a southerner many down here have no idea).
Thanks for your kind words- very true.
If I was younger and did not have such deep roots here, I would leave but that is not the case.
I am going to keep fighting as long as I can. The only way I’m getting the shot is if a couple of grown men are wiling to take a chance, hold me down and inject me.
When people feel like they have nothing left to lose, they are very dangerous indeed.
I understand your position and respect you for fighting the good fight. If New York can be righted there is hope everywhere.
Bub bye filthy Democrats….
Better safeguard your papers, you will be needing them soon…
Oh, make sure you retain counsel….and don’t think you are getting bail.
1982 is the first 2 years of Reagan, but it’s going down…….the graph hasn’t gotten to Carter yet 1976-1980.
What do we have to look forward to. Egads.
I ran two gas stations in North Chicago and Waukegan back when Carter was setting the democrat standard.
Long lines and gas rationing. Doesn’t exactly sound like a superpower.
The picture with the dwarf Carters just depicts how Joe will outdo Jimmy on inflation. Joe’s inflation will dwarf Jimmy Carter’s inflation stats and all other negative economic markers and categories. Joe – Obama’s ONLY just BEGUN!
.
I am personally very excited to see how the Lord of Hosts will work things out for the better for the USA and its people!!!
.
Ecclesiastes 3:1-8 the Lord says
There is a time for everything,
and a season for every activity under the heavens:
2
a time to be born and a time to die,
a time to plant and a time to uproot,
3
a time to kill and a time to heal,
a time to tear down and a time to build,
4
a time to weep and a time to laugh,
a time to mourn and a time to dance,
5
a time to scatter stones and a time to gather them,
a time to embrace and a time to refrain from embracing,
6
a time to search and a time to give up,
a time to keep and a time to throw away,
7
a time to tear and a time to mend,
a time to be silent and a time to speak,
8
a time to love and a time to hate,
a time for war and a time for peace.
Great insight.
How can the stock market be up with all of the negative reports about the economy and inflation?
I pray for our country every day. God help us.
If only the politicians would have the courage in these states to decertify the election.
The dollar is worth nothing. Interest rates manipulated to zero. You get asset inflation.
The Fed/Treasury are propping up the markets with QE funny money part of which is taxpayer dollars. I’m sure there’s much that’s also ill-gotten from political kickback/extortion schemes and just plain printing it out of thin air. Either way they are simply keeping up appearances by manipulating the markets to ignore or react inversely to other economic indicators.
No place else to go. Flight from bonds. Sovereigns are going to default on their debt at some point. EU will crash first. Just a matter of who. EU can’t print $$ like the Fed can.
I really thought that the rate would be higher than 6.8%.
I have inflation indexed bonds issued by the treasury that have a current inflation rate of 7.23%. This increase goes back a couple of months so I would have assumed it would be higher now.
A little sandbagging perhaps?
I think January is going to be the wake up call for ALL. Christmas lights dimmed, New Year celebrated, and then…
dark winter.
What is missing from the chart are the record high US interest rates of the early 1980s due to Volcker’s inflation-busting campaign that along with the Reagan Tax cuts attracted money to the US to the point that with flexible exchange rates after the end of Bretton Woods overvalued the dollar and made US products expensive and imports cheap which led to the Rust Belting of the industrial midwest and a decreased ability of US workers to demand higher wages to keep pace with inflation.
And the end of convertibility of the dollar to gold/End of Bretton Woods led to the first oil shock which led to the inflation of the mid 1970s. The inflation spikes in the 1970s track the increase in the price of oil.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
All the PedoJoe46 admin will do….is change the definition and/or way inflation is measured….and viola….inflation is cured.
You know the thing….
Ashley says ”C’mon daddy….let’s take a shower and….”
The fake president and all those pulling the strings in the background, are consistent. The standard for the fake administration is failure. And it hasn’t disappointed. A once robust economy, has become an embarrassment.
I am not a believer in coincidences:
Social Security Administration announces a 5.9% cost of living allowance for January 2022…
That was last year already 7+% behind excluding a 14.5% increase in Medicare deduction. The government will never default on their promises, they will pay in ever shrinking dollars.
Imagine your one qualification for the deep state installing you as president, is being so devoid of morals and character, that you don’t care that the entire world is going to hate you. That is Joe Biden. May he rot in hell.
He’s already rotting here on Earth.
He Shall.
It has always been “a feature not a flaw.” Maybe the only difference is that with four years of running America like a successful business by a successful businessman , the contrasts are stark enough for the lies to be transparent to nearly everyone, hence FJB’s abysmal ratings.
Biden WH: Just like we changed the definition of vaccine, we’re going to change the definition of inflation. And voila, it’s gone!
https://www.zerohedge.com/markets/and-just-inflation-about-disappear
This is not all that hard to do with the help of the two Mc’s, Turtle and Kalifornis Kev. They are the gasoline for his fire. FJB
Well, some good news for me, for now. Had a job interview this morning and was offered the position, will be making the same amount I am now, and was told that no one at their company would be fired for not wanting to take the vaccine.
I was told by multiple people to “just let them fire you,” which I could not let myself do. I can’t just sit there when I know what is going to happen and not try to get out. Plus I couldn’t sit through the Christmas season knowing I’m going to get canned on January 1st. So knowing that on January 3rd I am starting a new job, can at least get me through the season, and I will face those changes that come with a new job when I get there.
Despite the stay of the federal contract mandate, my current company has not indicated that this has slowed down. Instead they are doubling down and speeding up the process by bringing in a third party to evaluate the exemption requests. Who are they to say whose religious beliefs are not sincere or whose health exemption is not adequate.
Sorry as this is off topic from the thread…
I wish you the best in your new job.
“bringing in a third party to evaluate the exemption requests.”
Similar to when the Democommunist media brings in the Democommunist fact checker.
Congratulations! Well played.
We’re fine.
February should be fun you know the DC stooges WILL PASS BBB it’s on their road map to collapse, hate to say collapse is probably to get control of the people, too many empty-headed politicians in DC all tunnel vision and protectionism’s
Somene should rewrite the lyrics of Johnny Cash song “How high i the water Mama”.How high is the inflation Mama,4.2 and rising.How high is the inflation Mama 5.2 and rising etc etc..
Inflation is bad enough. Wage and price controls are worse. If it gets bad enough, they will mandate them. They love mandates.
Man-Dates are part of the DNC platform.
So “Progressive” Kommissar Jimmy Carter gave away our Panama Canal so that the Democrats favorite campaign contributors Liberal totalitarian China could run and control it?
President Jimmy Carter gave away the Panama Canal in 1977, and today passage through the ports at either end, Balboa and Cristobal, is effectively controlled by China’s Huchinson Whampoa’s Panama Ports Company.
https://www.tapatalk.com/groups/the_congress/president-jimmy-carter-gave-away-the-panama-canal–t21067.html
True words
FJB – Why does he hate seniors on fixed incomes ?
Uh, they hate all of us.
Social Security is a major drain on their potential money.
Seniors know what good times really are? Some even know when they are being lied to.
Come on, man…not everybody is in the market for a used car. FJB to Hell!
https://rumble.com/vqjufx-biden-blows-off-inflation-crisis-not-everybody-is-looking-for-a-used-automo.html
I can never decide which of them are completely clueless, and which are diabolically trying to hide their traitorous war on American well-being behind their masks of climate warriors/equity warriors/trustworthy scientists. You’d think the truly clueless in the WH would be not that many, but . . . .
I guess most of the diabolical puppet masters don’t want to be exposed to questioning, Fauci excepted.
The demand will also be reduced when we have 15-20% interest rates which are on the way. I bought a motorcycle in 82 at 18%. New home prices are sharply up and when interest rates go past 5%, that business will almost shut down.
There is nobody on the Biden team with the expertise to manage all this as we get fed more and more pain. It may end up looking like early pandemic when everyone just sits home and saves every dollar they can. Demand will most definitely be down.
I accidentally had that fatso Neil Cavuto on my TV in the background … and he BOLDLY proclaimed that the last time inflation was this high … “Ronald Reagan was President”. Leaving the naive viewer with the impression that RR “caused” runaway inflation 40 years ago. No mention whatsoever about Jimmy Carter or his policies. Or that RR inherited that inflation rate in his first year in office.
As if I needed any more reason to loathe that porky Never-Trumper … what a complete TOOL Cavuto is …
Fatso Cavuto who looks like Dumpty next to Rino Chris Christie’s “Dumpty” is an embarrassment to Italians & NJ. Years ago, he was the last guy on Fox to have Pat Buchanan on his show, which I appreciated. Now he is a total wanker
Restrain yourself from throwing anything that might damage your TV.
Remember that with the various supply shortages, chips, supply chain disruptions etc. Replacements might be hard to come by.
ALERT! ALERT! Engineer Joe Biden this is Central Operations Control. Be advised your train is westbound on the eastbound track of the Inflation Cannonball Express. Divert! Divert!. “This is Engineer Joe- I aint diverting for nothing. Im running this thing to the end, ya hear me! Did you know I drove a tractor trailer? Besides I dont have a clue how to slow this thing down. Good night Mrs. Calabash wherever you are!”
Crash! Boom! Bang!!