Whenever we discuss inflation, it is absolutely critical for people to understand that inflation itself is the measure of the percentage increase in a price over a period of time.
It is entirely possible, I would say absolutely guaranteed, that prices will increase even more this year as inflation begins to drop. This will be the economic story on the backside of the inflation hurricane as the Fed starts to increase interest rates. Example:
♦ 2021: A loaf of bread increases in price 50¢ from $1.00 to $1.50, a rate of inflation of 50%.
♦ 2022: That same loaf of bread increases in price by 60¢, from $1.50 to $2.10, a rate of inflation at 40%.
The price of the bread increased more in 2022 than 2021, but the rate of inflation dropped from 50% to 40%.
The White House and Federal Reserve state, correctly, that inflation is likely to drop. However, the actual prices of the products are rising at a greater rate. This is the critical component of the inflation story that will remain with us throughout 2022. Inflation is not measuring the increase in the price of an item. Inflation is measuring the rate of the price increase as a percentage.
This is the context for the Federal Reserve to state today, they “hope” inflation slows down, because they are going to raise interest rates regardless of what is happening with the price of goods and services:
WASHINGTON, Feb 9 (Reuters) – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster pace of interest rate increases this year.
“I am very hopeful we are going to start to see that decline … There is some evidence we are on the cusp of that,” Bostic said in an interview with CNBC.
While Bostic still expects three quarter-percentage-point rate increases will be appropriate this year, he said: “I am leaning a little towards four. We are going to have to see how the economy responds as we take our first steps,” with an initial rate increase expected in March. (read more)
Energy prices rose approximately 40% throughout 2021, with gasoline increasing around 60%. It is likely that prices will increase even higher in 2022 than they did in 2021; however, the rate of price increase will be lower (the inflationary measure). This is why the backside of the inflation hurricane is actually stronger and more damaging to the middle class than the original front side impact.
Highly consumable goods like food, fuel and energy, will have even higher price jumps in 2022, but the rate of inflation may drop.
Last point. Remember, the Biden economic agenda (and the energy, trade, monetary, fiscal policy behind it) is what the Obama economic team always wanted to do; however, they were limited in execution, because they did not want Obama to suffer the political damage. With the disposable Joe Biden in office, their previous restraints are removed.
The economic team behind all of these policies do not know the scale of what damage will happen, but they do know the damage will be severe. The economic outcome is not as important to them as the underlying ideology they are chasing.
They justify the damage, amid themselves internally, by saying the ends (Green New Deal) justify the means (economic collapse), and that approach inherently makes Build Back Better a self-fulfilling prophecy.
How many of the millions that supposedly voted for OBiden are willing to do so again – – specifically, the live ones?
The left is impervious to facts even when they suffer the consequences.
For the left, the problems of socialism always calls for more socialism.
The contest is for the low info demographic (the real, living ones). It takes a ton of pain to make them sit up and look for information outside the leftist narrative.
interesting
I talked to three Libtard acquaintances yesterday. They are still as dumb and stupid as ever. They are no different than any physically or mentally unfortunate handicapped person, but instead are mentally Libtard handicapped.
I am now thinking they just can’t help it. I do have great compassion for the physically and mentally handicapped, but none for the mentally Libtard handicapped.
The mental Libtard handicapped lack; Rationale, Judgment, Commonsense. If they did have; rationale, judgment, commonsense they would not be handicapped. But most important, they would not infringe on the rights and freedom of others….they are the “Useful Idiots” used by tyrants.
They are selfish self-hatred, they must drag everyone down with them.
Misery demands company.
Must have been a “fun” conversation 👍😆
I was thinking the same thing – ouch
Libtard re fun,never dull moment with them.
No kidding. I pass.
And those same people, when their 80 yrs old, will still have a meltdown when you mention PDJT. lol
If they haven’t figured it out by now, there is no hope
Stupidity is in their DNA.
I believe they are missing a chromosome.
I have extended family with grad school and law school education – completely brainwashed it seems. This is the Democrat base – educated minions.
Yes, educated minions but built on a pedestal of we won’t ever be call racisss if we are Democrats.
I think most of us have some friends and family like this. It’s very sad.
INDOCTRINATED minions would be more like it! There, FIFY… 😉
My Granddaughter went to college a dedicated Conservative and came out 4 years later a died hard commie. She was devastated when Hitlery lost to Trump. One of her friends, again a Conservative, went with her to the same college and ended up working for the Obama’s. Need to start some no indoctrination schools.
Did you get past “Who’s on First?”…….
Respectfully, and yes my liberal sister INFURIATES me,…but.
Blaming the victim of a Con artist for getting conned, instead of the con artist, is somewhat misguided, don’t you think?
“Judge not that ye be judged” and “He who has not sinned, cast the first stone”.
Anyone here who doesn’t appreciate that the Globalists could NEVER have taken this country so far left, if all of it had been done by Democrats?
That is, that without the complicity of Republicans they could NEVER have brought us to this point.
Now, if you agree with that, have you ever voted for a Republican, KNOWING they are a Rino, because “they are at least not a Democrat”, which is the CON WE have fallen for, for far too many years.
So, respectfully how are YOU, voting year after year for ‘conservative’ Republican politician, any DIFFERENT than those who have voted, year after year, for DEMOCRATS?
You nailed it. If the dems are stooooopid, we are just as stoooopid, as you state.
When the Pubs had control of the House, The Senate and The WH, and failed to pass a single piece of legislation that would have helped conservatives and failed to eliminate a single gov’t program, and failed to secure the border, it did not take a brain surgeon to figure out they were as worthless and as complicit as their dem commies. Yes, we have had a uniparty for decades. And we have voted for the SOB’s for decades.
So, who is dumb?
Yes, and its the same people on our side who criticized President Trump when he was alone fighting both sides of the uni-party. Every time I hear these ungrateful rubes I just want to scream.
We have gotten this far because of him and the personal sacrifices he made. He exposed them all. I loathe the “Turtle”. Kentucky needs to step up and deal with the traitor they elected.
Yes, we were all deceived.
I refused to vote for George Bush Jr.
Who should we have voted for instead?
Librards are in a constant hypnotic “Stupid” trance.
You have liberal friends? Wow. Money disowned me in 2016. A good thing.
I have been “de-friended” as well, all because of politics. God forbid you should point out the fallacies in the statements they make or present a different opinion, citing your sources. Nope! If they heard it on NPR or read it in the New York Times then it is absolutely the gospel truth and no amount of my presenting facts from different sources will sway them. They would rather end friendships that had lasted decades than let go of their leftist ideology.
I have ended all ties with anyone liberal. It’s a wasted effort. No one in my family is liberal either, so I’m good.
The libtards only watch leftist media and read leftist papers like the NY Times. So all they know is the establishment propaganda. And they drink it all down and believe it. If you try to enlighten them with the truth they think you’re lying.
Invincible ignorance.
It all started under osama bin o slimer, President Trump broke the downward cycle, and now it is back on its original crash course under other the failed joebama administration –
Actually, it started with the Bush housing boom caused by dropping interest rates. The Fed started the QE under Obama but that was just the fix for the prior damage.
The Fed is never going to drop its balance sheet.
I think “it” started around 1915,…
1913 – 16th Amendment (Income tax), 17th Amendment (Direct election of senators), and creation of the Federal Reserve.
I think this mess of the Uniparty has been going on for decades. I take blame for just going along and believing the con. It took a lot to wake me up. Now I don’t trust anyone. I am hopeful there are a few good souls in the government and military, but I don’t think there are very many!
I hope I have some of this right.
Didn’t Clinton want everyone to have a house and all and sundry got easy to get into (moneywise) houses through Fannie Mae and Freddie Mac but then the purchasers couldn’t service the debt?
Weren’t these mortgages rolled up into various hotchpotch bundles that the Wall Street mob made squillions on and caused the 2008 recession? I vaguely remember a young hotshot “genius” devising a “formula” to be used by the money honchoes.
What difference does it make ………………… the dead ones count too.
And they have Dominion over us.
Yep you’re right – Dominion machines can’t differentiate……
Please stop. There will never be another fair or honest election EVER again in this country.
Keep thinking we win when the same rules the left uses against us?
There are numerous ways to vote.
You can vote at the ballot box, you can vote with your feet, or as we are seeing displayed up North, you can vote with your WHEELS,….and your HORN.
You’re taking the wind out of my sails………although you may be on to something!
It doesn’t matter when mail in voting has no chain-of-custody adherence, plus the post office can do with whatever the heck they want to do with ballots they don’t approve.
100% they re too stupid to realise they are stupid.
Government employees will – they could care less about the economy.
In my humble opinion it won’t be Biden in 2024; and if the Deep State have their way, Trump won’t “be allowed” to run. This would mean they will have put someone of their choosing in as the R letter of the Uniparty.
I am praying we can muster up enough Rebels so that this won’t be the case; but their are still so many people that believe whatever propaganda is spoken to them.
You are correct on Obiden not running. They’ll never keep him upright for another 3 years.
With McCarthy and McConnell firmly entrenched in power, the Dems (Deep State + Rinos + unelected bureaucrats) will indict or charge him with something or enact some far-fetched law to prevent PDJT from holding office.
We should take lessons from the Canadian truckers:
No guts – no glory; no balls – no blue chips.
NO!!! “INFLATION” IS THE DECREASED PURCHASING POWER OF THE CURRENCY, WHICH LEADS TO RISING “PRICES” FOR GOODS & SERVICES. C’mon Sundance… we rely on you to get it right. Check George Gammon’s Rebel Capitalist show, or Ron Paul.
Sadly, too many.
They are going to find out what little room they have for rate hikes when the government short term debt has to be refinanced at higher rates.
But that is what tax rate increases are for.
Inflation is a Cancer upon the economy. And, there is no kinder, gentler way to remove it. It has to be cut out painfully.
Regardless, this partly a supply chain/production issue and partly a money supply issue. The supply chain issues will be with us for at least another year and will not respond to monetary controls. The money supply issue will be with us until Congress cuts spending.
I believe we are finishing year 1 of a 5 year inflation cycle. And, 4 years from now your paycheck will have shrunk by 35%.
Inflation is the destruction of money.
People understand “stock splits” perfectly well… but don’t mind it because when stocks split, they end up with two shares instead of one.
When the government generates trillions in additional debt, we are still having our ONE share when we should have hundreds more shares granted to us when they create more money.
And the govt will find more equitable, inclusive, and diverse things to spend what is left of your paycheck on.
Did monthly shopping trip today (N. Az.)
Did notice some prices have jumped, since 2 weeks ago,..
Others looked good, so I focused on further stocking up.
My sig and I go together, and often get seperated, cell phones a hastle, but today I stumbled on something that worked well.
I SING, not loudly, but enough to be heard, at least one aisle over each way.
A simple, appropriate ditti for grocery shopping, today.
“Lesko, Brandon, Lesko, Brandon!” all thru the store, as I shopped.
Some ignored, some smiled, and some gave enthusiastic responces.
And, for the latter, I said “And the CanadianTruckers, too!”
Some knew exactly what I was talking about, but for those who didn’t, I gave my one minute “elevator speech” on the CT’s, and then moved on.
It was a DELIGHTFUL experience, and I didn’t encounter ONE negative responce. NO Karens, I think the tide may be turning.
Now, it is THEY that keep their mouths shut, rather than US!
They can try to reduce Demand by raising interest rates, but it doesn’t disappear.
It either gets satisfied at a higher cost or goes unfulfilled and builds like water behind a dam.
Nice analogy!
The Fed’s own the only legal money printing press. It is readily apparent the politicians don’t see being in debt for 30 trillion is a problem, when we can “print” our way out of the problem.
Please be sure to pick up your new wheelbarrow (wallet) before the price jumps too much.
I described the problem of inflation in a way that anyone can fully appreciate.
Compare “stock splits” with the money supply and it becomes VERY clear why generating money from debt is theft.
Or a reverse stock split….
Most goods have elastic pricing – people will not buy till they have to.
The fact the fed has not yet raised the interest rates is not only defying all odds and economic logic it’s also indicative that its part of the agenda and been heavily politicized. We the people are both the targets and the victims.
Dems have run out of measures. They’re now just doubling down; putting their foot to the metal; calling in all their favors; hiring homeless swastika artists to work for food ( it’s actually very underpaid work, because one single swastika in DC will be on the nightly news throughout the worldwide Communist Media Inc network.)
Rising interest rates will, of course, accelerate the pain. That’s all the Dems have…more pain… and more pain means..”Do something!””
“Do something..” means Pubs cave.
That’s the plan: Pubs cave! Until then: more swastikas, more staged false flags, more hooligans looking to inject violence into peaceful gatherings as they pursue white supremacists, more intimidating messages from DOJ etc.
Under Biden, the change was swift. We are now full-bore ‘post-constitutional’. No other way to say it.
I agree we are “post constitutional”.
That also mean we are post America a well. Time to truly understand what we have lost and how to fight for any semblance of life under this and the next commie regime.
I am very concerned that the feds will successfully demonize any US convoy protest again. More “Insurrection!!” accusations. More dehumanizing of conservatives. More jailing of dissidents.
Pubs aren’t “caving”, get it thru your head.
Pubs are fully on board.
Rino=Republican In Name Only=Democrat.
Democrat=Conmunist
ergo
Rino=Conmunist
Get it?
They want your retirement savings.
And they will have them in an instant with centrally controlled digital currency.
We regret having to inform you that your social credit score took a permanent deduction this month when your digital birth certificate was accessed and it was determined that you are WHITE. You may notice a change in your digital government controlled retirement account.
As we stated before, the FED is NOT the government, just a sanctioned bunch of commercial bankers and their regionally based “FED Board”.
Also, the Financial Puppet Masters running the FED drive allot of decision via headlines….i.e. announcing plans that may or may not ever be put into effect. It is the same as “policy” put in place by expressing “desires” as was the case of the OSHA Mandate, when NOT a single EO was signed to put any of into play.
This is the case of the financial markets … “projected” 2-3% Rate Hikes have already been baked in, but not a single rate has changed. More can be baked in or higher rate increases announced even if the FED NEVER really implements rate hikes … or just simply “announce them” over and over, having the same rate hikes “baked” in over and over.
They set interest rates at -0-, as an “emergency measure” (along with quatitative easing) 14, thats FOURTEEN years ago, cause of the ‘meltdown’.
Thats one HECK of an emergency! I think they did those things, and only later realised they hadn’t dodged a bullet, they had only postponed it, and have known all along,…that if they ever take off the tourniquet, the patient will quickly bleed to death.
And now, they are taking it off. It WILL kill the “old” economic system, and they intend to introduce a new digital system, as part of implementing social credit score great reset.
The Federal Reserve is between a rock and a hard place. They are trying to inflate away our national debt but this is causing significant economic harm to the middle class resulting in political harm to the Deep State. However, if they increase interest rates, the government won’t be able to service the national debt and will likely default. This is a no win situation, IMHO. Historic times we are living in. They can’t kick the can down the road much longer.
This inflation post is the basically the compound interest lesson that isn’t taught anymore – like in grammar schools when I was a kid. We have a nation with financially retarded adults, and their financially retarded children who will soon birth their own financially retarded children.
lol
Most poor folk are really stupid with money. Could give them a million bucks and it’d be gone in a year, with outstanding debts to boot.
Gone in a year? Heck it would be gone in a month.
“Most poor folks”, lol.
The poll results I mentioned above, are from respondents in ALL income groups, including those with household incomes above $100,000.
I know of households with houses in Paradise Valley, multiple cars (jeep for 4 wheeling, sports car, SUV and several dirt bikes) a boat, an RV, etc….and they were just getting by, paying the minimum payment on their cc each month.
Financial ignorance, and willingly enslaving to the Credit Master, is NOT something poor people do.
They go to loan sharks or check cashing services.
According to a long series of polls which, given their subject matter is apolitical, MIGHT be accurate;
70-80 percent of those polled;
Have no household budget.
Live from paycheck to paycheck.
Rely on credit to maintain their lifestyle.
And you say we have a nation of financially retarded adults?/S
You are absolutely correct about the percentage with no written household budget. It’s been around 70% for years. There’s a massive survey of household finances done every 10 years for financial professionals who pay a fortune for the results. A friend of mine in the business showed me the last report and the data. That’s where I saw the 70% number. He told me that’s about where it stays decade after decade.
(I have my grandparents’ budgets from the Depression. They are something to see).
That’s like when the stocks crashed and lost 40% of value, and next year the stocks recovered 40%. You are still down 20%. Gas price in my area just went up to $3.70/gallon, up 64% from 2020 and just about the same price before Trump got elected.
<You are still down 20%>
-16%
My guess, If Trump was in the Oval Office gas prices would be somewhere around $1.85 or less by comparison. Try and explain it to a Libtard and you get something about Global Warming.
Imagine having taken on $30 trillion in debt and still not solved poverty.
Nor was the $30T … redistributed… across all American classes. Funny thing … The ChiComs haven’t redistributed their enormous wealth either. It’s almost as if the “equality”, nay “equity” espoused by the Socialists, Communists, and Democrats (all the same) … is just words aimed at useful idiots … with no intent whatsoever to employ.
The elite of course have no intention of subjecting themselves to their own ideals.
“Socialism is for the People not the Socialist”
Let me add that $30T / 250M Americans = $1.2 M for each and every American. So much for the Democrat’s promised redistribution. The check’s in the mail?
Over 40% don’t pay ANY taxes. Many of them get a tax credit. So your 250M taxpayers is understating the issue. It’s much worse than that.
Some single addresses have received millions in that damn tax credit. While I pay taxes on money I will never likely get to use.
mine too!
Feb 9 (Reuters) – The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020.
But it “denied in full” to release the documents, citing exemptions under the information act that it said applied in this case.
The disclosure of trading by two regional reserve bank presidents during the pandemic led them to resign last fall, and prompted Fed chair Jerome Powell to overhaul Fed ethics rules and request the central bank’s inspector general to investigate.
The FOIA responses to Reuters for the first time quantify how much back and forth may have occurred over policymakers’ personal trading in a year when markets first cratered, then rebounded on the basis of both massive federal fiscal stimulus and an aggressive rescue effort by the Fed.
Reuters requested release under the information act of any 2020 communication “regarding the propriety of individual financial transactions” exchanged between the Fed’s general counsel or ethics staff and members of the Board of Governors, then Dallas Fed president Robert Kaplan, or then Boston Fed president Eric Rosengren.
The Fed, and other central banks, and the world bank have enslaved the world in usury and is is the business of stealing your already taxed income through inflationary magic. It’s all magic.
When I asked my bank’s manager if I could lend out money based on fractional reserve lending like they do, he told me that was against the law. lol!
The difference between price increases and the rates of changes of those increases will be lost on most citizens because of decades of very poor teaching performance in our public schools. This is how you beguile an uneducated society. But this denial of skill development in something as simple as basic mathematics is nothing compared to what’s coming.
Hey, they learned to dye their hair, pierce their bodies, scream loudly at other people about social justice, and take other people’s money they didn’t earn!! That’s got to count for something, right?
The solid middle class has become too powerful (can we say MAGA?). Our children have not been educated. Yet there are too many out there with college degrees. They have to ‘bring us down’.
And they have become too affluent, in their, TPTB, opinions.
So we will work twice as much for less pay, have less, while they uplift the poorer citizens with increased benefits. I am all in favor of helping htose who need it but to have politicians deliberately wreck the economy…but oh well, they did not think twice about the ‘rona….
Go Galt
Exactly, and why they declared math as racist.
The price of the bread increased more in 2022 than 2021, but the rate of inflation dropped from 50% to 40%.
Ahhhh yes, Related Rates.
I learned a long time ago that whenever someone fills their conversation with numbers expressed predominantly as percentages that it’s best to stand with your hand over your wallet and your back against a sturdy wall.
And ain’t no such thing as free lunch.
It feels good that I got a house under a VA loan under the Trump administration. Lower, fixed interest rates.
Property taxes about to get boosted here. That’s how they will clean up taking homes as inflation rolls.
The “price increase of a loaf of bread” example underscores what I call “Blackwelder’s Law”
In the first year, inflation was 50% and the price increased 50 cents per loaf.
In the second year, inflation was 40% but the price of a loaf of bread went up MORE (60 cents)
So, Dems will automatically point out that “Inflation is DOWN! Hooray!” even though the price increase was 10 cents greater in the 2nd year.
It’s a perfect example of something Mr Blackwelder (my High School Trig teacher) taught us decades ago:
“Figures never lie, but liars sometimes figure.”
He was a very smart man.
All true but at ground level a “Loaf of Bread” doesn’t fill the bag anymore.
A “Box of (you name it)” doesn’t fill the box anymore…
A Big Box of Pasta is, Half Full.
Seems like the Democrats have had the hell scared out of them in the polling. In the past 2 weeks:
I’ll never root for a bad economy because I want my fellow citizens to have jobs and pass on their wealth to their children and grandchildren. But with that comes the realization that if things settle down and Democrats can make it 8 months by shutting the heck up, they might stem their losses in Congress next fall.
I think the 1/6 committee is in danger now, too. When the Government Party has to send REPUBLICANS out to defend that garbage, that means the Democrats know their message is being ignored. The only “news” this week is Republicans in the eGOP attacking Trump. That means 1/6 is a political loser for Democrats and they have to send out the controlled opposition to prop them up.
If they back off the race-based quote for the SCOTUS nominee and start tromping out various whites and Asians for the job, you’ll know they’re in full retreat ahead of November.
Joe could solve the black female issue by nominating Candace Owens.
Sorry but no. She voted for Trump so according to Joe, she “ain’t black.” (no offense to Candace Owens)
🤣🤣🤣🤣🤣🤣
Spot on, bro. I fully agree with your observations.
Great observations and spot on analysis hokkoda.
Here is one that has me more than just a little concerned. Obviously the loosening of the mask mandates in 7 blue states is a good thing albeit political in nature. As such, I believe the slimy Democrats are doing this now so that we can enjoy a sense of normalcy for 7 months until October. Then, the new variant known as “Secretary of States’ will usurp more authority away from state legislatures and re-implement the unsolicited mail-in-ballot” variant. Should they not loosen these capricious edicts on face masks now, the majority of the voting public would throw caution to the wind and vote in person in the November midterms anyway. It truly is diabolical the way that these cheaters on the Left operate. We all know that that they cannot win in a fair fight and therefore must cheat. If all goes according to their plan…in October, they will be able to scare the hell out of the easily influenced who previously acquiesced to lock downs and face diapers for the past two years; Furthermore, they will demand for everyone’s safety of course, the implementation, of the chain-less, lack of custody, and in many cases unsolicited, mail in ballots once again. I mean C’mon man… Its for everyone’s safety after all.
Possibly, but I don’t think so this time. If they try to push people back into the COVID insanity, they’re looking at a full-on peasant revolt in the fall.
The only reason they’re taking their time dropping the absurd mandates (they could drop everything today not 28 Feb or 31 Mar) is that they need to give their religious fanatics time to crawl off the ledge and adjust to not being able to terrorize and judge their neighbors.
Can someone tell me where these $1 or $1.50 loaves of bread are? lol. I make my own so my cost is very low, but what makes me angry is watching my daughter with lots of little ones try to figure out how to feed them properly since her husband had to take a “lesser job” with a 50% reduction in income due to the vax mandates.
The damage this administration has done is incalculable and the anger will remain for generations.
“The damage this Coup has done is incalculable and the anger will remain for generations.”
You’re welcome.
That too. I lost all faith in the government and all associated institutions. It can never be rebuilt. It’s like finally divorcing the abuser and being free.
Time to show her how to garden and get chickens. Every little bit helps when you’re young.
Confirmed on both counts. I gave her 7 laying hens and enough seeds to get the garden started. She is doing the hard work of managing the flock and staking out the new garden. I’m very proud of her. The grandkids are all in. I carefully raised the hens to be held and hand fed so they wouldn’t peck the little ones. The hens are beautiful breeds too!! It was very fulfilling for me to do so.
The bakery/bread outlet in your town, Dollar Tree, Family Dollar all have 1-1.50 white bread.
Walmart has a very fresh Italian loaf I use for sandwiches and toast, sliced or unsliced… stays fresh. Delicious. In the bakery section…$1.
The Criminally Corrupt Kenyan has always been a destructive worm who swayed low IQ people. His pathetic racist mask has been off for a long time. I personally want to choke who ever is on the other side of the price I’m paying to fill up my truck with gas or tractor with diesel. The Green Old Scam has never been anything but a wealth transfer from the middle class to the globalists. Without a change in the compliance of oil producers (no reason they should, they’re making trillions) from the dictates of their globalist puppet masters, none of this farce will end regardless of interest rates or anything else. How the US, sitting on more than enough oil and natural gas, is bankrupting Americans through energy costs can only be described as evil. Again, interest rates won’t change evil.
They couldn’t even build mud huts, much less a “better” mud hut.
Exhibit 1: is every democrat/communist controlled hive rotting under their penthouses.
I don’t think very many people actually believe the Fed is going to raise rates or reverse policy until it actually happens. The reaction from an actual show of resolve may preclude any others this year. As he said, they will have to see what happens.
All the numbers will start looking much better as we approach the midterm elections, inflation, covid, employment etc. Heavy government number manipulation and MSM spin to buck up the O’biden team. You know it’s coming, they got to build toward a crescendo. Throw in saved Ukraine (Russia is not invading) and other stuff along the way.
I am grateful that I can see it all clearly now.
That horse left the barn more than a year ago.
The Federal Reserve is now a department of the Democrat Party like the FBI, DOJ, CIA, FDA, CDC and BLS! The Federal Reserve is not going to raise interest rates and destroy the Biden Presidency with the mid-term elections only 7 months away especially with Biden doing a great job of destroying himself!
“department of the Democrat Party like the FBI, DOJ, CIA, FDA, CDC and BLS”
… and the DOD.
DOD Caught in MAJOR SCANDAL: US Military Caught in Severe Data Manipulation Following COVID Reveal — No Way “Revised” Numbers Are Real
https://www.thegatewaypundit.com/2022/02/dod-caught-major-scandal-us-military-caught-severe-data-manipulation-following-covid-reveal-no-way-revised-numbers-real/
You know the USA is truly F*cked when you have J6 Committie Communist Leader (Anti Trump/ Anti American ) scum Raskin …… well his wife in the running for Federal Reserve.
It’s time the Red States separate from this disaster and create our own sound money that can’t be freely printed by Crooked Democrats to buy votes and launder to their friends via scams.
Communists are the best actors ever and come up with the best lines of BS I’ve ever heard in my life. I’m based in facts and it is torture to listen to this corrupt federal gaslight at warp speed. And people are still believing this crap. Back to my initial point.
Inflation is a tax which bears most heavily upon those who can least afford it. And our senior household is included in that group. There are millions of us who, through extreme financial repression, have had our savings decimated. We have striven to be good stewards of our money, not wanting to be a burden on our children. It has been difficult, not impossible, and we are in a better position than so many.
But now we add hideous inflation that clearly is getting worse. This figure coming out tomorrow will, of course, be a fantasy, just as last month’s employment figures were. We will be expected to look at it and think that things are not a bad as we obviously know they are.
This abortion of a government must believe we all trust their criminal statistical manipulations. But they have no clothes, per a certain emporer of tales past.
So we cut our cloth again, hunker down, and pray with all our might for those in positions worse than ours…those who have been forced out of their employment, those with little income, and those with children who go to bed each night wondering how in this world they will manage.
Damn those who have brought all this about.
These claims of inflation are just lies by racists and insurrectionists working for the Russians tying to undermine trust in our government institutions.
Come on man, as long as prices don’t increase what difference does it make what the inflation rate is???!!!
People who ‘early retired’ now looking for some kind of work. Not good.
For at least 3-4+ decades, ‘they’ have been messing with our prosperity. Now, under “this one” FJB, , it is a pace that is on steroids.
Equal and shared misery.
Inflation is monetary policy. This is on purpose. Higher prices are just the result of an inflated money supply. MMT will not work, real economic laws will prevail. These guys know it. They have been printing for years. For years the $$$ was absorbed into the Stock market but that is now so overvalued and shaky that the inflation of the money supply is showing up in the price of G&S. What do they expect? I will answer my own question. Exactly what we are seeing is what they are expecting. It is on purpose. They are not stupid, they are evil. These demons are doing everything in their power to cause discomfort and economic pain for the American citizen with their top down, bottom up pressure to create the “need” for a great reset. IMHO
Better dead than Red, and,,,FJB.
I heard today that they intend to tax meat 56% because of methane. True or false, it could account for all these meat companies jumping on the plant based bandwagon, and the military offering grants for whoever can create a 3D printable food made from garbage.
https://www.fabbaloo.com/news/would-you-eat-3d-printed-food-waste
https://gcn.com/emerging-tech/2021/11/darpa-seeks-top-chef-for-3d-printed-food/316299/
One step away from Soylent Green
They don’t care. They actually want inflation. The overarching goal is to collapse the US.
And their voters are completely unaffected. Dead people, rich people, government workers, welfare recipients, and affluent coastal suburban dwellers are not impacted by this level of inflation.
I would put forth that most affluent residents of the blue East and West coast cities like DC, Boston, SF, LA, Seattle, etc. have no idea how much they spent on food last month or last year. They don’t know what a given food item costs and if they have cars the current gas prices aren’t meaningful to them as they aren’t that high yet and they aren’t driving as much with their working from home.
A large segment of the Democrat base doesn’t budget or balance a checkbook.
This inflation we are experiencing is NOT due to wild spending by people and Raising interest rates WON’T HAVE ANY EFFECT ON IT!! The inflation is due to the Gov. (read Bidum’s plan) crushing the supply chain.
Actually it is due to the inflation of the money supply by the FED. Crushing the supply chain is just an aside to help force us into their plans for the future.
Professional parasites—the whole lot in DC
And my lefty neighbors will all celebrate how inflation is “down” as they pay 2x’s as much for the same thing they bought at 1/2 the price while PDJT was prez. and run to pull the blue lever.
It’s not hard math, but any thinking is too much to expect from a leftist.
It sounds like a “spin” to me with a lot of meaningless rhetoric thrown into the mix.
Everything that comes from this administration is a lie, a stretching of the truth, or misdirection.
The ole shell game. Americans love it…
Here we go again, my adhesive company was just informed of another price increase on raw materials March 1. We supply adhesive to many box companies in the south. In the last six months are cost has gone up 30 percent that is one of the reasons why food cost has risen so much, all that food and goods have to be packaged and boxed up for delivery. I hope we can survive this.
If you look at the history of inflation, it always occurs when the government or the federal reserve increases the supply of money into the economy. Printing more money or spending more money(deficit) always lowers the value of the dollar. Especially when interest rates are zero. Thus, raising interest rates is always the solution to lowering inflation.
Anyone paying attention to the past 4 years with 10 trillion dollar deficit added to bill and the federal reserve printing money like it was growing on trees, had to know that sooner or later we would see high inflation.
Jerome Powell had to see it and should have acted sooner. I don’t see inflation being brought under control until interest rates get to at lest 6% because the SOB’s in DC are never going to quit spending what we don’t have to spend. It’s either high interest rates, or one hell of a recession.
It is amazing these idiotic leftists think the chaos they create with this inflation will not destabilize society to the point where they can’t advance their agenda. No one sits still while being pummeled in the face. They run or fight. I suspect a lot of people will quietly “flee” by using the black market. It will be noticeable because these markets will spring up in many locations where people will take things to buy, sell and trade. NONE of it will be trackable as no one is stupid enough to use electronic payments that keep records. There will be a good group of the citizenry who simply fight in the open the policy changes and the narrative and after several election cycles and RINO purges will get a chance to rebuild from the ashes. Will Israel be left after this chaos, probably. Will Taiwan be another province in the CCP when this chaos in the US mainland is over? That’s what Biden is working for….
blob:https://theconservativetreehouse.com/e56a2cd2-d5a1-43ed-88a0-07667a9d90c6
Okay that’s not working. Maybe this will. You’ll see picture of Shrinkflation.
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/shrinkflation/
How convenient that a group of appointed “independent”, supposedly apolitical former investment bankers and well healed business barons (Fed. Reserve Board) have absolute control of the monetary policy of these United States. Given that they are charged with maintaining a reasonable rate of inflation (2%) and stable rate of employment (4%), it seems odd (s/) that their policy decisions always favor the industrial and banking sectors, at the expense of the working class and rarely have the desired effect on either inflation or employment. The Fed has historically driven our economy from boom to bust over and over again, in which we are either in recession or a raging upturn. It’s called porpoising in aviation or pilot induced oscillation, given the human’s natural tendency to over correct for small errors. Me thinks this rabbit hole is actually a hat with a rabbit hiding in the bottom, like a pacifier, it satisfies the desire to suck, but never yields milk.
i m a small business owner in cleveland oh, i can say that without a doubt, inflation in my business is 15 to 25% year over year. steel plastics lumber all up double digits
NO!!! “INFLATION” IS THE DECREASED PURCHASING POWER OF THE CURRENCY, WHICH LEADS TO RISING “PRICES” FOR GOODS & SERVICES. C’mon Sundance… we rely on you to get it right. Check George Gammon’s Rebel Capitalist show, or Ron Paul.
Fed cannot afford interest payments on Treasury debt if rates go up.
Quandary, conundrum?
Greenspan used interest rates to accelerate or dampen the economy.
That strategy has been exasperated by unrestricted government spending.
Fed cannot relieve itself of debt obligations.
When rates go up, the only solution will be to print more money.
That is called an inflationary spiral.
The money driving inflation was printed and distributed by the Pandemic relief bill. The gas prices driving inflation because of Biden’s polices of shutting down the pipeline and ending all oil and gas operations on Federal lands has not been reversed. Continued government benefits due to the pandemic is still a cause of printing more money.
A fraction of a percentage point interest raise is not going to fix this, all it will do is make it harder for the Fed to pay on the national debt.
I guess before you can ‘BBB’ you’ve got to ‘BID’. (Burn it Down).
Besides regaling young family members at Thanksgiving with the tale (and lesson) of the Plymouth Colony, I would challenge parents, and all grandparent like curmudgeons to use Sundance’s example of inflation propaganda with the loaf of bread and burn that into the minds of your youngsters. Give them the numbers and let them figure it out.
I did that with my children when President Trump took office. I told them to take note of prices of
Gal Oil
Gal Milk
Loaf of Bread
etc
when he arrived and after 4 years, prices will be lower. Mama was right.
The reverse is true today with the Dems but took less than a year.
Also need to watch portion sizes evaporate. Loaves of bread smaller, coffee less in the can and
Snack Bars should now be called Snack Bites.
I sell to OEM and END USER industrial automation accounts.
(The folks that make the machines that make the things you buy or the folks that make the things you buy)
My biggest supplier just announced a 6.9% “shipping charge” and an additional 1.9% “service charge” to go in effect March. “Annual Price Adjustment” (normally AUG) moved back to June (annual average 4.5%)
Back-ordered shipments from as far back as FEB 2020.
New order ship dates are on the increase, some as high as 120+ days on normally stocked products.
I see no governement actions being taken that would help reduce inflation… quite the contrary.
Putting it another way: Their “Phoenix rising out of the ashes” [in their fantasies] justifies the destruction they wish to create. Seems like inspiration from the pit of hell.