She did it again. Just like in February, when Psaki (seemingly out of the blue) gave a weird proactive statement about bad economic data that was going to be released the following day {LINK}. Earlier this afternoon White House spokesperson Jen Psaki gives another proactive justification for even worse inflation data that is about to be released from the Bureau of Labor and Statistics tomorrow.
In this brief soundbite, Psaki says the March inflation data that is going to be released tomorrow is going to show “Putin’s price hikes” on U.S. consumers. However, even within the framework of her false justification, she attempts to blame Putin for gas price increases in January, when the Russian military operations did not start until February 24th. The inflation news is going to be really bad tomorrow. How bad? WATCH:
https://youtu.be/tNBvUq8e2Ko
None of this will come as a surprise to CTH readers. We noted in the February inflation data (released in March), that things were going to be much worse in the April release. The reason was simple, the massive gas price increases were not yet matriculated in the February data, and the massive food inflation was not yet captured by the USDA component. All of that preceded Russia’s invasion of Ukraine. None of it has anything to do with Vladimir Putin.
The inflation data that will be released tomorrow is the first visible data assembly of the second inflation wave now upon us. Remember, inflation data lags behind the reality of the price increases. What the BLS will show tomorrow is the price results from the last half of Feb through the half of the month of March. It will likely show the largest single month inflation increase in modern history.
How bad is the data going to be?
FLASHBACK TO February: “In my estimation, the massive price increases the bureau quantified through January were the end of the first wave of massive inflation that CTH warned about last October.
“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before. Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses. Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]
The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be fully quantified. The second wave of retail inflation, only just beginning to arrive now in the February results, will extend throughout the spring.
Next month, March data reported in April, the second wave of inflation data should carry the first big jumps in gas and diesel prices. For ordinary people, this next round of food inflation will be focused predominantly in the ‘Fresh Foods‘ categories. Fresh produce, vegetables and fruits have short life cycles, and rapid increases in transportation costs hit that segment fast and hard.
On the positive side, our victory gardens are going up in value, very quickly. A few backyard growing boxes can generate an easy $200 to $500/month in fresh produce as the price of ordinary row crops at the store starts to double and triple. Mature citrus trees are worth their weight in gold right now.
The BLS data was collected at about the time of the red arrow in this graphic below (Feb 10 to 15). You can see where the gas price goes from the point at which the inflation data was collected. That 30% spike is what will roll-up into next month’s inflation data. (Written from the March data)
Sadly constantly blaming Putin works with their constituents. There is never out rage amongst them. If they throw out something about a trans victim at the same time their flock gets pumped up about the trans. Sadly they do not care about the US so if it folds then they reached the goal of no meanie US.
Putin is the most amazing and powerful person in the history of the world. He controls elections in other countries, he controls food prices, gas prices, and other commodities. Putin controls the future of the dollar as a world currency. He controls outer space, satellites, and whether the sun will rise tomorrow or not. Putin even controls Trump. Jesus is my savior, but elites think Putin is the second coming.
Lol. Well done CP. Putin IS amazing isn’t he?
Putin is immune to kryptonite too
Any reports that Putin has walked on water???
Only in the winter time.🤔🤔😁🤗
While not wearing a shirt!
The true dem believers are a minority most un aligned Americans aren’t buying the blame Putin excuse.
Polling shows this to be true, even when polling is still rigged to favor Dems. Biden is in reality at less than 20% approval.
And yet most democrats, although tied to Biden and dem policies, will be re-elected handily.
“Constituents” where I’m from we call them government lemmings!
Putin is being used as Emmanuel Goldstein.
There are many,probably around 60% of the 41% who approved of Bidens economy in the last poll, that will Never Admit the economy sucks and they were better off when Trump was President.
Yes the ALL Powerful Vladimir Putin – where was he when Trump was in office?
Must Watch! PREPARE FOR A “BLOWOUT” IN BOND YIELDS- ECB. Expect “EXTREME” Inflation- WH. Mannarino – YouTube
WELL WORTH FOLLOWING THIS CHANNEL FOR GOOD INFORMATION
Yes, I’ve been following Mannarino for years–sometimes a bit overly animated, but always on the mark!
Thank you!
Intentional, of course!
Indeed it is!
And all those hungry refugees from south of the border…
And where will they be housed?? Can’t find an affordable house now
I think all the corporate investments into housing was on the prospect that FJB was going to pay to put those folks into houses. Borrow cheap, charge large rents to Uncle Sam.
In my area, the houses sell fast and for top dollar, but no one is moving to our community. We aren’t a growing community, so why all the investment? The corps know something we don’t.
The D’s are quiet about this now, but the plan is to federalize local and state zoning authority. No more Residential-single-family zoning allowed, and those MacMansions in suburban developments can then be subdivided into multi-family apartments.
Real Estate Investment Trusts (like BlackRock) are on board with this scheme, as from an investors’ perspective it would not lessen the returns – at least not in the short run.
It should have been a huge signal yesterday after Sundance posted the Federal Reserve member talking about the current status.
Posters immediately started talking about gardening and prepping for the apocalypse.
That should have been a huge signal to sell, sell, sell!
Let’s wait for Fang Dog to tell us which way the Red Arrows are pointing. 😁
If you can find bread.
and buy precious metals and their equities. since january this year the dow is off like five percent. the xau mining index is up 25% and about to make a new high.
silver stocks have been a bit overlooked as silver has been to gold. that is changing. so, do you have silver miners?
meet the sweet sixteen:
ag first majestic
asm avino silver and gold mines
cde coeur mining
exk endeavor silver
fsm fortuna silver mines
gpl great panther mining
hl hecla mining
lode comstock mining
mag mag silver
mux mcewen mining
paas pan american silver
plg platinum group metals
silv silvercrest metals
ssrm ssr mining
svm silvercorp metals
usas america’s gold and silver
These idiots talk as if we are at war. Fuel,is expensive because nμmb-nμts turned us into oil importers and then narrowed the market by boycotting Russian oil when we are not @ war.
We’ve been at war for 18 months. Wake up please!
The CCP just dropped off a whole air defense system in Serbia. Between Serbia and Ukraine lies Bucharest, where we have a military base.
Check out today’s Monkeywerx Sitrep.
In effect, in this proxy war, the CCP just came in on the side of Russia.
Now the DM headline is that Russia used chemical weapons in Mariupol. Shades of Syria and John McCain. Russia warned of false flags. Since we appear to be missing a Lt. General in Mariupol, suspicious minds might conclude that negotiations broke down and NATO went to extraction plan C (the helicopters and boat having failed to work).
Now the regime gets to “respond in kind?”
Just a matter of time until it goes hot.
Yes, we are at war. With Enemies foreign and domestic.
I don’t see how inflation ends without a significant recession or depression. Supply issues aren’t being adequately addressed, and so, so much money has been created. Small interest rate increases aren’t going to do much. At some point, the market will jack up long term rates, then look out.
So many of America’s business and financial fundamentals are positive though, America keeps benefitting from Trump’s economy.
Where else do investors place their money?
America!
With FJB himself ineptitude and he has a long record to back it up. With his handlers and their financial backers it’s wholly intentional.
Outstanding.
His scroat is as shriveled and dried up as his brain stem
Pure Narrative Engineering. Spin, Spin, Spin.
Elections in 26 weeks. This is “desperate advance damage control”, hoping to saturate low info voters with nonsense and deflect responsibility for having destroyed the US and World economies through abject incompetence.
Bookmark her chaff job. Use it to compare with the next round of excuses and cross reference to 2020 prices, rates, costs.
Only the willfully stupid are going to believe this yarn of hers.
Democrat Policies are responsible for 100% of what has gone wrong. Not “some of it”, but “All of it”.
In 18 months, Liberal Idiocy has set the stage for hyperinflation, stagflation, economic collapse, food insecurity, Ukraine war, possible nuclear war, supply chain collapse, massive sovereign debt, potential loss of US Reserve Currency status, energy poverty, job loss, stealth taxes on savings and retirement, and malaise in general.
Vote in November as if your life depends on it. Because this is the last chance you will get to peacefully intervene.
After that, all bets are off.
At 14: 30 min or so, Alex Krainer is on–definitely worth a listen IMO. He says inflation is here to say, will continue to accelerate, we might even see hyperinflation. Then he starts to talk about what Catherine Austin Fitts refers to as the central banking/warfare model of how we are ruled. Krainer says central bankers (enemies of humanity) only have one tool left, which is QE (printing more money). Says if they stop printing, then there will be collapse. Talks about how we have a fraudulent monetary system and crisis is baked into it. Worse, it has a strong tendency to move society toward war. Bank of England was started in 1694, and from 1701-1815, England declared war on France 18 times. Krainer mentions how former Congressman Dr. Ron Paul said that it is NOT a coincidence that a century of central banking (here in the US 1913-2013) was accompanied by a century of warfare.
Krainer mentions a 2009 study by the American Public Health Association, which showed that since the end of WW2, there have been 248 armed conflicts and that the US started about 80% of them. Also showed that directly and indirectly these wars have caused approximately 190 million deaths since the end of WW2. Krainer says that if 80% of the armed conflicts are initiated by one side, then that needs explanation. It has nothing to do with the narrative of the day (e.g. Saddam’s WMD’s, Putin is trying to rebuild the USSR). It’s because the West (central banking model) needs wars and seeks it out.
Inflating A Cold War State Of Mind
(also highly recommend Krainer’s recent interview with Tom Luongo, posted at Tom’s site, as well as Alex’s interviews on the Geopolitics and Empire podcast)
“[W]e might even see hyperinflation.”
It would require the utmost malfeasance by the Governors of the Federal Reserve. They are not going to willingly surrender their place atop the financial pyramid.
Instead, look for some combination of price controls, Fed asset sales, subsidies and foreign investments to tamper down the inflationary spiral.
Watch for price controls next. Nixon tried it and it was a colossal failure.
Only worked for wages, prices for everything else was going up, up and away
Are any of those going to work in a world with a petro-oro-ruble?
Only the lowest IQ viewers will believe this inflation is due to Russia. Unfortunately, however, the U.S. has millions of low IQ citizens.
to be precise..81 millions who voted for brandon….
Believe those were the “Ghost Voters”
She looks horrible in that color.
Who?
Jen Psuki
red on red, off colored red at that.
Shed be better off going with neutral whites and creams,
greys and navy
The sentence should have ended after the word “horrible”.
Consider the average IQ in the US is 100.
350 million people
Thats a lot of dumb people.
Vladimir E. Goldstein.
His two minutes has passed.
Jen seems to want the advice of the Republicans in dealing with their Border Crisis. I laughed and laughed.
https://www.zerohedge.com/markets/nine-million-americans-priced-out-housing-market-affordability-crisis-worsens
sounds racist to me
30 year mortgage now above 5. Heading up beyond that.
If you’re looking, lock and load now, but only if you absolutely know you will have a job and can make the payments. It’s only going to get worse. Think Great Depression.
For those who lived thru and remember the Carter years, 5 is nothing. Gen X, Gen Y, Gen Z and Millennials: strap yourselves in. You ain’t seen nothing yet……
Was getting interest on savings CDs above 10%, Those that were retired, could live of the interest well.
As if we needed warning of the year plus ongoing Inflation from her or any and ALL corrupt and silent politician that are swimming in millions and billions of dollars which makes them totally IMMUNE TO ANY INFLATION OUR IMAGINATIONS COULD CREATE !
Go to Hell you sold out mouth piece of satan ! And all the rest of you !
PS: You, as we all, should sincerely repent and ask for Jesus Mercy before it is too late .
“Embrace the power of “and.””
Husband told me it took 80 dollars to fill up the tank. I asked him how much it was at the lowest rate this last couple years and he said 30 dollars. I wanted to cuss.
Just a transitory elevation,hills nd mountains have them.
Old Joe and his gang of destroy America first nefarious misfits will not stop until our economy and way of life are totally destroyed.
Stolen elections have disastrous consequences.
Where are WH press shoe throwers ???
https://itunes.apple.com/app/apple-store/id917932200?pt=39040802&ct=Media1GIFV2&mt=8
Only in Bagdad, and one more place that I forgot.
Thank you Sundance for the heads up in October!
I am so thankful for your advice.
I mentioned it to family and friends back then and again a couple weeks ago.
I don’t know if they listened…I hope 😕 so.
Bye-Dunce says “I DID THAT!”
since january this year the dow is off like five percent. the xau mining index is up 25% and about to make a new high.
silver stocks have been a bit overlooked as silver has been to gold. that is changing. so, do you have silver miners?
meet the sweet sixteen:
ag first majestic
asm avino silver and gold mines
cde coeur mining
exk endeavor silver
fsm fortuna silver mines
gpl great panther mining
hl hecla mining
lode comstock mining
mag mag silver
mux mcewen mining
paas pan american silver
plg platinum group metals
silv silvercrest metals
ssrm ssr mining
svm silvercorp metals
usas america’s gold and silver
Best to screen them by mine location and US/ US friendly ownership. These days anything that has to be transported by ship is subject to risk.
CDE and HL are US based, US mines, at least mostly.
I don’t trust anything based in Canada now, at all.
Not investment advice. YMMV.
All this contributes to the fear mongering to further inflame the masses, then they and their media talking heads will channel that anger to everyone except the administration. And the ignorant Obamaphone types will buy it hook line and sinker. Naomi Wolf predicted today what I have been saying for months – another declared emergency just in time for the election. No or limited in person voting so the machines can once again cover the spread. And Faucci has resurfaced to start talking about the fall increase in COVID, how convenient.
Her cadence/style of speaking always reminds me of someone who is uncomfortable with what they are saying.
Anyone that has bought groceries or filled up a gas tank already knows inflation is out of control.
Both!
Unfortunately the Dems constituents do believe them because their brainwashed brains have no clue as to how to research the truth. Bet they would have no idea what Sundance’s chart means.
But it is the “Russian.”
Looks like the Marxists are dug in and they think the loss of the midterms could stymie their ambitions on a complete takeover before another Repug President can be elected. They are now rolling out every change they wanted to make while they can let the blame fall to the sock puppet in the White House. Biden does not even have a clue what is happening and Obama and his gangreen know Old Joe will have to be replaced soon after January 20, 2023. They will have to wait until then so that the newest Presidential appointee can run for two terms after serving out Biden’s last two years.
One more thing. It now looks ominous that Obama and the gangreen think another round of covid crap can boost their chances to win the midterms this Fall. We cannot let them control that narrative again!
Almost no one believes anything this deceitful diarrhea colored hair, degenerate liar, Raggedy Ann look-a-like has too say.
Even breathtakingly stupid, braindead Libtard, DemocRAT morons know she’s a con artist and a fraud.