The federal reserve looks carefully at the Personal Consumption Expenditures (PCE) price index when weighting inflation data. The Bureau of Economic Analysis just released the PCE index for June [DATA HERE] and the results show a 6.8% increase in June from a year ago, the largest jump in four decades.
Wage growth in the second quarter (April, May, June) was generally strong, rising 1.6%. However, it now looks like the consumption index and the wage indexes are creating their own inflationary spiral. In addition to supply-side inflation, driven by Joe Biden’s energy costs, the labor costs are now increasing substantially which adds costs on the production side of the economy.
As wages go up to keep pace with supply side inflation, the prices of goods and services produced/handled by those workers also increases. This is the inflation spiral that can get out of hand quickly. The major concern (not necessarily expressed by pundits) is the inability of any institutional economic response to offset the originating inflation caused by the energy policy. The economic team is pretending supply-side inflation created by energy policy doesn’t exist. They are only directing attention to demand side inflation.
As long as energy policy keeps driving the price of electricity, gasoline and petroleum products higher, workers need higher wages. Those wage increases, while significant in scale, still lag the rising originating prices of the goods; and the wage growth adds to the final costs. Inflation then becomes structurally embedded, hyper-inflation begins. This looks like the current situation.
The monetary policy makers (fed reserve) can only impact the demand side of the inflationary cycle. Raising interest rates does reduce demand; however, it also reduces labor at the same time. Monetary policy cannot impact the originating source of inflation that starts this spiral. The core issue is Joe Biden’s Green New Deal energy agenda.
WASHINGTON – […] An inflation gauge closely tracked by the Fed jumped 6.8% in June from a year ago, the government said Friday, the biggest such jump in four decades. Much of the increase was driven by energy and food.
On a month-to-month basis, too, prices surged 1% in June, the biggest such rise since 2005. Even excluding the volatile food and energy categories, prices climbed 0.6% from May to June.
Employees’ wages, excluding government workers, jumped 1.6% in the April-June quarter, matching a record high reached last fall. Higher wages tend to fuel inflation if companies pass their higher labor costs on to their customers, as they often do.
Friday’s figures underscored the persistence of the inflation that is eroding Americans’ purchasing power, dimming their confidence in the economy and threatening Democrats in Congress in the run-up to the November midterm elections.
But more persistent drivers of inflation show little, if any, evidence of slowing. The wage data released Friday — a measure known as the employment cost index — indicated that paychecks were still growing at a robust pace. That’s good for workers, but it could raise concerns at the Fed about its effect on prices. Chair Jerome Powell specifically cited this measure during a news conference Wednesday as a source of concern for the the central bank’s policymakers.
“This is a (report) that’s going to keep Fed officials up at night,” said Omair Sharif, president of Inflation Insights. (read more)
Bidenflation turning into the train wreck that won’t stop burning……and keeps getting worse.
But the media still backs him up.
At some point in time they’ll want some semblance of credibility.
I don’t see Pravda West having any kind of epiphany any time soon, or ever.
Not at all. They would effectively be admitting they were complicit all along.
……we are well past “credibility”. They have changed definitions for anything that does not match the narrative, they double down on errors, they provoke Russia and China…….and the economic path forward is printing money AND raising interest rates.
This is going to get far worse before it can get better. Buckle up……..”credibility” is off the radar. War is ahead!
They are “burning the boats” and there is no going back – there is only one way forward and it is do or die – both domestically and internationally. I am doubtful that there will be elections come November.
You forgot also raise taxes, thanks Joe Manchin.
….raising taxes is one thing, collecting them is another. The big guys will find ways not to pay!
Yes, the big guys pass it to us, the consumer, when the accountants and lawyers can’t find the loop hole.
The “loop hole” is the same for you as it is for them. It is just you don’t know it.
You state that as if the “loophole” is available to everyone, regardless of their financial situation.
Please describe the “loophole” about which you write.
I mean, cmon man.
I mean, really?
Yes, the lawyers who write the tax laws insert loopholes which are for sale for the right price to those who can afford them. It’s the same with other laws and regulations as well. This is how justice is ‘purchased’ in America. Any of us who’ve bought it know how it works.
I disagree and there is an availability for everyone who seeks it.
What I learned early on and it changed everything for me.
The tax laws for me are the same as the Big Boys. It is just a matter of learning it and applying it. Again, this is just like the Stock market. It is not rocket science and should be taught in High School.
The reason it is not taught in High School is because they do not want the People to know. It is more important we learn about transgenders and all the other Libtard cockamamie. They want to “control” you when you can easily control yourself and with it have a life of freedom.
I mean, yeah.
Larry Summers told Wolf Blitzer that he spoke to Joe Manchin about new Build Back Better bill. Summers talked in detail about why Democrats’ proposed economic package — including its energy provisions — would not lead to higher prices. The new bill is called the “Inflation Reduction Act of 2022”. Don’t be surprised if inflation is even higher next year.
Secession or confederacy are likely outcomes of mishandled midterms.
Midterms will happen. 2024 elections clearly might not.
Transparent midterms will bring progress. Stinky antics surrounding our midterms will very likely create a tipping point for breaking up the USA.
You have to have another form of currency as well, with these Communists running financial terrorism (the printing presses full speed) against the taxpayers.
A return to sound money and not private bankster issued fiat would go a long way to helping right the sinking ship of state.
Not sure they need our $$$ why not just buy more printing presses…..
If there aren’t elections there is no House of Representatives nor 1/3 of the senate. There will be elections they will rig them not forsake them.
If elections don’t happen in 2022 and 2024 there will be no House of Representatives members nor will there be 1/3 of the senate . Those who don’t win a re-election bid just can’t show up for work on January 2 in 2023 or 2025. Do you honestly think the dogs who occupy those seats are willingly going to just give them up? I highly doubt it. Nasty Nancy and chuck schemer aren’t going to just bow out gracefully. They will try to steal the seats just like in 2018 and the presidency, but they won’t not have elections.
They’ll host elections, sponsored by Dominion. They must retain a semblance of normalcy.
Biden is creating a problem that he’ll “solve” before 2024. He had nowhere to go after DT’s success, other than creating a crash and war first. Now he can rise from the ashes and hand the success to the next D nominee.
Recall the Union Carbide train wreck in the 80s?
C’Mon Man, everything is going as planned.
Lithium economy battery fire. Once started cannot be stopped. Must burn itself out whilst releasing ginormous amounts of toxins.
at some point (when it’s so obvious that even a blind man could see), that pack of hyena’s will turn on the Biden administration and begin tearing them to bits. That’s what liars and cheats always do!
When the Democrats started inserting funding for the media (MSM) in their scam bills, you knew the game was up on receiving any credible news from them.
Take a look at the video in this link it is a visual of the illegitimate Obiden diabolical.
https://waynedupree.com/2022/07/biden-presidency-45-seconds/
First I gave up newspapers, then Facebook, the came the absence of the telly and utube, Twitter is falling fast, now the only thing left is the internet. The Left really is as evil as being touted!
The stooges in main stream media peanut gallery are all in on it.
WAll Street loves the spending Biden did this week.
They lost “some semblance of credibilty” a long time ago.
Thats the price they paid, for short-term gains in trashing “Trump” that never materialised.
They willingly destroyed their credibility, to foster Muh, Russia, and every false narrative since, all of which were intended to destroy PDJT.
But, he is still standing, so they have destroyed one of their two most powerful weopons, in an unsuccessful attempt to bring him down.
I would argue they have similarly destroyed their other powerful weopon, the Uniparty strategy, also in the all out attempt to destroy PDJT.
It is being recognised in the “court of public opinion” the full impact of the Uniparty, and Dems with an R after their name, in key positions in the REP Party, enabling their compadres to key POLITICAL offices to enable the BALLOT election fraud to occur.
So, they have willingly or through “forced error” rendered their two most effective weopons inert, and despite that sacrifice, have not achieved their goal.
Naw, that doesn’t sell product. There’s a reason it’s called the “News BUSINESS!”
Everyone should be beligerent in denying them any
Trump warns of stagflation and depression
https://www.theepochtimes.com/trump-warns-something-worse-than-recession-is-coming_4619894.html?
When did the epoch times start charging to read?
No idea when but here’s a paywall byass/archive…
https://archive.ph/pDl4s
“The former president singled out the collapse in Americans’ real wages, a historically depressed labor force participation rate, and the Democrat push for the Green New Deal that he said would crush economic growth.
“Not recession. Recession’s a nice word. We’re going to have a much bigger problem than recession. We’ll have a depression,” the former president said.”
Thanks Dune. How did you get the bypass?
This is a good site to get past a paywall ~ https://12ft.io/
Copied the URL from the OP’s post and plugged it into archive.ph and the site had already archived it a few hours ago. You can, from the link I posted, search for other archived content, as well as archive new content if you so choose.
It won’t bypass every paywall but does get by some of them, besides denying enemy sites clicks and cookie dispersion.
This was from his last rally a week ago.
Thank you.
IMHO, it’s the only news worth paying for at this point.
Yup! $50 for 3 months delivered to your postal box once a week and you have free access to just about all of their on line content. The print version is mailed out each Wednesday from, I think, 3 different locations in the country, so it sometimes takes 4 or 5 days before you actually receive it. Of course, most of what you’ll read you already know about, but ET gives you an in depth analysis of each story item with a definite Conservative bent. That it’s a broad paper and not tabloid form, is sort of nostalgic and fun, and makes good morning reading with your coffee.
A while back, then they raised the price to read by 20 bucks but they give you a 20 dollar Amazon card. No thanks just take it back to 70 bucks and maybe. I paid for them for while but it got worse and not much new so I dumped them. That and comments are from multiple articles and not with a specific article, it just got to be to much for the money.
.
At least a year ago, but you pay for “premium”articles, e-zines, and video content. You can read for free by simply registering your email. But you won’t be able to read “premium” articles or content.
I guess they discovered that giving away all of their labor and resources required to create the newspaper isn’t a very viable business model. The only way to make it viable is to offset the costs with a ton of advertisements that fill 1/2 to 3/4 of every page. Most serious & regular readers don’t like that or the tracking those ads generate.
Besides CTH, I find ET is the one newspaper I will pay to access completely. There is a LOT of quality content accessible with a subscription that free readers miss. Even the archive site mentioned in other replies to your post requires that you already know a particular news story’s URL.
Just MHO.
Agreed in full.
A subscription also includes access to many national editions in many languages.
As a committed Anti-Communist organization with genuine journalists in the best traditional sense I find them essential and am proud to support them.
I’ve reached a point where people so willing to tolerate this level of attacks on the country deserve exactly what they are getting. Let it burn. Maybe we get lucky and people get mad enough to go find these plutocrats and introduce them to some 19th century justice. Plenty of trees in Washington.
On the same page. Get this 1776 started. When your vote no longer counts, laws mean nothing, what else are you going to do?
Damn’em…
I ready to enact some pain, misery and darkness on them…cause they are immune by their own voting and methods.
Meeting you at the ol’ bell tower ocifer! We ride at dawn! geronimooooink!!
Yes sir, take the mules to DC.
Send some north, some south, with pols tied to the respective mules…….
What’s old is new again…
The need for Vitamin Pb is really apparent. A bit cheaper than hemp!
The prices of those vitamins are kinda steep (at least here they are – Canada)….maybe the hemp would be the better bet?
🙂
Epic Spin.
Wow… Nichols is supremely delusional. He must not be a lower to middle class American who has to choose between gas in the car, groceries, or electricity. Quiet courage my arse.
Well, it is The Atlantic, after all…
A lot of delusional people over there.
The technical name of this kind of fictional article is called leftist propaganda! Only full time mask wearers and those all caught up on their “booster shots” believe this bullshit!!! I want to be saved from leftists idiots and Biden sycophants like Tim Nichols!!!
Young, personable chick at my job–got COVID. Today, she was back at work. I told her I was happy she was back so soon (a week). She chirped that “Yes, but I was double vaxxed and BOOOOOOSHTEDDD, so my symptoms were very mild.”
I didn’t have the heart to tell her that I am a pureblood and I have yet to catch the Wuflu.
Same line I get from anyone I know who has been vaxxed and infected. I list the others I know who are unvaxxed and get mild cases or those of us unvaxxed and so far, so good.
It doesn’t matter, they do not hear it, they are committed to the cause.
Some are committed to the cause, other say it because they think they are supposed to. I never realized how powerful propaganda is, even on highly educated people.
Sometimes the highly educated are even more susceptible. Many have lived many years in the collegiate community and are impressed by pedigree (H/T Andew Wilcow) instead of substance. Ted talks and peer reviews instead of outcomes.
Let her know that the more she gets jabbed the more susceptible / vulnerable she is making herself to getting sick.
I’m sure she’ll appreciate your concern.
I had a guy in a work situation tell me that too. I don’t work with him regularly, just recently, and he’s at a different employer. So I don’t know him or his work culture. But to respond, I just looked at him like “you fool” and said “no, it’s because you’re not at risk from the virus. It’s pretty obvious by now that the vaccines don’t work.” He agreed with me, and said some other things, but what struck me was how he was happy to be able to agree and say what he really thought. Like either society or his employer has made him afraid to dare question the vaccines.
At this point, that is my only comment “We know enough now to know vaxxes simply do not work”. They will agree to that point, but usually respond with the “milder cases” propaganda.
Tweet has been deleted.
Yes, to much information that would not help the narrative that the Globalists want.
Tweet was deleted and replaced by this one in which he admits getting trolled and offering more explanation.
Thanks Mari!
D’oh!
Epic Troll!
Who did it?
When I first read this, I thought the headline was real and the guy took it down because of criticism. I could totally see a headline like this. When I read more closely, I saw that it was a made up headline.
Tweet was deleted.
Yeah, if only wages were going up. I’m in the transportation business, and any hoped-for wage increase goes right into the fuel tanks.
And… It is basically theft for retired people.
Nous sommes “Lebenswertes Leben,” apres tous.
The administration is insisting that inflation is your fault, not the government’s.
So please, let us retreat to dark, cold homes, eat our bugs, and stop complaining.
And the Uniparty, with Manchin helping out, is about to put us another 700 billion in the hole, which will exacerbate the inflationary pressure.
We can’t get to a Congress dominated by MAGA Reps and Senators too soon.
After that happens, the impeachment of the various Obumbles/Buy Done Secretaries can commence, along with a proctological examination of Justice and the FBI.
Congress WILL NEVER be dominated by MAGA Reps…
NEVER.
CONGRESS is ONE party and it’s not MAGA and won’t be.
MAGA would MEAN no $$$ being received. They ain’t giving up the $$$.
GLOBAL is where the $$$ are and that’s where THE VOTES ARE….NOT MAGA.
Sorry to be cynical, but I’ve been seeing this BS since Ronald Reagan departed.
The damn Bushes started that global, one world order crap and look where we are today.
Vote < Volunteer < Run for office < Shoot them. Levels of effort and risk. Voting is a pretty minimal ask.
Voting for whom? Vote RINO get RINO.
The 2023 GOP will be the same as the 2022 GOP with perhaps a handful of MAGA. McCarthy will be voted as House leader. McConnell will be voted as Senate leader. And they will have confirmed yet again that conservatives truly are the victim that never learns.
Are you encouraging people not to vote in 2022 because they’ll get RINO leadership? Is that from an accelerationist viewpoint? I can count on the GOP, if in power, to at least cause me fewer problems than total Democrat control. I don’t have to love them, just acknowledge that I don’t get screwed as hard or fast. Just posting black pills in the comments isn’t going to change anything. See my post above, voting is the bare minimum of what anyone can do.
Your premise is based on accepting there was no RINO treachery that put Biden and the Democrats in charge in 2020.
The job of the RINO is to clear the path of the left so they can then do the visible dirty work. The job of the RINO is to preserve leftist policies if the Democrats become the minority (Obamacare).
The RINO performs this job by nullifying the vote of conservative voters so it has not effect. The RINO does this by causing “fewer problems” than Democrats when they are in majority.
Reality is not a black pill. Reality is the coup d’etat. reality is the 2020 election theft. Reality is McConnell in charge because he faithfully represents the GOP senate. Same for McCarthy. Same for Ronna.
And finally. Let us talk about “not voting”. I am all for voting. I want to vote for real conservative politicians who actually fulfill their election promises. I am for a real conservative political party where every politician is some version of Trump.
Let us now talk about the “blue pill”. The one that supports voting GOP no matter what. Who is the victim? The person taking the blue pill or the person who embraces reality.
Vote straight democrat to accelerate the country demise. Better yet walk 535 into the Potomac
What color pill is Hemlock?
For reference: the “red pill” meant accepting the reality behind the deception. If anything, I am monochromatically red.
You don’t need to vote left. You just need to stop voting left. And voting RINO is voting left. Not just “less” left, but criminal left. As in leftists running a con game against people they despise. Indeed, they say so when caught on tape.
Dear HANBUN,
“Two years ago, we had greatness like no one had ever seen, and soon we will have greatness again.
With all my heart and soul,
I firmly believe that the American People will reject a fate of decline,
demoralization,
and ultimately,
defeat.
And I believe that we will come together,
and choose instead a future of renewal,
revival,
recovery,
resurgence, and in the end,
a nation that is more exceptional than ever before…
America’s story is far from over—
and in fact,
we are just getting ready for an incredible comeback—
a comeback that we have no choice but to make.”
~ President TRUMP
Two years ago we had the GOP in the white house.
Life was better …
Anybody who says it was not the GOP in the white house ,
two years ago, is no better than people who say we are not in a recession.
They have to change the definition of words.
The definition of GOP has not changed since it was first used in the 1870s.
Wow.
“The GOP has not changed since it was first used in the 1870’s”
I’ll say it again. Wow.
You excluded the key words in PDJT’s sentence to assert your “Wow”: definition of.
Makes all the difference in the world, n’est-ce pas?
PDJT is trying to reform the GOP and return it to that earliest definition in full.
He is not disingenuously splitting hairs, he is performing the most perilous hostile takeover in history, and he could use a little honest support.
Hanbun, you are I are on the same page.
Here in Texas, I refuse to vote for anyone that I view as GOPe/RINO. For example, Abbott for Governer, Crenshaw for House, and Cornyn for Senator.
This is not entirely binary for me. There are shades of RINO. For example, Cruz, IMO is a somewhere between pure RINO and something palatable. He dances close enough for me to consider giving him my vote. Others are the same.
But, once I believe the person is close enough to a pure RINO, I will not vote for them. Does this mean that I will vote for Beto or (D)? No way. I will find someone that has no chance of winning but is closer to what I want. If this means that a (D) gets in as a result, so be it.
Oh, ZERO dollars from me to the RNC as well. Not one penny since Nov 2020.
My views are moving toward yours. I used to vote for the most conservative in the primary then GOP in the general regardless, but not anymore. In Texas, I wouldn’t vote for Cornyn in the general. I’d write someone in.
Mitchy McCuckold helped Scummer engineer this bill. With the Current Rulers of GOPe Quislings and Crooks the “Red Wave” sElections to alter the Course of Socialism and democRat Bolsheviks is a pipe dream.
The UniParty Rules DC, either wing of the Buzzard is still a buzzard.
https://boriquagato.substack.com/p/believe-in-something-even-if-it-wrecks
EXACTLY.
NOT going to be MAGA.
McConnell and Mcarthy=====Schumer & Pelosi
AND, Pelosi & Schumer WIN every time….
From the article: [By raising raising rates] “The goal is for consumers and businesses to borrow, spend and hire less” That might work in normal inflation, but when you need to borrow to stay afloat (or buy groceries or fix your car), I just don’t see how raising rates will help slow inflation. It seems to me cheap, plentiful energy might have a positive impact in lowering inflation but I don’t make the big bucks that those clowns in Washington do.
Embrace poverty plebes!!
Hyper inflation, depression, collapse, recession, blah, blah, blah. Call it what you like, means didally squat if you are freezing and starving.
NOTHING functioning and ALL BY DESIGN.
Punish
Misery
Name of game in DC.
Yet, WH and Capitol Hill’ers are rich $millionaires and aren’t affected in any way.
Their gas bill to travel to work is pd for by We The People.
Their offices and staff are paid by We The People.
Their housing is paid for by We The People.
Think any of these idiots shop for food? Nope, wining and dining at the finest of fine dining.
Talk about out of touch, out of reality and out of sync. NEVER this bad and there’s 2y more of this misery and destitute and pain .
And raising interest rates, raising fuel costs, utility costs, food costs and now talk of food shortages.
This is the Land of the USA?????? NEVER since the depression has the USA seen such bleakness, abysmal economics, darkness and void of joy, hope and higher expecatations.
The RICH have become richer, the poor are much more poor and the middle/working class is become pseudo-lower-poor class although working. Wages, earnings aren’t close to keeping up with inflation and surging costs of every basic need of life daily. We are losing $$$ and ground everyday.
Dutch farmers took to the streets and roads and borders and ports and GOT their govt’s attention…..
Our govt will beat down, destroy and arrest/imprision any detractor….
Wake up America, Americans, we are going down the tubes….
And the border is wide open to accept anyone coming, good, bad, evil, criminal, etc and we’ll support them 100% of every need, cost and human necessity. Thanks to the DC corruption, govt, pols, WH…who have allowed our country to decline further and further everyday…
nice
All true, and may they and their families and all like-minded ilk suffer the same permanent fate of all tyrants, dictators and oppressors before them.
Welcome to BIDENVILLE!!
And he nor his family are affected…party time, wedding time…beach time,….all you read about that crowd. Hunter time…pills, prostitutes, alcohol…
Wage increases sound nice, but any sound company will increase the price of their products to match.
Thus increasing prices for everybody else, thus requiring more wage increases.
The structural solution is not wage increases, it is to bring down the number of currency units (but that would be deflationary)
Too many currency units chasing the same or less goods and services, is responsible for a HUGE (if not all) part of rising prices.
Unless you work in healthcare where prices are fixed by Medicare and contracts… lol Pay raises what? lol
BSN ICU nurse in the 1990s in Tallahassee was making $56k.
How much is a BSN floor nurse worth now? Locally, they get 10k sign-on bonuses from the various hospitals. I lost two good farriers to nursing school in the last five years (both men, ironically).
Healthcare must pay pretty good.
Did you hear about this??? Better Listen Up!!! CYA is becoming SOL,
https://rumble.com/v1dqkb1-whole-world-is-a-banana-republic-bill-holter.html
The PPI inflation number for manufactured finished goods is 17.9% as of today. Will go over 20% in August.
Wage increases for workers…those lucky enough to be working will have to do the do the work of 2 because employers can’t or won’t hire more
“The monetary policymakers (fed reserve) can only impact the demand side of the inflationary cycle. Raising interest rates does reduce demand; however, it also reduces labor at the same time. Monetary policy cannot impact the originating source of inflation that starts this spiral. The core issue is Joe Biden’s Green New Deal energy agenda.”
The Green New Deal is just the method necessary to create inflation so the Corporatist and Governments need to write off the global debt they have accumulated via their crony relationships.
And then they will begin the process again.
I have been playing mental gymnastics with this supply/demand equation and the spiral we are in today (yes I am out of shape for this exercise) and how that allows for Governments to inflate their way out of debt.
Think in terms of the demand-pull inflation – too much money chasing too few goods. There must be a continuous push and pull on money and goods. And this needs to be a 10-year process. Think of the stagflation of the 1970s
Meanwhile, the WEF globalist pushes their partners in Government to eliminate access to essential products in the name of the Green New Deal. This creates more inflation as governments step in to subsidize their voters for a limited number of essential goods.
This sounds close to the ZH commenters that say a debt jubilee is coming. Along with CBDCs.
I’ll take your word for it. I’m not familiar with a debt jubilee. Although I think CBDC’s will fail. Canada has open eyes to that scam.
Edit: I looked it up. It makes sense when you consider the Central Banks sitting in their hands for so long when inflation was blowing up.
Everything costs more when you see the dollar reserve currency slipping.
Sanctions and Swift actions against Russia are noted by all. And leads to alternate currencies being used.
Biden’s Legacy will be pushing the World off the US dollar Reserve.
Who is going to stand up and yell “THE EMPEROR HAS NO CLOTHES!”? Who would even be listened to?
The stock market has clearly bought into the nonsense coming from the White House.
I wouldn’t be shocked if the DJIA goes over 40,000 before the election in November.
Not sure how we can allow the same level thinking fix the mess they have us in This is all planned, meanwhile the $370 gazillion Inflation Reduction Spending Blowout is queued up. Just FN Nuts!!
And the idiots on Wall Street are bidding up equities again today. Total disconnect. Chaos
Might be a feature not an anomaly, issue. Intentionally causing the most pain to the deplorables invested in the market.
To many coincidences occurring for happenstance. Appears to those watching, enemy action.
As Sundance etal has stated so eloquently, “Once you see the mariotte strings, you can’t unsee them “.
Sundance, you said yesterday that the Fed can’t raise rates into a recession. Is there somewhere I can find that in what the moonbats would call a reliable source?
The word games become much more serious if that is indeed the case, and I plan to call them on it.
The Fed is a private bank which does as it pleases, depending on who benefits. There is no oversight. Or accountability. They are their own masters.
The Fed has to raise rates…. despite all the noise from Democrats, etc.
They should have done it long ago, well before now. They were too busy accommodating their Wall Street buddies, and trying to reach that magical, picked out of thin air 2% inflation target.
If they were serious about tackling inflation, that’s when they would have done it… well in advance.
Now? They aren’t serious. They got themselves stuck between a rock and a hard place. The small basis point increases won’t make even a small dent. In order to get on top of it, they needed to go higher…which they can’t do without bringing everything crashing to the ground.
They are nothing more than ideologues in the service of the NWO and every Davos central banker. What they’ve done is nothing more than lip service to the thing which has its boot firmly on all our necks.
I’m thinking a surprise interest rate hike soon. That will take a nice chunk out of 401k and other retirement plans.
The stock market I feel is betting on the Fed having to start backtracking soon…thus it was up astronomically today.
And I realize peoples’ 401 Ks are important. Our children have them as do millions upon millions of others.
But for us, seniors, who have saved for our retirement with the heretofore belief that saving is a good thing, and that we would receive a moderate degree of interest on it, we have been spat upon from a great height. Sound money, in other words, as it always was, but now is dead.
Since 2008, we have been decimated and chewed up by financial repression. No return whatsoever. Not even in a CD. Inflation is devouring us, and not in small sized bites either.
The casino that is the stock market is not a place we can afford to be. Thrift as a moral good has been murdered.
So that’s where we are, courtesy of big banks who rake in their billions, sign on to fashionable ideologies and murder (transcultists and Planned Parenthood through their donations). You can understand why I might be a tad bit touchy about the Fed and its foul maneuverings.
I don’t know if you saw it but yesterday there was posted an article that said, when joining the BRICS, countries would no longer have to pay back their dollar debt. Those countries would now use their own currency in the BRICS backed by natural resources of that country.
That’s a HELL of an invitation to join the BRICS+.
I didn’t, mark…but I did see this ridiculous headline in the Daily Mail…
“‘There is no path out of economic oblivion for Putin'”
…so said some “expert” from Yale.
It went on further…
“Russia is LOSING the financial war with the West, with sanctions catastrophically crippling the country, new report shows”
I laughed out loud. I’m surprised you didn’t hear me wherever you are.
It’s BRICS full speed ahead leaving the West eating its own dust.
The clip about the food bank running out in 90 minutes is true most everywhere. Local food charities and blessing boxes in my area are running out and not as many people can afford to donate to the boxes now. The motto is take what you need, leave what you can but people need to take more and it’s getting harder to afford to leave stuff.
I was at a school supplies give away recently. I arrived five minutes after the doors opened to find only a few pencils and a ruler left. I was told that several hispanic families arrived 30 minutes before the scheduled start time, were let in early and left with almost everything.
That is why I don’t give to the “school supply drive” at work.
If I know a family at church or in my neighborhood who is in need, I give them what they need if I have the money or supplies to hand.
Other than that, tell the improvident incontinent parents “Don’t breed ’em if you can feed ’em (or can’t buy them school supplies, shoes, clothes, etc.)”
I take food from a church to a county food bank once a week. I have noticed that in the last 6 months donations are down by over 50%. Once there were only 2 cans of tuna and another 2 bottles of shampoo. I took them the next week so to save a gallon of gas.
So, like just print some more money and give everyone free EBT cards and food stamps.
On top of that, start using price controls. Cap that food at a certain price.
Print, baby, print. This Detroit Diesel economy got big momentum and a tailwind on its side.
Destination: Total Clown & Crap Show starring Sgt. Pedo Peter and the Magical Mystery Tour.
We are barreling at break-neck speed toward the edge of the cliff, after which the entire Western economy will go into free fall. At this point the only thing that can avert a global depression is to immediately abandon the Green New Deal energy policies. Since that is not going to happen … well ….
This isn’t some unintended result of a misguided Green New Deal environmental ideology. No one behind it actually believes that climate change nonsense.
Green New Deal and the climate ideology behind it are nothing more than a convenient excuse to deliberately crash the Western economy so it can be “built back better.” That means the elite will own everything and the rest of us will huddle in line in the cold for our weekly allocation of bug protein and hemp toilet paper. At least, that is their plan for us. Will we accept that fate?
I don’t think that even the dumbest Tik Tok zombie will accept it. Why? They are consistently sold on a high level of personal consumption.
Yes, because we are too lazy to get off the couch and computer to actually go fight. Many can’t do that either too old, too fat out of shape yada yada. We are too soft and too many have drank the Kool aid. Prepare to live as you are without as much food.
As I read this post it’s so obvious to those of us who are paying attention. I’m concerned that so many Americans listen to the talking box and don’t think for themselves.
The sad reality is that the majority of Americans don’t think for themselves; they need someone to tell them how to think.
Hopefully they’ll wake the F up and start thinking for themselves before the point at which theyll need to start scrounging for bugs to eat for protein, bark off of trees for fiber, and harvesting wood to burn to cook the bugs with and to keep from freezing to death in the winter.
So, demand for goods decline, which is one driver for higher unemployment. Then, wage increases get tossed into the mix, and become an independent driver for additional unemployment as inventory piles up and manufacturing slows. Powell can, is, and will attack rising wages in the private sector (historically, the real job of the Fed s has always been to put the brakes on wage growth), but what influence does the Fed have over wages in the public sector? NONE. Government jobs at all levels, already prized, are going to become even more valuable going forward. One of the hallmarks of a banana republic is distributing government positions through patronage networks.
It should make the tens of millions of illegals here feel right at home.
One downside of public jobs, even if the printing press keeps them solvent after citizens stop paying taxes is, in adverse action, every public employee will have a bullseye on their back particularly the unelected bureaucrats who are known scourges of patriots everywhere.
With inflation burning down our economy forcing us into what might become the great recession, maybe even be depression. Old Joe and his gang instead of pouring water on the fire are pouring more fuel on the fire.
They are deliberately trying to destroy our Republic.
Co-Vid and euthanasia and now hyper-inflation.
Not a good time to be old. Never a good time to be old and poor.
Provide, provide.
Seems the Bible commentaries related to Revelations 6 are on the short horizon. “A day’s wages for a loaf of bread” might not be far off.
And the nerve of the left to attack Trump on anything and everything 24/7 365 ha ha ha ha ha
Trump was 100,000,000 times better in every single way on every single issue .
Biden’s even much much worse than predicted which is mind boggling because he was predicted to be completely incompetent .
This is more proof election fraud we be relied upon completely in order to retain Democrat and Uniparty power. Dont think they dont already have the mechanisms of fraud perfected yet (thousand cuts) now that they have Complete control of every institution and 4th branch total support. Theyve already factored in the MAGA and RED Wave Tsunami’s. Media ready to bury the evidence and run the cover as usual. Nothing has changed except more people will realize they are being held hostage by a illegitimate regime.
Uniparty wont win them all. Just enough to retain power is the plan.
A fair election is just too easy and good to be true. Aint going to happen. Theres your reality. just sayn so you dont put all the eggs in one basket again
Joe Biden, and those who shill for him on MSM, are “Stagflation Deniers.”
They will replace Biden with Kamala this year. We will they be told over and over again that Kamala will fix everything when instead she will be doing what she does best and that is nothing.
We will constantly be told to give her the same time as we gave Biden until it is 2024.
It is very obvious that the United States is being brought down to a very low place. I mean anyone with one brain cell can see we are a downward spiral that’s not even close to the bottom. I mean some claim to see the bottom from here but I’m afraid we gotta ways to go.
A very low and humble place belongs to the bottom dwellers.
Our collective arrogance in the United States reaches to the heavens.
its not downward for people that are easy at transitioning to social credits to play in playland.
United States citizens arent weak, they are just use to civility and prosperity. They are currently in the phase of saying WHO FIRST (WHO WILL JUMP FIRST).
mark my words – the only time will be during 2023 campaigning – George Washington style. No other time will a civilized domesticated citizen agree to fight (Than an ELECTION TIME)
Indeed.
Someone, somewhere is going to have had enough of abiding by society’s current (un)civil rules and resort to sorting things out according to the precepts of natural law and its creator, from whence all legitimate authority originally derived from.
Things will definitely be getting more, shall we say? Interesting, and not necessarily in a good way.
every report will be a receipt of the damage to us the global recruits are doing.
Just know – 2024 election campaign will not be about voting by stolen votes, it will be with your feet and your willingness to unite with others.
PDJT’s campaign doesnt have to be legal (indictment) – because he is George Washington’ing this – and not PDJT for President’ing this.
by slowing energy purhcasing due to price – the Global Recruits will get the gas down by Novemeber.
inflation helps that goal – because the normal consumer can’t visualize pain any easier than at the pump.
Brent Crude closed today over $110.00. $103 last week. Here in W Maine, the price at the big boys like WalMart and BJ’s has been hanging around $4.05-$4.09 for about a week. But most of the smaller outlets that were down in the mid to upper $3.80’s last week are, today, $3.98, $3.99
Saw today SE Wisconsin, BP $3.94/ gallon regular. Dropped 5 cents since Wednesday.
This is an excellent, concise, easy-to-understand article … one that should be broadcast on the “news” networks daily until the reality sinks in. Now there are mutterings about AOC running for POTUS in 2024 (Newsom wasn’t bad enough, I guess), and the economy-crushing policies we are living through will be cast in stone should that imbecile rise any further to power.
People who are retired are really struggling because their “wages” are not increasing at all and the value of their savings continues to go down and down and down.
“Employees’ wages, excluding government workers, jumped 1.6% in the April-June quarter”
Why are government workers excluded from this calculation?
Remember not to use a wheelbarrow, that won’t fit through the shop door, to haul your million $, to buy a loaf of bread.
Just tuck some ammo in your pocket, instead.
The cabal is using inflation as one of the tools to “rebalance” their perspective martketplaces, not just fossile fuels. Every marketplace is effected. Energy, textiles, food, Rx, medical, durable goods, tranportation just to name a few will be brought to bear by the cabal to predetermined ranges. Airfare is already being capped. Upcoming is food ( the fertilizer hoax will be coming to the US) and Gates and company will decide not what will grow on their land but what not and beef is high on the list with high density proteins coming next on the list.
As Sundance says, prepare accordingly.
The enormous US debt will ensure this debacle continues. Raise interest rates like the 80’s? Gov can’t make interest payments and just prints more money. Economy declines? The political class can’t cut off their source of ‘income’, those who benefit from their profligate spending. We have, since the dot com bust, been handing out $$ by the 10’s of Trillions. This is the end result. Stop inflation by raising rates, kill the stock market and economy. Kill inflation by massive cutbacks in Gov largess, lose elections. This may be a really nasty reckoning.
Inflation insights: stop hiring morons who have no idea of what they are doing! It’s all smoke and mirrors and “we’re in this together.” PS the PoS with the peaked eyebrows looks like a Harry Potter character.
There is one other unpopular response to raising prices that does not include inflation impacting wage increases.
The US Secretary of Transportation Pronoun Butt-ache was not being flippant when he said buy an EV … he was not necessarily saying buy an EV as much as the new mantra being “change your behavior and shopping list to save money”. This is advice actually fits the plan described by Sundance because consumers changing their purchasing patterns and habits is the same a reducing demand … with all the expected knock-on effects related to reduced demands for goods and services (i.e. there is NO need to manufacture the goods nor hire people to provide the service).
I believe this is also an actual feature of the intended direction of the plan to bottom out major domestic GDP producing assets for the transition to the BBB and Green Agenda based economy.
well, since they’ve apparently decided for us we’ll either be eating people or insects in the near future, when does season open on communists? they might have a ‘gamey’ taste, though. never tried.
As long as we’re redefining what a recession is, let’s stop calling the 2020 forced economic shutdown a recession. It was, after all, a forced economic shutdown. It was not just something that happened due to any economic factors. it was entirely due to the forced shutdown.
All of this is too inane to be mere stupidity—it’s evil; it’s genocidal.
Government spending is so much fun!
How about the non-preferred index that is over 20%.
Phoney #s from a Phoney administration!
Touted by their Tokyo Roses .
The pain, suffering & death they cause the innocents will not go unnoticed, or “unrewarded.”