The great pretending continues. During a Sunday talk show appearance, San Francisco Fed Chair Mary Daley states, “what I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.” Note, she is not talking about energy.
Margaret Brennan, maintaining her position as the professional CBS narrative engineer, never thinks to ask: (a) where is this demand you speak of, and what exactly are they demanding? and/or (b) What is this 50% inflation on the supply side connected to? Obviously, an actual probing of inflation wasn’t in the script. The great pretending continues. [Transcript Here]
CTH has stated without reservation that August’s inflation report will show a significant –albeit temporary– drop in inflation as measured by the govt. The drop in gasoline prices throughout July (created by a drop in demand) will allow the fiscal and monetary policy makers to falsely claim overall inflation peaked. However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain. This delayed food inflation will overtake the energy inflation in the latter part of this year. WATCH:
[Transcript] – MARGARET BRENNAN: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you.
FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning.
MARGARET BRENNAN: The San Francisco Fed said fiscal spending during the entirety of the pandemic, all the congressional funding contributed 3%- a 3% hike in inflation. Do you expect the congressional bill that’s about to pass to add to inflation as well?
DALY: Well, let’s remember that during the time that there was this fiscal relief during the pandemic, there was also monetary policy relief. And those were things necessary to get us through the pandemic. So that’s why that was such an important component in history, will be the judge, whether it was too much or too little. But right now, that’s where that was. And my staff have evaluated that. When I look forward, there are so many things going on in the economy right now, both domestically and globally. And we are struggling with high inflation. But the Fed is committed to bringing that down. And we’re looking at not only things that Congress passes, but also what happens across the entire world.
MARGARET BRENNAN: So do you think this bill will- will add to inflation? Has inflation peaked? Can you say that?
DALY: You know, I really can’t comment on pending legislation, and it’s really hard to tell because all the details haven’t been worked out yet and or the time frame in which those things will take place. So right now, I think the most important thing, Margaret, is that inflation is too high and the labor market is strong. The global economy is struggling with ongoing high inflation, and that’s what I’m focused on.
MARGARET BRENNAN: You are a labor economist. We had this surprisingly strong jobs number on Friday. Why was it so surprising? What was it that economists missed here? What was your takeaway?
DALY: You know, it’s super interesting. You know, it did surprise everyone who tries to figure out exactly what the number will be. And we were you know, a number of projections were well off. But, you know, frankly, if you’re out in the communities, if you’re you’re traveling anywhere, you’re you’re just going in your own community. I don’t think consumers are workers or businesses were that surprised. There’s help wanted signs all over the place. People are can find multiple jobs if they want them. Search times for jobs aren’t that long. So I think the labor market is continuing to deliver. It just tells me that people want to work and that people want to hire. But the universal truth is that inflation’s too high.
MARGARET BRENNAN: But does it still or does it indicate that recession is not where we are or where we’re going?
DALY: If you’re out in the economy, you don’t feel like you’re in a recession. That’s the bottom line. The most important risk out there is inflation. And I think the job market just confirms that.
MARGARET BRENNAN: Okay. We’re going to take a break and come right back with you. Mary Daly, stay with us. We have more questions.
*COMMERCIAL BREAK*
MARGARET BRENNAN: Welcome back to Face the Nation. We continue our conversation now with the head of the San Francisco Federal Reserve Bank, Mary Daly. In that jobs number on Friday, we also saw that wages rose, but they’re not rising as quickly as inflation is. How concerned are you that that shows inflation is really becoming embedded in the economy in a way that is really going to force sure your colleagues at the Fed to continue to have to hike rates.
DALY: You know, I don’t see inflation is embedded in the economy, the kinds of things that we would worry about just not being able to correct easily. What I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply. The Fed is really well positioned to bring demand down, and we already see the cooling forming in the housing market and investment. So I do see signs that the economy is cooling. It just is going to take some time for the interest rate adjustments we’ve made to work their way through. And we are far from done yet. That’s the the promise to the American people. We are far from done. We’re committed to bringing inflation down and we’ll continue to work until that job is fully done.
MARGARET BRENNAN: So it would still be appropriate to raise rates in September by half a percent?
DALY: Absolutely. And we need to be data dependent. It could. We need to leave our minds open. We have two more inflation reports coming out, another jobs report. We continue to collect all the information from the context we talk to you to see how this is working its way through the economy. But you mentioned, you know, wage growth a little bit above 5% inflation. Last print at 9.1%. Americans are losing ground every day. So the focus has to be on bringing inflation down.
MARGARET BRENNAN: One of the things the Fed can’t control is geopolitical risk. How concerned are you about what is happening in the Taiwan Strait right now?
DALY: Well, there’s so much going on globally, and I think that’s really something that we need to think about. It’s just getting through COVID, making sure the new variants don’t derail economic activity. We have central banks across the globe raising interest rates to try to bridle their own inflation. And we have ongoing developments that take place geopolitically or just more generally among countries and all of those things. The war in Ukraine, all of those things create headwinds, if you will, for the US economy and we’re going to have to lean against those headwinds for growth while we bridle inflation.
MARGARET BRENNAN: The Fed has its work cut out and I know we’ll be talking again. Thank you very much, Mary Daly. (LINK)
Oh no, if this is the depth of their analysis we are looking forward to a very deep recession or even a depression. Where are all the intelligent CEO’s?
Retired Magistrate here: We had one as President, then he got cheated out of office.
Agree! But of the bankers I’ve seen, the Fed chief and now this woman, neither impress.
🙁
Intelligent CEO’s? People like Daly (even tho she’s part of the Federal Reserve) are Administrative State puppets following the orders of those higher-ups who are working to collapse this sovereign nation. They don’t analyze this any deeper than necessary to provide pablum-level replies to answer the Media’s questions, which they know are going to be soft anyway. That’s why their public statements are full of contradictions, irrationalities, and word salad.
The Biden (Ozero) mal-Administration is working to execute a controlled collapse of the United States in order to turn it over to the totalitarian control of their Masters (WEF/ Davos . UN / WHO, etc.)
I believe these scripted interviews every Sunday (and during week evenings) are merely intended to keep up the long-maintained illusion that government is actually working to improve the economy for the citizens.
For awhile during President Trump’s term, there were actually a few people in his cabinet who actually WERE working to improve the economy and average citizens’ lives. But most of the Deep State globalists continued to undermine them and have been going full stem towards collapse since Jan. 20, 2021
She’s the one who said she’s personally “not feeling inflation” anymore. Well I guess not with a net worth of around $6 million and a salary of half a mil.
Odious and out of touch. Perfect qualifications for her position.
Let’s all have a piece of cake.
With gourmet ice cream.
Hard to spend six mil dangling from a lamp post.
Wealth is distributed automatically upon death.
Her lifestyle limits her exposure to the real world. 🙄
Perhaps it is our unchecked desire in the main to attain exactly her lifestyle, or at least as close as dammit to it, that is causing “the real world”. I am not for one minute suggesting one should not strive for success, and reward – however I believe our ultimate demise (or success) stem from our choice of exactly how and what we measure as “success” and “reward”.
^^THIS^^
To me, success is measured by how much Freedom I have to live as I choose.
I’ve posted before that I doubt she has taken a look at the destruction or the people who have suffered because of Fed policies enacted. Their favoured cronies, Wall Street and CEOs have all benefited enormously of course.
But the middle class who have taken the brunt of the fallout? I very much doubt those who keep this country ticking over have been given a single thought.
They aren’t within her frame of reference. She and most other people don’t think a lot about who grows, processes, transports their food or who gets energy to their homes. In their circle everyone thinks alike and does most of the same things earns a certain amount of money, etc.
In their world. Food comes from the supermarket and the maid does the shopping. Clothes come from Nieman Marcus, and the valet does that. Energy comes from the light switch and the butler is in charge of that. Gregory brings “around” the car when it i needed and the gas tank gets filled by Gregory’s magic.
Any questions?
Look at Sri-Lanka. People like this get hunted by the mob. They think they are untouchable , until they’re not.
When things get bad I wouldn’t want to be anywhere near them.
( Add to the mix the anger over vaxx death / injury & LIES …….. powerful mix that )
You don’t hear anything more about Sir Lanka
Or Panama , they put in price controls…….. ‘cuz that always works. /s/
Michel_Yon on gab . com – covers many hot spots.
He is an incredible man. His frequent flyer miles must be in the tens of millions. One of the “must listen to” names in the world today.
MSM won’t touch it. Keeping the hoi polloi in the dark. Or at least those who still remain in blissful, incurious ignorance.
Sri Lanka got rid of one WEF tyrant who was immediately replaced with another.
No one wants to see what happened there happen here. Those who are still alive to tell the stories of war and upheaval warn of how bad it would be. I believe those who are bringing misery to all of us, and whose intent is to deliver a hell on earth to all, have not truly considered an event such as we witnessed there.
But a starving nation cannot sit back while it is finished off. I pray this would not happen, but if it comes to it, I will not be surprised.
‘Let’s all have a piece of cake.’ – Betsy jones
‘About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.’ — Mary Antoinette Daly
How balanced! How bipartisan! How devoid of actionable insight.
If ol’ Pol Pot were still around, he’d rusticate this contumelious carpet-muncher (minus her glasses) to dig irrigation ditches with her bare hands.
Why are we afflicted with these useless eaters?
Excellent, Jim! And she’s wearing her “smarty spectacles”. They give her a gravitas she simply wouldn’t have without them.
Has produced nothing and has no understanding of even basic economics. Much as we find with her fellow Fed cronies.
“all of those things create headwinds”
Which is something I personally know a lot about…..why just look at my hairdo.
Look out Wordman, you have a competitor! 😀
No, it’s the communist administration that is bent on destroying the middle class. You will either be rich or poor.
I can tell you that demand is down not up. My job is dependent on consumers buying things, other than energy, and our work load is down by almost half. Employees in this position cut by 1/3 and still too many of us.
The latest bill will raise taxes on American manufacturers and drive many companies out of business. They want to destroy US industry.
yea – people are doing less of everything, because everything cost more now.
“And those were things necessary to get us through the pandemic.”
It’s a failure of my own vocabulary to not have a more succinct way of describing why this statement nullified all her following. It seems to me that everything she’s saying is predicated on the fact that the actions they took then validate the actions they’re taking now.
But each situation, ideally, would be measured on it’s own for the exact result it would produce. Are we essentially seeing a house made of sand form in real time?
The pandemic “required”, so they said, the cessation of much productivity in the work force, supposedly for their safety. However, the largest section of the work force productivity was not at risk. It would seem that they subjected the “strong” to participate in the limitations of the “weak”. When rather, a better outcome would have come from the strong supporting the weak.
Day after day we see just how backwards all of their actions are. Perhaps the contention I feel learning the depths of their stupidity (at best) and malevolence (at worst) is that I am still surprised by just how badly (or deviously) they destroy what should have been better.
Every action they take, at best, serves to further those who are aligned with them or destroy those who oppose them.
The question shouldn’t, for me, be, “how will they use this to gain power” but “how will I oppose THIS”.
I want nothing of the direction they wish to usher me. Not because I oppose them first, but because they oppose what is right and just. If I were to simply oppose them, then they might control me to do evil by doing good. But if I stand by justice and truth, I am immovable.
So when some talking head mentions that we’re in the situation now because of the thing we did (stupidly) then without mentioning how stupid that past action is….I think, yeah here comes the foolishness all over again since ” they” have learned nothing.
Excellent comment, however I feel it’s worse than we think (to borrow one of their fav’s) – They are talking and pretending that these “events” are “happening” to us – and they, the brave, selfless heroes they are, are doing all they can to “limit the damage” or “to save the people” (these 2 are interchangeable) – when everybody with half a brain can see it’s completely the opposite. The worse than we think part is thus obvious – the ENTIRE thing is a planned, co-ordinated, agreed upon GLOBAL plan, the contents of which remains hidden.
I agree with you, I’ll say that at the front. But there exists a “ray”, to steal the mathematical term. A ray is a line that extends infinitely in the direction it points, but has a fixed and static location at the opposite end.
This ” ray” continuum (perhaps there’s a more apt word) has, at the finite side, “their truth”. We don’t know definitively that what they say are lies until we can prove the truth, which is where the next marking just towards infinity.
So now we have the start point, ” what they say”. “What we can prove” just further along. This leaves the last section, also known as “conspiracy theory infinity”.
This is where most people now seem to get lost. They recognize that ” what they say” is at best, inaccurate and at worst a flat lie, but all people can prove is what the truth is.
But in this day and age, the lies, for the most, part are so grand that the bast majority of us stand no chance of proving anything. However, we can use their words as a proof against themselves.
When Biden says the vaccine will keep you from getting sick…this is that start point of the ray. When he says, months later, well it only keeps you from getting very sick. OK, now he has proven his earlier statements to be false. However, was he lying then? I cannot prove this myself. But I can prove, with his own words, that his earlier confidence was misplaced.
Now, that infinite direction. Perhaps he knew he was lying that first time. OK, well why did he lie? There are infinite answers there. Was the vaccine a bioweapon? Does it inject nano microchips? Does it make people zombies?
None of these I can prove, and they are seemingly infinite.
So where does this leave us? I cannot prove that the WEF, Biden admin, China, the 3 letter agencies, the Fed, the military and the public water we breath is all designed and coopted to kill us. But I can prove that each has betrayed our confidence (at best) and directly lied (at worst).
So I entertain all theories but I leave then there, as entertainment, until I accumulate more data to prove then correct.
Is this a global plan designed by the powers that be who worship Satan themselves to destroy humanity and in so doing are bringing on Revelation? Perhaps.
But what we do know, they at best do not care about us. There is plenty of room for them to hate us inside there…
Which is why, the next novel thing they tell us to do for our own good, I will not do. Not because at beat it won’t help and at worst, Christ Himself will have to return to Earth to fix. And I for one, don’t operate well in infinity as I am very much a creature with (very small) limits on my own.
The massive spending bill stop inflation. Too bad weimar, venezuela and zimbabwe never thought about spending more to stop inflation
Well, they tried, but somehow it didn’t quite work out. Kind of like how price controls in this bill will only cause shortages, as price controls always do.
Is it me, or did that sound a lot like word salad? Glad Sundance can break it down for some of us high school graduate types!
👍👍
Idiots selected because they are idiot
Make no mistake
I received an email from a place that promotes USA made products and said it’s an emergency for American manufacturers. They said to contact your senators and representative to oppose this horrible so-called anti-inflation bill. It will hike taxes on American manufacturers and drive many out of business. This must be part of the globalist re-set plan. First they are managing to de-industrialize Germany, and now they want to do the same thing to the US.
The United States has deindustrialized long ago. 75 years and have watched it happen. The destruction is baked into the system. Almost every manufacturer that were the roots of American power and ingenuity are long gone. The boarder factory and manufacturing centers that symbolize our great nation will never return Cheap labor and efficient state of the art plants are now located in the pacific rim countries. It ain’t coming back.
August 2020 I posted on several boards a large expansion of the Money supply.
Now for 1.5 years we see intense regulations and hindrances in the supply chains.
“Excess demand” in light of obstruction of supply and distribution.
Exactly!
What we need is a restrictive Federal Reserve (to protect the dollar and to combat inflation) and a constrained Federal government that encourages supply via low taxes and low regulations.
What we have is the exact opposite of both those actions!
Wait till the new Tax and spend bill goes into effect…
“Military Arrests Paul Pelosi
By Michael Baxter -August 7, 202270364
U.S. Army Special Forces on Saturday arrested Paul Pelosi—Nancy’s husband—as he exited a pricey drug & alcohol rehabilitation center in San Diego, California, JAG sources told Real Raw New “
Sorry, Gary, but I think that would be news everywhere, if true. You may wanna verify your source some.
do you really think MSM…will print it……as they will not print 11,000+ deaths of ukr. soldiers in little over 3 weeks…..saaaaaaaad
I don’t watch TV, or frequent MSM sites, but if it were true, I’m certain Sundance would have it here. As far as 11,000+ deaths go, I don’t care if it’s 1 or 11,000. Ukraine means nothing to me, when my country is being systematically destroyed.
And this woman is paid how much a year in salary and benefits?
All she can print ……..
Ron Paul was right – End The FED !
The shills At See BS Disgrace The Nation are always trying to run a false narrative past the low information voter. They try their best to keep the unenlightened masses (dumb masses) stumbling in the dark .
I bet they all take continuing education courses at Baghdad Bobs School of Journalism.
In the next couple of weeks, “China China China” will be the new narrative…
The next market downfall will be blamed on China
The effects of what Pelosi did will will scare everyone….
China has already imposed some 100 sanctions against Taiwan
American international companies are terrified….
It’s already starting
Apple may delay iPhone 14 release due to Nancy Pelosi and conflict between China and Taiwan
Apple may delay iPhone 14 release due to Nancy Pelosi and conflict between China and Taiwan
https://gagadget.com/en/buzz/154794-apple-may-delay-iphone-14-release-due-to-nancy-pelosi-and-conflict-between-china-and-taiwan/
Searching for answers this morning, I found this article.
https://rense.com/general97/pelosi-asset.php gives an overveiw and background of why she went to Taiwan.
In short, “Americans are losing ground every day.”
Current situation:
1. 8% of houses reduced asking price over last month, most since 2000
2. Credit card debt up 20% in 3 months
3. Most aggressive rate hikes in history into a recession
4. China-US tensions escalating
5. Inflation at 40-year high
We’re staring off a cliff.
Just think of all the money the central bankers will make, and the assets they will acquire, when they call in all those loans people can’t repay. Adversity benefiting those who create it. Is The Fed really stupid/inept or deeply malicious and machiavellian?
Well, Margaret Brennan wanted less demand. So this should mean less inflation. In away, the economy is cooling alright.
Expect Insurance Companies to sue Vaccine Manufacturers to cover pay-outs for explosion of early unexpected Mortality Claims
By Rhoda Wilson on August 6, 2022
In its press release, Lincoln National largely blamed a $41 million operations loss in the first quarter of 2022 on “non-pandemic-related morbidity [disease], including unusual claims adjustments, and less favorable returns within the company’s alternative investment portfolio.”
As with One America, it was not only deaths of working-age people that shot up to unheard-of levels in 2021, but also short- and long-term disability claims.
In mid-June, when the story about Lincoln National broke, annual statements for other insurance companies were still being compiled and reviewed. At that time, Lincoln National showed the sharpest increases in death benefits paid out in 2021, though Prudential and Northwestern Mutual also show significant increases — increases much larger in 2021 than in 2020, indicating that the cure was worse than the disease — much worse.
Further reading:
US Life Insurance Company Reports 40% Increase in Death Claims Since Start of Covid-19 Vaccine Rollout
One America Life Insurance data confirms Covid-19 Vaccinated 18 to 64-year-olds are 50% more likely to die than Unvaccinated people
U.S. Life Insurance Company suffers 176% increase in payouts for Deaths among Young Adults in 2021 compared to 2019/2020 Average
More detail can be found at
https://expose-news.com/2022/08/06/expect-insurance-to-sue-vaccine-manufacturers/
I am hoping life insurance companies sue and sue big! Us little people, us regular folks, we know people who have died from the vaccine or are injured or have lost pregnancies, or keep getting covid and getting really really sick! There’s not a damn thing I can do about it if people I know act like dumb sheep and keep getting “boosted” because they watch mainstream media and “trust” their doctor. Healthcare is in shambles. There has to be some justice somewhere served. I pray about it. I want people to go to jail for life over it.
I’m surprised at how slow the insurance companies have been to throttle BigPharm and MSM.
At the top of the page of this website is a recording of a phone call from a father whose minor son was admitted to the hospital days after getting the covid vaccine. The pharmacist admitted they do not tell the parents of myocarditis because then the parents wouldn’t vaccinate their children.
Remove the * before and after the website to listen.
*https://www.onenewspage.com/video/20220806/14731998/Father-Calls-Pharmacist-After-His-Son-Develops-Myocarditis.htm*
CUT THE CORD!!!
People really watch TV news? Lol….dumb sheep!
Sundance is monitoring the enemy, parsing the narrative, watching the winds, performing yeoman’s service for us all, yet your perennial contribution is somewhat less useful.
The 50% of demand is trying to buy the 50% of supply that has doubled in price.
The rent’s too damn high.
Working on a Sunday, a good day to loot the American worker
No money for Zelensky today?
U.S. Senate Passes $430 Billion Climate Change, Tax, Drug Pricing Bill; Sends to House
https://www.usnews.com/news/top-news/articles/2022-08-07/u-s-senate-passes-430-billion-climate-change-tax-drug-pricing-bill-sends-to-house
— Biggest-ever climate bill: Massive industry clean energy $; $80B for EVs, heat pumps, home solar installation)
— Biggest-ever funding increase for the IRS
— 15% tax on corporations w/ +$1 billion in profits
— Medicare prescription drug negotiation
Up to $7,500 to buy an EV
— Up to $2K for heat pump
— 30% off home rooftop solar
— $840 for electric cooktop (cc: @MattBruenig
)
— Up to $9K for electric panel/home insulation
In World First, Netherlands Caps Flights at Major Airport to Cut Pollution
https://e360.yale.edu/digest/in-world-first-netherlands-caps-flights-at-major-airport-to-cut-pollution
I just had to replace two heat pumps – I wonder if it’s retroactive? I’m assuming that’s a tax credit…
The only demand that is more imaginary than what she is blathering about is her demand for a comb.
She stuck her finger in a light socket.
And what exactly did anyone expect from her? She DOES work for The Federal Reserve! Their game is usury to ultimately enslave us. Bannon called them out publicly in his recent address to CPAC
Exactly!! It was great to see Bannon call out the Federal Reserve and say that it’s time to end the Fed before it destroys the dollar!! Dr. Ron Paul was on the one to wake me up to the Federal Reserve scam–he’s been warning about the Fed for years and years. Unfortunately, according to Bill Still in his The Money Masters documentary, most in Congress don’t even understand our monetary system. So, if they don’t understand it, then there’s no way they are going to know how to fix it.
Everything that’s happening right now is all by design. The bankers have taken over the world by getting control over national governments by getting the power to issue national currencies:
Global Planned Financial Tsunami Has Just Begunhttps://www.globalresearch.ca/global-planned-financial-tsunami-has-just-begun/5784217
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos…
…unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.
And another guy who has been great at calling out the central bankers is Greg Mannarino–he totally understands the level of epic fraud and criminality we are dealing with. In this one, he gets into the nature of the debt-based monetary system and how govt spending has to increase at an accelerated rate or the whole thing collapses. He says that in just the past couple of years they increased the debt by 20%. And if anyone doesn’t understand what he means by “debt-based monetary system,” watch the documentary Money As Debt–if we paid off the debt, there would be no currency in circulation. This is NOT Constitutional money and definitely NOT what the founding fathers intended–they knew that international bankers tried to get control over nations by getting the power to issue the currency, so they specifically gave that power to Congress (who gave it away in 1913)
Mannarino says they are going to continue inflating–no end in sight!
MARKETS A LOOK AHEAD… RIGGED! Central Banks Set To INCREASE Bond Buying. Mannarino
A pure and simple explanation of inflation. 30 seconds of truth. Nice to share with others.
be a
At what point do these fools realize the rubes are laughing at them while we are grabbing our pitchforks?
The excess demand (and also labor structure destruction) is from 2 years for forced global lock downs…
The Fed expecting that 2 years of pent-up demand should NOT happen and are destroying the economy for it, is dangerous.
Its more than likely that 2022 was bound to show significant demand and extreme supply shortage.
High interest rest does nothing to help, but a lot to hurt the natural recovery.
The obvious path is to maximize output, restore a healthily labor force.. High interest rate and massive spending does none of that.
If nothing was done, 2023 would have naturally shown a return to normalize demand and production…
The Fed in effect totally wasted an incredible economic recovery post 2 years of lockdown.
As Sundance has pointed out, inflation is measured “year over year”, and the third quarter is vital in such calculations, which is why they engineered a slight drop in June/July, to ‘paint a better picture’;
SS COLA is calculated based on year over year increase in the cost of living,,comparing June/July figures for 2021 to 2022.
Hence, estimates of the COLA for 2023 range from 9.8 -11.6, and given the amount of $ dispenced every month, such a small difference in percentage can make a big difference in outlays.
There is no SS “trust fund” of coarse, and the raising of interest rates means the $ borrowed to meet the obligation, is going to “cost” more.
Probably drives a Tesla and weekends in Marin.
That’s my deep economic analysis and I stand by my comment.
Excess demand. Yeah, that’s the ticket.
I get the sense that “excess demand” is a euphemism for “useless eaters.”
Maquis: Yes, exactly. Too many people wanting products they are not allowed to have, such as groceries and gasoline. We really need to cut back on eating and moving around.
Once a person learns they can print money, they know longer respect others in society working for it… to them we are fools and deserve what we get
The illegitimate administration, is made up of nothing but pretenders. Much like the White House imbecile, pretending to be president.
The policies they are enacting are not pretend. They will remain until God acts. I’m thoroughly convinced that God approves of the actions of the globalists because God is judging the world and we’ve reached the point of no return. Proverbs 16:4-“The LORD has made all for himself Yes, even the wicked for the day of evil.”
“However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain. This delayed food inflation will overtake the energy inflation in the latter part of this year.” – Sundance
Unfortunately probably not in time to have much effect on ChiCom Joe’s 81 million voters! But rest of us real voters know it’s coming and so are higher gasoline and diesel costs despite the recent drop in demand due to higher prices!
Communist POS like this woman can do nothing but lie. Inflation is a cover for equity. Inflation is the current funding mechanism for equity. The mother’s milk of the finance industry is selling the unequipped college credentials. Give them high paying jobs, and then take that money right back away from them. Clinton’s Third Way. Government has absorbed as many of these graduates as it can. Government has made it a condition of subsidy that corporations absorb layers of these graduates. In return they can price gouge and government turns a blind eye. It’s not working. When you see Ford wanting to lay off 8,000 workers, they aren’t people turning wrenches. There’s a reason NASA can’t fire off rockets successfully. Layer after layer of incompetent engineering graduates on the payroll. Think GM and their laughable ability to produce anything of value. Always going to be great 5 years from now. The opposite of merit-based capitalism
Brennan is another in Brandon’s large cadre of cocksure, arrogant, imperious, ignorant middle-aged white women with advanced degrees in bullshittery and word saladry. I did not realize there were so many Wellesley and Smith grads in the DC labor pool, until Brandon slid into the Oval Office.
@Sundance, I’m not a fan of the current Federal Reserve.
Having said that, the current inflation is caused by three factors:
1) Oil supply. The Biden administration created all kinds of headaches for the oil supply chain, and hence oil prices took off. Further, when Biden imposed sanctions on Russian oil, oil prices went even higher.
2) Overall supply. The Covid lockdowns, that Fauci and co. demanded, put many factories on hold and many workers on UI. It will take about 2-3 years for this to shake itself out completely.
3) Excessive money supply creating excessive demand. This is due to the Federal Reserve buying over $1T in bonds even after inflation started accelerating.
The Federal Reserve cannot comment on government policies, so the only thing they can talk about is on the demand side. And that is the only thing they can control.
So, I’m happy that she’s on board to raise the funds rate by 0.5%. But the real solution is for the Federal Reserve to sell off its balance sheet, which is now near $9T! If they do that, long term bonds will jump to above 5% – helping savers, and hopefully convincing political policy makers to back off more government spending.
Every Covid policy was a big failure. Payroll protection program was an insidious absolute money laundering scheme. This over educated bureaucrat is part of the problem. End the FED.
Read this lady’s biography. She never worked a real job in her entire career and says Janet Yellen is her mentor. Her entire career started as a researcher at the SF Fed.
She is a 100% academic and never even worked a position involving money of any sort in a REAL BANK.
She is an example of the people brought on by BARRACK OBAMA to man the decision making levers inside the current Government.
https://en.wikipedia.org/wiki/Mary_C._Daly
Equity. High paying, high status job for life, regardless of ability
Is it a job requirement of this regime to be a genetic dead end?
Where do they find these people. A Labor Economist? So is Janet Yellen. The truth is that they are both incompetent.
The drought in SE KS is destroying our soybean crop. We missed the last rain chances. Dad has 1500 acres planted and doesn’t think he’ll even need to bring the combines out to harvest it. It’s THAT bad. Corn that is not able to be watered is just as bad. So sad to see. Please pray for us.
Praying!
I read an article that the unexpectedly high jobs number of 528k is the justification for the next big Fed rate increase. The number is a lie, but now I know why they’re lying.
A few days ago, this ignorant bint, Mary Daly said:
“I’m not immune to gas prices rising, food prices rising; I sometimes balk at the price of things, but I don’t find myself in a space where I have to make trade-offs, because I have enough.”
“Many, many Americans have enough.”
And even more don’t have enough.
Mary, the people have no bread! “Let them eat bugs.”
Bill Still’s The Money Masters
https://thirdworldtraveler.com/Federal_Reserve/Federal_Reserve_page.html
More like excess supply of D3mocrat propaganda…
There’s a big shortage of truth around the country
Don’tcha mean D☭mocrat propaganda?
I would submit Printing Money causes all our problems. With a prudent Monetary Policy economic forces will regulate things and assign accountability to incompetent people. All that needs to happen for the system to constantly run smoothly is to peg the interest rate to the inflation rate.
Inflation is: – too many dollars chasing too few products because leaches on the government dole don’t add anything.
The Country’s heading into its second only era of economic Stagflation, a Democratic specialty. This is going to be rough but like all hardships in life it’s also going to be a blessing in disguise. It’s going to paralyze the Democrats ability to Print money and coopt countries, organizations, and people. We’re not a little banana republic – China’s not going to be able to come along and subsidize their operations.
See, you can’t Print your way out of stagflation, that’s the source of the problem. Biden thinks he can (and all the dumbass bureaucrats) but they can’t (gone to the well too many times). Like I said it’s going to be rough, he’s going to give us a Crash we can’t get out of utilizing Monetary Policy. Another President might be able to utilize some sort of Productivity oriented Work-Fare but mostly it’s going to have to work itself out naturally according to all the Laws of Economics.
That’s where he’s taking the democratic party, Oblivion. And as the consequences of this spill out over the Globe it’s tough to describe how despised Joe Biden and his democratic party are going to be.
Churchill use to warn the rest of the world not to pressure Socialism into the United States because the entire world had become dependent on American productive capacity and generosity. If we fall then there’s no-one to come to the rescue.
All of that fall-out will be blamed directly on the democratic party of America, as it should be for stealing the Election and being the vehicle used for this intrusion. Then they can take their rightful place alongside the other monstrous regime of the 21st century the Chinese communist party. (Who will fall even faster than us without American support).
There’s nothing more Inflationary and Ineffective than a massive “Intelligence Community.”
If we take Inflation as the result of non-productive enterprises (or receivers) which add to the Demand but they don’t add to the Supply of useable goods; things become much more expensive.
Ineffectually – throughout the History of Western Civilization espionage was rightly disparaged (that’s why spies don’t have the rights of citizens and can be sent to places like GITMO, or in war they’re not covered under the Geneva Convention) because it creates an ever compounding exercise in futility. It’s the undeniable reality of social contacts and a limitless objective combined with a strategic mission incorporating highly suspect anything-goes philosophies such as “the enemy of my enemy is my friend” or “using double agents” (how do we know they’re not triple agents?). All of it operating in the shadows. Thus everything is in place for the “Intelligence” culture to inevitably become very corrupt and pervasive.
Also there’s the whole ballooning phenomena of the 10’ fence – 11’ ladder, 11’ fence – 12’ ladder, and so on. The whole thing has always been considered utterly ridiculous. Basically you have your society creating spies and not goods and services.
There’s only one valid reason for modern espionage. That’s to detect First Strike Nuclear Capability (or any other weapon of First Strike Total Destruction). All the rest is a complete farse, but it does make for a really good (and extremely zealous) political constituency. It’s zealous because it can be. Our Rights were trampled in its creation so it leverages that against anything which threatens its preservation.
All this stuff flows down hill as predictably as water into a pond, or should I say swamp.
The society needs a certain amount of goods & services to stay in price equilibrium. If you add non-productive workers (and recipients) they’re not adding anything; you have the same amount of goods & services with more money demanding them (the goods and services have become scarce). Then when you compound this with the fact that their government job probably makes things more difficult to produce then you can start to see why things become much more expensive; I say start because in a massive society you’re going to have the snowballing effects of market psychology and momentum to contend with also. Plus synergistic effects like adding to the Money Supply.
I can’t imagine anything more Inflationary than a government using Monetary Policy to fight its own people tooth & nail.
As far as spying on us and their involvement in politics:
Of course they do, we make soft targets. They’re apprehensive to spy on other countries, other countries are full of the same assets. Also they need to be careful about the network, they’re all colleagues (like the international banking network). That’s part of the whole futility of Spy v. Spy and another of the many reasons why espionage was always looked down on until the Nuclear Age. There was only one valid reason for modern espionage. That was to detect First Strike Nuclear Capability.
Also, it’s impossible to have a large “Intelligence Community,” to many eyeballs and mouths. It’s more of a Public Relations Organization for the government. That explains them Leaking like a sieve. The whole thing’s ridiculous.
The NSA for instance was a pure 911 farce; since by far the most effective counter-terrorism measure that could have been implemented was to tighten immigration and travel visas, and not rely on foreign labor; that would be something concrete. Until you’ve done something concrete like that at the stratospheric level all the rest is nothing but a joke.
The Nuclear Age made war obsolete; leaving an unrealistic chance for First Strike Total Destruction – against Massive Retaliation and mutually assured destruction. In spite of that, it also left a manifestly critical obligation for vigilance off the battlefield because the stakes are so high. Unfortunately this has functioned as a green light for wimpy people to go nudging and pushing others through the amalgamation of the State.
The arrival of the Nuclear Age was the greatest break from the past the world has ever seen. It’s much more than a scientific revolution it spawned a cultural revolution too. Everything about it bends towards corruption. This is why people say that it made life breathlessly more complicated. We’re just starting to grapple with it because the theft of the Election has made the symptoms acute.
You know what KISS is ?
Are any of you buying more stuff? I’m not. I’m buying less stuff. And I’m making a greater effort to buy from open box sites, I’m buying returned items.
Demand sure isn’t coming from me. I have only been buying necessities like food and utilities the past 2-1/2 years.
Some things are going to become much more affordable as the price of necessities skyrocket. A time is coming in the near future where buying certain things that we may have put off makes sense. To point out the obvious to readers here.
I’d love to see an analysis of which items are going to increase in value in relation to price. Things of great utility might become affordable as food and energy inflation sucks the life out of the consumer.
I don’t see any Chinese junk making the list.
Same here. I have a woodworking hobby, I’ve been wanting to build a toychest for my youngest grandson. I built one for my older one who’s now 14. It cost me around $85. dollars in materials to build it. Now it will cost me almost $300. for the same exact thing! My wife still asks me to make thing for her for storage purposes. I tell her it’s too expensive to buy the wood to make the stuff. I’m too buy BTW buying food for freeze drying for when the times get really out of hand food wise. She thinks it’s another hobby of mine! As smart as she is she doesn’t get what’s happening. I’m looking at survival for a house with 5 adults and a grandchild. I’m the crazy conspiracy person! All I say is look at 5-10years go where we were, and look where we are now. Where do you think we could be in 5-10 more years? That time frame is not a conspiracy. It’s happening real time.