The Bureau of Labor Statistics highlights some alarming inflation numbers today [Link Here] that are unfortunately, not unexpected…. unless you are a liberally trained economist (most of them) and so the results are surprisingly “unexpected”. But the actual JoeBama-nomic policy is even worse because wages increased less than inflation increased, so real wages (actual purchasing power) decreased. That spells trouble, Trouble.
Middle-class wage earners already know this problem; you are seeing it at the gas pumps and at the grocery store. Fuel prices are rapidly increasing and the amount of inflation in the ‘at home’ food industry (grocery store) is even more concerning.
Let me first walk through the data and then provide some forward analysis with tips to help you offset what is about to hit.
First, it is important to know that BLS price survey data lags actual prices as felt today. The prices you are seeing today/tommorrow at the store and gas pump will not show up in the rolled-up data for over a month…. So the data released today is unfortunately far behind what you are witnessing in real time.
Gas prices rose last month by 9.1%. The year-over-year inflation number is an alarming 2.6 percent last month. Keep in mind that retail grocery prices are not in the inflation number, and they generally follow the same price index as fuel; so it is safe to say monthly grocery store price increases are in the 8 to 10 percent range.
Part of the reason gas and food track together is fuel and energy prices are the #2 cost within the food sector. With packaging prices increasing; with fuel prices and distribution costs increasing; with energy prices increasing; all costs associated with food production, processing, delivery, warehousing and distribution, all end up in the final price at the grocery store.
On April 8th the CDC said there were no issues with the Johnson and Johnson vaccine after several people reported reactions in North Carolina. [
The New York Times writes a story about John Durham issuing subpoenas to the Brookings Institute for records of Igor Danchenko’s work there. Danchenko was Chris Steele’s primary sub-source for the infamous Steele Dossier.
Yes, as you read the following report from OANN, you would not be mistaken to identify the JoeBama administration is now doing exactly the same thing President Trump was accused of, wrongfully, which led to the a ridiculous impeachment effort.
After taking apart the Trump agreement with central American nations (Honduras, Guatemala, El Salvador) to secure their own northern border the mass migration toward the United States began…. a crisis created. However, once the crisis turns public opinion against them, the JoeBama administration then proposes to return to the exact same policy President Trump initiated and Biden destroyed.
Let me be clear… Roberta Jacobson was put into position in January by those in control of the Biden administration specifically to coordinate this mass migration influx. Her mission was to create the crisis, not to prevent it. She was put into place to trigger the mass migration. How do we know this?….
A young man named Lucas Lepejian is in a battle with Burbank authorities who are trying to run him out of business. Lucas is the 20-year-old son of Baret Lepejian the proprietor of a long-standing western-themed restaurant called Tinhorn Flats; a well known place to dine in Burbank, California.