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.
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?….
♦ WHAT: As I look forward the likely origination point for military deployment will be federal COVID mandates, though it could also be state election issues. ♦ HOW: The hardline leftists are weaponizing the military for political benefit. ♦ WHEN: As a result of severe federal government intrusion it is only a matter of time before states start to rebel against federal COVID demands. That, in my opinion, will be the inflection point and posse comitatus will be suspended.
The Big Tech ministry of COVID compliance has again removed scientific discussion that runs counter to the approved narrative presented by the ideological community. In this article we explain why….
Perhaps the most consistent question about the installed dementia patient occupying the oval office, is about who actually is planning the policy, scheduling the implementation and giving Biden his instructions after his breakfast pudding. For those who have followed politics closely, the answer has always been obvious: Barack Obama and the Chicago crew.