I was going to write something about Joe’s Treasury Secretary Janet Yellen waving away concerns about rising inflation yesterday, but Tucker Carlson’s monologue last night was about the weird things going on in the economy. The price of gasoline, chicken and ground beef have definitely gone up.
“Biden officials are dismissing suggestions that the United States will likely see a burst of inflation later this year. Don’t believe them.
The signs of looming inflation are all around us. Copper futures are now at a record high, joining many other industrial metals such as steel and aluminum that have also seen prices spike in recent months. These price hikes will soon drive up the cost of items that use these materials. Lumber prices are at record highs, too, a development that will push up home prices. House prices have already been skyrocketing, up by an annual 17.2 percent in March and likely to go up further as fewer people are putting their houses on the market. The historically volatile food and energy sectors are also on the price upswing, with oil prices already at or above their pre-pandemic levels and food prices likely to keep rising.
This might seem strange, since unemployment remains above 6 percent, with more than 8 million fewer jobs in the United States than there were before the pandemic. Inflation, however, is a monetary phenomenon, not an employment-based one. The fact is that the economy is awash in money thanks to the trillions of dollars in pandemic-related relief in the past year. …”
Both Trump and Biden were happy to spend trillions.
Neither Trump or Biden or the GOP or the Democratic Party have shown any serious interest in taxing our bloated oligarchy to pay for it. The Fed prints the money and it goes out to great fanfare. Meanwhile, groups like the SALT Caucus thwart any attempts to seriously tax the wealthy.
The inflation threat must never be used as an excuse to drive Native White Working Class wages down by importing nonwhite LEGAL IMMIGRANT SCAB LABOR-which was Alan Greenspan’s policy which had Noam Chomsky’s approval…
I think we will learn very soon the extent to which China and Russia support the Great Reset.
So they lock everyone in their homes and drive a huge numbers of businesses into bankruptcy. This causes massive supply chain disruptions.
Now, the lowered supply is causing a rise in prices – surely, we all remember “supply and demand” from high school econ, right?
But instead they are going to blame the higher prices on monetary inflation and say it’s caused by all the “government welfare” to people thrown out of work due to the lock downs. Is there any evidence this is monetary inflation and not just an expected rise in prices due to a lack of supply? No – but watch the idiot conservatards and libertopians try to claim it is.
Right-Wing Propaganda – not even once.
(In the real world, the Fed is worried about deflation due to the massive inflation in monetary “assets” (i.e., worthless pieces of paper) collapsing into a deflationary cycle, and they can’t print money fast enough to stave it off.)
The Federal Reserve Bank of New York doubled the amount of US currency.
They created money from thin air, then used it to purchase massive amounts of both US government bonds and corporate bonds from New York City bonds dealers.
This is a massive handout to the disproportionately Jewish New York City financial industry, at the expense of all savers, wage earners and people on fixed income pensions.
The “Modern Monetary Theory” of the Jewish Federal Reserve essentially amounts to stealing from White wage earners and savers, and giving to Wall Street Jews.
That is why houses, stocks, crypto-currency etc. are all going sky-high. (Much more so than commodities subject to supply chain disruption). Those who are in the know are fleeing the dollar, which is no longer a reliable store of value.
Destroying the value of existing dollars while subsidizing the New York City financial industry is not merely unjust in itself, it lead to the transfer of power from Middle America to the very wealthy – a disproportionately Jewish and uniformly anti-nationalist / anti-Christian group of people.
$29,000,000,000,000 dollars in debt (29 trillion – in case you fatigued of zeros) and with The Dollar at an all-time low, how could anyone, interested in the current form of the United States not be concerned?
When corporations get this way, bloated & infirmed) they are raided and reorganized, and, given that this government is, and, indeed, always has been, a corporation, first and foremost, it is only rational for that edifice, and, particularly, those at the helm of it, to fret.
Nevertheless, now that The United States has been fully pillaged, in many senses, but, foremostly the economick sense, the powers that be are staring at a populace which, increasingly galled at it’s prospects, and evermore bereft of the ability to buy more than basick goods with their dollars, are likely to explode.
Let’s be clear here : The United States’ Government is profoundly worried about it’s prospects for survival, or, perhaps better put, to maintain control…
“$29,000,000,000,000 dollars in debt (29 trillion”
Song’s unfunded liabilities exceed 120 trillion
Money printer go Brrrrrrrrrr…..
They’ve lit the fire of inflation.
Can they control it, NO ?
In 1980 they had to drive interest rates to 21%, to crush inflation
Can they do it now, NO WAY !
Watch for the US to go the path of Greece,
but with much different consequences.
Severe austerity is in our future.
The inflation is “transitory” because when interest rates go up the economy will instantly collapse and so will prices. The bastards are intentionally destroying the dollar and our country.
Can they risk interest rates going up ?
I don’t think so.
They will do everything to prevent that.
If you want to read an interesting perspective on economics check out this guy’s site. His theory is called Monetary Sovereignty, and I would describe it as MMT on steroids. But be forewarned, he’s a moron when it comes to race, immigration, and other non-economic issues.
https://mythfighter.com/
“It was a bright cold day in April, and the clocks were striking thirteen.”
2021 – ( 666 / ( 6 + 6 + 6 )) = 1984
When you control the printing presses, you just keep printing more money. The dollar will be worthless soon enough.
… a trumpet call floated from the telescreen just above their heads. However, it was not the proclamation of a military victory this time, but merely an announcement from the Ministry of Plenty.
“Comrades!” cried an eager youthful voice. “Attention, comrades! We have glorious news for you. We have won the battle for production! Returns now completed of the output of all classes of consumption goods show that the standard of living has risen by no less than twenty per cent over the past year. All over Oceania this morning there were irrepressible spontaneous demonstrations when workers marched out of factories and offices and paraded through the streets with banners voicing their gratitude to Big Brother for the new, happy life which his wise leadership has bestowed upon us…
— 1984, Orwell, George. p. 45.
Will those who do NOT come out and start parading through the streets and voicing gratitude to Big Brother Biden for defeating (stolen?) Trump and ushering in this fantastic golden age of prosperity — our new, happy life…will those who do not parade be shot (room 101?) when these fake news reports from the fake news media come out proclaiming great prosperity?
While Biden and company are transforming the Yankee Empire into an absolutely dystopian nightmare it just makes sense that they are going have to have a brand-new national anthem. Surely their ministry of cancel culture has found slavery, white supremacy, racism, oppression, etc in every verse/word/note of the The Star-Spangled Banner by now. What better anthem than a dystopian anthem for the most powerful dystopian empire of all time than one based on:
“Oceania, Tis For Thee”
https://youtu.be/F43DqnMoWi0
Maybe they will come out with a rap version of it…
I honestly trust nothing reported in the economy anymore, since the fed now backstops everything.
For all anybody knows, prices are just rising because the captains of industry want it to. Not because there’s actually a lack of supply. For instance, were told about a shortage of chicken. Well tell me in what supermarket in America can you walk in and see there’s hardly any chicken? Same for lumber. What Lowes or lumber yard can you go to, and see that’s there’s hardly any on the shelf which you can see justifies the price increase???
This shit is all made up. I only see this as the mega rich convincing forces once again to bleed the rest of the working by man dry.
May as well just take up heroin and get on social security at this point, right?
@ america always, no sir, leave the dope alone, sign up for your social security when your just about to retire, till then, you have a life too live, your duty, good sir, calls for you to be earning yourself an honest living.