Just look at basic items like groceries and gas, and you’ll see how much higher those necessities are climbing than the generic inflation figures slapped across headlines.
Thursday, April 28, 2022
The numbers don't lie
The Labor Department’s March inflation numbers released this month skyrocketed past February’s, hitting a 12-month increase of 8.5 percent and the steepest annual increase since 1981. That’s no small figure, but most Americans know the inflation they encounter at the grocery store checkout, the gas pump, the car lot, and the leasing office is far higher than that.
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Inflation has long been higher than what is claimed, see shadowstats. Our rulers change the underlying formulas to deceive the entertainment addled populace. Free money for the world - a lifetime voting habit of the Boomers in pursuit of good feelings - has a price that is coming due.
ReplyDelete“…lifetime voting habit of the Boomers in pursuit of good feelings…” well now, that pontification of nonsensical straw man gibberish surely explains something to someone. The only “boomers” I know are the ones that speak fluent click click boom.
DeleteMadMarlin
"The Biden administration is desperate to get to June when they can start to cycle through the anniversary of the 2021 inflation spike beginning and start to see annual inflation comparisons level off. The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year. The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working. They wait for May, because they need to wait for the calendar, nothing else. Inflation is measured as the percentage of change from the prior year. By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation."
ReplyDelete- Sundance [https://theconservativetreehouse.com/blog/2022/04/22/treasury-secretary-yellen-we-will-have-to-put-up-with-inflation-a-while-longer/]
Stealing this.
DeleteHelp yourself!
DeleteHey, that reCAPTCHA thing: After our comment exchange the other day I went into my settings to make sure it was off, and it was. Are you still having to do the verification thing?
If inflation is only 7-9%, why did the Dollar Store raise everything to $1.25?
ReplyDeleteThe official rate is 8.5%....the actual rate is probably three times that.
ReplyDeleteI agree, as evidenced by the Dollar Store price increase.
DeleteI bought a 2' x 2' x 1 " square of closed cell foam from home depot about two months ago, $1.96 each.
ReplyDeletePrice today $ 6.78 fuck joe biden.
We do a disservice by blaming pedo jobama. The onus should be on his masters. They must be named at every instance for to do so puts the heat squarely on them. Weaklings like them cannot stand the publicity.
ReplyDeleteMy home owners insurance increased by around $250.00 annually. My car insurance increased by $50.00 monthly. No claims at all just the cost of doing business.
ReplyDeleteLet's Go Brandon, F*** Joe Biden!
One trivial benefit to Biden's inflation - if you have unspent money laying around. You can get I-Series US Savings bonds, currently paying 7.12% interest. That is 7% higher than Wall Street will give you for equivalent quality. Interest rate should be good for about a year. It is US Gov't guaranteed, free of state income tax, federal tax-free if used for education. Minimum investment $25, maximum $10,000 / year.
ReplyDeleteFor full details, see https://www.treasurydirect.gov/
Geek