(Ryan DeLarme) The current global, socioeconomic paradigm has allowed for a small group of mostly unidentified beneficiaries to reap hundreds of millions of dollars per day by way of interest payments. This cushy racket was all made possible by the Federal Reserves’ reverse repo program.
inflation
The Asininity Of Inflation Expectations, Once Again By Powell & The Fed
(Zero Hedge) Jerome Powell and the St. Louis Fed are both concerned over inflation expectations. Let’s investigate.
Biden Economic Adviser Asserts That More Government Spending Will Solve Inflation Crisis
(Zero Hedge) Biden’s “Build Back Better” efforts have been a phenomenal failure so far, but maybe that’s because Americans just don’t understand a good thing when they see it?
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase
(Zero Hedge) European natural gas and power prices surged after Germany triggered the “alarm stage” of its NatGas-emergency plan amid reductions in supplies from Russia, according to Reuters.
The Inflation Solutions Are Even Worse Than The Problem
(Zero Hedge) As Americans labor under the burden of inflation, the Biden administration keeps telling us the economy is just fine. White House press secretary Karine Jean-Pierre recently said we are “transitioning” to “steady and stable growth.” As a result, she claims the American people are in a place where they can “take on inflation.”
Inflation Goes from Bad to Worse … to Even Worse Than Reported
(Stefan Gleason) Friday’s Consumer Price Index Report sent shockwaves through financial markets. The 8.6% annual reading was yet another new multi-decade high – dealing a body blow to analysts who believed inflation pressures had peaked.
Fact Check: Joe Biden Blames Inflation for Putin’s Price Hikes
(John Carney) Claim: Putin’s war against Ukraine is the biggest driver of inflation, the White House said Monday.
Joe Biden Says It Again! Cheers Crippling Inflation as a Good Thing — It will Usher in “Renewable Energy, Electric Vehicles” (VIDEO)
(Jim Hoft) Gas prices remained at $4.968 per gallon on Tuesday. This is near the record all-time high and more expensive than at any time in US history.
“We’re Barely Making It”: Furious Farmer Goes Viral Explaining Why Food Prices “Are Going To Go Up”
(Tyler Durden) Last week we noted how US farmer sentiment plummeted in May – as producers have become anxious about their farms’ financial health.
Report: Kamala Harris Partied with Hollywood Elites as Inflation, Gas Prices Crush American Families
(David Ng) Vice President Kamala Harris reportedly spent her recent time in Los Angeles partying with Hollywood elites and visiting some of her favorite restaurants as average Americans everywhere continue to be crushed by out-of-control inflation and soaring gas prices.
Inflation Will Price Many Americans Out Of Housing And Into Homelessness
(Zero Hedge) One of the most detrimental aspects of an inflationary or stagflationary crisis is that, in most cases, housing costs tend to rise while home sales fall.
Memes of the Week 6/10/22
(Ryan Delarme) Each week, we scour the deepest, darkest recesses of the internet for the finest memes. No need to thank us, we are here to serve. -Ryan
May Inflation Numbers Soar Beyond Expectations – CPI Hits 40-Year High
(Ryan Delarme) Though it may not come as a surprise to those of us who feel it in our wallets, May’s inflation numbers were higher than expected at 8.6% – the highest numbers since 1981.
Inflation Reaches 8.6%, Setting New Four-Decade High
(Ben Zeisloft) The Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022, meaning that inflation surpassed record highs, a Friday morning report from the U.S. Bureau of Labor Statistics revealed.
Kennedy: ‘Price of Gas Is So High that It Would Be Cheaper to Buy Cocaine and Just Run Everywhere’
(Jeff Poor) Tuesday on FNC’s “Jesse Watters Primetime,” Sen. John Kennedy (R-LA) criticized the Biden administration’s handling of economic crises, including inflation and the price of gas.