First off let me say it for you, “Okay inflation, it's bad. So what? Why read another report on it?”
Yes, you are paying more for everything and that hurts, but inflation is one of the two deadliest cancers your financial system can suffer. And if it turns to hyper-inflation, well hyper-inflation is what burns economies to the ground. So, that is why I want to explain further how these numbers go well beyond the pains of paying more for your day to day living expenses.
I’ll take a quote from my favorite movie, Braveheart. When William Wallace said in reply to his mates' challenge this seems like rage, “It's well beyond rage.”
What I feel is hellish anger toward the buffoons who make choices for you and me like we’re just kids at the daycare.
Here is a fact to hold in your minds, on the hokey-dokey gold standard, there is very little inflation to speak of. As it exists it's mostly all due to healthy growth in the economy in the country. Since the Federal Reserve was created (go read “Creature From Jekyll Island”) in 1913, taking power from the natural way of things that served humans so well, for so long. By giving it to madmen who thought they could manage better, commodity prices are up an average of 1800% since that move was made 100 years ago!
Example, when I was a kid I used to sneak sips of whiskey from my dad’s liquor cabinet and backfill that which I took with water. He hardly ever drank the stuff, but one day he had friends over… long story short - I got in a lot of trouble. As the Fed prints, the dollar's potency drops from 80 proof whiskey to 5 proof and now it's so low it's just “near-beer.”
TRUTH: You cannot - cannot, have something for nothing.
So over the 121 years since 1913 (intensifying since Nixon removed the gold standard - and wildly so since Covid) inflation has been very destructive. Maybe evil is a better word to use as it was caused intentionally by those in power - regardless of the R or D denoting the party being in power.
Now, let’s dive into the truth of "Bidenomics." Under President Biden’s administration the price tag on, well, everything has jumped a staggering 19%. Yep, your coffee, gas, groceries – you name it – they're all 19% pricier on average. This hike translates to an average annual inflation rate hovering around 5.6%, which, for perspective, is a leap and bound over the more modest 1.9% rate we saw during President Trump's watch.
The latest scoreboard of our economy, the Consumer Price Index (CPI) for February, seems like inflation's got its own game plan, refusing to slow its roll. The CPI clocked in a 3.2% year-over-year increase. But this number is bullshit. The Fed has changed up, diluted its equation for the inflation calculation in the 1980s, the late 1990s and December 2021 to where shelter, energy, agriculture, and healthcare numbers are barely included in the number.
Back to my first main point, they are lying to you. Inflation is at very destructive levels and counting it with the original prescribed method it stands at 12%. It was even higher but Biden draining the Strategic Petroleum Reserve, needed for wartime, into your local gas station artificially brought down inflation from its peak of 17%. SEVENTEEN percent. During Carter's time 1975-1980 inflation peaked at 14%.
So why - why - why is this destructive? Because as prices go up, wages have to go up to keep the workers earning enough to afford living expenses. Those workers then spend the extra pay in the economy causing prices to rise further OR the jobs get deleted and repositioned in China or India and the worker ends up without a job. So can you see if inflation is not tamed, truly tamed, it keeps escalating; higher prices, higher wages, higher prices, higher wages.
To crush inflation (as I have studied and read the offerings by the Federal Reserve Chairman) is to cause unemployment to rise. Less workers working, less spending, pressure on prices fades. Oh, but you can't crush workers when an extremely weak President is in the White House with so much ‘socialism engineering’ is planned by the Devilocrats in power.
To make it worse - and here is the killer - the economy is bust without the printed money. Our inflation today isn't caused by healthy overheating in the economy. It is caused by money printing to keep the economy working. A Niagara Falls amount of money flows into our world every day or there'd be no economy. There’d be no GDP growth! That’s been true-since 2007, by the way.
So inflation is much higher than you are being told. It is caused because the buffoons running our financial world made terrible decisions over 11 decades.
They cannot stop printing and therefore cannot stop inflation and therefore you get sacrificed on the flames of finance and now with the dollar only worth 2.7 cents there is not too much longer this evil policy put upon your lives can continue until utter bankruptcy.
Newton's First Law of Motion states that an object in motion tends to stay in motion unless an external force acts upon it.
So if the government isn't going to change its course, what eventually ends its course? Drum roll please… Bankruptcy. That’s the only external force that stops this.
For me, this buffoon-driven economy is “well beyond rage.” It is becoming incredibly important for clear thinking people to make plans for your future and not allow the government to continue treating you like a kid in daycare.
***If you want to argue with me or tease me about my wardrobe choices - go ahead. Comment. Let me know what you think. I read all the comments and I’m always hoping to learn.