FIRST READING: The Liberal plan to curb inflation with ... more inflation
• National PostWhen it comes to curbing inflation, dumping yet another $7 billion into the economy is probably among the least advisable medicines.
Contents Pages by Subject
Inflation
Day of Reckoning for Federal Spending, Debt, and Inflation?
• Jacob Hornberger - FFFDo you recall all those "debates" over the federal debt ceiling that have taken place over the past 30 years? Every time the debt ceiling came up, here at FFF we said, "Don't raise the debt ceiling. Force the feds to live within their means.
Fed Announces the Biggest Rate Hike in 28 Years: What's Next for Inflation?
• https://www.cnet.com, Marcos CabelloOn Wednesday, the Federal Reserve announced the largest interest rate increase since 1994 in an attempt to tame rampant inflation.
Watch Live: Fed Chair Powell Desperately Defend Fed Credibility
• Zero Hedge...can Powell hold his "strongly committed" hawkish stance?
'Big Oil' Responds To Biden's Threats: Here's 10 Things You Can Do To Ease Gas Price
• Zero Hedge"This combination of factors and events leaves us in the situation we face today. Namely, the most consequential energy crisis since the 1970s..."
Biden Energy Secretary's Message to Americans Suffering Because of High Gas Prices:
• The Gateway PunditBrazilians Pay the Same Amount For Gas (VIDEO)
Out of Desperation, Democrats Resurrect 'Insurrection' Theater
• Ron Paul Institute - Ron PaulThis week, US gasoline prices hit an average of $5.00 per gallon, an all-time record. Officially, consumer price inflation hit 8.6 percent last month compared to last May.
Boots on the Ground...June 11th...Everything is costing more from products to services.
• https://www.youtube.com, southernprepper1Boots on the Ground...June 11th...Everything is costing more from products to services.
Desperate People Do Desperate Things During Desperate Times-Hyperinflation...
• By Stan SzymanskiDesperate People Do Desperate Things During Desperate Times-Hyperinflation, Shortages and War Will Have Americans Reliving The 900 Days of Leningrad
Soaring US Inflation at a 75-Year High
Stephen Lendmaninflation -- Every American who eats, drives a car, heats a home, pays for healthcare, college tuition and other essentials knows more about inflation than TV talking head economists and other analysts.
Monthly US Inflation at 12% Annualized and 8.6% Over Last 12 Months
• https://www.nextbigfuture.com, by Brian WangThe Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today.
The Fed, and No One Else, Is Responsible for Inflation
• https://www.fff.org, by Jacob G. HornbergerAccording to commentators in the mainstream press and various federal officials, inflation is like the coronavirus. It spreads around the world, hitting different countries in different ways.
Watch: Buttigieg Claims Biden's Actions Haven't Contributed To Gas Price Doubling
• Zero Hedge"Pete Buttigieg is a disgrace. He's not even doing the bare minimum to fulfill his job requirements."
Inflation Prompts White House To Cut Tariffs
• Zero HedgeSolar panels first to get relief, but Biden eyeing cuts for everyday products too
Respect the Fed? No, End the Fed
• Ron Paul Institute - Ron PaulPresident Joe Biden has unveiled a three-part plan to fight inflation -- or at least make people think he is fighting inflation.
Inflation Will Price Many Americans Out Of Housing And Into Homelessness
• https://alt-market.usOne 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.
Ernest Hemingway Had a Few Thoughts on Hyperinflation
• Organic Prepper - Aden TateDid you know that Ernest Hemingway spent time in post-WW1 Germany? Here are some of the things he observed during their period of hyperinflation.
Personal Savings and the Savings Rate Continue to Crash From Stimulus Highs
• https://mishtalk.com, MISHPersonal savings and the savings rate have plunged rapidly. Adjusted for inflation, its worse.
Are You Upset About Inflation? If So, You Aren't Alone.
• http://theeconomiccollapseblog.com, by MichaelAll of a sudden, just about everyone is upset about inflation. It would have been nice if everyone would have been this upset back when our leaders were making the exceedingly foolish decisions that resulted in this crisis.
Peak Inflation or Peak Dollar?
• Activist Post - Stefan GleasonAs the narrative goes, inflation readings have hit their highs for the year. The Federal Reserve will hike rates until monetary policy "normalizes," then declare victory over the very problem its policies unleashed.
Treasury secretary concedes she was wrong on 'path that inflation would take'
• CNNUS Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability.
Households Worldwide Wrecked By Soaring Gas Prices
• Zero HedgeThe cost of living is hitting a painful threshold for many working-class folks.
Peter Schiff: It's Not Putin, Or The Pandemic...It's The Fed!
• Zero Hedge"Inflation is high and it's going higher. So, you're going to have the combination of a very weak economy in recession and high inflation getting worse..."
Uh Oh - New AP Poll Shows Americans Souring On Ukraine Aid
• Ron Paul Liberty ReportA new AP poll released this week shows for the first time that Americans are souring on "Putin's price hike" as a cost of propping up Ukraine in its war with Russia. Six and seven dollar a gallon gas plus raging inflation have brought the cost of an
Family's Inflation Parody of Meatloaf Hit "I'd Do Anything for Love...
• https://fee.org, Jon MiltimoreFamily's Inflation Parody of Meatloaf Hit "I'd Do Anything for Love (But I Won't Do That)" Goes Viral
How the United States Conquered Inflation Following the Civil War
• https://fee.org, Lawrence W. ReedAmericans today are once again the victims of price inflation brought on by runaway government spending and printing of unbacked paper money.
"Utter Nonsense": Hawley Eviscerates Energy Secretary For Blaming Inflation On 'Putin
• https://www.zerohedge.com, by Tyler DurdenSenator Josh Hawley (R-MO) ripped into Biden's Energy Secretary Jennifer Granholm on Thursday after she tried to blame soaring inflation on Russian President Vladimir Putin.
Alphabet CEO Sundar Pichai on inflation, investing in growth and free speech on the internet
• https://www.cnbc.com, Jordan NovetGoogle CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market.
Samsung Set To Imminently Hike Semiconductor Prices By 20%
• Zero HedgeSamsung Electronics is preparing to increase prices for chip contract manufacturing in the second half of this year which comes as no surprise given skyrocketing cost pressures eating away at the company's margins.
Tumbling Inventories Send US Gasoline, Diesel Prices To Fresh Record High
• Zero HedgeThe exceptionally tight market at home and abroad is unlikely to ease any time soon...
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