Biden Says $3.5T Spending Plan Won't Stoke Inflation• Zero Hedge
That's if Congress can even pass it...
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That's if Congress can even pass it...
Prices are just starting to go up. So, they're going to go a lot higher. And I think even the acceleration is going to pick up, so, you're going to see bigger gains."
Prices are rising throughout the US economy. Federal Reserve Chairman Jerome Powell keeps telling us this inflationary surge is "transitory." But transitory doesn't mean what you think it means. The truth is higher prices are forever.
While short-term inflation expectations are soaring according to virtually every survey including the Fed's own... the big question is where do long-term inflation expectations go from here.
When the Federal Reserve inflates the money supply, the resulting debasement of people's money is reflected in the higher prices that people are paying for things they need or want.
People talk about shrinkflation - you pay the same but get less. The 10 ounce pack of bacon for $5.99 vs. the pound you used to get for the same price.
They have completely gone off the deep end, but since most Americans are illiterate when it comes to economics hardly anyone is objecting.
Inflation & shortages are created by Federal Reserve counterfeiting and government interventions in the economy. Every other excuse is just that, an excuse that is meant to distract you from the sources of these ills.
Original cryptocurrency has lost about half of its value since mid-April
"Nothing beside remains. Round the decay of that colossal wreck…"
...rising costs of living expenses in general will soon affect consumption (especially consumption of non-essentials) in a rather large and obvious way...
Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill.
America Goes On A Buyer's Strike: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
Prices received by U.S. businesses for goods and services rose by much more than expected in June, the Labor Department reported Tuesday.
The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis...
...Leads To Social Unrest. Pandemic-driven hunger is already sweeping across the world...
...corporates face collapsing margins from soaring input prices.
THERE'S A CRISIS COMING! -INFLATION BOOMS! - EXPERTS ARE GETTING OUT OF FIAT
Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years.
If inflation persists, the Fed may have to increase rather than decrease QE
By now, it's become quite clear, even to the working poor, that quantitative easing and all the easy money policies by the Federal Reserve have created some of the worst wealth inequality this nation has ever witnessed.
A Game of Two Halves
Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods.
They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists
"...interesting in that the Democrats are the ones that are trying to play down the inflation fears. They're the ones that are trying to agree with Powell and reiterate the fact that everything is transitory..."
What do we need to do to get this country back on the right track with respect to taxation, spending, and inflation?
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the dangerous amount of printing and market manipulation we're witnessing right now and how it could culminate not only in inflation but a massive market crash.
And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
"The Fed Has Lost Control" - Peter Schiff Warns Tucker Carlson About Skyrocketing Prices & The Inflation Tax
Following the latest hot inflationary print, more investors are becoming skeptical of the Fed's view that inflationary pressures are "transitory".