Prices have gone up 30% or more, while the reported inflation rate is only 7%. The numbers are rigged.
Short of armed robbery, nothing makes Americans poorer faster than inflation.
This from politicrossing.com.
Tucker Carlson presents a very sobering take on America’s current staggering inflation.
The above broadcast is eye opening and frightening, to say the least. Excerpts are below:
“Now, finance moguls who borrow money for a living love inflation. It makes their debt cheaper, it’s a good thing for them. But everyone else hates it because it crushes them in ways that are very obvious day-to-day.”
“Let’s say you printed too many US dollars … you wanted to fund useless programs and pay off your donors. Now, if you did that, you would devalue your own currency, you would cause inflation, over time you would impoverish your own population.”
“Jerome Powell … he is the chairman of the Federal Reserve. Powell has now updated his assessment … “transitory” … after weeks of being laughed at. He no longer uses that word, “transitory,” to describe inflation. Quote, ‘I think it’s probably a good time to retire that word,’ Powell said.”
“For financial journalists, there is no bigger story right now than this, what we just said. And yet, amazingly, the shameless hacks are studiously ignoring it.”
“We’re becoming Venezuela, but that’s a good thing because your neighbor is going to be every bit as poor as you are.”
Peter Schiff:
“The government, Wall Street, the Federal Reserve has a vested interest in the public not understanding how bad inflation is. In fact, one of the ways the fed’s been able to justify creating more inflation is because they claimed we didn’t have enough of it. But the only reason we didn’t have enough of it is because they were relying on their own highly rigged CPI.”
“Our productivity is collapsing, we just got the worst productivity numbers in 62 years in this country, our trade deficits are exploding, the economy is imploding. It is a mess. We just can’t see it because we’re blinded by all the inflation.”
