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May 12 2021

Inflation Predictably Starts Upward

If you were to take a screwdriver and jab it into your eye, you wouldn’t expect life to go on normally afterward. Likewise, we cannot expect that America will just keep rolling along after the comparably insane act of letting the radicalized Democrats take over the federal government. Biden’s handlers have been in power for only a few months, and already inflation is accelerating at its fastest pace in over 12 years:

The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%. …

The increase in the headline CPI rate was the fastest since September 2008.

That was during an economic crisis.

Given the vociferous hostility Democrats show toward the energy industry, this should come as no surprise:

Energy prices overall jumped 25% from a year earlier, including a 49.6% increase for gasoline and 37.3% for fuel oil. …

Used car and truck prices, which are seen as a key inflation indicator, surged 21%, including a 10% increase in April alone.

Transportation is a luxury Democrats want us to go without anyway. According to their ideology, it makes the weather too warm.

Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Copper, often seen as a proxy for economic activity, has jumped nearly 36%.

Maybe, if it acted fast, the Fed could do something about the inflation before it gets out of control. But it’s not going to try.

Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.

Nor will the Democrats in Congress and the White House ease up on their gargantuan spending spree, or stop paying people extravagantly to sit home instead of producing goods and services for others to buy.

Runaway inflation is so inevitable that you have to assume they are creating it on purpose.

The maniacs running the government are essentially Marxists, opposed to capitalism. If capitalism won’t fail on its own, Big Government might have to force it to fail.

Tough luck if you spent your life building up your savings. Responsible behavior is rarely rewarded with liberals in charge.

On a tip from Bluto.


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8 Responses to “Inflation Predictably Starts Upward”

  1. […] like Bitcoin is getting canceled. The idea of currency that cannot be inflated by Big Government must alarm some […]

  2. […] news. Hyperinflation only seems to be getting underway. Biden has the money to pay for his demented spending spree after all. […]

  3. […] an accident. This has been inflicted on us deliberately by the hostile liberal ruling class. The effects on the overall economy are […]

  4. […] the administration has a Plan B to pay for its extravagant wasteful spending, lest we succumb to runaway inflation. Reason […]

  5. […] border crisis, government-created unemployment, skyrocketing gas prices, alarming inflation, a cyberattack on a major oil distributor, the economic sabotage of stopping the Keystone XL […]

  6. […] has been aborted is not that the leftists who rule us have suppressed the energy sector, are inflating the currency, and pay people not to work. White House economic adviser Cecilia Rouse has revealed that the […]

  7. […] Inflation is already on the rise. Our rulers don’t mind. They are opening the floodgates of free money still wider. Because everything liberals do requires a euphemism, the free money is called “tax credits.” […]

  8. […] government (institutionalizing voter fraud, packing the Supreme Court, packing the Senate, etc.), incipient hyperinflation, and a government-facilitated foreign […]

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