Birdnow's Aviary

May 17, 2024

No Break from Inflation

Diane Kimura

Inflation has not fallen in a single month since January 2021, according to Zerohedge.

This means that overall prices are up over 19.5% in less than 4 years.

That is an average of 5.5% per year effectively wiping out ONE FIFTH of the US Dollar's purchasing power.

We have not had a year-over-year inflation print below 3% in 37 consecutive months.

Since the pandemic, the purchasing power of the US Dollar has lost ONE FOURTH of its value.

It all escalated after $4 trillion in stimulus was handed out.

Inflation is the biggest involuntary tax of all time and yet Biden and Congress continues to push for billions in spending that needs to be cut to tame inflation.

Inflation is now building on previous years of inflation; we effectively have compounding inflation.

How is this a "strong" economy?

May be an image of blueprint and text that says '日 US CPI Urban Consumers SA Last Price 313.207 +19.54% （+5.50°ann.) 320 313.20 20 310 300 290 280 ....... 270 2015 260 2016 2017 2018 250 2019 2020 2020 2021 240 2022 2023 074'

Tim adds:

And the inflation rate does not even take into account shrinkflation - the practice of reducing portion sizes to avoid sticker shock. That isn't factored into the calculations of inflation rates, I do not believe.

But it's inevitable; the Federal Reserve has exploded the money supply to pay off the huge debt incurred by this Administration and by Congress (the GOP is equally at fault for refusing to rein in spending). You can't do that without triggering runaway inflation. This will turn into hyper-inflation if spending isn't brought down and efforts aren't taken to boost American output in all ways. Biden and his ilk want to import evertyhing so Americans will be on the dole and under their thumbs.

Posted by: Timothy Birdnow at 06:43 AM | Comments (14) | Add Comment
Post contains 265 words, total size 2 kb.

1 I would greatly hope that Trump has a chance to make this point crystal clear to Dumb Joe during the debates. Assuming Joe has the stones to show up for them, of course.

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10 I suspect IF Biden actually shows up (and I think he's gambling Trump will be convicted of something in New York so he can say he's taking the high road and not giving a felon a platform) the moderator will pull what Chris Wallace pulled on him; the debate will be the moderator versus Trump, and they'll turn off Trump's microphone so it will wind up being the moderator v. dead air.

Posted by: Timothy Birdnow at May 18, 2024 06:41 AM (92iFh)

11 I doubt that Trump will be defeated by a dead mike. I think he'll get his points in early and say something like OK, shut your damn mike off now.

Posted by: Dana Mathewson at May 19, 2024 12:07 AM (FM+mK)

12 Dana, I fear Trump won't get to say much in these upcoming debates. No doubt the leftist moderators will simply talk over him or attack him to keep him off his game - assuming there are debates in the first place.

Posted by: Timothy Birdnow at May 20, 2024 09:21 AM (UD5gc)

13 After the persecution the prosecution has put Trump through on his latest court cases, Trump has learned enough tricks to blow any unruly competition out of the water. Trust me. Nasty moderators? Poof!

Posted by: Dana Mathewson at May 21, 2024 12:20 AM (FM+mK)

14 I hope you're right Dana. I am not so confident; Biden agreed to these debates after all so the Democrats think they can win here.

Posted by: Timothy Birdnow at May 22, 2024 06:41 AM (VFjcQ)

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