Posted on 08/13/2021 1:58:55 PM PDT by Browns Ultra Fan
Today’s import and export numbers for the USA show a disturbing trend. US export prices rose +17.2% YoY in July. That is the third consecutive month of +16.9% and above export prices growth.
That begs the question: Is The Federal Reserve exporting inflation to US trading partners through its financial repression?
The Wall Street Journal has a nice opinion piece entitled “You’re Already Paying for That $4.5 Trillion (Taxes haven’t gone up yet, but inflation and lost productivity amount to financial repression).
The Financial Repressors, Yellen and Powell.
yes.
but not before inflating the hell out of the USDollar at home.
gas $5+/- and apparently still rising
beef bologna $19.99/lb
egg or tuna salad $11.99/pint
a good chain hamburger now $10+
omelettes $14 to $22
haircut (men) $20 to $25
suffice it to say that the inflation is NOT ALL being exported. not by a long shot. (The key idea is drive the workers down right here in USA. Second stage, sign them up for various expanded welfare programs to “help them cope with the failures of the racist kapitalist system “not being willing to pay them “equitable living wages” or some such
Voila — almost total USA population rendered dependent on the political ruling elite!
and we have more than 3 years of this to come, folks.
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