The US Is Exporting Inflation To The World! (Biden’s Chief Of Staff Thinks Inflation Is A “High Class Problem”)

Confounded Interest ^ | 10/15/2021 | Anthony B. Sanders

[Browns Ultra Fan]

The import/export numbers are out this morning. And the numbers reveal that the US is exporting inflation to the rest of the world.

Export prices rose by a whopping 16.3% YoY in September. In all fairness, it is slightly lower than it was in August.

The cause? The Federal Reserve (now known as “The Pep Boys”) and the Federal government pumping trillions into an economy that was not prepared. Hence, the US got the dreaded “bottlenecks.” What do you get when you repeatedly flush a clogged toilet? Apparently, you get “high class problems”.

Yes, Biden’s Chief of Staff Ron “The Great” Klain retweeted a Harvard economics professor tweet that bottlenecks and inflation are a “high class problem.” meaning that everyone has it good, so why are you whining?

Only elitists say such nonsense. True, the U-3 unemployment rate to 4.8%. But for the first time since 1990, we are seeing inflation (CPI YoY) exceeding the U-3 unemployment rate.

With rents surging to over 10% and home prices surging at a 20% YoY pace, households currently renting are finding it depressing that homeownership, once a dream, is becoming progressively more difficult for millions of households.

And if we include natural gas for heating your home and regular gasoline for getting to work, bottlenecks and inflation are not a “high class problem” but a middle class disaster.

The new Fed renovation of their Constitution Avenue building reflects their image for what they do. Dispensing pep pills for the economy.

Manny, Moe and Jack have been replaced by Jerome, Janet and Ben.

[Browns Ultra Fan]

The elites in DC and Harvard are laughing at the middle class. When you complain about rising heating costs, they say "wear more layers." If you complain about rising food costs, they say "eat less." When you can't afford to buy a home, they say "rent."

[blueunicorn6]

Let’s see…..

Democrat President
Democrat department heads of all federal departments
Democrat House of Representatives
Democrat Senate
Democrat Judges
Democrat Press
Democrat unions
Democrat professors and teachers
Democrat entertainment industry

There seems to be a common problem here.

Something…..some organization…..that is causing our problems.

Hmmmmm…..

[Vaduz]

Amen

[SaxxonWoods]

They lie about everything, it’s all they do,

Anyone with a brain knows inflation hurts society from the bottom up. I am investor class, and I outrun inflation every time it happens and make money off it faster than it inflates.

The poor and working class, who live day to day, week to week or at best month to month are the ones who get damaged.

While the upper half prospers.

[House Atreides]

Well, we peasants should take comfort when we go to the gas station today to fill up our pickups that we are high class.🤷‍♂️

[Pontiac]

And if we include natural gas for heating your home and regular gasoline for getting to work, bottlenecks and inflation are not a “high class problem” but a middle class disaster.

These are not IFS for me and most people I know.

A few people I know cut and split their own fire wood and heat with Renewable biomass but they are only avoiding the cost of heating and substituting their own labor and the cost of gasoline for their chainsaws and wood splitter.

If you add up the cost of their labor, the cost of tools and labor, I don’t know exactly how must they are saving.

[PIF]

Biden’s Chief Of Staff, Klan, Thinks Inflation Is A “High Class Problem” or Let Them Eat Wagu)