chart of inflation rate
Posted on 03/15/2022 6:21:11 AM PDT by Browns Ultra Fan
Bad news. Its the same all over the world.
The US Producer Price Index (PPI) final demand rose 10% YoY in February, further evidence of spiraling inflation under Biden/Pelosi/Schumer’s reign of error.
And speaking of Senate Majority Leader Chuck Schumer (D-NY), the Empire State Manufacturing Survey (General Business Conditions) crashed to -11.8.
And Russia is losing the economic demolition derby with Ukraine (at least for sovereign debt).
I am still trying to figure out what House Speaker Nancy Pelosi (D-San Francisco) meant by “When we’re having this discussion, it’s important to dispel some of those who say, well it’s the government spending. No, it isn’t. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.”
Really Nancy?
Here is House Speaker Nancy Pelosi trying to figure out the cause of inflation in the US.
(Excerpt) Read more at confoundedinterest.net ...
The sanctions policy is silly. No strategy involved.
chart of inflation rate
The graph seems to show that inflation really started rising at the beginning of 2021. What on earth could have caused that? /sarc
Hanged !!
Totally correct. Given the debt rising from 2000 to 2022 from one to thirty trillion dollars, the Ponzi scheme will shortly require some resolution not to our liking.
That Pelosi basically said in the last days that debt pays itself off (through inflation, though she didn't mention that part), the House's continuing appropriation of money we don't have and the Senate's idiotic rubber stamp assures that this has been a Ponzi scheme of a couple of decades' length.
But that 10% is year over year, so you are looking at a lagging number. The month over month PPI rate is down and the core month over month PPI rate is way down. So, the peak may have been months ago.
Did Putin shut down the pipeline? No, Biden did that.
Did Putin cancel Oil leases? No, Biden did that.
Did Putin stop drilling in the Gulf? No, Biden did that.
Did Putin stop drilling in ANWR? No, Biden did that.
Did Putin demand that Oil Companies reduce production? No, Biden did that.
Oh yeah, this is all Putin’s fault. Sure it is.
Did Putin shut down the pipeline? No, Biden did that.
Did Putin cancel Oil leases? No, Biden did that.
Did Putin stop drilling in the Gulf? No, Biden did that.
Did Putin stop drilling in ANWR? No, Biden did that.
Did Putin demand that Oil Companies reduce production? No, Biden did that.
Oh yeah, this is all Putin’s fault. Sure it is.
The prices of individual commodities and groups of commodities will rise and fall with supply and demand, often influenced by government regulation or subsidies. But inflation is caused by government deficit funded by newly created money.
Preach it!
Copy and paste it all over the net.
Why did this all start?
Who started all this?
When did it start?
What started it?
And nobody better ever claim it was Putin that started it. He is the result of the answers to those questions.
That is mine..you go right ahead and use it. Copy and paste it all over the net.
Drunk, again.
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