Posted on 10/22/2024 7:43:53 AM PDT by SeekAndFind
Updated, accurate reports have just been released by distinguished economists, federal watchdogs and reputable fact checkers on the actual economic situation—according to these, the U.S. has been in a recession since 2022, and the real inflation rate is now hovering close to 40%.
Most recently, the Brownstone Institute indicated the actual inflation rate as close to double the “informed” rate from media and government sources:
Many have questioned the accuracy of official inflation statistics, with dozens of academic papers written on the topic and doubts voiced by sources ranging from the New York Times to former President Donald Trump.
[snip]
According to our adjustments, cumulative inflation since 2019 has been understated by nearly half. This has resulted in cumulative growth being overstated by roughly 15%. This is a large amount for just 5 years – for perspective, peak-to-trough drop in real GDP during the 2008 crisis was 4%.
Moreover, these adjustments indicate that the American economy has actually been in recession since 2022.
Okay, so Biden/Harris Inc. has actually done a fabulous job, in this sole area: hiding the woeful economic state of American citizens, going on four years. But they’ve been hiding in plain sight—that we know from our acute struggle, as most Americans today are tied in money knots to hold on to their homes, families, livelihoods, farms, and survival.
The Brownstone Institute economists agree with the American people:
These conclusions are in stark contrast to the establishment narrative that the US economy is enjoying robust growth that for some reason the public is incapable of perceiving. Indeed, our results are consistent with the perceptions of the American public, of whom a majority believe we are in recession.
(Excerpt) Read more at americanthinker.com ...
not to worry
there’s nobody behind that curtain
The Biden/Harris regime, which caused most of this runaway inflation in the cost of living in the first place,
is promising to make up for it for all the Sociable Insecurity pensioners
with a great big whopping super-sized “2/5% Cost of Living Adjustment”
now ain’t that “mighty white” of The Biden/Harris regime?
/s
Target is proving this is true.
Companies are BSing us big time. What jerks to raise prices more than necessary.
I think if they had even partially factor the price of necessities, the prime lending rate would be in the 7 to 9 percent range. And that would have screamed much of the US economy to a halt.
Are you talking the Fed's fund rate? From what I can tell the prime rate for banks is already around 8%+.
There is a NATO training program in Texas. Europeans once loved to come here to attend the training because things were downright cheap compared to Europe. Not anymore. They are now shocked at the price of things from groceries to well, everything.
Prices never went back down after Carter and they won’t now, the prices for stuff we are seeing now is already baked in to the cake and will remain.
I believe the 40% inflation rate. That is from 2020 till today.
THAT increase doesn’t even buy 1/2 tank of gas in my car.
All the government economic numbers are pure BS They try to say food has increased 30%. Yet I’m spending 2 1/2 times more for groceries that 3 years ago. That’s 150%.
bookmark
I just left Costco and I will throw this out: they’re Kirkland brand Keurig cups are at the lowest price they’ve been in many years.
But comically, I don’t expect them to increase social security benefits by 150% this January.
Yes. The social security cola is not only a big ripoff. It’s downright INSULTING
Same with the price increases with obama.
I used to buy a two pack of huge peanut butter jars for my son. Before obama it was $7. After he was if office for a while it was $15. Those prices never went down.
Dem presidents cause us economic hardships.
Carter
Obama
Biden’s handlers.
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