Read an article yesterday that said, by the old method used during the Carter Administration, Carter's high was 14.5% and Xiden has eclipsed that by roughly 2% at 16.5%.
PNK, "grim" is a hell of an understatement, we aren't looking at "inflation" but "collapse," globally! The differences in America in 2022 vs in 1978 is that we don't hav…
Read an article yesterday that said, by the old method used during the Carter Administration, Carter's high was 14.5% and Xiden has eclipsed that by roughly 2% at 16.5%.
PNK, "grim" is a hell of an understatement, we aren't looking at "inflation" but "collapse," globally! The differences in America in 2022 vs in 1978 is that we don't have the capacity to survive, with our "service economy." What idiot ever thought that was a good idea.
Using the Carter era formula inflation is around 17% now. It’s a shame that more people don’t acknowledge this, the CPI formula has changed twice since that time. Comparing todays inflation rate with that of the Carter admin is apples and oranges. Data here:
Biden told his fancy donors who paid 38.5k a pop in Beverly Hills that inflation was going to be around for a while. Yet, he goes on and straight out lies to the American public that the economy is at historic highs. Never mind those pesky markers and indicators. We're all gonna be green and that's all that matters!
Read an article yesterday that said, by the old method used during the Carter Administration, Carter's high was 14.5% and Xiden has eclipsed that by roughly 2% at 16.5%.
PNK, "grim" is a hell of an understatement, we aren't looking at "inflation" but "collapse," globally! The differences in America in 2022 vs in 1978 is that we don't have the capacity to survive, with our "service economy." What idiot ever thought that was a good idea.
Using the Carter era formula inflation is around 17% now. It’s a shame that more people don’t acknowledge this, the CPI formula has changed twice since that time. Comparing todays inflation rate with that of the Carter admin is apples and oranges. Data here:
http://www.shadowstats.com/alternate_data/inflation-charts
Thank-you! I know it feels that high.
Whether the inflation is the prelude to a collapse is indeed a question.
That is a speculation I have had before.
https://allfactsmatter.substack.com/p/falling-down-the-rabbit-hole
While the current consumer price inflation is getting worse, the underlying economic issues have been around for quite a while.
Clinton.
Biden told his fancy donors who paid 38.5k a pop in Beverly Hills that inflation was going to be around for a while. Yet, he goes on and straight out lies to the American public that the economy is at historic highs. Never mind those pesky markers and indicators. We're all gonna be green and that's all that matters!
I call it "The New Green Deal" which stands for all the new green dollars for politicos.
Remember Solyndra and Obama, this is gonna be bigger, a lot bigger!
Think trillions!