CPI jumps 5% in May of 2021, fastest since 2008
- Thread starter Matt Collins
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Madison320
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We just hit 34 trillion in debt. The root cause of inflation is government spending and debt. We borrowed almost 3 trillion in calendar year 2023. The next round of inflation will be worse than the last. The Biden regime is hoping the fed can raise rates and the price inflation will hold off until after the election. My guess is it won't matter and Trump wins. I think the price inflation comes roaring back with Trump in office and the Trumpsters will have to come up with an excuse. The reality is that both parties are inflating the money supply due to their excessive spending.
acptulsa
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acptulsa
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I already call them completely fabricated, and will soon call them comedy.
Cap
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- Sep 21, 2007
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Yep, the two party system is a lie. We know the dems are demonic and we've known for a while team red is too. I am the angriest at the pubbies, because they have led generally good and honest people down a primrose path. Now the country is experiencing calamity. Debt...War...Bigger and Bigger government...Collapse. Republicans are co-conspirators. They deserve to pay a severe price.
Americans credit card payments being missed at highest rate in a decade. I noticed this morning those assholes at American express cancelled my account without notifying me , I probably havnt used it in a couple years but still that seems like bad customer service .
Powell says rents will come down . I disagree , just the tax assesments and ins increases alone prevent that. In many places the rents will still need to rise because it isnt all yet factored in. We dont even need to look at interest rates and maint costs.
The whole wages going up thing is laughable. Wages dont start to go up until after the third world inflation sets in. Employers hand out a raise so employees can keep commuting and eat lunch . It is reactionary not root cause .Median US income today 39,359.00 in the yr 2000 , 24 yrs ago 31,635.00. So during the last few years of blatant lying about the jobs numbers ( and monthly revisions down later) you must also expect the inflation numbers are not real. Median new US home today 421,417.00 , 24 years ago 161.760.00 , 160.25 percent increase , 6.67 percent per yr avg while gdp averaged 1.9 while wages went up .8 percent avg. national debt in yr 2000 5.6 trillion, today 34.2 trillion , over 500 percent increase, who thought they were going to grow the way out of that? A simple child would know better. Your currency is worthless and you live in the third world with a justice system to match. What just happened in the past 24 yrs can escalate fast but it wont improve. For 2 1/2 decades americans are 6 percent per yr avg worse off in home buying from new home price increase to wage increase comparison. Now that is the real inflation.
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