Tag: inflation
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Bidenomics brought you cumulative inflation of 17% in only 19 months
Since Joe Biden took office in 2021 the cumulative effect of compounding inflation over less than two years has amounted to 17%. This means today it takes $1.17 to buy what would have cost you $1.00 in January of 2021. This is using the U.S. Bureau of Labor Statistics web site. It’s important to look…
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Inflation in reality explained
Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy.…
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Retail sales at U.S. stores declined 0.6% in November WITHOUT adjusting for inflation
In October retail sales in the U.S. rose 1.3% and in November sales declined by 0.6%. Neither measure is adjusted for inflation which is over 7% for each month. Let’s forget for the moment inflation is no longer calculated to include the things you need to survive, like food and gasoline. October and November are…
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Stacey Abrams: When asked about inflation – “You can’t divorce being forced to carry an unwanted pregnancy from the economic realities of having a child”
She forgot to mention aborting babies will also lower your carbon footprint and help fight climate change. I’m not an anti-abortionist. But can we stop using the killing of babies in the womb to solve inflation and climate change? This is morbid stupidity.
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U.S. and California Economy is so great people are going to Mexico for lower prices
I wonder what kind of ad Gavin Newsom will run in Mexico telling Mexicans to shop in California? I guess living in a border town has its advantages as long as you can avoid the rampant crime and threats from cartels. Might be worth it for the great street tacos at low low prices.
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My personal inflation rate is 33.52%
The Wall Street Journal put together a handy little personal inflation estimator. You check off the boxes of the things you normally consume and they pop out an inflation number. If I was a more normal person that consumed more processed food, pop, beer & wine, and less meat I wouldn’t be feeling the pinch…