U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years

[Anonymous]

Don’t worry, folks. The inflation is just transitory.

[Anonymous]

Oh please, Jen. Nice try!

https://www.cnbc.com/2021/12/13/el-erian-says-transitory-was-the-worst-inflation-call-in-the-history-of-the-fed.html

[Anonymous]

Nothing to see here. It all started once 46 was sworn in.

[Anonymous]

It’s twice that amount. They totally discount housing/rent which they have at 6 percent. It’s 20 percent up.

The government lies about inflation because they have a million reasons to.

1) inflation is a tax without politicians having to vote for one
2) it holds down increases in social security payments
3) it holds down salary increases for feds
4) it keeps people from hating the government
5) it makes budget crippling interest rates from being raised and destroying the ability to pay 30 trillion debt service
6) it shrinks the effective size of the debt without having to pay inflation related interest rates.


In no way should the government be the authority on the inflation rate. It’s like students grading themselves.

[Anonymous]

^^^ on the bright side, the end game is the collapse of the currency and the dollar losing reserve status. Then in one fell swoop the government loses a massive amount of power and authority.

[Anonymous]

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

Who do you think bears the brunt of the impact of inflation? It's the same people you would refer to as wage slaves. This inflation offsets whatever increase in wages they are enjoying.

[Anonymous]

[Anonymous]

Anonymous wrote:

Ask the oil companies. A year ago, the supply exceeded demand because no one was going anywhere. This year, demand went up rapidly but supply is controlled by cartels who are able to collect windfall profit for a while before increasing production. Oil companies are not hurting.

[Anonymous]

This is great. We need more of it. My house has increased so much in value.

[Anonymous]

For people still babbling about wonderful wage gains:

Frontline workers are getting raises, but inflation is whittling the gains to "pennies"
https://www.cbsnews.com/news/inflation-real-wages-raises-workers/

[Anonymous]

Inflation at today’s rate is like working as a volunteer except you pay taxes on your work.

[Anonymous]

Jen blames inflation on "greedy meat conglomerates" after their own bad fiscal policies.

https://www.dailymail.co.uk/news/article-10310497/Psaki-blames-greedy-meat-conglomerates-inflation-supply-chain-problems.html

[Anonymous]

Anonymous wrote:Jen blames inflation on "greedy meat conglomerates" after their own bad fiscal policies.

https://www.dailymail.co.uk/news/article-10310497/Psaki-blames-greedy-meat-conglomerates-inflation-supply-chain-problems.html

This entire political cycle rings a very familiar tone.

[Anonymous]

Anonymous wrote:For people still babbling about wonderful wage gains:

Frontline workers are getting raises, but inflation is whittling the gains to "pennies"
https://www.cbsnews.com/news/inflation-real-wages-raises-workers/

So...a net gain?

Please explain to me how this is worse than no inflation and no gain?

[Anonymous]

Anonymous wrote:

Anonymous wrote:For people still babbling about wonderful wage gains:

Frontline workers are getting raises, but inflation is whittling the gains to "pennies"
https://www.cbsnews.com/news/inflation-real-wages-raises-workers/

So...a net gain?

Please explain to me how this is worse than no inflation and no gain?

You didn't read the article, did you?

"Kroger in October lifted its average hourly wage to $16.25, a boost of $1.25 from its prior average rate. But a Kroger grocery worker these days would have to earn $16.08 an hour to have the same purchasing power as someone earning $15 an hour before the pandemic, Brookings found." In short, the real increase is pennies per hour. Wow. Amazing!

Then there is also: "Many of the hardest-hit are people who work in professional and business services — white collar jobs such as accountants and architects — who saw their wages rise 5.7% in November, compared with a year earlier. But inflation outpaced that, with a 6.8% increase during that same time."

Spin that as much as you want. You can be like Kroger, who protested the Brookings finding by claiming the "real" pay was closer to $21 a hour when factoring in "benefits" like "continuing education and tuition reimbursement, training and development, health and wellness, and retirement benefits." Um. Cool. Those benefits are going to pay the rent and put food on the table!