Washington, D.C. — Inflation is on the rise.
Everyone in power seems to be downplaying the adverse effects of the rising inflation. The President is denying that inflation is even happening. The Federal Reserve is downplaying the problems that come with inflation. But nothing came close to this headline from CNBC last week:
That’s a new one.
For those following, this is stage 3 of the “Seven Stages of Grief” — bargaining.
For one, this is an absurd argument. To say that inflation is fine because salaries will go up is irrational. Inflation simply means the devaluation of a currency. Inflation rising means the dollar is now worth less, so what does it matter if salaries are rising when the dollar means less?
But to make matters worse, it’s also a complete lie.
Salaries are not keeping pace with inflation. Because they simply can’t.
Even CNBC’s own article admits this a few paragraphs in:
“However, incremental wage increases are unlikely to keep pace as the cost of living rises, cautioned David Weliver, founder of personal finance site Money Under 30.” – CNBC
Politicians, Wall Street executives, and so-called financial experts are quick to make excuses to justify this inflation. But that is simply because it is these same people whose policies created this problem.
No matter what spin is put on this issue, the facts are clear. Inflation is particularly damaging to blue-collar workers. People who count on scraping together every dollar to pay for food and basic necessities are now facing even bigger hardships.
President Biden is still ignoring this growing problem and continuing the narrative that the economy is coming back in full swing.
Recovery is still very far off, and the ongoing inflation is just one symptom of a coming crisis.
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If, as the Democrats are saying, inflation is our friend then I thank GOD I don’t have a lot of friends like that. Inflation is like a thief in the night. We get robbed and aren’t really aware of it until later. Inflation doesn’t hit us like an earthquake. It is more like a pea-soup fog that creeps in on us without any notice or fanfare. It isn’t until we go shopping and realize that now we need a bag full of money to buy a hand basket of groceries instead of vice versa how we have been robbed. Too late we realize that our government has screwed up the economy again and we, of course, end up paying for their idiotic actions.
We can change the dangerous course our government is taking in next year’s elections. Just elect Senators and Representatives, Governors and legislators, and other elected officials who have a basic understanding of economics and money management.
not going to happen anytime soon, unless we go to paper voting; as long as dominion machines are use there will not be honest voting.
Inflation is 10%, your wages go up 10%, even right, noway. Your taxes deducted on your 10% “increase” are 35% (FIT, FICA, and STATE). Bottom line: You lose 3 1/2% purchasing power plus whatever you net worth is that couldn’t get a return of 10% NET OF TAXES.
Really nice to see there are frauds at CNBC sucking up to this administration.
Inflation is a gimmick through which the money supply is removed from the economy, causing prices to rise and the dollar to fall. Salaries don’t go up and after every bout of inflation, we find ourselves poorer with less purchasing power and a few more middle class workers disappear from the middle class.
The DIMocrats would be out of business if they couldn’t lie! This rivals calling honest voting ‘Jim Crow’
Not only is our money system a huge fraud owned by the private Federal Reserve but we are paying interest on counterfeit money. Why doesn’t our United States government print our own money interest free?
The sad truth about inflation is that you can never get back to where you once were. Inflation always adjusts “whatever the market will bear”. Once it is established that the public will pay an inflated price, Corporate America will leave it as close to that price as possible while convincing the public that things are getting back to normal. Wages never parallel inflation and the blue collar always loses. White collar may notice the difference but they have the buffer to handle it. Blue collar was living paycheck to paycheck before inflation started. Now they are one step closer to joining the ranks of the poverty stricken people on the rung just below theirs. This nation can’t afford to take care of the low income members of society that we have now. Increasing that number won’t make it any easier.
Given the FACT that those who figure Inflation do not include the two things that effect inflation the most they all LIE about inflation all the time. The cost of both food and fuel drive the price of EVERYTHING UP. Fuel is the biggest amount of Cost in everything. To move food or anything else in America around takes fuel it also takes fuel to make most things in America. It takes food for those who make things to be able to make them. So food is nearly as much a driver of inflation as Fuel and leaving them out is plain IGNORANT and a MASSIVE LIE.
CNBC lies about everything!!!! considering they’re a subsidiary of NBC and an arm of the Socialist Democratic People’s Democratic Party…..who would’ve thunk…😳
What about retirees, is social security keep pace with inflation? No way.
CNBC’s underwear has a pants lining!
the liberal/socialist and their media mouth pieces, have been lying and will continue to do so, there are no way for the truth to ever be told, and they know it. They spew their dreck 24/7 and sheeple just suck it all in, never question, never confront what they are being fed. The inflation monster raised it’s head starting in Feb., and is now standing there looking to take as much money from the hard working people as it can at will. Our only hope is that there are enough real Americans who will see this for what it is, an assault on our weak economy due to the liberal/socialist mandates over the last year that crippled our economy, now inflation will make it worst. So people/sheeple prepare for an other round of ankle grabbing as the liberal/socialist continue their reign of terror on this country. I hope people remember this during the next election cycles, and start voting the liberals out of office, other wise the pain will get worst.
The evil fascist left is hell bent on destroying the prosperity of the United States because a much poorer people is a more manageable people. To totally control every aspect of human life the Marxist must control healthcare, energy, the economy, and the educational system. They have healthcare and the educational system but still need total control over energy and the economy. Selling global warming and increasing federal spending should finally bring every vital thing under their control of this once great republic.
Income taxes are NOT indexed to inflation; therefore, when wages increase, no matter the cause, the IRS collects more money.
When your money doubles, prices double; however, you don’t really have not doubled your buying power, or even kept up with what you had. Income tax on $100,000 is about $30,000; however, Income tax on $200,000 is almost $70,000. Your wages have doubled and prices have doubled; however, your buying power is about $10,000 less.
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Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!
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We will take that into consideration! Thank you for the input. We have some columns by Congressman Tancredo who writes at a decent length. I would recommend any of his articles. His latest is called “SHUT THE DAMN THING DOWN!”
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