posted March 15, 2023 12:42 PM            

.....February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%. Meaning prices (on aggregate) are 6% higher than this exact same time last year.

Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.

Workers are going backwards.

Our current inflation crisis is directly related to the western aligned intentional Build Back Better/Green New Deal, climate change policy decisions that have destroyed energy production and created massive increases in energy costs. Those costs go everywhere and drive up the unit price of all goods and services.

Nothing about the Biden economic plan, which is really an extension of the collective WEF economic plan, has anything to do with ordinary supply-and-demand imbalances – other than the forced and intentional destruction of oil, coal and natural gas development.

posted March 16, 2023 12:46 AM            

quote:

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Originally posted by Randall:
Inflation falls squarely on the shoulders of Biden who flooded the economy with shrinking dollars—kicked off by his attacks on American energy—which also allowed Russia to have the money to fund his Ukrainian invasion and caused the Fed to raise interest rates, which made Treasury bonds drop and helped to make the bank insolvent. All Biden, all the time. The Green New Deal is literally destroying this nation.

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