Tag: inflation

Biden claims COVID-19 keeps Americans from seeing ‘things have gotten so much better for them’

President Joe Biden claimed the COVID-19 pandemic has made it psychologically difficult for Americans to feel happy despite their improving economic circumstances.

During an extensive interview with Brian Tyler Cohen that aired Saturday, the progressive host asked Biden to address frustration that some Democrats might feel that the party’s agenda is not moving forward quickly enough despite Democrats controlling both Congress and the White House.

Biden replied by suggesting that the psychological toll of COVID-19 prevents some Americans from seeing the progress that has been made under his administration.

“I think the biggest impact of the psychology of the country has been COVID,” said Biden, pointing out how more than 1 million Americans have died from the virus.

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Joe Biden says delusional Americans are imagining inflation

Hard-left podcaster Brian Tyler Cohen interviewed Biden. The topics were what would expect—Biden’s race- and sex-based Supreme Court nominee, claims that Trump and other Republicans support Putin, boasts about his strategic genius, etc.—but the real surprise was Biden’s claim that COVID has made Americans so psychologically unstable they can’t understand that the Biden economy is wonderful.

Here’s what Americans know: They are facing hard times. The economy is creeping back, but it’s nowhere near what it was under Trump before COVID. In 2019, unemployment was 3.6%. It went up to 6.7% in 2020. It’s now 4%, still short of the pre-COVID rate.

That 4% doesn’t even include the millions of people who dropped out of the workforce. CBS blames long COVID but it’s a good bet stimulus checks have also depressed the workforce. If people are paid not to work, they won’t work. When government money finally ends, they might come back.

Inflation is a problem, too. While wages have increased, those increases haven’t kept pace inflation’s 40 year high. A 3.5% raise is meaningless if life’s necessities (food, shelter, energy costs) increase in price by 7% or more.

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80% of All US Dollars in Existence Have Been Printed in Just the Last Two Years

Since March of 2020, Americans and the world alike have watched from the sidelines as power hungry politicians have ushered in draconian lockdowns, shutdowns, police state measures, and brought the economy to its knees. While governments around the planet used their central banks to devalue their currencies by printing money to fund their tyranny, the US led the way down this road to fiscal horror.

Thanks to the trillions of dollars the Federal Reserve has printed over the last two years, America is currently in an inflation crisis. One need only look at the price of groceries over the last two years to realize just how bad of a crisis we are currently experiencing.

As the Biden Administration blames high prices on greedy industries, this is little more than a distraction from the actual perpetrator. Nevertheless, the left continues to attribute soaring costs on businesses making “too much profit.”

While these corporations are not innocent in this debacle, the role of America’s central bank is far more insidious. As government spending has skyrocketed over the last two years, they have financed their massive expenditures by stealing value from your savings by printing more money through the central bank.

When you print more money it means there are more dollars chasing the same amount of goods and services, which causes prices to rise. In just the past three fiscal years, federal spending has swollen to nearly $7 trillion a year, up from about $4.4 trillion in fiscal year 2019. Spending was $6.6 trillion in 2020, and $6.8 trillion in 2021.

If we want to put this into perspective, we can take a look at the monetary supply at the beginning of 2020, which showed just $4.0192 trillion in circulation. By January 2021, that number had jumped up to $6.7 trillion — but this was only the beginning.

By November of last year, that number climbed to $20.354 trillion dollars in circulation — meaning that since January 2020, the United States has printed nearly 80% of all US dollars in existence. 

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When It Comes To 2022, You Should Definitely Prepare For The Worst

If you have a bad feeling about 2022, you are not alone.  As we approach the new year, it seems like things are going wrong all around us. We are facing the most epic supply chain crisis in our history, inflation is out of control, vaccine mandates are killing careers and forcing people out of jobs all over the country, and America is the most deeply divided that I have ever seen in my entire lifetime. Meanwhile, another wave of the pandemic appears to be building, our hospitals are already packed with non-COVID patients, global hunger is on the rise, and a major war could erupt in the Middle East at literally any moment. Unfortunately, I am entirely convinced that many of the problems that we are currently dealing with will escalate to an entirely new level in 2022.

For example, if you think that inflation is bad now, just wait until you see what is coming. We just got more evidence that wholesale inflation numbers are absolutely soaring…

New wholesale inflation numbers from September are in and once again prove the rapid increase in prices for everyday items isn’t “transitory” as President Joe Biden has repeatedly claimed.

Wholesale prices rose by 8.6% compared to September 2020, matching the largest increase on record.

The days of relatively low inflation are gone for good. As wholesale inflation numbers continue to spike at a very alarming rate, it is inevitable that these cost increases will be passed along to consumers.

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