Inflation continues to surge, with the ruling class reporting an increase in the consumer price index of CPI of .4%. Inflation is up 8.2% from a year ago, according to BLS data released Thursday. Worker wages took another hit, falling 0.1% monthly and 3% year over year when adjusted for inflation.
A massive market crash is coming, although when is still the big question. The economy simply cannot continue the way it has and there will be dire financial consequences for allowing our enslavement by central banks. Inflation is still hovering around all-time highs achieved in the 1980s. Recession is unavoidable at this point. Mainstream media outlets are still trying to sugarcoat the massive distress in the economy.
“The Federal Reserve has made it very clear they’re committed to price stability, they’re committed to reducing the inflationary pressures,” said Michelle Meyer, chief U.S. economist at the Mastercard Economics Institute. “The more inflation comes in above expectations, the more they’re going to have to prove that commitment, which means higher interest rates and cooling in the underlying economy.”
Here’s how they are attempting to cover for the economy collapsing before our very eyes:
Excluding volatile food and energy prices, core CPI accelerated 0.6% against the Dow Jones estimate for a 0.4% increase. Core inflation was up 6.6% from a year ago, the biggest 12-month gain since August 1982. -CNBC
Energy and food prices are “volatile” but also essential and people are having a hard time covering the continual increases in the cost to drive and eat. The report had an impact on financial markets, with stock market futures plunging and Treasury yields moving up as traders priced in likely more aggressive interest rate hikes ahead from the Federal Reserve.
The rising costs meant more bad news for workers, whose average hourly earnings declined 0.1% for the month on an inflation-adjusted basis and are off 3% from a year ago, according to a separate BLS release.
Inflation is rising despite aggressive Federal Reserve efforts to get price increases under control. -CNBC
And yet people still believe the Federal Reserve is out to save them, not enslave them.
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