Brutal: Inflation Isn’t Going Anywhere
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Break out the one hit wonder from way back when. Hot, hot, hot buster, poindexter, we’re talking about inflation.
Yeah, yeah, numbers pretty hot to say the least here. Yeah, let’s go through some of this. Index for shelter up 0.4%. That accounted for 30 % of the monthly all items increase. Energy up 1.1%. Food up, food at home up.
1.5, yep, meats, poultry, fish, eggs up 1.9%, food away from home. Non-alcoholic beverages increased 2.2%. Again, does this, paying attention that the Federal Reserve really doesn’t know much. All eyes today, again, like yesterday, Jay Powell is there in Congress and they’re asking him questions.
One that long ago, one that long ago, they lowered interest rates by another 50 basis points, total of 100 basis points. What have we seen since then? Well, I’m gonna tell you what we’re going to see moving forward when it comes to the news. This inflation number, this hot inflation number is gonna be put squarely at the feet of Donald Trump. Again, this is a January.
Donald Trump got sworn in on January 20th. Okay, and again, they’re gonna say, well, know, it’s the reason why is people are raising prices because they’re thinking about tariffs moving forward and all of this stuff that’s going on.
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again, you you can’t trust anything, any of the numbers that come out of the government. You talk about whether it be the jobs numbers, whether it be the inflation numbers, they’re always tinkering with these things. And I do believe, and we alluded to it at the time, that, you know, the Fed lowering interest rates based upon the numbers that were available, much of which I think was a bit of a fugazi,
didn’t really make any sense. He was almost giving contradictory statements at that point in time. But then again, we were told that no, no, the Fed never gets involved in politics. Bullshit. Okay. Excuse me. Yeah. Bullshit. Yeah. Whoops. Sorry again. Anyway, let’s just go over the past four years. Past four years. Medical care up 9.1%.
apparel up 9.3 % new cars up 19 % used cars up 21.5 % food at home up 23.2 % shelter up 24.7 % food away from home 25 % electricity 29.6 % gas and utilities up 33.6 % gasoline up 34.9 % home prices up 39.4 % transportation up
43.5 % fuel oil up 44.6 auto insurance up 60.9 % and eggs up 238%. Actually, it was funny. One of Obama’s economists, Jason Furman, and Jason has been teetering around the edges.
for the past several years under Biden. He didn’t fully come out against Bidenomics, but basically he has now. Saying the entire thing was an absolute joke, it was stupid. All of this industrial policy. Again, I don’t know. Maybe he’s free to speak his mind. He does teach at Harvard now. I don’t know if he’s gonna get kicked out of there for doing that, but he’s right.
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The reality of our situation, and this is the reality of Donald Trump, and he’s gonna have to handle this, and he’s gonna have to get out in front of this right away. It ain’t coming down anytime soon. Okay? I had a problem with Trump on the campaign trail, again, trying to get himself elected, you know, talking about how prices are gonna come down immediately as soon as he got voted in the office, and I was like, don’t say that.
Don’t say that phrase differently. There’s been a lot of damage done over a long period of time. Take a look at our national debt. Take a look at our deficits. You don’t go, you don’t spend your entire life. You don’t take care of yourself. You’re out of shape. You’re not even morbidly obese, but you’re just out of shape. You’ve got no muscle tone.
You decide, you know what, you’re gonna go to the gym. If you think you’re going to make up decades of inactivity overnight, it’s not the case. This is a process and the steps are being taken and they’re gonna have to lay this out to people. gonna have to, they need to understand that, again, Doge is a part of this.
Lowering energy prices is a part of this and this is going to have to filter through. The blowback from most of the people is going to be, know, well, tariffs are going to raise things here and there and they’re not wrong.
They’re not wrong. again, tariffs, not so much inflation. Tariffs is a, tariffs, excuse me. Inflation is a monetary issue always. And we’ve been living willy nilly for a period of time and it’s not gonna get better. Here’s an example. Okay. We have a $66 billion 10 year bond from February 2015 that’s coming due tomorrow.
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2015, February 2015, the federal government went out and borrowed $66 billion for 2%. Well, okay, that bond is up, but guess what?
We need the money.
Yeah, the government needs that 60 say they got to pay back that $66 billion of bond is up, but they’re going to just go ahead and borrow it again. Again, this is how our government works. Okay. Essentially using one credit card to pay off another credit card. So the one credit card, the one credit card that you have to pay off. it’s $66 billion was paying 2 % for 10 years. That’s going to be replaced right now with a.
Another $66 billion, but they’re paying over four and a half percent.
Think about that. That rollover, that simple rollover of that debt is gonna cost an additional one, about $1.7 billion a year to you and I, the taxpayer. That is the world we’re living in right now. I try my best to explain it here on the show, but honestly, people need to go out, politics, if you care about this, you have to explain this.
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to the American people. And I know, I know you got a lot of idiots out there be like, it’s not as short. Well, I only watch clips on TikTok for a couple seconds. You’re not gonna get to them. They’re morons, okay? But have to reach out to the people that haven’t been floated into that area of moron arena there. You have to explain this to people. This is what’s going on. We’re refinancing debt that we’re at very, very low rates not long ago.
much, much higher rates, which is going to cost us a hell of a lot more. So we need to get this spending in check. We need to get our deficit down. This has to stop.
There’s nothing the Federal Reserve can do. Nothing. There’s no magic here to make inflation go down unless we cut spending. Watchdog on wallstreet.com.
