Fed Denies That 'Nightmarish Inflation' Even Exists

[G.L.R.]

They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists

June 26th, 2021



Gaslighting is a form of psychological manipulation in which a person  or a group covertly sows seeds of doubt in a targeted individual or  group, making them question their own memory, perception, or judgement.

Over the past year, our  politicians in Washington have gone on the largest spending binge in  U.S. history by a very wide margin, and the Federal Reserve has created  the most enormous financial bubble of all time by pumping trillions upon trillions of fresh dollars into the financial markets.  Of course this  was going to cause very painful inflation, and prices are rising very  aggressively all around us.  But Federal Reserve Chair Jerome Powell and  other leaders in Washington are trying to convince us that even though  they added all of this money to the system it has hardly affected the  overall rate of inflation at all... Everyone needs a place to live, and existing home prices have risen 23.6 percent over the past year...  The median existing-home price rose 23.6% in May from a year earlier  to $350,300, a record high, NAR said. The annual price appreciation was the strongest in data going back to 1999... The typical home that sold in May spent 17  days on the market, matching the record low reached in April, NAR said. Buyers with limited cash for down payments are struggling the most to  compete. Half of existing-home buyers in April who used mortgages put  at least 20% down, according to a NAR survey. But Federal Reserve Chair Jerome Powell insists that everything is  just fine and that the Fed is perfectly  capable of keeping inflation around 2 percent...

How can you claim that you are going to "keep us around 2% inflation" when inflation is already out of control? As John Williams of shadowstats.com has documented, if honest numbers were being used the official rate of inflation would already be well into double digits. Of course for certain categories we are now seeing triple digit  inflation.  For instance, at one point in May the price of lumber was  four times higher than it was at the same time last year...The price of lumber, which shot up to $1,600 per thousand board feet  in May from $400 early last year, is making renovations more expensive – especially projects that involve kitchens cabinets, hardwood floors and  additions that require framing. "If you look behind the headline and look at the categories where  these prices are really going up, you'll see that it tends to be areas  that are directly affected by the reopening," ..."The [wholesale] price of wings a year ago was as low as 98 cents,"  per pound, Charlie Morrison, Chairman and CEO of Wingstop Restaurants  Inc., told CNN Business. "Today, it's at $3.22."...

They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists | Jew World Order
Gaslighting - Wikipedia
http://www.jewworldorder.org/they-are-gaslighting-us-nightmarish-inflation-is-already-here-but-the-fed-is-denying-that-it-even-exists

[G.L.R.]

People have asked this all my life and here's the answer - Almost 1/3 of the debt is held by domestic investors, 1/3 by foreign investors, 1/3 by the US government and a couple trillion by the Federal Reserve.  Looks like the Federal Reserve is sitting pretty! Remember that monetary inflation = price inflation.