Free Republic

U.S. inflation hit a 40 year high in November, cementing high and rising inflation as the hallmark of the first year of Joe Biden’s presidency.The Labor Department said the consumer-price index—which tracks what consumers pay for goods and services—rose in November by 6.8 percent from a year ago. That was the fastest 12-month pace since 1982 and the sixth straight month of inflation above 5 percent.The core price index, which excludes the often-volatile categories of food and energy, increased 4.9 percent in November from a year earlier, a faster pace of price hikes than October’s 4.6 percent.On a monthly basis,...

CNN can’t help itself. The network actually spun news of Americans seeing the highest inflation in nearly 40 years as positive news in an attempt to benefit President Joe Biden. The Bureau of Labor Statistics released a jaw-dropping report showing that the Consumer Price Index skyrocketed 6.8 percent on a year-over-year basis in November. The inflation was “even more than expected,” and was the “fastest rate since 1982,” according to CNBC. CNN Chief Business Correspondent Christine Romans kicked off her coverage of the inflation news on CNN Newsroom by initially characterizing it as a “gut punch that feels like it...

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that we have “an overheating economy” but President Joe Biden isn’t to blame for inflation. Brooks said, “I don’t think he’s to blame for the inflation rates. I think that’s mostly the supply chain issues and other things, and the fact that we have a booming economy. So, we’re in an overheating economy. And you could make the argument that we shouldn’t have passed that infrastructure bill, but that is not affecting the economy right now. It’s too soon. And so you can make the argument we shouldn’t be...

The Great Reset is a Globalist Trojan Horse using the cover of "Climate Change" to destroy American Economic Power and transfer power to the IMF By Ezequiel Doiny The World Economic Forum's "Great Reset" (which Biden is implementing) is Neo Marxism packaged in a way that if you oppose it you either want to destroy the environment or you are a racist. Supporters of the World Economic Forum and sympathizers of the Fabian Society are using the facade of "Climate Change" to subvert democracies worlwide and impose a "Great Reset" to eradicate national frameworks and create globalist, borderless, godless, neo-marxist,...

El Erian spoke on US TV over the weekend (CBS’s “Face the Nation”), saying that the Fed's insistence on calling inflation transitory is probably the worst inflation call in the history of the Federal Reserve And went on: “It results in a high probability of a policy mistake,” “So the Fed must quickly, starting this week, regain control of the inflation narrative and regain its own credibility. Otherwise, it will become a driver of higher inflation expectations that feed off themselves.” El Erian says the Fed should cut back on the liquidity it is providing ASAP.