From Peter Reagan for Birch Gold Group
In addition to the already bad news we revealed last week, it looks like there is even more bad news for Biden.
It appears like it’s becoming even more expensive to live in this country, no matter where you decide to put down roots or try to save for your retirement.
So let’s take a quick look at why that could be…
No matter how the administration tries to spin the last few years of inflation, the fact is, it’s persistent and heating up again. On top of that, it looks like even more people are starting to come to grips with that reality.
A recent AP survey put a spotlight on the newest developments:
An AP/NORC survey showed 58% of respondents said Biden has “hurt” the cost of living.
Years of relentless price increases on gas, groceries, and other necessary items tend to support the perfect storm of economic impacts the poll respondents could be feeling.
In fact, according to a recent update by Charlie Bilello, the rate of price inflation has been both high and persistent for the first time in over 30 years:
The U.S. Inflation Rate has now been above 3% for 36 consecutive months, the longest period of high inflation since the late 1980s/early 1990s.
By comparison, the same AP survey surprisingly revealed that 40% of respondents thought Trump’s administration hurt the cost of living. It’s understandable that they think that way. After all, he was in charge when the Fed lit the spark for higher inflation during the initial COVID-19 panic.
But the fact is, the inflation rate didn’t actually start heating up at a noticeable rate until a few months into Biden’s tenure. It eventually reached a historic pace in June 2022 not seen in the last 40 years (officially as high as 9% year-over-year).
In addition, a news release by the Associated Press revealed that some Americans have long memories of exactly who was in charge when it comes to the price they’re paying at the grocery stores and gas pumps:
“Considering the price of gas, the price of groceries, the economy – I did very well during those four years,” 60-year-old Christina Elliott, a Texas Republican, told the AP of Trump’s tenure. “I didn’t have to worry about filling up my tank or losing half of my paycheck to the grocery store.”
With all of that in mind, here are three more data points to consider, that add to the heap of data that show how Bidenflation is affecting people.
More bad news about price increases in three charts
While the “price at the pump” has risen and fallen over the last few years, it hasn’t fallen back down to “Trump-era” pricing.
In fact, since 2021 the average retail gas price hasn’t fallen below $2.40 a gallon, and hasn’t fallen below $3.00 a gallon since 2022. It’s also on the rise again:
Heritage Foundation economist E. J. Antoni, PhD took to X and revealed more bad news about the impact that Bidenomics has had on hardworking families:
Finally, if you feel like your car insurance company is performing some sort of “highway robbery” on your bank account since October 2022, then you would be right:
To put this in perspective, average comprehensive car insurance premiums jumped from $2,000 per year to more than $2,400 per year in March 2024 alone. That’s like adding two full month’s worth of premium payments.
And don’t forget, inflation’s impact is cumulative, not static like most people think. That lost purchasing power doesn’t come back.
Once prices go up like this, they just don’t come back down.
We can’t get back what we’ve already lost – but we can take steps right now to prevent it from getting even worse…
Insulating your savings from the rising cost of living
Here’s the good news: Physical precious metals like gold and silver have historically provided a hedge against inflation. (There are also several other inflation-resistant investments to consider alongside metals).
In fact, the price of gold has soared more than 25% since October of last year (as of April 17th, 2024). Take a look at the current interactive prices on most physical precious metals including gold right here.
There’s a reason gold has been hitting all-time high prices recently. More and more American families are desperate to preserve their purchasing power from inflation.
With global instability increasing and election uncertainties on the horizon, protecting your retirement savings is more important than ever. And this is why you should consider diversifying into a physical gold IRA. Because they offer an easy and tax-deferred way to safeguard your savings using tangible assets. To learn more, click here to get your FREE info kit on Gold IRAs from Birch Gold Group.
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Inflation’s not really a problem if you don’t pay your
UK insurers refuse to pay Nord Stream because blasts were ‘government’ backed – The Grayzone
When you retire, there will be no money in Social Security to pay you back for 45 years of paying in, but the Congress has billions and billions to pay the pensions of Nazi’s in Ukraine… The US Government is your enemy.
Billions? The government had $5 trillion in covid relief (Democrats) for an economic depression the government (Democrats) caused. The Covid relief was a series of bills, everyone of them written by, co-sponsored by, and introduced by a Democrat. It was a vote buying scheme the GOP almost had to go along with or the Democrats would have been screaming Republicans don’t care about Americans. That also means it was veto proof.
But the Democrats want to cut Social Security, which will run in the negative for a while, but then become solvent again if left alone. The Democrats hate you if you are older, because most people tend to become more conservative as they get older.
I am glad to hear it’s only 9%
I thought if something that cost $1 is now $1.43, that meant 43%…
Maff is hard !
annuit coeptis novus ordo seclorum
Ah but it inflation goes down all on it’s own as it goes up!
$1 dollar item now costs $2 dollars, 100% inflation
$2 dollar same item goes to $3 dollars only 50% inflation
$3 dollar same item goes to $4 dollars, only 33% inflation
$4 dollar same item goes to $5 dollars, only 20% inflation
The government says “Look inflation is comming down!”
Figures don’t lie, but liars figure!
A stock I bought went up 100%, then dropped 50%…so I’m 50% ahead, right?
It all depends on how you frame the proposition, and that can be easily done by selecting the starting point in time for the selected statistics you want to tell your version of the story.
For example, compare the $3 item to the time at which it sold for $1-that yields a 300% inflation number.
The keepers of government statistics are as crooked as they come.
Figures don’t lie, but liars figure!
Went to Aldi today. Green beans that were 40 cent/can for the last year were 65 cents/can. Maff is hard but I think that is inflation.
Maff is only hard if you were taught common core math!
Barbie used to say, “Maff Class is hard!” Then the PC Police said STFU to that.
Some stores are now carrying canned vegetables in 8 ounce cans. Take a guess at how many shoppers will think that is a great deal?
Insurance is rising to cover the cost of died suddenly life insurance payouts. Lots of them.
plus Elon’s battery fires and illegals getting in car wrecks.
The reason is because Jews hate us.
Oil is up 3% in the last hour and gold will most likely see a big jump tomorrow. Israel is bombing Iran.
Y’all don’t need to waste any time analyzing any fancy charts, quotes or predictions to figure out what to blame.
All that needs to be said is that the script is rolling out as intended and absolutely nothing is happening that’s not on purpose including the coordinated world stage scripts/scapegoat events…. or alleged events.
For the rest of our lives we need to keep in mind that there’s no story, video, human or reality that can’t be fabricated any more.
Many people here are aware of that.
In general it is leading people to Christ. He is calling in His sheep, even now. Not that we know He is returning soon(er), but that this has been the pattern and scripture says it is to bring people to repentance.
The rate at which the lies overtake the truth is directly proportional to the rate at which parasites outnumber honest, hard workers in our society. This all started over 40 years ago with government interventions like NAFTA, coddlization of teachers unions, and the demonization of the American worker.
LEGITIMIZED BANKING WILL SOLVE THIS PROBLEM…FRACTIONAL RESERVE CREATED “FRAUDULENT” BANKING…REMEMBER???
No I’m not that old.
CAN YOU “READ”…ALL EVENTS THAT EVER HAPPENED ARE “RECORDED”…OF COURSE “HIS-STORY” (IS NOT TRUTHFUL)
TRY: http://www.supremedesignonline.com/
IT WILL FILL-IN, THE TRUTH…ABOUT THE “REAL-STORY” OF HUMANITY!
The remedy of course depends on Mo Money. /s
https://www.bostonfed.org/publications/current-policy-perspectives/2023/what-is-driving-inflation-besides-the-usual-culprits.aspx
Let’s stop dancing around the core issue of money, or what is used in place of money in our current system. This entire clap trap screed can be summed up in two words: Jewish bankers and their damnable and inevitably doomed to fail debt/usury monetary scheme. Why write an entire article on the subject, but then conveniently omit the central cause of our fraudulent and failing monetary system?
Keep in mind, that between the early 1800s to nearly the end of the 19th century, there was virtually no inflation -why?
Too risky to point out the actual criminals in charge of monetary destruction? Methinks so.
CATCHING-ON…ARE YOU???
Caps lock still broken?
It is communist.
They have to remove all the happy normal people from their homes.
So that they can give the homes to the more obedient replacements.
The migrants who will have subsidized housing, that was formerly housing White Christian people can no longer afford.
Then the grateful more loyaly to coorpt government will willingly go along with the persecution and elimination of the Christian Whites when they rise up.
Just like the Jan sixers who did no wrong, are all in prison, so will be any whites who protest in any way.
The migrants will take all the police and soldier jobs, and want to permanently get rid of the ones, who gave up everything the migrants now have.
It’s a win win for the communist NWO.
It will happen in every western nation.
It has already begun.
Any real insurrection will be done in total secrecy.
The NWO, in business since the communist revolution in Russia,
Have sown the seeds of their own permanent destruction.
Have no fear, great miracles are about to happen.
The tables will turn, it’s bad karma time for the NWO.
They will be evicted from this world very soon and forever.
A better world is coming, Jesus I returning.
1000 years of peace and happiness and plenty, will await all who weather this storm.
Remember the old buzzard’s “Day 1” promise to shut down the Keystone Pipeline? As Trump said this week: “everything Biden does turns to shit”. No truer words ever said.
Gold is money. Silver is too though lesser. Copper is used in very low value tokens… but more than one cent is worth any more. Fiat is scrip. It is company store notes, it has no value as it cannot be redeemed at a depository institution for gold or silver… or copper. The scrip we use here in the US doesn’t even burn well, it is literally useless in the absence of… confidence. Turns out, all fiat is a confidence game.