Inflation Report Cuts Through All Is Well Propaganda

The world suffers from an overabundance of Pollyannas. Their eventual return to reality, likely a forced one, is going to be rancorous.

While many eagerly buy the propaganda being crammed down their gullets by the unholy alliance of lamestream media outlets, social media, and political/intelligence operatives, sometimes the truth cannot be suppressed.

A case in point is today’s inflation report. It showed an increase in prices of 8.3 percent vs. last year at this time. There was even a small rise month over month, which might (emphasize might) spare us the repeat of Clueless Joe Biden rushing to the microphones again to proclaim no inflation.

Even the core inflation measure, favored by elites because it strips out “volatile” food and energy sectors – you know, the stuff no-one buys or needs! – was up 6.3 percent vs. last year and up .6 percent month over month.

Stock averages plummeted, with the Dow down nearly 900 points as I type this at 11:27 a.m. Tuesday.

There is a phenomenon of inflation that the longer it persists, the tougher it is to get it back under control. That is because wages rise as workers feel poorer and demand to be kept whole, so to speak.

The raises come easily for government employees, being as they are not bound by economic reality but rather by the taxing power of their employers.

When private sector employees get raises, prices almost always increase, making all feel yet more poor and keeping the cycle going.

Already there are those calculating a Social Security cost of living increase (COLA) for next year of 8.7 percent or more.

There are a lot of people on Social Security, with an endangered trust fund to support them. Increasing the payouts by nearly 9 percent only hastens the time when serious action will need to be taken to shore up that program financially, either by reducing benefits, increasing wage taxes, infusing money from more government borrowing, or maybe a combination of all three.

The world in general, both public and private, is awash in debt with declining economies meaning that debt gets tougher and tougher to repay.

Pollyannas are optimistic that Ukraine is routing Russia. Stay tuned for a better read on that.

China continues to make threatening gestures toward Taiwan and the smart money is on the ChiComs to make a move to reclaim that island nation within the next year or two.

At home we have a porous southern border, despite the witless assertion by Clueless Joe’s token veep that all is well on that front.

This affects you as illegal drugs and crime, magnified by that loose border, flood into cities and towns near you.

Back to the global picture, we see Iran on the verge of becoming a nuclear problem. We see Europe one cold snap away from having to break up the furniture to burn for warmth.

We see Great Britain’s new prime minister talking openly of using atomic weapons.

Domestically, intelligence and justice assets continue to be used like Biden’s personal Gestapo to punish political enemies. Voters are being bought off with loan forgiveness and misguided stimulus handouts, the very things that helped get us into this inflation maelstrom.

Efforts continue to demonize half of the nation’s population for the high crime of refusing to kiss the hem of Clueless Joe’s robe.

Things are almost certain to get very real for the Pollyannas in the near future, and it’s doubtful they are up to the challenge, either physically or emotionally.