The One Chart to End All the Clownspeak of "Transitory" Inflation Not Hurting the Common Folk
Once again, the oligarchs are spreading inflation lies to the serfs to keep the serfs from revolting as they deliberately drive food prices and the cost of daily living sky high
Yes, here is the one chart that will end of the lies of people like Paul Krugman, Janet Yellen, Mario Draghi, Jerome Powell and the usual suspects of misanthropes that revel in shadenfreude when the poor get mercilessly squeezed and get pushed into the brink of starvation as the inflation they create makes the expenses of daily living too unbearabale for the poorest of the poor in the world.
Though the above chart speaks for itself in exposing the relentless lies of the banking/government/military industrial machine in the “official” 2.0% and less annual inflation rates they reported to us for decades, further analysis and commentary will be posted on my news site about the above chart at https://maalamalama.com/wordpress later today.
Eh? The "official" annual inflation rate (https://fred.stlouisfed.org/series/FPCPITOTLZGUSA) has repeatedly been above 2% over the last few decades, including as recently as 2017 and 2018. They're evidently doing a poor job of hiding above-2% inflation with lies.
And changes in oil price account for most variation in "official" consumer price inflation (https://splained.substack.com/p/inflation-is-mostly-oil-prices-us). You name people you blame for "the inflation they create" but don't even come close to naming Mohammed bin Salman, who may be the person on the planet with the most control over US consumer prices (through the channel of Saudi oil production).