The following report is from the Trends Journal:
Stimulus Is Fueling Inflation
For several weeks we have been noting that while the Feds and Wall Street keep blabbing that supply chain disruptions are fueling inflation, they have been ignoring the #1 inflation spiker: government and central banks flooding the economy with cheap money.
Now they are starting to admit the truth in trends.
President Joe Biden’s $1.9-trillion COVID relief plan passed by Congress earlier this year temporarily stoked inflation, according to a study released 18 October by the Federal Reserve Bank of San Francisco.
This year, the stimulus has added 0.3 percent points to the core consumer price index, which leaves out food and energy prices, Fed economists calculated.
Even though the stimulus money has largely been spent, it will add “a bit more” than 0.2 percentage points to next year’s core price index, they predicted.
During Donald Trump’s presidency, two bipartisan stimulus bills poured more than $3 trillion into the U.S. economy, including direct payments to individuals, grants and loans to businesses, and $300 a week in federal unemployment benefits.
Democrats added the $1.9-trillion “American Rescue Plan” after they took control of Congress early this year.
Economists were arguing about whether the late-stage plan, as well as its size, tossed gasoline on the inflation blaze.
To settle the issue, Fed economists looked at the ratio between job openings and unemployment.
Inflation tends to rise when there are fewer workers than available jobs. In that case, employers raise wages to attract workers, who spend the extra money, creating new demand that pushes up prices.
Government stimulus creates new demand, which can create jobs; but it also cushions jobless workers and employers by giving them extra money for no extra productivity, The New York Times pointed out.
The American Rescue Plan pushed the ratio near its 1968 high, but the Fed researchers assumed the labor market will loosen in coming months and that consumers will not be quick to demand higher wages because history has led them to believe that inflation will be temporary, the NYT reported.
TRENDPOST: While for over a year we have been forecasting that inflation would spike, as we kept reporting, the Fed Banksters kept either lying by saying it would be only temporary because they wanted equities and the economy to keep moving higher… or they were too stupid to see the inflation trends. As we noted in “Stimulus Poses No Inflation Danger, Powell Says” (30 Mar 2021), Jerome Powell, chair of the U.S. Federal Reserve, said in testimony before Congress that any inflationary effects of Biden’s $1.9-trillion American Rescue Plan would be small and short-lived.
Now a study from his own Fed says the stimulus plans will still be pushing inflation more than a year after the plan was enacted.
The Game Continues – by Gregory Mannarino
Price action distortions across the entire spectrum of asset classes continues to worsen at an epic pace, inflationary pressure continues to build rapidly, and the US economy as a percentage of GDP continues to shrink at its fastest rate on record.
As these things evolve, today at its core stands the most corrupt, twisted, and wicked organization on the planet which continues to buy EPIC sums of assets with no end in sight— I am referring to The Federal Reserve.
Do you believe any of this is by accident? Or just coincidence?
Below is a quote from former Federal Reserve Chairman Alan Greenspan.
There Is No Government Agency That Can Overrule Any Decision We Make.
Change is not just coming, but it is already here.
For YEARS I have spoken publicly that a paradigm shift, and a new set of rules was quickly approaching. I have explained that this “change” would include a culling of an entire class of people here in the United States, the Middle Class, and an emergence of a new feudal system would take hold— it is here now.
The driving force behind all of this stands THE most powerful organization(s) on the planet, which is collectively the central banks of the world—and ALL of this is by design.
From their inception it has been the “Endgame” of central banks to one day OWN IT ALL, to become the lender and buyer of last resort—and therefore be the collective ruling body of the world.
Those who follow my work have already been forewarned by me and others like Gerald Celente himself, to expect things to happen—things almost too far-fetched to believe! Which would occur allowing central banks to fulfill their one world government agenda.
An Agenda of control and a usurping of the rights of free citizens.
A One World Government
The web of interconnected central banks is world-wide. Today every single “modern economy” in all developed nations on Earth exists under the rule of a central bank, and each of these central banks is run by private and clandestine institutions.
The system of interconnected central banks ruling developed nations has stripped We The People of any form of free governmental system, WE HAVE NO REPRESENTATION, WE HAVE NO VOICE.
The Game is playing out exactly as planned.
First Know This, Nothing Is By Accident
Everything we are seeing today, which includes a global economy in freefall, massive inflation, the elimination of the middle class, skyrocketing energy prices, and a stock market which yet again last Thursday and Friday closed at new record highs is ALL BY DESIGN.
I foretold years ago that all of this would come to pass, and it is not over yet.
The vast majority of people have been dumbed down and programmed by what I call “The Propaganda Ministry,” which is more commonly known as the mainstream media. The sole job of the MSM is to keep people distracted, off balance, confused, and propagandized.
Our job here at the Trends Journal is to give you the facts hard and fast, to raise your awareness! And allow you to make up your own minds. People ALWAYS know the truth when they see or hear it.
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
I have said this very same thing many times from the get-go when The WinePress has started. The media and politicians – both right and left, and any in-betweens – do not want you to pay attention to the central bank’s endless money printing: the trillions of dollars that are created out of thin-air. They want you to focus on everything else under the sun. Under Trump, for example, he and his administration habitually pointed to an exploding stock market as the measure for success of his policies, but never told you about the money printing, low interest rates, and corporate buy-backs that occurred because of his tax-cuts that allowed the wealthiest to get off scot-free.
As I have explained before, you cannot have a “booming” economy (or a functional one at best), when money velocity – the rate at which cash moves through an economy – is at all-time record lows, with the money supply continually inflating to sky-highs; hundreds of thousands of jobless claims each, that overshadow so-called “job creation” each month; massive trade deficits because this country produces nothing and is service-based; etc. And then have these same central banks and private equity firms going into the markets and buying that up, and physical assets for pennies on the dollar because they have bottomless cash to do so.
The Quickest Way To Know The Economy Is Broken Beyond Repair
Why Is The Housing Market On Fire? What The Media Never Wants To Talk About
Furthermore, I must remind readers that the CARES Act Trump signed was way more than $2.2 trillion: that was the base of it, but then could expand all the way to $6.2 trillion – which it did. On top of that, if you have not seen it, go back and watch him sign it, as him and all these corrupt scum all laugh and smile as they royally screwed over the American people once again.
And understand, that, the Vatican (Mystery Babylon) are the real handlers of the central banks and economic control. They just do it very quietly, but pay attention to how many Roman Catholics are intrenched with the banks, asset managers, political seats, and so on.
Did Rome Interfere With U.S. Elections?
[23] And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived. [24] And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.Revelation 18:23-24
Definitely making it difficult for the people these devils. Producing currency with no real value, buying up all the lands that have the real value, taking away all the manufacturing industry to China and other slave-labour countries for more profit for them and peddling products made without heart, hence low quality.
Even the basic ways we can sustain ourselves like fishing, farming and hunting, they make you jump through hoops to be able to do it. At least it is still doable, with much effort.
And most services provided by “jobs” in our countries are intangible and worthless. Like the media, a leader in producing cow dung.
2 Corinthians 5:1-3
1 For we know that if our earthly house of this tabernacle were dissolved, we have a building of God, an house not made with hands, eternal in the heavens. 2 For in this we groan, earnestly desiring to be clothed upon with our house which is from heaven: 3 if so be that being clothed we shall not be found naked.
America sold it’s soul years ago! Only a few will be Caught Up…
Trust God for all things. Amen.