[ Music] hello everyone therefore welcomed kudlow i’m larry kudlow inflation today bad news much stronger than expected rising six tenths of a percent in january seven and a half percent over the last 12 months over the past three months by the way the cpi has now affected eight percent at an annual frequency so price increases and toll pressures are getting worse not better grocery expenditures up 9.4 last three months at an annual proportion roughly seven and a half percent for its first year and get this energy rates up 21 overall vitality up 18 robe up 12 gasoline up 22 if you’re a hard-working middle-class blue-collar family the inflation tax is hitting you hard this is for production and non-supervisory employees not the big deal managers production and non-supervisory craftsmen payments have increased 6.9 percentage over the last year that’s wages 6.9 but expenditures up seven and a half percent so the harder you work the less you’re do home and this is a very serious problem why inflation is the number one problem in the country and regrettably there’s no end in sight now we’ve saved america by killing the spending bill but i approximate the new duty now is to save america and kill inflation right now there is no action on the horizon that will kill inflation the villain at this point is really the federal reserve we’re in the midst of a price and payment coiling mean prices are going up so fast that the workforce must demand higher wages it’s not the workers fault it’s the government’s flaw there’s far too much federal expend which remain in the pipeline but it was enabled and accommodated by vastly too much federal reserve money creation as this first map chose shows the fed’s balance sheet and that’s the raw material for coin quantity raise that’s increased by five trillion dollars in the last two years five trillion it is unprecedented in short the central bank has been buying all those attachments from uncle sam’s big deficit spending now as the next chart shows using a three-year smoothing average to spawn some smell of it the average annual proportion for the money supply has moved from five percentage growing to 14 growing in a mere two years we have not discovered anything like this since the 1970 s and frankly i’m not sure it got any higher in the 70 s in addition with all this excess coin start by the central bank check this out an indicator of commodity costs has increased by 70 percent as shown by the next chart look at that we’ve never seen anything like this all right government spending fed ligament buys fund supply increases stock expenditure explosion we’re not talking about merely a few cases expenditures we’re talking about almost all tolls that are going up that is a monetary phenomenon it’s not about receptacles in los angeles and long beach one-time things it’s not even about truck driver or the pandemic it’s all rates rising not just a couple of expenditures which can only be traced to monetary excess and that’s what’s taxing the middle class and that’s what’s taxing the lower incomes even more save america kill inflation now the president continues his misguided confidence in his asset secretary’s admonition she madame yellen retains telling him inflation is going to fall to two percent by year’s end no it won’t not a chance monetary policy changes work with long and variable legs it will take two or three years to remove the punch bowl today’s inflation was broiled into the cake in 2020 and 2021 and that continues here in 2022. You determine what i mean any alterations we might make it this year or next year won’t be feel until 2024 2025 and the sad component is the fed continues to buy ligaments we’re buying the government deficit still doing it that’s fueling more money increment and that’s actually fueling more inflation then there attaining the problem worse and by the way it’s interesting side point this commodity toll blowup indicates just how much your money’s significance has declined merchandises are a very good benchmark for dollar cost you know what’s in your billfolds and pocketbooks commodities exploding up necessitates the dollars in your pocket are going down now a elderly administration official today pointed to the fed’s independence now that’s a good envisaged the hypothesi is leave the fed alone and they will take care of business but why is the white house appointing these far left woke radicals like sarah bloom raskin and lisa cook they’re not worried about inflation they’re worried about climate change and a bunch of left-wing social policies they’re not worried about him inflation this is a big problem they’re appointing the wrong people 40 years ago ronald reagan is cooperating with paul voker to conquer inflation okay reagan chipped taxes volcker curbed the money supply the tax chips rejuvenated the economy curbing the money supply improved the value of the dollar and lowered inflation better than good regrettably today i don’t see a reagan and i don’t see a voker do you save america kill inflation tough story
Free Discount Prescription Drug Coupons
