Americans are becoming more worried about inflation than ever following the Federal Reserve and the federal government’s unprecedented response to the virus pandemic downturn by plowing trillions of dollars into the economy. As a result, prices of financial assets and items in the real economy have soared over the last year which a new survey reveals three-quarters of consumers are concerned about inflation.
With the Federal Reserve turning a blind eye to rapid price increases, consumers are finding it unavoidable to avoid higher prices at the gas pump or supermarket. A CivicScience survey of more than 2,600 respondents found that 77% were somewhat concerned about inflation.
Much of the inflation concerns were based on younger respondents. About 52% of respondents aged 18-24 were “very concerned” about inflation, 50% of the 25-34 aged respondents were “very concerned,” and 48% of 35-54. Surprisingly, baby boomers aged +55 were only at 37%.
Meanwhile, Cleveland Fed President Charles Evans said some increase in inflation would be welcome. “Too low inflation is no good,” he added.
But for the millions of working-poor Americans still collecting pandemic insurance checks, soaring prices have been much of a nuisance.
“Naturally, people who have had their hours or pay reduced as a result of the pandemic are the most sensitive to the idea of inflation and what it means for the general cost of living. If it’s difficult to make ends meet now, imagine how difficult it could be once inflation sinks in,” said CivicScience.
On a political basis, conservatives were overwhelmingly more concerned about inflation than any other political group.
The general public appears to be catching up to the Fed’s game as monetary and fiscal stimulus results in the higher cost of living.
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By one gauge, as we noted earlier this month, inflation fears are the highest this century. The spread between US five- and 10-year inflation breakevens is now the highest since the early 2000s.
Consumers’ outlook for inflation over the longer term climbed to an almost six-year high.
Americans are panic searching “inflation.”
The Fed and government’s big experiment with massive stimulus is possibly overheating the economy and may continue to push inflation higher. The Fed continues to beat its drums that it has inflation under control and that today’s episode of surging prices isn’t the 1970s.
The worst thing that could happen now is a repeat of stagflation in the 1970s.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
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We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
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