Click here to view original web page at theconservativetreehouse.com
Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy. Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.
Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year. From the perspective that 20 to 50% price increases on critical goods (housing, food, fuel, energy) are unsustainable in repeated cycles, she is correct; the rate of inflation will lower. However, that’s only because the baseline prices will have increased so high the rate of increase measure falls. WATCH: A $4 item that gains a $2 increase holds a 50% rate of inflation. The next year that $6 item again has a $2 increase, but the rate of inflation drops to 33%. The price increase is the same, but the rate of inflation drops. That’s what is going to happen in the second half of this year. FUBAR
The White House is doing this on purpose in order to chase their ideological dreams of sustainable energy and climate change. Energy prices underline the entire economy, because oil and gas prices touch everything. Insofar as they continue the war against coal, oil and gasoline, there’s nothing monetary policy can do to combat inflation. The Fed must however, pretend not to know things.
Click here to view original web page at theconservativetreehouse.com
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker