According to official figures released on August 17, 2022, British consumer price inflation soared to 10.1% in July. This is the highest consumer price inflation figure since February 1982.
Per Press TV , this was a marked increase from June’s number, which stood at 9.4%. This increase in inflation topped economists’ projections in a Reuters poll for inflation, where they expected inflation to rise to 9.8% in July. Earlier in August, the Bank of England raised its principal interest rate from 0.5% to 1.75%.
Economic forecasts for inflation are projected to be at 13.3% in October. As Press TV pointed out, this is “when regulated household energy prices are next due to rise.”
“Every upward inflation surprise tightens the bind the BoE finds itself in, with mounting inflation pressure combined with growing recessionary headwinds,” declared Luke Bartholomew, senior economist at abrdn.
Like most economists, Bartholomew believes that the Bank of England will raise interest rates to 2.25% during its next meeting in September.
August 17 figures from the Office for National Statistics indicated that prices increased 0.6% in July from June on a non-seasonally adjusted basis.
The annual rate of retail price inflation reached 12.3%, the highest figure since March 1981.
Since Russia launched its special military operation into Ukraine on February 24, 2022, the Collective West has launched a number of self-destructive economic sanctions against Russia. The combination of these sanctions coupled with Wuhan virus lockdowns that threw supply chain systems out of whack and easy money policies have created the conditions for mass inflation. This is a widespread trend across the West. After all, the ruling classes of these countries hold uniformly pro-technocratic beliefs on economic affairs that consist of big spending and loose monetary policies.Ultimately, inflation is a question of domestic policy that most Western leaders are not willing to confront in a […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!