Topic: Cpi

Donald Trump's shifting rhetoric on Iran and the potential use of nuclear weapons is analyzed alongside rising inflation data. The CPI report shows an inflation surge attributed to Middle East instability, which critics argue benefits globalist entities like BlackRock and the Rothschilds. Concerns are raised that the administration is being goaded into a "period victory" that could bankrupt the United States.

The potential for a wider war in the Middle East poses a threat to the US economic recovery by potentially doubling oil prices and fueling inflation. Mitchell suggests that Republicans should focus on popular domestic issues like E-Verify and mass deportations rather than foreign entanglements. He warns that "unforced errors" in foreign policy could give political ammunition to the Democratic Party.

Economist Dr. Kirk Elliott reported that Brent crude oil prices rose nearly 3% following news of intensified Israeli attacks on Iranian targets. Elliott argues that even the perception of conflict in the Strait of Hormuz creates inflationary pressure that affects the cost of all consumer goods. He suggests that the global elite are attempting to hand Trump a "no-win situation" by forcing an economic debt meltdown through energy price spikes.

Economist Peter Schiff joins the program to discuss the record highs in gold and the impending explosion in silver prices. Schiff argues that the official CPI numbers are fraudulent and that real inflation is likely double the reported rate, significantly impacting the cost of living. He notes that Americans are increasingly forced to work multiple jobs as their paychecks are eviscerated by debt monetization.

Dr. Kirk Elliott reports that silver has outperformed major stocks over the last three and a half years, rising from roughly $12 to $28 per ounce. He argues that official inflation numbers (CPI) are manipulated and that real inflation is closer to 15-18%. The segment highlights the hidden fees in mutual funds and the importance of owning assets that outpace the true rate of currency devaluation.

Federal Reserve Chairman Jerome Powell faces a "mission impossible" regarding interest rate cuts as core inflation remains higher than expected. Raising rates to combat inflation risks a massive recession, while lowering them could amplify the inflationary monster. Dr. Kirk Elliott notes that the Fed has repeatedly paused rate changes because they have failed to tame the persistent rise in prices.

The official Consumer Price Index (CPI) is criticized for systematically understating inflation since the 1996 Boskin Commission. Through "substitution bias," the government replaces high-priced items like steak with lower-priced items like hamburger in the inflation basket. If 1980s-era metrics were applied today, real inflation would be estimated at approximately 15%.

Current inflation is estimated to be around 15% when using the metrics from the 1980s before the Boskin Commission introduced "substitution bias" to the Consumer Price Index (CPI). During the Reagan era, interest rates were raised to 18% to combat 14% inflation, whereas today's rates remain lower than the actual inflation rate. This artificial understatement of inflation allows the government to reduce cost-of-living adjustments for the public.

In 1996, the Boskin Commission under President Bill Clinton changed how inflation is measured to understate government payments. Dr. Kirk Elliott argues that if 1980s metrics were used today, the real inflation rate would be between 15% and 20% rather than the official 3.1%. This "artificial system" is leading to an "inflationary recession" or stagflation, where prices rise while wages and economic growth stagnate.

Gerald Celente argues that the Consumer Price Index (CPI) is a rigged number and points to "Shadow Stats" for the real inflation rate, which he claims is double the official figure. He dismisses the 2024 presidential election as a "reality show" funded by billionaires like George Soros and the Koch brothers. To support the peace movement, Celente promotes a new "Peace Token" NFT created by artist Anthony Frieda, with proceeds going toward anti-war efforts.

Gerald Celente promotes "Super Male Vitality" as a way to maintain spirit in a declining culture. He references John Williams' "Shadow Stats" to argue that the government rigs inflation numbers by excluding housing and food costs. Celente concludes that interest rate hikes will do nothing to stop inflation, as the system is designed to keep pumping "cheap money" into the markets.

Robert Barnes interviews economic analyst George Gammon about the current inflationary environment. Gammon argues that inflation is a direct result of central planners increasing demand through stimulus while crushing supply through lockdowns. He notes that the yield curve is inverted, signaling a high probability of a deep and prolonged recession.

Economic data shows the Producer Price Index (PPI) has risen 11%, outpacing the Consumer Price Index (CPI) and debunking claims of "corporate greed." Geopolitically, world powers like Russia, China, India, and Saudi Arabia are reportedly forming new alliances to distance themselves from a declining United States. The segment suggests the West is being led into a "Great Reset" while the rest of the world seeks independence from globalist control.

Gerald Celente analyzes Federal Reserve statements regarding interest rate hikes and inflation, calling the officials "banksters" and "liars." He explains how the CPI is rigged to exclude housing prices, which have risen over 20% in a year. The segment highlights Blackstone Group's $6 billion deal to buy and rent single-family homes, arguing that the economy is being transformed into a "Slavelandia" of renters.