Topic: Inflation Indexing

The segment highlights the discrepancy between official CPI data and real-world price increases for food and gas. Elliott notes that the US has dropped out of the top 10 most competitive global economies for the first time. He also touches on the declining US fertility rate as a long-term threat to the economy's ability to fund entitlements.

Economic data indicates significant price increases since January 2021, contradicting President Joe Biden's claims regarding inflation. Reports show gasoline prices are up 52%, car insurance has risen 52%, and daycare costs have increased by 9.3%. The segment highlights Biden's history of public falsehoods, including his academic record and the origins of current economic instability.

President Biden is criticized for claiming inflation was 9% when he took office, with the counter-claim that it was actually 1.4% at the end of the Trump administration. The rising cost of staples like eggs is cited as evidence that official inflation numbers are fraudulent. The government is expected to use "bail-ins" to force depositors to save failing banks rather than providing federal "bail-outs."

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%.

Gerald Celente discusses the rise in violent retail theft, citing Target CEO Brian Cornell's report of a 120% increase in incidents. He attributes the current economic instability and social unrest to the "COVID war" and warns that negative manufacturing indices in Europe and China signal a major global contraction.

Adam Curry explains that 40% of all U.S. dollars ever created were brought into existence within the last two years, leading to inevitable price discovery and inflation. He posits that the COVID-19 lockdowns were a strategic move to stop the "bleeding" of the economy and prevent immediate hyperinflation. The discussion centers on how the government uses the Consumer Price Index to mask the true extent of currency devaluation.

Joe Biden downplayed the 8.3% inflation rate during his 60 Minutes interview, describing the month-to-month increase as "just an inch." His performance is scrutinized for signs of cognitive decline and slurred speech. The host argues that Biden's ability to lie about historic inflation stems from his confidence that the mainstream media will provide cover for his administration.

The Biden administration is accused of attempting to rewrite the definition of a recession to avoid negative headlines before the midterms. Shroyer asserts that two consecutive quarters of shrinking GDP has always been the standard definition of a recession. He argues that current economic failures are a result of Democrat policies designed to shrink American prosperity under the guise of fighting climate change.

Tim, a small business owner in Michigan, reports a 56% increase in material costs for his painting company over the last two years. He notes that while his gross sales have increased, his net profit has dwindled to nearly zero due to rising labor, gas, and product costs. The host explains that the "Producer Price Index" is rising faster than the "Consumer Price Index," meaning businesses are currently absorbing the hit before passing it on to customers.

Bruce in California describes a $25,000 tax bill resulting from his wife's disability payments after she returned to work. Tyler Bennett explains that the $25,000 income threshold for taxing Social Security and disability benefits has not been indexed for inflation since the 1990s. He offers to help Bruce negotiate the penalties and interest attached to the bill.

The Producer Price Index has hit a record 10% inflation, though Root argues the real rate is closer to 20%. Border encounters in February surged 63% over the previous year. The Department of Homeland Security is reportedly scanning employee social media for "extremism," which includes questioning the 2020 election. Root also notes that Barack Obama has tested positive for COVID-19 despite being vaccinated.

John Bowne reports on the Biden administration's alleged responsibility for the war in Ukraine, rising gas prices, and food shortages. The discussion defines inflation as an expansion of the money supply by the Federal Reserve through quantitative easing rather than corporate greed or COVID-19. Analysis suggests that using 1982 CPI metrics would place current inflation at over 15%.

The Bureau of Labor Statistics reported a 6.2% year-over-year increase in the Consumer Price Index for October, marking the highest rate since 1990. Simultaneously, the Producer Price Index for commodities surged 22.2%, reaching a 48-year high, while home prices approached a 42-year peak. These economic pressures have resulted in negative real weekly earnings for Americans struggling to afford basic necessities.

Owen Shroyer criticizes President Biden for asking OPEC and Saudi Arabia to increase oil production after "kneecapping" American energy independence. He links rising gas prices and record inflation to a deliberate act of war against the U.S. economy. Shroyer claims Biden is being blackmailed by foreign powers, leading to policies that devalue the dollar while increasing the cost of living for average Americans.

The discussion continues on the NIH's role in funding the EcoHealth Alliance and Peter Daszak's involvement in the Wuhan lab. Simultaneously, Jones reports on the US Producer Price Index surging by 6.2% in April, the largest increase in history. He reiterates the need for storable food as a hedge against the "planned implosion" of the economy.

Joe Biden is criticized for pushing trillions in stimulus spending which allegedly creates a labor shortage by paying Americans to stay home. Economic data shows April payrolls missed expectations significantly while food prices, tracked by the Bloomberg Agri Index, are soaring. Costco is reportedly using shrinkflation to mask a 14% rise in food costs as the Federal Reserve maintains that inflation is temporary.