Topic: Producer Price Index

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.

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.

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.

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.