Author Topic: New inflation rate 7.9%  (Read 1772 times)

OneMoreRep

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New inflation rate 7.9%
« on: March 10, 2022, 06:22:06 AM »
February inflation numbers are in and the Consumer Price Index (CPI) rose to 7.9%. Back in January it was at 7.5%. This is the highest inflation has been in over 40 years.

For those not well versed on matters of inflation, the CPI measures the change in prices paid by consumers for goods and services, particularly highlighting the spending patterns of all urban consumers and urban wage earners and clerical workers (This is the official government definition). The "all urban" consumer group represents about 93 percent of the total U.S. population. It is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers.

Highlights from the US Department of Labor report regarding February 2022 CPI include:

The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase; other energy component indexes were mixed.

The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020.

So for those of you mentioning the alarming rise in cost of gasoline + food items in the supermarket, this is what the CPI is reflective of. It captures the average change in the prices of goods and services.

Keep in mind as an employee that just as the price of goods rise, so should the COST OF YOUR SERVICES. What you earn in terms of wages and salary should be rising as well, as what you get in the form of pay is merely the cost of your services and your wage/salary doesn't increase it isn't being reflective of inflationary cost of living. If your employers are failing to give you a raise, it means they are trying to save money. They raise the price the public pays for their goods/services in order to account for what their overhead increasing costs are. With that same increase to the price of their goods/services, they should also be increasing the compensation for your services as employees. Keep an eye out for this, as many people are not realizing the fuckery on hand.

Source: https://www.bls.gov/news.release/pdf/cpi.pdf

"1"

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #1 on: March 10, 2022, 06:24:52 AM »
Biden FAIL is blaming Russia   .  . .

FU liberal pos ! 

 >:( :( >:( :(

Gym-Rat

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Re: New inflation rate 7.9%
« Reply #2 on: March 10, 2022, 06:30:43 AM »
trump - record breaking economy, energy independent and super-power
biden - record breaking inflation, killed us energy, shit-pants

 ::) ::) ::) ::)

pant-shitter and team needs to go down in epic plane crash

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #3 on: March 10, 2022, 06:45:39 AM »
Biden FAIL is blaming Russia   .  . .

FU liberal pos ! 

 >:( :( >:( :(

Let me be clear, the rising price of oil/gas has VERY LITTLE to do with Russia and PRIMARILY is being affected by the alarming rates of inflation and supply chain disturbances.

Russia, as of just a few days back, was a supplier of oil to the USA. The major suppliers of oil to the USA were mostly Canada and Mexico, with Russia supplying a small but formidable amount. This recent alarming rise to gas prices is a direct result of inflation that has been creeping up over the last 2 years. It's the hidden tax that people don't like to talk about.

"1"

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #4 on: March 10, 2022, 06:47:32 AM »
Let me be clear, the rising price of oil/gas has VERY LITTLE to do with Russia and PRIMARILY is being affected by the alarming rates of inflation and supply chain disturbances.

Russia, as of just a few days back, was a supplier of oil to the USA. The major suppliers of oil to the USA were mostly Canada and Mexico, with Russia supplying a small but formidable amount. This recent alarming rise to gas prices is a direct result of inflation that has been creeping up over the last 2 years. It's the hidden tax that people don't like to talk about.

"1"

This has been an issue since early last year.  Remember when Biden said it was "transitory"    LOL!   

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #5 on: March 10, 2022, 06:56:58 AM »
Inflation rose 7.9% in February, more than expected as price pressures intensified
CNBC ^ | March 10, 2022 | Jeff Cox
Posted on 3/10/2022, 8:45:41


Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched.

The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge.

The February acceleration was the fastest pace since January1982, back when the U.S. economy confronted the twin threat of higher inflation and reduced economic growth.

On a month-over-month basis, the CPI gain was 0.8%. Economists surveyed by Dow Jones had expected headline inflation to increase 7.8% for the year and 0.7% for the month.

Food prices rose 1% and food at home jumped 1.4%, both the fastest monthly gains since April 2020, in the early days of the Covid-19 pandemic.

Energy also was at the forefront of ballooning prices, up 3.5% for February and accounting for about one-third of the headline gain. Shelter costs, which account for about one-third of the CPI weighting, accelerated another 0.5%, for a 12-month gain of 4.7%.

(Excerpt) Read more at cnbc.com ...

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #6 on: March 10, 2022, 07:01:34 AM »
This has been an issue since early last year.  Remember when Biden said it was "transitory"    LOL!

My worry is that if we don't get the prices of gas under control, it could lead to civil unrest.

I see it from the perspective of supply chain disruptions involving truckers not being able to properly fill their gas tanks in order to deliver the food we purchase for consumption. I see it from the perspective of day laborers throughout the heartland of America that use their pickup trucks to get to and from work.

I see it from the perspective of the "average" person that has a job that hypothetically pays $15/hr. If the cost to fill their cars with gas continues to rise and the distance they have to drive to get to/from work is substantial enough (>15 miles), it might not make much sense to use their cars as they might not be able to break even over the course of days when you account for the fact that a third of what they make ($15/hr) is taxed, which brings it closer to real rate of $10/hr and then the fact that depending on what they have to spend on gas/day and food while at work, they might be getting paid more like $5/hr after all is said and done.

I fear that sooner or later, we could have a full blown revolution of some sort (might not be downright violence involved, but maybe government being overthrown).

"1"

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #7 on: March 10, 2022, 07:05:13 AM »
I get it

My worry is that if we don't get the prices of gas under control, it could lead to civil unrest.

I see it from the perspective of supply chain disruptions involving truckers not being able to properly fill their gas tanks in order to deliver the food we purchase for consumption. I see it from the perspective of day laborers throughout the heartland of America that use their pickup trucks to get to and from work.

I see it from the perspective of the "average" person that has a job that hypothetically pays $15/hr. If the cost to fill their cars with gas continues to rise and the distance they have to drive to get to/from work is substantial enough (>15 miles), it might not make much sense to use their cars as they might not be able to break even over the course of days when you account for the fact that a third of what they make ($15/hr) is taxed, which brings it closer to real rate of $10/hr and then the fact that depending on what they have to spend on gas/day and food while at work, they might be getting paid more like $5/hr after all is said and done.

I fear that sooner or later, we could have a full blown revolution of some sort (might not be downright violence involved, but maybe government being overthrown).

"1"

G_Thang

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Re: New inflation rate 7.9%
« Reply #8 on: March 10, 2022, 07:08:54 AM »
trump - record breaking economy, energy independent and super-power
biden - record breaking inflation, killed us energy, shit-pants

 ::) ::) ::) ::)

pant-shitter and team needs to go down in epic plane crash

No confirmation Biden wears depend diapers

Andy Griffin

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Re: New inflation rate 7.9%
« Reply #9 on: March 10, 2022, 07:19:47 AM »
"81 million" people voted for this.
~

myt1

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Re: New inflation rate 7.9%
« Reply #10 on: March 10, 2022, 07:25:39 AM »
February inflation numbers are in and the Consumer Price Index (CPI) rose to 7.9%. Back in January it was at 7.5%. This the highest inflation has been in over 40 years.

For those not well versed on matters of inflation, the CPI measures the change in prices paid by consumers for goods and services, particularly highlighting the spending patterns of all urban consumers and urban wage earners and clerical workers (This is the official government definition). The "all urban" consumer group represents about 93 percent of the total U.S. population. It is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers.

Highlights from the US Department of Labor report regarding February 2022 CPI include:

The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase; other energy component indexes were mixed.

The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020.

So for those of you mentioning the alarming rise in cost of gasoline + food items in the supermarket, this is what the CPI is reflective of. It captures the average change in the prices of goods and services.

Keep in mind as an employee that just as the price of goods rise, so should the COST OF YOUR SERVICES. What you earn in terms of wages and salary should be rising as well, as what you get in the form of pay is merely the cost of your services and your wage/salary doesn't increase it isn't being reflective of inflationary cost of living. If your employers are failing to give you a raise, it means they are trying to save money. They raise the price the public pays for their goods/services in order to account for what their overhead increasing costs are. With that same increase to the price of their goods/services, they should also be increasing the compensation for your services as employees. Keep an eye out for this, as many people are not realizing the fuckery on hand.

"1"
.

I don't believe either of those stats.  I'm not bothering with doing the math, but since December here gas has gone from 2.89/gallon to 3.99/gallon as of yesterday.....up $.20 since the day b4 when I drove by the same gas station the day b4.....just off the top of my head that seems like way more than 6.6% overall.  Even in January it was like 2.29-2.39 so if we're just talking month over month I think that's more than 6.6%.  Your the CPA/math guy, so you tell me how that works out please? (Asking, not challenging you....I think gov't numbers are horseshit just like the SOTU speech saying we gained 3.5 million jobs..........NO, we didn't GAIN shit...we got those back)

As for food being 1.4%.....that is even more laughable.  I buy meats in bulk and have a foodsaver and bags.  I'm running low now.  Last time I purchased chicken it was $1.99/lb, now $4.99, 80/20 beef was 1.99/lb now 3.99-4.99+ depending on where you go, top sirloin was 3.99-4.99 and now 9.99-10.99+.  Everyone in our town gets a weekly mailer from all (used to be all) the grocery stores around our zip codes with their ads of their low prices, and would match each other if you brought them in.  3 of the top 4 regional chains have consolidated them into their best deals on two pages from the newspaper here that puts them out.  So you only had to shop at one place.  Now, I have to go online to check every place and no one price matches anymore.  Fuck, even Neighborhood WalMart stop sending ads.  All I get now is the aforementioned two page piece with one local supermarket, Aldi's, and Menard's (which I don't give a single fuck about)

Thanks for the informative (as always) post OMR, but they are lying their asses off to us once again. 

I can't believe we have another 3 (maybe more if they cheat again) more years of this shitty, fucked up, avoiding, and bold faced lying) administration to go.   The only reliable "journalists" are John Stossel..20/20 let him go for being too good and honest, Beck, the dude from Judicial Watch, that undercover company (can't remember the name as they have been shadow banned, and never come up on YT recommended anymore), Russell Brand or all people (a leftist actor who is red pilling himself), Rubin, Shapiro, Chad Prather, and a few others.  All because people couldn't of covid being used as an excuse to corrupt the election via mail in ballots nationwide, Orange Man bad, and "mean tweats" AKA the hard truth from a President finally.

People these days are happier to be lied to than think critically so they can feel better about living their fake lives on social media, than they would be to know facts and deal with them.  They and "we the people" all are suffering now because of it after only one year of their pussy ass "votes".  I am pissed, and I have no idea what I or any of us can do about it.  Government is just too big, powerful, and a corporate driven machine that can't be stopped.

myt1

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Re: New inflation rate 7.9%
« Reply #11 on: March 10, 2022, 07:36:07 AM »
Let me be clear, the rising price of oil/gas has VERY LITTLE to do with Russia and PRIMARILY is being affected by the alarming rates of inflation and supply chain disturbances.

Russia, as of just a few days back, was a supplier of oil to the USA. The major suppliers of oil to the USA were mostly Canada and Mexico, with Russia supplying a small but formidable amount. This recent alarming rise to gas prices is a direct result of inflation that has been creeping up over the last 2 years. It's the hidden tax that people don't like to talk about.

"1"

Politefully disagree.  It's gas is a direct result of Biden's first day cancelling Keystone, going down to half of drilling sites, stopping fracking, not signing new drilling permits, etc. which killed our energy independence that we had for the first time ever.  I think you and I are around the same age.  I know you live in NY which is higher, but I remember getting my first car at 17 and gas being $.99 - $1.29 until I was like 28-30 years old.  We were headed back in that direction.  If you watched the Full Send podcast with Trump we should have been been back down to that as he said we were actually paying countries like $36/barrel to take them off our hands as we had so much.

Now this fucking dipshit "in charge" is going to dig into our oil reserves which might be extremely necessary if we go to war so that he can claim he got a handle on things for a few fucking weeks, and people will forget for a short while.

Princess L

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Re: New inflation rate 7.9%
« Reply #12 on: March 10, 2022, 07:40:14 AM »
This has been an issue since early last year. Remember when Biden said it was "transitory"    LOL!

^this

This was all REPEATEDLY predicted.  Keep those Biden bucks coming.

Let's Go Brandon









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Coach is Back!

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Re: New inflation rate 7.9%
« Reply #13 on: March 10, 2022, 07:48:37 AM »
"81 million" people voted for this.

I’m convinced Biden and his fake administration were installed

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #14 on: March 10, 2022, 08:07:38 AM »
I don't believe either of those stats.  I'm not bothering with doing the math, but since December here gas has gone from 2.89/gallon to 3.99/gallon as of yesterday.....up $.20 since the day b4 when I drove by the same gas station the day b4.....just off the top of my head that seems like way more than 6.6% overall.  Even in January it was like 2.29-2.39 so if we're just talking month over month I think that's more than 6.6%.  Your the CPA/math guy, so you tell me how that works out please? (Asking, not challenging you....I think gov't numbers are horseshit just like the SOTU speech saying we gained 3.5 million jobs..........NO, we didn't GAIN shit...we got those back)

Good question!

In a nutshell, that number I posted in my original post 7.9% is known as the consumer price index. The CPI measures the average change in prices compared to a base period. The change you see is indexed and also seasonally adjusted. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. These are national figures that are also seasonally adjusted.

So just to give relevance to your stated gasoline example where you said: "since December here gas has gone from 2.89/gallon to 3.99/gallon as of yesterday.....up $.20 since the day b4 when I drove by the same gas station the day b4.....just off the top of my head that seems like way more than 6.6% overall"

You're not wrong in your estimation, but you're also not accounting for the fact that we do not gauge the overall percentage of gas price increases based on the numbers from "your" local gas stations. The INDEX is based on national average over 75 distinct regions and is further adjusted for seasonal variability. So, what I am saying to you is that you're not wrong by your calculation, but you're also not right. It depends on how you look at the equation. Pictures speak louder than words, so let me show you how you are simultaneously right and wrong  ;)

Here's an image captured from the US Department of Labor report on the new CPI from February 2022 - the exact chart can be found on page 2 of the report (https://www.bls.gov/news.release/pdf/cpi.pdf):



Now look at the line title "Gasoline (all types)". The seasonally adjusted indexed change in gas prices were January 2022 (-0.8) to February 2022 (6.6). Now, if you look at the very last column titled "Unadjusted 12-mos ended Feb 2022" noticed how that change is more like 38%? That's what you're getting at when you tell me that from a price of $2.89/gallon to a price of $3.99/gallon your percentages seem more than 6.6. Well, that's because the exact increase is more like 38.0623% increase, which is what that chart tells you in that very last column.

I hope this adds some clarity to your inquiry.

"1"

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #15 on: March 10, 2022, 08:08:24 AM »
I buy the same sandwich daily - used to be 5.99 - now its 6.99.   Do the math.   

Good question!

In a nutshell, that number I posted in my original post 7.9% is known as the consumer price index. The CPI measures the average change in prices compared to a base period. The change you see is indexed and also seasonally adjusted. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. These are national figures that are also seasonally adjusted.

So just to give relevance to your stated gasoline example where you said: "since December here gas has gone from 2.89/gallon to 3.99/gallon as of yesterday.....up $.20 since the day b4 when I drove by the same gas station the day b4.....just off the top of my head that seems like way more than 6.6% overall"

You're not wrong in your estimation, but you're also not accounting for the fact that we do not gauge the overall percentage of gas price increases based on the numbers from your local gas stations. The INDEX is based on national average over 75 distinct regions and is further adjusted for seasonal variability. So, what I am saying to you is that you're not wrong by your calculation, but you're also not right. It depends on how you look at the equation. Pictures speak louder than words, so let me show you how you are simultaneously right and wrong  ;)

Here's an image captured from the US Department of Labor report on the new CPI from February 2022 - the exact chart can be found on page 2 of the report (https://www.bls.gov/news.release/pdf/cpi.pdf):



Now look at the line title "Gasoline (all types)". The seasonally adjusted indexed change in gas prices were January 2022 (-0.8) to February 2022 (6.6). Now, if you look at the very last column titled "Unadjusted 12-mos ended Feb 2022" noticed how that change is more like 38%? That's what you're getting at when you tell me that from a price of $2.89/gallon to a price of $3.99/gallon your percentages seem more than 6.6. Well, that's because the exact increase is more like 38.0623% increase, which is what that chart tells you.

I hope this adds some clarity to your inquiry.

"1"

Soul Crusher

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Re: New inflation rate 7.9%
« Reply #16 on: March 10, 2022, 08:09:00 AM »

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #17 on: March 10, 2022, 08:16:22 AM »
I buy the same sandwich daily - used to be 5.99 - now its 6.99.   Do the math.

Now imagine spending 35 years of your life explaining to customers every single year how inflation works and what CPI is.

This has been my life as an accountant. Chaos, I prefer the #4 Buckshot if you decide to take me out of my misery.

"1"

myt1

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Re: New inflation rate 7.9%
« Reply #18 on: March 10, 2022, 08:22:41 AM »
My worry is that if we don't get the prices of gas under control, it could lead to civil unrest.

I see it from the perspective of supply chain disruptions involving truckers not being able to properly fill their gas tanks in order to deliver the food we purchase for consumption. I see it from the perspective of day laborers throughout the heartland of America that use their pickup trucks to get to and from work.

I see it from the perspective of the "average" person that has a job that hypothetically pays $15/hr. If the cost to fill their cars with gas continues to rise and the distance they have to drive to get to/from work is substantial enough (>15 miles), it might not make much sense to use their cars as they might not be able to break even over the course of days when you account for the fact that a third of what they make ($15/hr) is taxed, which brings it closer to real rate of $10/hr and then the fact that depending on what they have to spend on gas/day and food while at work, they might be getting paid more like $5/hr after all is said and done.

I fear that sooner or later, we could have a full blown revolution of some sort (might not be downright violence involved, but maybe government being overthrown).

"1"




I laugh at the whole Jan 6th bullshit being an "insurrection".  You want to see an insurrection....look at the pics of Al Qaeda with their feet up on the desk of the former leader of Afghanistan's desk with machine guns.  Jan 6th was a protest that got out of control, and encouraged by one or more of our deep state agencies.  It was assembled and people were marching there while Trump was STILL fucking speaking.  The narrative that he, the Proud Boys, or white supremacist groups were the cause is total horseshit.  There were more people there than the total number of people in white supremacist/militias in the US in total. 

And even still, it was nothing like the  "mostly peaceful" protests funded by Soros and BLM that we saw, and those aren't being investigated even though they attacked local governments, police, and burned down police stations and businesses.  It's all horseshit.  I can't believe my congressman voted for the investigation into it, and is on the committee, and that no one is challenging him in the primaries so far.  He lives 10 minutes away from me, and he is never here.  He is former military, so he gave an oath to this country twice now and is a complete liar/fucktard/traitor/I'm going to be a millionaire now RINO.  I am not a public speaker, but if he gets a challenger, and actually comes back here to campaign I will go to the mic shaking with my social anxiety, and call him out on all of his bullshit. Same goes for my district's senator.  Both are fucktards.

Who/where is Ray Epps and a few other FBI wanted or informants initially arrested?  Why did the Capitol police open a door that could only be unlocked from the inside?  Who was overtaken or killed?  Oh yeah, Ashley Babbit....a girl at least 6 feet away from a door from which a still unnamed, unharmed, and uncharged even though she posed no threat to him.  If she was black there would have been hell to pay, and it would still be on the news everyday still.....but she is never talked about.  This is such a big thing, but they "can't"/ won't find the person that planted "bombs" at the DNC (I think it was) headquarters. ???  If our best intelligence agencies can't find one person planting two bombs, how the fuck can we trust them to know what China, Russia, Iran, etc. are doing?  Or do they know it all and are planning it all out?  My guess is the second.

I pray for a revolution.  We do not need 535 people in office in DC considering all of the congress people we have in each state.  Honestly, IMO there should only be the Senate.  2 reps for each state, a President and a VP is all we need since we have a Constitution with state's rights.  We'd never see leftist/globalist agendas ever again if that was the case.  America....Fuck Yeah!

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #19 on: March 10, 2022, 08:42:07 AM »

I laugh at the whole Jan 6th bullshit being an "insurrection".  You want to see an insurrection....look at the pics of Al Qaeda with their feet up on the desk of the former leader of Afghanistan's desk with machine guns.  Jan 6th was a protest that got out of control, and encouraged by one or more of our deep state agencies.  It was assembled and people were marching there while Trump was STILL fucking speaking.  The narrative that he, the Proud Boys, or white supremacist groups were the cause is total horseshit.  There were more people there than the total number of people in white supremacist/militias in the US in total. 

And even still, it was nothing like the  "mostly peaceful" protests funded by Soros and BLM that we saw, and those aren't being investigated even though they attacked local governments, police, and burned down police stations and businesses.  It's all horseshit.  I can't believe my congressman voted for the investigation into it, and is on the committee, and that no one is challenging him in the primaries so far.  He lives 10 minutes away from me, and he is never here.  He is former military, so he gave an oath to this country twice now and is a complete liar/fucktard/traitor/I'm going to be a millionaire now RINO.  I am not a public speaker, but if he gets a challenger, and actually comes back here to campaign I will go to the mic shaking with my social anxiety, and call him out on all of his bullshit. Same goes for my district's senator.  Both are fucktards.

Who/where is Ray Epps and a few other FBI wanted or informants initially arrested?  Why did the Capitol police open a door that could only be unlocked from the inside?  Who was overtaken or killed?  Oh yeah, Ashley Babbit....a girl at least 6 feet away from a door from which a still unnamed, unharmed, and uncharged even though she posed no threat to him.  If she was black there would have been hell to pay, and it would still be on the news everyday still.....but she is never talked about.  This is such a big thing, but they "can't"/ won't find the person that planted "bombs" at the DNC (I think it was) headquarters. ???  If our best intelligence agencies can't find one person planting two bombs, how the fuck can we trust them to know what China, Russia, Iran, etc. are doing?  Or do they know it all and are planning it all out?  My guess is the second.

I pray for a revolution.  We do not need 535 people in office in DC considering all of the congress people we have in each state.  Honestly, IMO there should only be the Senate.  2 reps for each state, a President and a VP is all we need since we have a Constitution with state's rights.  We'd never see leftist/globalist agendas ever again if that was the case.  America....Fuck Yeah!

The thing is though, I don't think this is so much a LEFT vs RIGHT thing. This is the narrative that the American system wants their citizens to believe. I believe firmly that America is a socioeconomic experiment in the evolution of capitalism towards some other economic system.

I believe special interest groups put these puppets (Trump and/or Biden or Obama) in power. I think these figureheads have very little power in Washington, or at least not as much as people presume. As you know, a President is essentially a paper tiger unless the legislative and judicial branches are behind them. Presidents have bills to pay to their handlers by way of favors and executive orders that facilitate the agenda of their campaign investors. Moreover, I think that what rules this world is money. If you want to have sight beyond sight and see what is coming next, look to the rulers of this world. Start with BlackRock for instance, evaluate what the G7 summits have put out, look at powerhouses like Ray Dalio and also follow carefully what George Soros invests in. Then consider what Bill Gates is slowly moving towards, as well as Elon Musk and Jeff Bezos. We (the people) are too small to matter. We are an excess of reproduction that is leading to unsustainable population levels which can drastically bleed the earth of its scarce resources. We are, unfortunately, in the way of what those that control the world want.

Anyway, I went far too deep down the rabbit hole and I apologize.

"1"

Princess L

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Re: New inflation rate 7.9%
« Reply #20 on: March 10, 2022, 08:46:10 AM »
Now imagine spending 35 years of your life explaining to customers every single year how inflation works and what CPI is.

This has been my life as an accountant. Chaos, I prefer the #4 Buckshot if you decide to take me out of my misery.

"1"

You'd die a slow and painful lead poisoning death with #4.  00 would be a better choice  ;)
:

myt1

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Re: New inflation rate 7.9%
« Reply #21 on: March 10, 2022, 08:47:40 AM »
"81 million" people voted for this.

From Wikipedia....https://www.britannica.com/topic/United-States-Presidential-Election-Results-1788863

1976

U.S. presidential election, 1976
Jimmy Carter   Democratic   297   40,825,839   50.0
Gerald R. Ford   Republican   240   39,147,770   48.0
Ronald W. Reagan   not a candidate   1      
1980

U.S. presidential election, 1980
Ronald W. Reagan   Republican   489   43,642,639   50.4
Jimmy Carter   Democratic   49   35,480,948   41.0
John B. Anderson   Independent      5,719,437   6.6
1984

U.S. presidential election, 1984
Ronald W. Reagan   Republican   525   54,455,075   58.8
Walter F. Mondale   Democratic   13   37,577,185   40.6
1988

U.S. presidential election, 1988
George H.W. Bush   Republican   426   48,886,097   53.4
Michael S. Dukakis   Democratic   111   41,809,074   45.7
Lloyd Bentsen   not a candidate   1      
1992

U.S. presidential election, 1992
Bill Clinton   Democratic   370   44,909,889   43.0
George Bush   Republican   168   39,104,545   37.4
Ross Perot   Independent      19,742,267   18.9
1996

U.S. presidential election, 1996
Bill Clinton   Democratic   379   47,402,357   49.2
Bob Dole   Republican   159   39,198,755   40.7
Ross Perot   Reform      8,085,402   8.4
2000

U.S. presidential election, 2000
George W. Bush   Republican   271   50,456,002   47.9
Al Gore   Democratic   26610   50,999,897   48.4
Ralph Nader   Green      2,882,955   2.7
2004

U.S. presidential election, 2004
George W. Bush   Republican   286   62,028,285   50.7
John Kerry   Democratic   251   59,028,109   48.3
John Edwards   not a candidate   1      
2008

U.S. presidential election, 2008
Barack Obama   Democratic   365   69,456,000   52.9
John McCain   Republican   173   59,934,000   45.7
2012

U.S. presidential election, 2012
Barack Obama   Democratic   332   65,446,032   50.9
Mitt Romney   Republican   206   60,589,084   47.1
2016

U.S. presidential election, 2016
Donald Trump   Republican   304   62,979,636   46.0
Hillary Clinton   Democratic   227   65,844,610   48.1
Colin Powell   not a candidate   3      
Bernie Sanders   not a candidate   1      
John Kasich   not a candidate   1      
Ron Paul   not a candidate   1      
Faith Spotted Eagle   not a candidate   1      
2020

U.S. presidential election, 2020
Joe Biden   Democratic   306   81,268,924   51.3
Donald Trump   Republican   232   74,216,154   46.9

What a fucking joke right?

So from Wiki what I see is that from 1976 to 2020 we went from around 100 million people voting to over 155 million people voting, and just from 2016 to 2020 127 million to that 155 million.........but NO SHENANIGANS at all people.  ;) AND Biden, one of the most inept, unintelligent, uninspiring, racist, and corrupt politicians ever, who rode on the coat tails of the first black president to gain a step up got roughly 12 million more votes than him while the polls showed that more blacks and hispanics than ever voted for Republican Trump in 2020 vs his 2016 campaign which already had higher support for him.   But we aren't digging into this, mostly peaceful protests, a VP who started a Go fund me to get rioters out of jail, Afghanistan withdrawal,  Babbit's executer, the media wrongfully attacking and paying out the Covington and Kenosha kids, Pelosi and others financial dealings, AOC and that girl from Somalia's political fundings and their misuse of it........, but we are still talking Orange Man bad and Jan 6th.......SERIOUSLY......WTF?

OneMoreRep

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Re: New inflation rate 7.9%
« Reply #22 on: March 10, 2022, 08:51:08 AM »
You'd die a slow and painful lead poisoning death with #4.  00 would be a better choice  ;)

You're right! The other day I was playing with #4 at an outside range and targets looked like hula hoops afterwards.

00 is practically 9 bullets from a 9mm handgun. I guess a damn slug would really end the show quick.

"1"


Gym-Rat

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Re: New inflation rate 7.9%
« Reply #23 on: March 10, 2022, 08:56:25 AM »
libtards are braindead
butt hurt over mean tweets and abrasive personality  ::)
biden is more abrasive and dismissive as anyone, senile old kvnt

bite off nose to spite face
sensitive flamers
must suck when the guy you hate, who takes up all your little-head real estate, owns the fukk out of you daily.


$7 gas under Joe Biden and his Socialist Regime


myt1

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Re: New inflation rate 7.9%
« Reply #24 on: March 10, 2022, 09:22:05 AM »
Good question!

In a nutshell, that number I posted in my original post 7.9% is known as the consumer price index. The CPI measures the average change in prices compared to a base period. The change you see is indexed and also seasonally adjusted. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. These are national figures that are also seasonally adjusted.

So just to give relevance to your stated gasoline example where you said: "since December here gas has gone from 2.89/gallon to 3.99/gallon as of yesterday.....up $.20 since the day b4 when I drove by the same gas station the day b4.....just off the top of my head that seems like way more than 6.6% overall"

Thanks for posting that, and you are much better than math than me, as well as much more versed in politics/finance.........ok, fuck it.  You're smarter than I am by a lot OMR.  I am just a common sense type person who looks deeper than most citizens it seems.  I've seen the last couple of Psaki's conferences, and others in the administration on CNN and Fox YT clips, and watch them with all the "ummm....ahhhhs,", talking in circles, contradicting things they've said in the past, and just obviously FLAT OUT LYING....and I just think "wow, they think we are total idiots".  And then I think about how Biden "won" his way into office, and think "oh yeah, that's because we are".

Anyway, short story long, my point is, I don't get how it's 7.9% when housing, cars, and gas are so much higher.   And, as I pointed out unless someone is a vegetarian food is up much more than that 7.9% as well.  My knee is fucked up really bad so I have a hard time standing to cook even with my walker or cane, so I have been living on protein shakes and either Healthy Choice or Banquet Bowls that are high in protein.  They were $2.50 or buy 5 for $10 every week at one of the grocery stores here.  Now they are $3.49-3.79  depending on where you go...again stores no longer sending out ads or matching prices.   So again, not great at math, but that seems to be more than 7.9% to me.  Shit even packaged salad/lettuce has gone up about $.30, and everything else that is in plastic is going to go up to.  Chad Prather is a comedian, so I don't know if he was joking or not on last night's show, but he said that he read they are predicting toothpaste will be around $10 in the next year at this rate.

As for things like

You're not wrong in your estimation, but you're also not accounting for the fact that we do not gauge the overall percentage of gas price increases based on the numbers from "your" local gas stations. The INDEX is based on national average over 75 distinct regions and is further adjusted for seasonal variability. So, what I am saying to you is that you're not wrong by your calculation, but you're also not right. It depends on how you look at the equation. Pictures speak louder than words, so let me show you how you are simultaneously right and wrong  ;)

Here's an image captured from the US Department of Labor report on the new CPI from February 2022 - the exact chart can be found on page 2 of the report (https://www.bls.gov/news.release/pdf/cpi.pdf):



Now look at the line title "Gasoline (all types)". The seasonally adjusted indexed change in gas prices were January 2022 (-0.8) to February 2022 (6.6). Now, if you look at the very last column titled "Unadjusted 12-mos ended Feb 2022" noticed how that change is more like 38%? That's what you're getting at when you tell me that from a price of $2.89/gallon to a price of $3.99/gallon your percentages seem more than 6.6. Well, that's because the exact increase is more like 38.0623% increase, which is what that chart tells you in that very last column.

I hope this adds some clarity to your inquiry.

"1"

Thanks for posting that, and you are much better than math than me, as well as much more versed in politics/finance.........ok, fuck it.  You're smarter than I am by a lot OMR.  I am just a common sense type person who looks deeper than most citizens it seems.  I've seen the last couple of Psaki's conferences, and others in the administration on CNN and Fox YT clips, and watch them with all the "ummm....ahhhhs,", talking in circles, contradicting things they've said in the past, and just obviously FLAT OUT LYING....and I just think "wow, they think we are total idiots".  And then I think about how Biden "won" his way into office, and think "oh yeah, that's because we are".

Anyway, short story long, my point is, I don't get how it's 7.9% when housing, cars, and gas are so much higher.   And, as I pointed out unless someone is a vegetarian food is up much more than that 7.9% as well.  My knee is fucked up really bad so I have a hard time standing to cook even with my walker or cane, so I have been living on protein shakes and either Healthy Choice or Banquet Bowls that are high in protein.  They were $2.50 or buy 5 for $10 every week at one of the grocery stores here.  Now they are $3.49-3.79  depending on where you go...again stores no longer sending out ads or matching prices.   So again, not great at math, but that seems to be more than 7.9% to me.  Shit even packaged salad/lettuce has gone up about $.30, and everything else that is in plastic is going to go up to.  Chad Prather is a comedian, so I don't know if he was joking or not on last night's show, but he said that he read they are predicting toothpaste will be around $10 in the next year at this rate.

As for things like apparel, yes they are lower, but do regular people buy new shoes, clothes, etc. every month?  I know my family didn't/doesn't.  Shit, the only new clothing I've bought in the last two years are a few of pairs of those non-slip socks I had to pay for during ER visits and my surgeries. ;D :'(