Janet Yellen blames "the covid " for inflation...Everything was cheaper

[livingston]

Moonbat Parseltongue, Secretary Janet Yellen Blames COVID for Inflation Today Because Everything Was Cheaper Last Year - The Last Refuge

In this Q&A with Treasury Secretary Janet Yellen she is asked about massive inflation and why she is not worried about it. Her reply is jaw dropping.

theconservativetreehouse.com

Boy I’m glad she decided to take one last question at the end of her G7 Finance Minister press conference, because that one question was the one that mattered…. and it didn’t come from a U.S. journalist (go figure).

 

[livingston]

At 25.00 mark

From the above article....
First, note the words used “my personal opinion is“, that’s a key *tell* that she is now shifting from economic discussion into the manipulated words of a U.S. political appointee who is in place to support the absolutely insane policies of the JoeBama administration. However, what she follows with is beyond absurd… it’s professionally false and filled with gaslighting.
Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists

 

[Saltwater60]

At 25.00 mark

From the above article....
First, note the words used “my personal opinion is“, that’s a key *tell* that she is now shifting from economic discussion into the manipulated words of a U.S. political appointee who is in place to support the absolutely insane policies of the JoeBama administration. However, what she follows with is beyond absurd… it’s professionally false and filled with gaslighting.
Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists

What dropped in 2020? I’d like her to tell me that. Stupid people will forget and have short memories. They will buy this.

 

[kev74]

We're used to seeing to lying and manipulation of facts. But usually there is some kind of goal, accomplishment or end result that you can see them working towards.

With these retards though, all they're doing is wrecking stuff. I can't see what they're working towards other than wrecking everything they can get their hands on.

 

[fresch]

N.W.O.

 

[Podmonkey]

If there were any justice in this world this entire administration would be hung.

 

[spat]

We're used to seeing to lying and manipulation of facts. But usually there is some kind of goal, accomplishment or end result that you can see them working towards.

With these retards though, all they're doing is wrecking stuff. I can't see what they're working towards other than wrecking everything they can get their hands on.

Wrecking *is* the goal.

They are intentionally destroying the economy.

Their end goal is to blame capitalism for the mess they are creating, and then provide their solution.

 

[Steal2B]

 

[holdover]

Wrecking *is* the goal.

They are intentionally destroying the economy.

Their end goal is to blame capitalism for the mess they are creating, and then provide their solution.

THIS!!!

 

[holdover]

The World Economic Forum:

What is Cyber Polygon?

Cyber Polygon is a unique cybersecurity event that combines the world's largest technical training exercise for corporate teams and an online conference featuring senior officials from international organisations and leading corporations.

The 2021 conference discusses the key risks of digitalisation and best practice for the secure development of digital ecosystems.


During the technical exercise, participants will hone their practical skills in mitigating a targeted supply chain attack on a corporate ecosystem in real

time.

The event will be held online on July 9th. Applications from organisations wishing to join the training are open. See further details on the official website.

Cyber Polygon | World Economic Forum (weforum.org)


Tin foil hat time, Now some of you remember that That several exercises went real world real quick , such as 911, sandyhook, and covid . I would not be surprised to see a massive cyber attack on the supply chain system this year. I think the the recent gas supply chain attack was the test.

Just putting this out there in case it does happen We know where to look.

 

[holdover]

Hundreds of websites worldwide crashed this morning following a massive internet outage – with the UK government, Amazon and Spotify among those experiencing issues.

Millions of users across the globe reported problems trying to access web pages, with Netflix, Twitch and news websites including the BBC, Guardian, CNN and the New York Times hit by the problem.

Passengers desperately trying to fill out passenger locator forms on UK.Gov to enter the UK from Portugal and abroad were also affected by the outage.

Some websites appeared to be gradually coming back online shortly before midday, but with slow loading times.

Amazon, Spotify, Reddit and Twitch are DOWN | Daily Mail Online


Outage at multiple global websites after Fastly failure - CNN



New York (CNN Business)Countless websites and apps around the world went down for about an hour Tuesday after Fastly, a major content delivery network, reported a widespread failure.
Fastly supports news sites and apps like CNN, the Guardian, the New York Times and many others. It also provides content delivery for Twitch, Pinterest, HBO Max, Hulu, Reddit, Spotify and other services.
Other major internet platforms and sites including Amazon, Target, and the UK government website — Gov.uk — were affected.
The problem was caused by an outage at Fastly (FSLY), a cloud service provider. The company said on its service status website (which was working) Tuesday morning it had identified the problem and fixed the issue.



A Number Of Websites Down In Massive Internet Outage | ZeroHedge

Monitoring - The issue has been identified and a fix has been applied. Customers may experience increased origin load as global services return.
Jun 8, 10:57 UTC

Fastly Status

 

[holdover]

Luckily I am vaccinated so I can connect myself to a wifi magnet.

 

[Cooolone]

What a bunch of gobbly goop bullshit! Inflation without affecting the underlying inflation rate... Blah blah blah...

Things were cheaper last year not because of Covid Idiot... It was cheaper because of the Trump policies and robust economy! Now you take TRILLIONS of dollars and dump it into a stagnant economy and whoola, INSTANT inflation!

Fucking idiots!

And the koolaid drinkers will soak this up, regurgitate it as fact and proclaim all current financial issues (problems) due to the previous administration and any success to theirs. Having it both ways as usual...

Where do they get these mental misfits?

 

[fresch]

College

 

[Saltwater60]

Hundreds of websites worldwide crashed this morning following a massive internet outage – with the UK government, Amazon and Spotify among those experiencing issues.

Millions of users across the globe reported problems trying to access web pages, with Netflix, Twitch and news websites including the BBC, Guardian, CNN and the New York Times hit by the problem.

Passengers desperately trying to fill out passenger locator forms on UK.Gov to enter the UK from Portugal and abroad were also affected by the outage.

Some websites appeared to be gradually coming back online shortly before midday, but with slow loading times.

Amazon, Spotify, Reddit and Twitch are DOWN | Daily Mail Online


Outage at multiple global websites after Fastly failure - CNN



New York (CNN Business)Countless websites and apps around the world went down for about an hour Tuesday after Fastly, a major content delivery network, reported a widespread failure.
Fastly supports news sites and apps like CNN, the Guardian, the New York Times and many others. It also provides content delivery for Twitch, Pinterest, HBO Max, Hulu, Reddit, Spotify and other services.
Other major internet platforms and sites including Amazon, Target, and the UK government website — Gov.uk — were affected.
The problem was caused by an outage at Fastly (FSLY), a cloud service provider. The company said on its service status website (which was working) Tuesday morning it had identified the problem and fixed the issue.



A Number Of Websites Down In Massive Internet Outage | ZeroHedge

Monitoring - The issue has been identified and a fix has been applied. Customers may experience increased origin load as global services return.
Jun 8, 10:57 UTC

Fastly Status

Thank God I can use Adobe connect so I can attend my meeting today.

 

[Blimey]

It's weird because inflation has been muted for a very, very long time. Some are convinced now that the endless and growing deficits will never catch up to us. I hope they are right but fear they are wrong and have always thought they must be wrong, because it otherwise feels like a free lunch.

 

[Saltwater60]

It's weird because inflation has been muted for a very, very long time. Some are convinced now that the endless and growing deficits will never catch up to us. I hope they are right but fear they are wrong and have always thought they must be wrong, because it otherwise feels like a free lunch.

Well chinas is pennies to our dollars when talking about debt.

China - national debt 2018-2028 | Statista

The national debt in China was forecast to continuously increase between 2023 and 2028 by in total 9.6 trillion U.S.

www.statista.com

Same with Russia.

Russia National Debt 2022

countryeconomy.com

Also I haven’t really heard this from an actual expert just liberal thinking. Maybe this has changed recently. Also keep in mind those same jerks that are saying it doesn’t matter now blasted Trump for his growing debt they blasted Trump rightly so but they double talk so much.

 

[Robin]

We're used to seeing to lying and manipulation of facts. But usually there is some kind of goal, accomplishment or end result that you can see them working towards.

With these retards though, all they're doing is wrecking stuff. I can't see what they're working towards other than wrecking everything they can get their hands on.

Yep, and all the time, hidden away in the back room Susan Rice wreaks irreparable havoc on the framework of our republic.
Robin

 

[fresch]

Clinton, oboms, bush,:
Spend our way out.
Pass the bill to see what's in it.
Nafta
Spy culture dejure
Green
Globe warming
Etc
Etc

 

[Blimey]

Clinton, oboms, bush,:
Spend our way out.
Pass the bill to see what's in it.
Nafta
Spy culture dejure
Green
Globe warming
Etc
Etc

To be fair, though, Clinton IIRC finished his term with a balanced or slight budget surplus. Bush and obama were both big spenders. Trump was a profligate spender and even pre-covid had no intention whatsoever to get spending in check. Democrats and spend and tax party, republicans are spend and borrow.

 

[fresch]

Clinton never had a surplus, it was a projected data point iirc.

 

[Saltwater60]

To be fair, though, Clinton IIRC finished his term with a balanced or slight budget surplus. Bush and obama were both big spenders. Trump was a profligate spender and even pre-covid had no intention whatsoever to get spending in check. Democrats and spend and tax party, republicans are spend and borrow.

Clinton did so on the backs of our military boys and girls. I don’t support that. Sure there’s some work to be done there but many other bullshit areas come first.
Trump was bad with the budget but Biden is horrendous with the budget. He could never spend another penny for the rest of his term and still run a deficit the day he leaves office in 7 years.

 

[fresch]

Time for Some Truth: Bill Clinton NEVER Balanced A Budget And NEVER Ran A Surplus

Time for Some Truth: Bill Clinton NEVER Balanced A Budget And NEVER Ran A Surplus"

www.breitbart.com

Did General Motors Really Repay Its Taxpayer Bailout?

Shifting bailout money from GM debt to GM stock is not the same as repaying it.

www.foxnews.com

See how they do not pay ?

 

[holdover]

It's weird because inflation has been muted for a very, very long time. Some are convinced now that the endless and growing deficits will never catch up to us. I hope they are right but fear they are wrong and have always thought they must be wrong, because it otherwise feels like a free lunch.

Economy is 'sitting on a time bomb': Deutsche Bank warns of 'devastating' effects of inflation


Deutsche Bank disagrees with the Federal Reserve's outlook that the spike in inflation that the U.S. economy will see this year will be temporary and mainly due to base effects.

"We are witnessing the most important shift in global macro policy since the Reagan/Volcker axis 40 years ago. Fiscal injections are now 'off the charts' at the same time as the Fed's modus operandi has shifted to tolerate higher inflation. Never before have we seen such coordinated expansionary fiscal and monetary policy. This will continue as output moves above potential. This is why this time is different for inflation," the report noted. "The effects could be devastating, particularly for the most vulnerable in society."

The world is leaving its previous low inflationary environment. This shift has been accelerated by the massive monetary response to the coronavirus pandemic.

"It may take a year longer until 2023, but inflation will re-emerge. And while it is admirable that this patience is due to the fact that the Fed's priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb," Folkerts-Landau said. "Sovereign debt has risen to levels unimaginable a decade ago with large industrial countries exceeding red-line levels of 100% of GDP

Economy is 'sitting on a time bomb': Deutsche Bank warns of 'devastating' effects of inflation | Kitco News

 

[Blimey]

Consumer prices jump 5% in May, fastest pace since the summer of 2008

The 3.8% rise in the core inflation rate, which excludes food and energy prices, was the sharpest increase in nearly three decades.

www.cnbc.com