Equality..

 

The inflation happening in the USA, started last year.. Inflation means higher prices on food, Gas, housing, heating etc. It impacts the retirees, fixed income workers, low income and many other categories. A total of 150 million citizens. 

High inflation, in short, tends to worsen inequality or poverty because it hits income and savings harder for poorer or middle-income households than for wealthy households. 

Households that have recently escaped poverty could be pushed back into it by rising inflation.

Shrank..

 

The U.S. economy shrank at an annualized pace of 1.6% in the first quarter, reflecting a deeper contraction than previously reported.

The Bureau of Economic Analysis's third and final estimate of first-quarter GDP released showed a 1.6% annualized drop in economic growth to start 2022.

In the fourth quarter of 2021, real GDP increased 6.9%.

"The update primarily reflects a downward revision to personal consumption expenditures (PCE) that was partly offset by an upward revision to private inventory investment," the BEA said in its press release.

Personal consumption expenditures rose 1.8%, compared to the previously reported 3.1% increase.

While the latest GDP report pointed to a slowdown in economic growth, the headline figure was skewed by a jump in the U.S. goods trade deficit amid severe supply chain disruptions driven by Sanctions against Russia.

G7..

 

A bigger policy needed indeed... 

The G7 the hard-working European/American leaders are making decisions against Russia which apparently hurting USA, Europe and the third world countries.

They made many decisions against Russia but in reality, these decision hurts the world including the G7. Higher prices of oil, shortage of food worldwide, and financial devastation all around.

Let us go for peace, let us save the world from the decisions that lead to oil prices out of control, Recession around the globe, and poverty in the world.

Who are we punishing here?   Just a thought.

Yellen..

 

Numbers..

 

The President, the Unifier, as he promised on "Day One" cancelled the Keystone XL pipeline, followed by blocked drilling on federal land. No Drill, no Drill Period.

As a result, the price of gas doubled then tripled.

Then the Russia/Ukraine started. As a result a major decision must be taken. Sanctions on certain Russian energy. As a result the energy prices continued to increase.

That combined with the "Lie" of the Transitory Inflation....  and now we are here. Upside down. Just a thought.

May..

 

Fatality..

At least 51 people died and several others remained hospitalized Tuesday after an abandoned tractor-trailer was found in San Antonio  amid sweltering heat, in what officials are calling likely the nation's deadliest smuggling incident on record. 

The driver of the truck and two other people were arrested, according to U.S. Rep. Henry Cuellar of Texas. He said the truck had passed through a Border Patrol checkpoint northeast of Laredo, Texas, on Interstate 35. Cuellar didn’t know if migrants were inside the truck when it cleared the checkpoint.

San Antonio Mayor Ron Nirenberg said the victims had "families who were likely trying to find a better life."

The International Organization for Migration, which is part of the United Nations, said 651 people died attempting to cross the U.S.- Mexico border in 2021 — the largest number since 2014. 

Story..

 

This is going to be a very long nightmare. The first few months,  decisions were made that brought us to this point. Economy, Inflation, Gasoline, South Border migrants, baby formula, and the expected recession.  That's only the beginning of this story. We still have three more years to go of this presidency. 

 Just a thought.

Petro..

Inflation as measured by the (CPI) set a 40-year high in March 2022 amid COVID-19 supply disruptions. Crude oil prices were the highest in a decade as the U.S. cancelled to pipelines in USA and Germany, and imposed sanctions on Russia which disturb the flow of oil food, and fertilizers around the globe.

There was a strong correlation between inflation and oil prices during the 1970s. Costly renewable energy could re-strengthen the correlation between energy costs and a higher inflation rate.

A study by the Federal Reserve Bank suggested that if crude oil prices rose to $100 per barrel for three months, the spike would boost the annual inflation rate by 3 percentage. it has reached $120 and continue for a long time.

Energy accounted for about 7.3% of the CPI as of December 2021, including the index weighting of about 4% for energy commodities.1

Crude oil is a key ingredient in petrochemicals used to make plastic. So, more expensive oil will tend to increase the prices of many products made with plastic.  Just a thought.

Hoodwink..

 

We hear repeatedly about the Inflation.... It is higher prices on many items we need to buy, food, baby formula, Gas, heatring homes... On other way, the 2 % raise you got on your salary last year, or the $15/hour success you achieve, you realy needed 9% raise just to saay afloat... Hand to mouth sort of thing.

Last year, the secretary of treasury indicated that the inflation is transitory, after the President cancelled the Keystone xl pipeline and indicated no more drilling in Federal land.

The secretary of treasury is an experienced woman and served in many other related positions including the Federal Reserve chief. She is well versed in the issue and gets paid around $200,000 to do her job.

So who told her to hoodwink it this time? 

The outcome here is not too short of "Fleecing of America". The poor people and not the so poor. All kind of people and specifically what Mr Biden called them" You ain't black."  

Just a thought.