While we are constantly diverted with multiple crises, our attention is easily distracted from what is important in the short term. The government stated this week that our annual inflation rate is 7.9%. But everyone knows this is not true.
The price of diesel yesterday hit an all time high of $5.135 per gallon. The cost of diesel has increased 32.2% in the past month which means an annual inflation rate of 387%. Transportation costs translate into higher food prices but petroleum products actually impact every part of the supply chain. The people who were led down the primrose path that they deserved higher wages are no paying a high price for their ignorance.
But most people know this. We are headed into a French Revolution.
David DeGerolamo
If you want to know the real inflation number just check the pay raise congress gave themselves 21%. So I would say inflation is 20% +.
Congressional staffer got a 31% raise.
Dana
Typo. Was supposed to read congressional staffers got a 21% raise.
So why didn’t the Iraq war have devastating gas price hikes?
Because you will take it this time.
A political and social commentator of good reputation, said last night, I suspect before he thought “Don’t we have a moral obligation to stop this?”
We also have a political obligation too.
Yes Gail, we absolutely do.
Do you understand what is wrong with society today?
We no longer drink beer from the skulls of our enemies…
Dana
Maybe we should start.
Diesel in Northern California is $5.98 gal. Goes up almost daily.
I paid $4.90 the day before yesterday for diesel here in the upper mid west, but like you said it goes up daily and I imagine it will be over $5 a gallon when I’m ready for another fill. That being said there are some stations that are charging over $ 5 here in town or next to the interstate.
Diesel out in the pucker brush here hit $6.18, then settled back to $5.39. That’s a hike of $1.20 in 2 weeks. Gas about $.60 cheaper. Expect it to reach between $7-8 by end of summer, if not sooner. Have read many reports that our economy can tolerate around $8 per gallon and still function. Any higher and it starts shutting down. Around $10 per gallon and it sim[ly implodes. Our, (the worlds) economy is transportation based. Every single thing from manufacturing supplies to raw materials to finished product, with the exception of some locally grown produce and ag products, is not made locally and must rely on transportation. At $10 per gallon it simply becomes too expensive to move anything let alone propel anyone to work. And at $10 per gallon it is not affordable to plant grain or produce, without raising the end product, say bread, to $27 or $35 bucks a loaf.
Just read reports of the real wages over the last 49 years. For unskilled non-supervisory wages, all adjusted for inflation.
1973 – $9.38 / 2022 – $9.63. If true, indications are it is, (I’ve read similar elsewhere) that is a whopping $.25 cent real wage raise in 49 years. And it was planned this way.
Thanks comarada emperador pantalones de caca, you’re a real treasure.
Bring on the guillotines! Buckle up boys and girls, it’s gonna be a rough ride. Will make PBR bullring events look like Childs play.
About two months ago, the US received two million barrels of diesel
from Russia via a New York harbor. Is there a problem with diesel
fuel in this country. Biden refuses to use reserves as he says they
are for a catastrophic incident. Nothing was reported on the delivery
except if one chanced upon it.
he is a catastrophic event along with everyone in his administration, guillotines for all!
No, the price hike in every day items, from diesel to food products to whatever you can think of is not Putin’s fault ( he may have helped it along, but he isn’t the fault of it ), the problem of the fault is the American communist democrat party and the brain idiot in the W.H.. Don’t worry, I’m starting to think that the Republicans are just as bad.
Many financial talking heads… 15% to 20% is more realistic number, as to the other thing, guillotines on the National Mall every 15 feet, should get the job done.
Head choppin’ time. FJB FJB FJB
It’s going to be fun watching his and O’bama’s heads roll. White and Black equality…. ha ha ha