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You are here: Home » News » Jesuit Agendas » Inflation » They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists

They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists

June 23, 2021 8:15 PM By Michael Snyder 2 Comments

Originally published by theeconomiccollapseblog.com.


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They would like us to believe that what we can see happening right in front of our eyes is not actually real.  Over the past year, our politicians in Washington have gone on the largest spending binge in U.S. history by a very wide margin, and the Federal Reserve has created the most enormous financial bubble of all time by pumping trillions upon trillions of fresh dollars into the financial markets.  Of course this was going to cause very painful inflation, and prices are rising very aggressively all around us.  But Federal Reserve Chair Jerome Powell and other leaders in Washington are trying to convince us that even though they added all of this money to the system it has hardly affected the overall rate of inflation at all.  They are “gaslighting” us, and it is absolutely infuriating.

If you are not familiar with the term “gaslighting”, the following is how Wikipedia defines it…

Gaslighting is a form of psychological manipulation in which a person or a group covertly sows seeds of doubt in a targeted individual or group, making them question their own memory, perception, or judgement.

This is precisely what they are trying to do to all of us.  Everyone can see that nightmarish inflation is already here, but they are trying to manipulate us into thinking that it is not.

Just look at home prices.  Everyone needs a place to live, and existing home prices have risen 23.6 percent over the past year…

The median existing-home price rose 23.6% in May from a year earlier to $350,300, a record high, NAR said. The annual price appreciation was the strongest in data going back to 1999. Median sales prices have climbed sharply since rising above $300,000 for the first time last July.

At this point, homes are absolutely flying off the market.  In fact, the average time that a home stays on the market has hit a record low…

Homes are selling quickly. The typical home that sold in May spent 17 days on the market, matching the record low reached in April, NAR said.

Buyers with limited cash for down payments are struggling the most to compete. Half of existing-home buyers in April who used mortgages put at least 20% down, according to a NAR survey.

But Federal Reserve Chair Jerome Powell insists that everything is just fine and that the Fed is perfectly capable of keeping inflation around 2 percent…

“When Congress spends trillions of dollars and the Fed prints money, something’s got to give,” Rep. Mark Green (R., Tenn.) said. He asked Mr. Powell whether the price increases seen in recent months are “the start of something that could be as bad as the ‘70s,” when inflation reached double digits.

Mr. Powell said such a scenario is “very, very unlikely,” in part because the central bank “is strongly prepared to use its tools to keep us around 2% inflation.”

What an insane thing to say.

How can you claim that you are going to “keep us around 2% inflation” when inflation is already out of control?

As John Williams of shadowstats.com has documented, if honest numbers were being used the official rate of inflation would already be well into double digits.

Of course for certain categories we are now seeing triple digit inflation.  For instance, at one point in May the price of lumber was four times higher than it was at the same time last year…

The price of lumber, which shot up to $1,600 per thousand board feet in May from $400 early last year, is making renovations more expensive – especially projects that involve kitchens cabinets, hardwood floors and additions that require framing.

But Powell just told Congress that he is not troubled by any of this…

“If you look behind the headline and look at the categories where these prices are really going up, you’ll see that it tends to be areas that are directly affected by the reopening,” Mr. Powell said in a hearing before a House subcommittee. “That’s something that we’ll go through over a period. It will then be over. And it should not leave much of a mark on the ongoing inflation process.”

These days, Powell is definitely starting to sound a lot like Frank Drebin.

We are supposed to believe that nothing out of the ordinary is happening, but meanwhile the wholesale price of chicken wings has more than tripled…

“The [wholesale] price of wings a year ago was as low as 98 cents,” per pound, Charlie Morrison, Chairman and CEO of Wingstop Restaurants Inc., told CNN Business. “Today, it’s at $3.22. So it’s a meaningful difference.”

Our leaders insist that this is perfectly normal.

Nothing to see here.

Please move along.

To me, one of the craziest examples of inflation in our economy is what is happening to used car prices.

At this point, some used vehicles are now selling for more than they sold for when they were brand new…

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used. Then they’re selling it to consumers for more than $33,000.

Welcome to the wacky world of U.S. car and truck sales, where the pandemic and a global shortage of computer chips have pushed prices to record levels.

I was absolutely floored when I first read that.

We have never seen anything happen like this before in all of U.S. history.

But Fed officials are going to continue to tell you that everything is just fine in the months ahead even as economic conditions continue to go haywire all around us.

I warned that extremely painful inflation was coming in my last book, and I will be warning about it again in the new book that I will soon be releasing.

Our leaders consciously made the decision to flood the system with new money in a desperate attempt “to save the economy”, and they should just be honest with us about the consequences of that decision.

But instead, they are just going to keep trying to spin the truth for as long as they can.

Unfortunately for them, the clock is ticking, and time is not on their side.

Author: Michael Snyder

Michael Snyder is a former Washington D.C. attorney who now publishes The Economic Collapse Blog and End of the American Dream. Michael and his wife Meranda believe that God is raising up a Remnant in these last days (Revelation 12:17; Revelation 14:12) that will bring in the greatest move of God the world has ever seen and the greatest harvest of souls the world has ever seen.

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Expat Gal
Expat Gal
1 year ago

There is a trick that is used to make inflation look lower than it really is. There is a Consumer Price Index (CPI) which represents a basket of goods & services. When one item in this basket increases dramatically in price, this item will be removed and replaced with a different item with a much smaller increase in price and thus a lower inflation increase which helps to keep inflation rates appearing lower than they are in reality.

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deborah
deborah
1 year ago

Some of these examples aren’t due to “inflation” as we typically use and think of inflation.

Housing prices are up because interest rates are so low, many people got a low-interest loan to purchase a home. Homes for sale were quickly bought, but without any change in how many are coming on to the market. So inventory of homes for sale dried up, while many more people than usual are shopping. If interest rates rose, housing prices would eventually fall since fewer people would be shopping for one.

Used car prices are up because there’s a massive shortage of the computer chips that are needed for the internal systems of new cars. So there are far fewer new cars for sale – an example is the thousands of brand new Ford Superduty trucks all currently stored at Kentucky Speedway. They can’t be sold because they don’t have the chips. So the demand for used cars has skyrocketed, since far fewer new cars than normal are for sale because they can’t get the chips. When the chips become available and the cars can be sold, the price of used cars will drop sharply. In fact, the price for new cars will also drop sharply because they’ll all become available at once but will already be close to being “last year’s” model.

I’m noticing a lot of shrinkflation – the same price for a smaller amount of what I purchased. The toilet paper I like is also the same price – but is noticeably thinner. It’s the same price for less, or the cost is inflated for the amount. This is an example of what we usually mean by inflation.

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  • Michelle Okeson on “They’re preparing us for civil war.”Just yesterday I taped a brief radio program regarding this same thought. The title for the message was Civil War II. I noted in it that when the Gettysburg battle was being fought from July 1-3, 1863…
  • Marcio on Prophetic dream reveals BTC flash crash and recovery to $108,000Major indicators are shown to gauge whether or not BTC is near market bottom: Warning: Everyone is WRONG About When Bitcoin Bottom - This Will Happen Instead By Crypto Crew University https://www.yout…
  • christian on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”Dr. zelenko pass away few days ago. DEC 14, 2021, Famous Covid Doctor Reveals What's Really Going on “WAR FOR THE WORLD” THIS IS A HILL WORTH DYING ON Vladimir (Zev) Zelenko is known for promoting a t…
  • Geo Washington on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”"Yes, your nomadic days will finally be over." I tell you unless you can hear His voice and obey Him your nomadic days have only just begun. Are we truly His sheep? My sheep hear my voice the Lord sai…
  • Lise on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”Sounds like Heaven to me.
  • Ant 🐜 on Prophetic dream reveals BTC flash crash and recovery to $108,000Hi Matteh, You are correct Binance won't allow low BTC buy orders. You will need to set up accounts on other crypto exchanges. Try KuCoin, Kraken, or Bitstamp. Also have a look at CoinMarkertCap.com w…
  • Fionnola Morris on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”I hope it proves to be the case for Australia where people have had an even rougher experience that the average in these days. I pray that you will experience the Holy Spirit harvest and some let up f…
  • Derek on Recent prophetic dreams show prices for Electroneum (ETN)I don't think you understand how burning works, if there are 500 trillion tokens in supply, then those 500 trillion are owned by someone retail/ whales. They cannot simply burn them in the air. The fa…
  • deborah on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeThey started backing it with gold, which has real value. Our US currency is only supported by trade agreements that force other countries to buy oil in American dollars. This forces other countries to…
  • Colton on Recent prophetic dreams show prices for Electroneum (ETN)Just keep in mind you are making some assumptions about circulating suppies, burn mechanics, migrations, the value of the dollar, total market cap of cryptos, inability for current coins to restructur…
  • Geo Washington on “They’re preparing us for civil war.”Mena will be proven right. While I believe there will be goat states and sheep states, that alone is not the true purpose or their intended result. Division is. Any kingdom divided against itself shal…
  • mem on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”I read just the title and the first thing that came to mind was The Second Exodus! Let it be!!
  • Christine on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”Amen
  • Christine on I HEARD THE LORD SAY “DAUGHTERS OF GOD, RECEIVE MY FIRE! RUN! RUN! RUN! RUN!”Amen
  • Joseph on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”Amen. So be it Lord.
  • Desiree on “In the next six months you’re going to wake up settled in the land that I promised to give you long ago.”Amen … I receive it in JESUS mighty name 🙏🙏🙏🙏❤️
  • Waully on “They’re preparing us for civil war.”VERY close. Check out this map of the fault line: https://www.wthr.com/article/news/indiana-is-near-two-of-the-largest-fault-lines-in-the-central-us/531-5e00440f-60f3-437e-8b77-36902652d31e Then check…
  • Emma on I HAD A DREAM AND THE LORD SPOKE LOUDLY “ONE OF THE NEXT THINGS I AM GOING TO TEACH MY PEOPLE IS ABOUT IS MY TIMING”Thank you Lana for your words. I have been reading back over some of your prophecies with tears in my eyes. God has been doing a work in me the past few months. I have had deliverance, breakthrough an…
  • Jason on “They’re preparing us for civil war.”Do you know if the spot is over the Mississippi River or New Madrid faultline? Do you know? I have a theory I haven't fully vetted out yet...
  • Fionnola Morris on Do not despise the storm. Harness it, and ride it to the end to receive the Champion’s reward!Thank you, Pastor Wanda. I really believe the lord is coming back for a resplendent warrior-bride not a bedraggled, cowering bride and that Holy Spirit will propel us through these storms until we rid…
  • Fionnola Morris on “They’re preparing us for civil war.”Actions taken to provoke a civil war is probably a fair summation. However, the Lord also has His plans which aren’t simply reactive. Many of us can clearly see the hand of God in all this, especially…
  • Edg on “They’re preparing us for civil war.”Yes OUR Mighty Lord planned to Stop the curse on America with these abortions and YES our Lord's will and HE is never Late Pray for Peace for America and Peace for Israel
  • Matteh on Prophetic dream reveals BTC flash crash and recovery to $108,000Hi friends, I've been struggling to set-up very low (eg. $4) spot-limit order on Binance? The exchange basically wld allow a minimum of about $3300 order it says. Some other exchanges also indicate yo…
  • Nora on “They’re preparing us for civil war.”I agree. This reminded me of David Wilkerson's book The Vision (1973). In the vision God gave him, New York City is on fire > he didn't know why, it could be a celestial event, an attack, or civil…
  • Kris L on “They’re preparing us for civil war.”The paths of the two eclipses also crisscross over southern Illinois, an area that used to be call Little Egypt.
  • Derek on Recent prophetic dreams show prices for Electroneum (ETN)I don't think its a negative sentiment. Many lost 99% of their monies and it can drop more from here. It's only when you see things as is, you learn and grow, not by blind faith.
  • James - Lincoln on “They’re preparing us for civil war.”Couldn't agree more with this, Mena! May you be blessed for sharing!!
  • Ant 🐜 on Recent prophetic dreams show prices for Electroneum (ETN)Wow, given this negative sentiment regarding RDD and ETN from once committed diehards who once believed, I would suggest that this week is now the absolute bottom and both cryptos are on their way up…
  • Bill F on Recent prophetic dreams show prices for Electroneum (ETN)Thanks for sharing that mem. "Not by might , nor by power....nor by excellent TA skills...nor by intellectual prowess...but by My Spirit sayeth the Lord!"
  • mem on Recent prophetic dreams show prices for Electroneum (ETN)I was the opposite. Didnt give rdd the time of day, because from the fundamentals it was a no go. No dream or vision needed to pass on a bad altcoin Then i had a dream where a person i havent seen sin…
  • Derek on Recent prophetic dreams show prices for Electroneum (ETN)Yes, that's why I stay away from all these SHIB and LUNC $1 dreams. There is no way the crypto market would reach quadrillion dollars market cap anytime soon, we may hit those probably during financia…
  • faith on Recent prophetic dreams show prices for Electroneum (ETN)Hi Bill, thanks for your reply. One thing I can share with you and others is from the RDD dreams I read most people do not see a warning when they get it. Bathroom/toilet dreams, anything medical (drs…
  • Edg on Prophetic dream warns of trouble ahead at Coinbase crypto exchangewell coinbase STOCK has LOST around 75 % of its value since a year ago and they will manipulate the SMALL coins, meme , to be able to keep afloat , or they will o anything to keep them from getting Hi…
  • Edg on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeLMA O the world's STRONGEST currency . . . nice joke it is also been Manipulated to be where it is as of today
  • Just Another Brother on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeBut this is artificial because the west stops them from paying in the bond denominated western currency, instead they pay in ruble. It might be considered a technical default, but it's imposed on them…
  • Just Another Brother on Recent prophetic dreams show prices for Electroneum (ETN)Thank you Bill for your encouraging post. I too have been around since back when ETN became hot and I bought at 6 pence. I've been in and out multiple times since then, and likewise with RDD. I have m…
  • MattNZ on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeJUST IN: Russia has defaulted on its foreign debt for the first time since 1918. @GeneralMcInerney
  • Phil - Sydney on Recent prophetic dreams show prices for Electroneum (ETN)Good post . Yes. It’s a long hard road RDD has been a very slow ride down. Too late to sell so I’m in for another 2 years if it takes that long to reach $1 or $2.10. God bless everyone. Instant riches…
  • Two cents worth on Rockefeller Medicine: A Poisonous Illusion?Allopathic medicine is "Rockefeller" Medicine. Here's a humorous video about allopathic medicine, though the reality is very dark... In a time when US citizens are spending far more for "healthcare" t…
  • Bill F on Recent prophetic dreams show prices for Electroneum (ETN)Thanks for this input Faith and good to hear from you. I too am a veteran and have been around Z3 since the RDD revelation and before. It has been an "interesting" process indeed. And I also lost mone…
  • faith on Recent prophetic dreams show prices for Electroneum (ETN)I was around Z3 when the plethora of RDD dreams occurred during the time frame you mentioned. At first, like many others, I bought the coin. Shortly thereafter, the Lord warned me away from it. Prophe…
  • Glenn Clark on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeThanks Derek for those details. Yeah I think the increased fees are almost certain which will turn a large number of users away. Their current fees aren't exactly the lowest of exchanges so I'm guessi…
  • Derek on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeCoinbase made huge profits in 2021, and last quarter earnings were really bad. They laid off 20% staff, rescinded offers. They will layoff 30% more by EOY. Coinbase charges 3% fee, where as pro charge…
  • Glenn Clark on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeI wonder if the sunsetting of Coinbase Pro is any kind of indicator of trouble within Coinbase. Sounds like Coinbase pro becomes "Advanced Trade" within Coinbase. It's supposedly just a migration and…
  • James Bailey on America blindly trusting two Jesuits to lead our nation through the coronavirus pandemic.Thanks for letting me know the video was deleted on YouTube. I had downloaded it so I uploaded it to Brighteon.com, a site that believes in freedom of speech. Here's the link: https://www.brighteon.co…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadI’m expecting SPX to return to 4160 within the next week or two and then drop a little before moving above 4200 soon afterwards. I'm expecting another big wave down starting in late July possibly trig…
  • James Bailey on Prophetic dream warns of trouble ahead at Coinbase crypto exchangeI'm expecting SPX to return to 4160 within the next week or two and then above 4200 by the middle of July. The May 4 top reached 4307 so it might return close to that level before the next wave down b…
  • Derek on Recent prophetic dreams show prices for Electroneum (ETN)Based on dreams of one of the brother in christ, bitcoin will take 10 years to recover after the crash. It's been 5 years since the recommendation for ETN and REDD was made. Unless you've the stomach…
  • Raven0777 on Prophetic dream reveals food shortageAntichrist, disaster I was at the doors of death back in 2010, I had dreams not of this world after that!! .About 2014, or 2015, I dreamed I was watching breaking news. The reporter had a map of the U…
  • Marcio on I HEARD THE LORD SAY “DAUGHTERS OF GOD, RECEIVE MY FIRE! RUN! RUN! RUN! RUN!”Heaven Land Devotions - Jesus Christ - Master Of Time And Eternity By Joanie Stahl https://www.youtube.com/watch?v=BWWH6cEFsGw

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