By Graham Summers, MBA

Yesterday I wrote to you in regards to the full and utter BS that was the January jobs report.

By fast means of overview…

1) The rationale the U.S. financial system supposedly “added” 500,000+ jobs in January was as a consequence of an accounting gimmick, NOT as a result of these jobs have been really created.

2) The Bureau of Labor Statistics (BLS) overtly admits this, citing that with out its “inhabitants management impact” the financial system added… 84,000 jobs.

In the present day I’d like to speak to you a couple of completely different sort of financial BS… this time regarding inflation.

The prevailing delusion within the media is that inflation is coming down.

That is full and utter BS. The one information that has fallen has been in vitality costs (properly, that and used vehicles). And the explanation vitality has fallen is as a result of the Biden administration dumped over 250 MILLION barrels of oil within the final two years.

If you happen to don’t consider me, right here’s the information straight from the inflation report introduced yesterday. The place on this desk are there any unfavourable numbers (that means inflation is popping down) for the months of November and December exterior of vitality (and used vehicles)?

“Yeah Graham, however the tempo of inflation is slowing, it is a huge win!” some media stooges may be saying.

Let me be blunt right here…

The Fed raised charges from 0.25% to 4.75% in lower than a yr… whereas additionally draining $500 BILLION in liquidity from the system… and all it did was SLOW the tempo at which costs are nonetheless RISING?

And that may be a huge win?

Oh and by the best way, the BLS simply modified its methodology for the way it calculates inflation this yr for some odd motive (trace: political stress from the White Home). If we calculated January’s inflation numbers utilizing the methodology that was utilized in December (a mere 30 days earlier than) inflation can be rising at an annualized rated of…

9.6%.

WHOOPS!

Once more, the inflation downside is NOT going away. What’s taking place is that the federal government is spewing out full and utter BS and pretending that the BS is actuality.

It’s not. It’s BS. I do know it. it. And sure, they realize it… but it surely doesn’t look good for those who maintain spending trillions of {dollars} whereas inflation stays at a 40 yr excessive, does it?

And as soon as once more, probably the most disturbing side of all of that is that People are investing their hard-earned {dollars} primarily based on this BS.