Think higher prices are here to stay? Think again…
(by Half Dollar) Biden discussed many things in his latest so-called “Town Hall”, but since nothing can actually be discussed anymore, let’s start this Friday article off with a little numbers’ game for some good clean fun:
1.Cedar Point Amusement Park, arguably the best rollercoaster thrill ride park in the country, was JAM PACKED over the 4th of July Weekend.
2. Less than 1% (when rounding up) were wearing you-know-whats.
3. More than half of the rides/attractions/food stands/souvenir shops/etc were closed, so people were highly concentrated in high traffic areas.
4. That was two weeks ago.
5. Use pre-school level critical thinking skills to complete today’s numbers’ game.
Today’s numbers’ game was brought to you by the number 25, but enough with the wallowing in nothing less than the complete and total destruction of Freedom, Liberty, and America herself already, and let’s dive right into Biden’s triple-down on inflation, because, well, because it’s about the economy, and I’m pretty sure that’s something that we can still talk about.
I think.
But probably not for long.
Regardless, when asked about the transitory nature of inflation, which CNN’s Town Hall Host referred to as “temporary”, Biden said this (bold added for emphasis and commentary):
Look, here’s the deal. Moody’s today went out — Wall Street firm, not some liberal think-tank — said if we pass the other two things I’m trying to get done, we will, in fact, reduce inflation. Reduce inflation. Reduce inflation, because we’re going to be providing good opportunities and jobs for people who, in fact, are going to be reinvesting that money back in all the things we’re talking about, driving down prices, not raising prices.
And so it is — I sincerely mean this. Prices are up now, and they’re up — for example, you’re in a position where you’re trying to build a house, try to find 2x4s and lumber. Guess what? Well, people stopped working, cutting lumber, they stopped doing it because unemployment was so down. Now all of a sudden there’s this need because people are coming back, and guess what? Instead of paying 10 cents, you’re paying 20. You understand what I’m saying?
First of all, when translating Newspeak into plain old English, the opposite is true.
Secondly, does anybody else find it amazing that our “elected” “leaders” and public “servants” are still clinging to something that happened 18 months ago all the while lying about it just the same?
That is to say, they didn’t stop “cutting lumber” because “unemployment is down”, and I’m not even really sure what that means, but now all of the sudden there’s this need that came from out of the blue?
Well then, it’s a good thing that in addition to not building any new houses, nobody remodeled their houses, or built decks for relaxing, or added a home office, or expanded their outdoor living spaces, or did any of the things that would have required lumber over the course of the shutdowns and the lockdowns of the pandemic, because prices would really be surging!
Thirdly, I think I’ll stop there.
I would, after all, like to go into the weekend without the taste of vomit in my mouth.
In other news, the Cleveland Indians changed the name of its team, because apparently the word “Indian” is racist, but really, those baseball bats kinda-sorta look a whole heck of a lot like billy clubs, and that’s got to be, like, totally racist or something, so we’ll probably just have to get rid of baseball altogether.
Besides, there’s now only really enough room in our post-collapse “United” States for one professional sport, and it ain’t gonna be no stinkin’ baseball!
Good riddance!
A little less bread-n-circuses for the Brainwashed Masses, the Walmart Zombies and the Sheeple would do a little good anyway.
But I digress.
The bullish Chart Huggers better hope the charts don’t matter:
Because she lookie like a bear flag, and if the Cartel is known for one single thing, it’s known for taking out lows!
Let’s not get it twisted, however, because we are indeed close to the misery coming to an end:
Does silver still outperform gold to the downside (asking for a friend)?
Sorry, but I’m not certain the Cartel is done with us just yet:
Who’s really excited about $1800 gold, anyway?
Furthermore, I’m stuck trying to figure out why the Cartel is just going to pass up on this juicy opportunity:
Spoiler alert: If they can’t pass up on the juicy opportunity, they won’t.
Speaking of thrill rides, check out palladium:
How ’bout them multiple hundred dollar swings in only a matter of days?
Yikes!
Copper is up on the week:
Despite the current correction, copper is still up 27%, year-to-date.
Of course, Powell, Biden and their Propagandists will cherry-pick the data, as well as scapegoat:
It’s that pesky rise in the price of crude oil, you know!
Otherwise smart people have been commenting on the surge in volatility this week:
Uh, where, exactly?
Nonetheless, it was just the scare needed to surge to fresh, all-time record highs in the stock market:
Are you tired of winning yet, America?
I’d say we’re due for even more of a bounce in yield:
Because they’re really worried about silver, and they need any cover they can get.
People are already calling the top in the dollar:
I think we’ve still got room to run a little higher, but either way, up or down, the dollar is rapidly losing real value.
Thanks for reading.
Stack accordingly,
Paul “Half Dollar” Eberhart