Last month in the middle of the surreal “Bidenomics” hype I published an article titled ‘Nothing Is Over: Inflation Is About To Come Back With A Vengeance.’ I outlined the misconceptions surrounding CPI and how it is not an accurate model for the effects of inflation. I also noted that the index had been manipulated downwards by Joe Biden as he flooded the market with oil from the strategic reserves. Because so many elements of the CPI are connected to energy, Biden had created an artificial drop in CPI using this strategy.
I argued that as the strategic reserves ran out and Biden lost his leverage, CPI would rise again and prices on a number of necessities would climb. This is happening now, with the biggest jump in CPI in 14 months and gas prices clawing back towards all-time highs.
Inflation is not going away anytime soon, but the bigger issue at hand is who benefits most from inflation and rising prices? The answer might be obvious to some but many people are oblivious to the root cause of inflationary dysfunction and often see it as a consequence of random economic chaos rather than a product of clever engineering. The truth is, banking oligarchs and political authorities revel in the inflationary tidal wave because it is a perfect opportunity to institute far reaching socialist controls over resources.
In most cases central bankers are the primary culprits behind the creation of an inflationary event, and the word “creation” best applies because it is nearly impossible for overt inflation to occur without them. While money supply is not the only factor when dealing with inflation (sorry purists, but there are indeed other causes), it is the most important…
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