Tag: prices

The Inflation Crisis Of 2022 Is Now Worse Than Anything That We Experienced During The 1970s

Tina Marie (Ms. Cat)

Most Americans don’t realize this, but we truly have entered historic territory. As you will see below, the inflation crisis of 2022 has now escalated to a level that is beyond anything that we experienced during the horrible Jimmy Carter era of the 1970s. If you are old enough to have been alive back then, you probably remember the constant headlines about inflation. And you also probably remember that it seemed like the impotent administration in power in Washington was powerless to do anything about it. In other words, it was a lot like what we are going through today. Unfortunately for us, this new economic crisis is still only in the very early chapters.

The Inflation Crisis Of 2022 Is Now Worse Than Anything That We Experienced During The 1970s

I Cannot Live on Tomorrow’s Bread

Tina Marie (Ms. Cat)

On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices.‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies – 1.8 and 2.8 percentage points higher than projected in … January’, the report noted. IMF Managing Director Kristalina Georgieva offered a sobering reflection on the data: ‘Inflation is reaching the highest levels seen in decades. Sharply higher prices for food and fertilizers put pressure on households worldwide – especially for the poorest. And we know that food crises can unleash social unrest’.

I Cannot Live on Tomorrow’s Bread

Related:

This Isn’t Putin’s Inflation

H/T: The New Dark Age

America Is Headed for Class Warfare + More

Tina Marie (Ms. Cat)

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.

America Is Headed for Class Warfare

Related:

“Workers aren’t getting bailed out like the billionaires”: Detroit workers livid over surging gas prices

“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices

Head To Your Local Gas Station or Supermarket To End the US Proxy War in Ukraine

Tina Marie (Ms. Cat)

Head To Your Local Gas Station or Supermarket To End the US Proxy War in Ukraine

To be clear the extraordinary 7.9% inflation increase predates the crisis in Ukraine although Joe Biden has attempted to blame it all on the thoroughly demonized Putin. But unless cause can come after effect, Joe has a tough argument to make there. However, it is clear that the war and the sanctions that go with it are accelerating inflation. (Today as this is written, the March figures for inflation were released showing consumer prices jumping to 8.5%, a 40 year high.)

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It is clear that the public is very likely to oppose US sanctions on Russia and US involvement in Ukraine IF either proves to drive up gas prices, food prices and other items in an accelerated inflationary spiral.

Our strategy should be to link the inflation with prolonging a war in a faraway land which has little to do with US security and risks a nuclear confrontation with Russia.

We should have rallies opposing ALL US involvement in Ukraine by tying them to gas prices, food prices, rents and other items.

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No weapons to Ukraine. No sanctions on the world. End the war and stop the inflation.

Nice idea, but good luck with it! The largest antiwar protests couldn’t even stop the Iraq War! 🤷🏼‍♀️