Free Thinker Radio (5/12/22): The Inflation and Food Price Manipulation is Here

Derrick and Micah are back for another episode of Free Thinker Radio on 90.1 KPFT Houston and The Conscious Resistance Network. Free Thinker Radio is your home for uncensored news and underground music since 2011.

Sources:
Pull the Plug on the Disinformation Governance Board – WSJ
https://archive.ph/fUvJi

EU votes to extend vaccine passes until at least summer 2023
https://reclaimthenet.org/eu-votes-to-extend-vaccine-passes-until-at-least-summer-2023/

Most troops kicked out received general discharges over COVID vax refusal (nypost.com)

Of 3,400 troops who’ve been involuntarily separated from service for refusing to get the COVID-19 vaccine, about 70 percent have received general discharges, service personnel chiefs said Wednesday. That characterization secures their veterans benefits and, in many cases, allows them to rejoin the military if they decide to get vaccinated. The remaining discharges have been honorable, officials told lawmakers during a Senate Armed Services Committee hearing, though they did not provide details explaining the reasoning behind choosing one characterization or the other.

Gas, Inflation, Food Prices Going UP

Gas Prices Hit New All-Time High in U.S.

The national average price for regular gasoline jumped to a new all-time high of $4.37 a gallon on Tuesday (May 10), breaking the previous record set in March by four cents, according to AAA.

The new record, which isn’t adjusted for inflation, comes as rising prices put pressure on the Biden administration to help consumers. Diesel prices also hit a new high of $5.50 a gallon.

President Biden is expected to announce a new plan on Tuesday aimed at helping Americans mitigate the costs of inflation.

https://www.axios.com/2022/05/10/gas-prices-hit-new-all-time-high ​​​​​​​

White House will host first food insecurity conference in 50 years – CNNPolitics

Inflation, higher prices and demand squeeze food banks to dangerous levels – CNNPolitics
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The Inflation Draining Your Wallet Is A Whole Lot Steeper Than 8 Percent (thefederalist.com)

Labor Department’s March inflation numbers rocketed past February’s, w/ a 12-month increase of 8.5 percent  the steepest annual increase since 1981. That’s no small figure, but most people who pay attention know the inflation they encounter at the grocery store checkout, the gas pump, the car lot, and the leasing office is far higher than that.

According to the Bureau of Labor Statistics (BLS), in the average U.S. city, ground beef is up 14.9 percent since last March, boneless stew beef is up 24.3 percent, bacon is up 23.1 percent, boneless chicken breasts are up 17.6 percent, eggs are up 25.9 percent, milk is up 17 percent, frozen orange juice concentrate is up 18 percent, and ground coffee is up 15.8 percent. Meanwhile, fuel oil has jumped a whopping 71.5 percent, and utility gas is up 23.3 percent.

Many of these urban numbers don’t even capture how steeply prices have risen for middle America, however. In the Midwest, ground beef has risen 24.5 percent, almost 10 percentage points more than the urban average.

While BLS breaks down beef products into ground beef, steaks, stew beef, etc., its “all other uncooked beef” category shows a drastic 38.2 percent jump in the Midwest, compared to a still-high rise of 25.4 percent in cities. The inflation of the price of bacon in the Midwest is 3 percentage points higher than in cities, while for boneless ham it’s more than 15 percentage points higher. The price of boneless chicken breasts in the Midwest jumped by 31.2 percent, compared to 17.6 in U.S. cities.

In all likelihood, these prices aren’t done climbing. Investment firm Evercore ISI projected the price of chicken breasts to jump at a year-over-year rate of up to 70 percent in the first half of 2022, with beef and pork prices rising 20 percent.

So when you hear “8 percent inflation”  but feel certain your costs are rising at a higher rate, you’re not crazy — you’re just feeling the very real consequences of inflationary policies that Washington types are happy to brush off.

According to a Redfin analysis, February saw a 15 percent year-over-year increase in asking rent, and a 31 percent jump in the national homebuyers’ median monthly mortgage rate. Americans in the market to buy used vehicles have also seen a far higher price spike than the overall inflation rate in the past year, at a whopping 41.2 percent as reported in March.

At the same time, wages can’t keep pace with rising expenses, meaning currently these policies are skimming off the top of Americans’ paychecks — to the tune of around $4,200 in annual depreciation of the average salary’s worth.

AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season

https://www.insurancejournal.com/news/national/2022/05/09/666797.htm

 

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