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  • U.S. inflation has hit its highest level in over 40 years

    From globalnews.ca

    Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. The Labor Department said Tuesday that its consumer price index jumped 8.5 per cent in March from 12 months earlier – the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia’s war against Ukraine. The government’s report also showed ... (full story)

And real hourly wages has dropped for 12th straight months now! Yet, the CEOs and other elites continue to siphon of billions for themselves!

What's wrong with the world? Globalism, fascism, corporatism....whatever one wishes to call it.....is nothing more than glorified communism. Welcome to the growing reign of the global comrades by the global Putins.
And real hourly wages has dropped for 12th straight months now! Yet, the CEOs and other elites continue to siphon of billions for themselves!

I notice your post has been censored by the FF for daring to state views contrary to those held by the censor and his acolytes.

The UK has had rising prices in most things for several years. And, like you have alluded to, wages I the UK have failed to keep up.
every Saint has a past. Every Sinner has a Future
Absolutely with the cost of everything rising (some of which has risen way above the alice in wonderland CPI). I haven't looked at it recently but the velocity of money must be now practically none existant.
The elites think we are stupid. They are in the main quite correct.
What's crazier is inflation realistically speaking is probably closer to 20-25%. Even these bonuses or addon to wages are 3-10%. Your literal raise is non-existent but alas the system never fails............those with resources.
The markets are like water it ebbs and flows.
  •  Guest
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Two months ago I got a 2.00 raise only to find out 2 weeks ago they're closing the project to cut costs. Today, I got a letter from my rental agency they're raising my rent 25%.

All that stimulus caused maximum corporate greed.
Quoting Guest
Two months ago I got a 2.00 raise only to find out 2 weeks ago they're closing the project to cut costs. Today, I got a letter from my rental agency they're raising my rent 25%. All that stimulus caused maximum corporate greed.

Perfect example . It's a wicked backwards system.
The markets are like water it ebbs and flows.
  •  Guest
  • | IP XXX.XXX.53.37
So this is the overshoot they wanted ...... well done!
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