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They Are Gaslighting Us! Nightmarish Inflation Is Already Here But The Fed Is Denying That It Even Exists

Michael Snyder
June 24th, 2021
The Economic Collapse Blog
Comments (20)

This article was originally published by Michael Snyder at The Economic Collapse Blog.

They would like us to believe that what we can see happening right in front of our eyes is not actually real.  Over the past year, our politicians in Washington have gone on the largest spending binge in U.S. history by a very wide margin, and the Federal Reserve has created the most enormous financial bubble of all time by pumping trillions upon trillions of fresh dollars into the financial markets.

Of course, this was going to cause very painful inflation, and prices are rising very aggressively all around us.  But Federal Reserve Chair Jerome Powell and other leaders in Washington are trying to convince us that even though they added all of this money to the system it has hardly affected the overall rate of inflation at all.  They are “gaslighting” us, and it is absolutely infuriating.

If you are not familiar with the term “gaslighting”, the following is how Wikipedia defines it…

Gaslighting is a form of psychological manipulation in which a person or a group covertly sows seeds of doubt in a targeted individual or group, making them question their own memory, perception, or judgement.

This is precisely what they are trying to do to all of us.  Everyone can see that nightmarish inflation is already here, but they are trying to manipulate us into thinking that it is not.

Just look at home prices.  Everyone needs a place to live, and existing home prices have risen 23.6 percent over the past year…

The median existing-home price rose 23.6% in May from a year earlier to $350,300, a record high, NAR said. The annual price appreciation was the strongest in data going back to 1999. Median sales prices have climbed sharply since rising above $300,000 for the first time last July.

At this point, homes are absolutely flying off the market.  In fact, the average time that a home stays on the market has hit a record low

Homes are selling quickly. The typical home that sold in May spent 17 days on the market, matching the record low reached in April, NAR said.

Buyers with limited cash for down payments are struggling the most to compete. Half of existing-home buyers in April who used mortgages put at least 20% down, according to a NAR survey.

But Federal Reserve Chair Jerome Powell insists that everything is just fine and that the Fed is perfectly capable of keeping inflation around 2 percent

“When Congress spends trillions of dollars and the Fed prints money, something’s got to give,” Rep. Mark Green (R., Tenn.) said. He asked Mr. Powell whether the price increases seen in recent months are “the start of something that could be as bad as the ‘70s,” when inflation reached double digits.

Mr. Powell said such a scenario is “very, very unlikely,” in part because the central bank “is strongly prepared to use its tools to keep us around 2% inflation.”

What an insane thing to say.

How can you claim that you are going to “keep us around 2% inflation” when inflation is already out of control?

As John Williams of shadowstats.com has documented, if honest numbers were being used the official rate of inflation would already be well into double digits.

Of course for certain categories we are now seeing triple digit inflation.  For instance, at one point in May the price of lumber was four times higher than it was at the same time last year

The price of lumber, which shot up to $1,600 per thousand board feet in May from $400 early last year, is making renovations more expensive – especially projects that involve kitchens cabinets, hardwood floors and additions that require framing.

But Powell just told Congress that he is not troubled by any of this

“If you look behind the headline and look at the categories where these prices are really going up, you’ll see that it tends to be areas that are directly affected by the reopening,” Mr. Powell said in a hearing before a House subcommittee. “That’s something that we’ll go through over a period. It will then be over. And it should not leave much of a mark on the ongoing inflation process.”

These days, Powell is definitely starting to sound a lot like Frank Drebin.

We are supposed to believe that nothing out of the ordinary is happening, but meanwhile the wholesale price of chicken wings has more than tripled

“The [wholesale] price of wings a year ago was as low as 98 cents,” per pound, Charlie Morrison, Chairman and CEO of Wingstop Restaurants Inc., told CNN Business. “Today, it’s at $3.22. So it’s a meaningful difference.”

Our leaders insist that this is perfectly normal.

Nothing to see here.

Please move along.

To me, one of the craziest examples of inflation in our economy is what is happening to used car prices.

At this point, some used vehicles are now selling for more than they sold for when they were brand new

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used. Then they’re selling it to consumers for more than $33,000.

Welcome to the wacky world of U.S. car and truck sales, where the pandemic and a global shortage of computer chips have pushed prices to record levels.

I was absolutely floored when I first read that.

We have never seen anything happen like this before in all of U.S. history.

But Fed officials are going to continue to tell you that everything is just fine in the months ahead even as economic conditions continue to go haywire all around us.

I warned that extremely painful inflation was coming in my last book, and I will be warning about it again in the new book that I will soon be releasing.

Our leaders consciously made the decision to flood the system with new money in a desperate attempt “to save the economy”, and they should just be honest with us about the consequences of that decision.

But instead, they are just going to keep trying to spin the truth for as long as they can.

Unfortunately for them, the clock is ticking, and time is not on their side.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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    Author: Michael Snyder
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    Date: June 24th, 2021
    Website: http://theeconomiccollapseblog.com/

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    20 Comments...

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    1. Genius says:

      If you know how to shop there are tons of great deals! Bought a brand new set of michelin 6 ply AT tires for my 1200 dollar yard sale truck for 400 bucks. Replaced the main window switch panel with a brand new one for 30 bux (600 at a dealer). Bought my own AC compressor and had it installed for 550 bux (1500 at a dealer). Bought about a hundred pounds of mylar sealed freeze dried food for 400 bux. Raviolios are 10 for 10 bux. Frozen chicken breasts (for my dog) are 3 pounds for 7 bux (way cheaper than dog treats and are real food). 295 watt brand new solar panels 100 bux each (when you buy a pallet), make a shitload of $$ on it! All kinds of deals and ways to save if you use yer brain!

      • Anonymous says:

        Yep, there are good deals out there, you have to pay attention and be smart. Personally I think this country, and by extension, the entire planet is in for a financial shocker unlike we’ve ever seen or read about.

    2. Andrea.Iravani. says:

      Institutional investors are buying up single family homes, because the stock and bond markets are massive bubbles and you really do not own anything tangible with stocks. The investors want the working stiffs to assume all of the risk and buy treasuries, bonds, and stocks, and the investor class wants tangible assets. This surge in investors buying single family homes has unsurprisingly led to a surge in construction, well, the investors arebuying the newly constructed homes as well, and this has led to price inflation in building materials. It is basic supply and demand. I wish that they would stop doing it, because it has also caused millenials to terrorize home owners to try to get them to sell their property, which has happened to me. I am being terrorized, tortured, falsely imprisoned, and illegally enslaved by the psychopaths, and the organized crime ring of InfraGard is using InfraGard for that purpose. They break in, steal, spy, stalk, and gas light! They do not recognize my constitutional rights, so I will not recognize their right to live. Death to the scumbags in the terrorist organized crime ring of InfraGard! They do not deserve homes, food, water, or oxygen! They do not deserve to live! They are psychopaths and the entire world would be better off if they died! Death to the
      surveillance state! MAGA! 

      Organized community stalking by InfraGard members:

      https://www.fightgangstalking.com/

      proof of illegal unconsented brain surgery illegally implanting micro-chips by Austin TX anesthesiologist Dr. John R. Hall:

      http://www.ICAACT.org/

      Andrea Iravani

    3. Andrea.Iravani. says:

      Institutional investors are buying up single family homes, because the stock and bond markets are massive bubbles and you really do not own anything tangible with stocks. The investors want the working stifs to assume all of the risk and buy treasuries, bonds, and stocks, and the investor class wants tangible assets. This surge in investors buying single family homes has unsurprisingly led to a surge in construction, well, the investors arebuying the newly constructed homes as well, and this has led to price inflation in building materials. It is basic supply and demand. I wish that they would stop doing it, because it has also caused millenials to terrorize home owners to try to get them to sell their property, which has happened to me. I am being terrorized, tortured, falsely imprisoned, and illegally enslaved by the psychopaths, and the organized crime ring of InfraGard is using InfraGard for that purpose. They break in, steal, spy, stalk, and gas light! They do not recognize my constitutional rights, so I will not recognize their right to live. Death to the scumbags in the terrorist organized crime ring of InfraGard! They do not deserve homes, food, water, or oxygen! They do not deserve to live! They are psychopaths and the entire world would be better off if they died!  Death to the 
      surveillance state! MAGA! 

      Organized community stalking by InfraGard members:

      https://www.fightgangstalking.com/

      proof of illegal unconsented brain surgery illegally implanting micro-chips by Austin TX anesthesiologist Dr. John R. Hall:

      http://www.ICAACT.org/

      Andrea Iravani

      hacked by the InfraTard again! Why don’t the InfraTards do this to all of the rental companies instead of me?

    4. Andrea.Iravani. says:

      Oh, and millenials parents are also doing it for their little mutant vermin that have no right to live! Let their parents give them their homes instead!

      Andrea Iravani

    5. Andrea.Iravani. says:

      Institutional investors are buying up single family homes, because the stock and bond markets are massive bubbles and you really do not own anything tangible with stocks. The investors want the working stifs to assume all of the risk and buy treasuries, bonds, and stocks, and the investor class wants tangible assets. This surge in investors buying single family homes has unsurprisingly led to a surge in construction, well, the investors are buying the newly constructed homes as well, and this has led to price inflation in building materials. It is basic supply and demand. I wish that they would stop doing it, because it has also caused millenials to terrorize home owners to try to get them to sell their property, which has happened to me. I am being terrorized, tortured, falsely imprisoned in my own home, and illegally enslaved by the psychopaths, and the organized crime ring of InfraGard is using InfraGard for that purpose. They break in, steal, spy, stalk, and gas light! They do not recognize my constitutional rights, so I will not recognize their right to live. Death to the scumbags in the terrorist organized crime ring of InfraGard! They do not deserve homes, food, water, or oxygen! They do not deserve to live! They are psychopaths and the entire world would be better off if they died!  Death to the 
      surveillance state! MAGA! 

      Organized community stalking by InfraGard members:

      https://www.fightgangstalking.com/

      proof of illegal unconsented brain surgery illegally implanting micro-chips by Austin TX anesthesiologist Dr. John R. Hall:

      http://www.ICAACT.org/

      Andrea Iravani

      hacked by the InfraTard again!

      • Andrea.Iravani. says:

        The most evil states in America are New York, Texas, and California. Those state in particular have set the policies that are the most anti-American and have destroyed liberty and justice and turned America into a lawless banana republic.

        New York is America’s financial center, responsible for the gross mismanagement of assets which have resulted in continuous boom bust cycles and bail put for billionaires and dinasoar companies that really have no right to exist and are kept on life support which has sacrificed the honest, the capable, and the competent, for the benefit of the corrupt, the incapable, and the incompetent.

        Texas is America’s energy head quarters and has sent us into war after war for oil for the benefit of the oil companies, in addition to the extreme foreign policy disasters and crimes against Iran and Venezuela. Texas has also thought that it should be able to seize private property that runs from the border with Canada all the way down to Texas through civil asset forfeiture, including Indian land for pipelines, in addition to the environmental destruction that goes along with it.

        California is America’s head-quarters for technology, which has turned America into a surveillance/slave state run by a den of serial killers, thieves, perverts, and retards and has totally destroyed all national security.

        We as a nation need to stop those states from destroying our country even further. 

        If it were not for those three states, 9/11, the scamdemic, the forever wars, and the continuous bail-outs would not have happened! 

        New York and California are also the Fake News capitols of America that has assisted in the destruction of Liberty, Justice, and has turned America into the collapsing, lawless, Banana Republic, freak show that it now is.

        They are rogue states. 

        Andrea Iravani

        This was the comment that I posted, not what was placed for the third time by the hacker in InfraTard, that will go to any lengths to attempt to discredit me!

    6. Andrea.Iravani. says:

      Businesses, academic institutions, and individuals really should immediately end all tieswith InfraGard which links all of those intitutions to the FBI and all intelligence agencies.

      Nobody needs to be a member of InfraGard in order to report crime or suspicious activity to the proper law enforcement agency, and despite InfraGard existing, with over 180,000 businesses as members, the fact that the Nashville Christmas bombing occured while Warner was parked in a camper in down town Nashville all night on Christmas eve in the business district, directly across the street from AT&T and the first person to alert police was a woman in an apartment that woke up in the morning and probably thought, what the fuck is a camper parked on the street in the business district on Christmas day for and called the police, is proof that InfraGard is a colossal flop, and 9/11 proves it is a collosal flop, all of the mass shootings prove it is a collosal flop, the Boston marathon bombing proved it was a colossal flop, the 1/6 staged fiasco organized by the FBI and police proves that it is a colossal flop, the scamdemic proves that it is a colossal flop, and so do so many other incidents. At&T has security guards and they even have cameras with street views that security guards are supposed to be monitoring
      for exactly that type of thing.

      So, it is obvious that InfraGard is an organized crime ring filled with predatory psychopaths on the hunt for vulnerable victims, because psychopaths are predators, and predators only choose vulnerable victims as a rule, and the predators are perverted freaks, thieves, retards, and serial killers, and all of the evidence proves it. You are not James Bonds, not by a long shot, you are more like perverted corrupt versions of Maxwell Smart and Inspector Cluseau. You are making absolute asses out of yourselves. Your lifestyles are cri,es against humanity.

      Leave InfraGard or be considered the scum of the earth!

      I will not respect the lives of those who will not respect my constituional rights. Death to the Surveillance State! MAGA!

      I do not care if you are assassinated by a Chinese or AI drone,
      “vaccines”, vault7 hacking tools that make your home or car explode while you are in it, a drive by shooting, or get run over by a truck. You have absolutely no sense of right and wrong and are completely without consciences, which is standard for psychopaths. The entire world would be better off if you died, because you are predators that have absolutely no respect for people’s constitutional rights, which is also standard psychopathic philosophy. You prey on the weak and the vulnerable. You are evil monsters, and all of the evidence proves it! All of the ebidence proves that you are Peeping Toms, thieves, retards, and serial killers! Do the world a favor and kill yourselves! You are not serving anyone but yourselves and all of the evidence proves it! If you are so God damned fucking retarded to spy on people just to do your job, then you are obviously just too God damned fucking retarded to do your job! You illegally enslave people by spying on them because you are lazy, retarded, and perverted! You do not deserve to live! You are low life, low IQ losers! You are scum! You are evil, destructive parasites! You are the invisible enemy! You are disgusting and grotesque monsters! What you are doing is also
      100% illegal, which is why none of you come right out and admit it in plain English, in addition to the fact that everyone would know what useless, worthless, wretched scum you are if you did! Your crimes are unforgiveable! You are sick as hell!

      Andrea Iravani

    7. Anonymous says:

      The rate of inflation is determined by how you measure it.

      If it gets too high, or low for that matter, just change the parameters you use to measure it and everything is fine again.

      I don’t know why somebody doesn’t think to do this and just avoid the problem altogether.

    8. Jocko says:

      That nightmarish inflation is also causing shortages or everything everywhere. Just go to the grocery store and look at the empty sections of shelves.

    9. 1953 says:

      Brought to you by THE REPTILIAIN OVERLORDS.
      And as their saying goes.
      WE DO NOT HAVE YOUR BEST INTEREST IN MIND ……

    10. Anonymous says:

      The hidden truth is the powers that be KNOW something big is about to happen and it will probably wipe out the world as we know it and so they could care less about spending. Think POLE shift!

      The earth has moved allot and is moving at a faster axial shift.
      I had to realign my solar panels because of it,

    11. Jim in Va.. says:

      Apparently those in govt. don’t go shopping for anything…gas, food or otherwise….

      • Jocko says:

        The government doesn’t care about inflation, they have your money and printing presses to pay for their needs. They have also taken food and fuel off the consumer price index in the hope you don’t notice, which only shows how stupid the government is, as you notice every time you go to the grocery store or gas station!

    12. Andrea.Iravani. says:

      So much for Xi Jin Ping cracking down on corruption like he claimed that he would do! As usual, he increased it! China’s new racket for explaining away mountains of disappearing Yuan is now a carbon nano-tube space ladder that runs from Earth to Mars that will supposedely be used to launch people and supplies to Mars by 2033. If you are stupid enough to believe that, you are the perfect Chinese citizen! 

      Why it would be impossible

      1.) Earth and Mars are not always the same distance from each other.

      2.) Nothing can fit in a nano-tube that would be considered supplies other than oxygen.

      3.) A nano-tube space ladder from Earth to Mars would be destroyed by atmospheric conditions in space.

      So those are just three of the most obvious reasons, first they will probably vaporize people with radiation and naturally they would die, and the family would be told that they were sent to Mars throgh a carbon nano-tube space ladder, and naturally, nobody would be able to see this carbon nano-tube space ladder, because it would be nano sized, so you will just have to take their word that it exists, and that people and supplies are being sent to Mars through it, like you just have to take their word for it that covid-19 exists.

      Andrea Iravani

    13. Oh yeah, I see what it is and how it is affecting us. I see it every time I go the gorcey store, the gas station, the book store, you name it, it’s there. For somebody in government to tell you / us that there isn’t any inflation is either have his / their head up someplace or is totally stupid themselves or is or wants to be in a controlling situation.

    14. Anonymous says:

      Printer go BRRRRRRRRRRRRRRRRRRR!!
      Get some gold and silver in your pocession to protect yourself and a six month supply of food!

    15. Andrea.Iravani. says:

      Look at the way that the FBI lures business owners in and the absurd claims that they make:

      APNews Reported:

      “This training is being provided by two organizations that specialize in helping businesses develop their cybersecurity skills and knowledge: InfraGard San Diego and (ISC)². InfraGard San Diego is a nonprofit organization affiliated with the Federal Bureau of Investigation (FBI) dedicated to the protection of critical infrastructure and the American people. (ISC)² is an international, nonprofit membership association for information security leaders.”

      What InfraGard told people as reported by APNews:
      “Public/private partnerships are essential to mitigating cyber threats, especially for small and medium-sized businesses that typically have fewer resources,” said Sandy Moul, president, InfraGard San Diego. “Our collaboration with WSJ Pro will provide attendees with the actionable information and resources they need to strengthen organizational cybersecurity. The InfraGard sessions feature nationally recognized cyber leaders and a rare opportunity to hear from the premier government and law enforcement agencies on the front lines of fighting cyber crime.” 

      “About (ISC)²(ISC)² has more than 138,000 certified members and empowers professionals who touch every aspect of information security. It offers globally recognized information security certifications, professional development and leadership tools. (ISC)² is also committed to educating the general public through our support of The Center for Cyber Safety and Education.”

      https://apnews.com/46a7d95388ad18e6265f0657621873df

      Don’t Fall For It! They Are the National Security Threat and 
      “Russian Hackers”! 

      They are dumber than a box of rocks!

      Washington Post reported:

      The folks at the hacker group LulzSec were busy this weekend, breaching files at an FBI affiliate based in Atlanta, Ga. and a smaller attack on Nintendo.

      “It has come to our unfortunate attention that NATO and our good friend Barrack Osama-Llama 24th-century Obama have recently upped the stakes with regard to hacking.They now treat hacking as an act of war,” the group wrote in a statement. “So, we just hacked an FBI affiliated website (Infragard, specifically the Atlanta chapter) and leaked its user base.” – LulzSecurity Motto Laughing at your security since 2011

      https://www.washingtonpost.com/blogs/faster-forward/post/lulzsec-hackers-target-fbi-affiliate-nintendo/2011/06/06/AGNpNDKH_blog.html

      Of course, they are not protecting “critical infrastructure” at all, because even though they have access to computers that can compute
      200 quadrillion computations per second, we still have regular security breaches of critical infrastructure! Government, banking, social media, internet, retail corporations, insurers, health care providers, energy companies, even MicroSoft have reported security breaches by hackers! 

      First they ask tech companies for a backdoor into the technology which makes everyone that uses it vulnerable, and then they want to walk in through the front door by getting businesses to join InfraGard! It appears to be a shakedown, and they apparently will not stop terrorizing and extorting until everyone has nothing left, including their health! 

      Wikispooks reported:

      InfraGard is a non-profit, public-private partnership between the FBI and private businesses. The organization is an information/intelligence sharing and analysis effort serving the interests, and combining the knowledge base of, a wide range of private sector and government members; among them academic institutions, state and local law enforcement agencies.

      Full article: Anti-vaxxers
      Analysis by InfraGard in 2019 has pointed out that America’s “anti-vaxxer movement” would pose a threat to national security in the event of a “pandemic with a novel organism” and warned the US anti-vaccine movement would also be connected with “social media misinformation and propaganda campaigns” orchestrated by the Russian government.[2][3]

      https://wikispooks.com/wiki/InfraGard

      It is an organized crime ring and terrorist cult! It is the corrupt establishment! 

      Apparently, because of the attack on my life, family members, and my property, InfraGard is outraged that there is such a thing as a woman with a mind of her own! I am not going to destroy my reputation in order to save yours, and even if I was stupid enough to spew your establishment BS, everyone knows that it is complete BS anyways! Turning an honest person into a pathological liar will not save your sorry asses, and it sure as hell won’t help me either! That makes InfraGard worse than the Taliban! Everyone in the entire world knows full well how corrupt the government and the establishment are! Even children know it! It is not a secret! It is right out in the open like a giant steaming pile of shit the size of the Pyramid of Giza for everyone in the world to see! 

      I know the law, and I know my rights, and I know that InfraGard’s violations of my constitutional rights is totally illegal and evil, which is why they refuse to admit that they have been violating my rights! Why in the hell would I want anything to do with serial criminal psychopaths that have committed a crime spree on my life by violating my constitutional rights?!

      Apparently, when you join InfraGard, you are no longer under
      “pre-crime surveillance” and you become a criminal!

      Andrea Iravani

    16. cranerigger says:

      Be your own arbiter of truth. Don’t allow “fact checkers” to deny reality you can see every day. The LIARS ON THE LEFT have taken over propaganda machines & higher education to promote an alternate reality.

      Who believes you can endlessly print money with NO repercussions. Many people in D.C. canNOT reconcile a checkbook, yet they control the nation’s purse.
      http://www.pagetutor.com/trillion/index.html

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