Get Beyond the Gaslighting: Media Now Falsely Claim Biden Admin. Underestim. Economic Impact of Russian Sanctions

The people behind Joe Biden knew their radical transformation of energy policy was going to create massive economic damage.

The people behind Biden used the opportunity of the Ukraine-Russia conflict to trigger economic sanctions they knew would worsen the global inflation damage they were creating through energy policy.

~snip~

The conservative pundits are a combination of pretending and too stupid to actually see what is happening.

BLOOMBERG – […] There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine.

But the collateral damage from the sanctions has been wider than expected.

~snip~ Bloomberg article continued...

So while Ukrainian President Volodymyr Zelenskiy has urged US businesses to cease operations in Russia, telling a joint session of Congress that the Russian market was “flooded with our blood,’’ the Biden administration has been encouraging some commerce, including for agriculture, medicine and telecommunications. For instance, the US government is quietly encouraging agricultural and shipping companies to buy and carry more Russian fertilizer, according to people familiar with the efforts, as sanctions fears have led to a sharp drop in supplies, pressuring food costs. (read more)

We knew that they knew they were lying. As does Sundance. (author of OP)

I am tired and weary of the bullshit from every side of the political continuum -particularly the professionally republican idiots- that continue to hide the reality of the situation. We are adults, let us talk honestly in the framework of reality; that will allow prudent preparation for the massive crisis we are about to experience.

Then Sundance goes on to explain his previous economic predictions - which turned true - and goes on to give us some light as to what to expect. I question some of his dollar amounts, but not so much his percentage of price increase, generally speaking.

While we still need a little more data to make the best possible prediction for the next 120-day forecast, I am relatively certain we can give an advanced estimate today.

A current shopping cart of traditional staple items at the supermarket (full basket) is roughly $300 representing about a $75 increase in price since early January 2022. The $300 typical basket is essentially enough product to create 10 days of multiple purpose meals for the average family (4 people).

Using that $300 basket as the new baseline, I can predict the next wave of price increases will drive that single basket cost to $500 by late fall. This is the scale of inbound inflation that is going to arrive at approximately the same time as the mid-term election.

As you can tell, the next wave of price increases is significantly larger than the two that preceded it. The $300 shopping cart is going to cost around $500 when all of the increased costs are fully matriculated in the retail supply chain. This is the scale of food store inflation you should be preparing for now. Offsetting this cost increase is the challenge you should be considering right now.

https://theconservativetreehouse.com/blog/2022/06/15/get-beyond-the-gaslighting-media-now-falsely-claim-biden-administration-underestimated-negative-u-s-economic-impact-from-russian-sanctions/#more-234144

$300 sounds like an exorbitant amount to spend on 10 days' worth or groceries. Do you know of anyone, including yourselves, who average that amount - percentage-wise, or are feeding a family of four? (I bet my daughter does, who swears she doesn't buy convenience foods. I've seen her pantry.)

So, two things going on here:

1. Biden and Co., along w/Pubbies who are no better - flat LYING - oh, say it ain't so! - about the economy. (Like that was hard to tell.) But then regretting the sanctions wholeheartedly, all the while telling farmers, etc., to ignore them. What a mess.

2. The rate of inflation that we all best pay close attention to.
This may sound silly, but this morning, as I was doing the dishes, at first threw away a freezer bag that we normally wash and reuse. Then inflation hit my conscience, and the angel on my right shoulder told me I best go pull it back out. I did.

I'd like to know what you guys think of that grocery bill. Along w/the rest of the article, of course.

If you buy expensive cuts of meat, or just a lot of cheap meat, you'll spend $300 for a family of 4 easily.
Grocery prices have risen insanely. Lots of items have gone up 50 cents each.

HawkTheSlayer wrote:If you buy expensive cuts of meat, or just a lot of cheap meat, you'll spend $300 for a family of 4 easily.
Grocery prices have risen insanely.  Lots of items have gone up 50 cents each.

Talked to the daughter in OK this a.m. Around $800/mo. Thing is, one of her kids is HIGHLY allergic to gluten, so, although they live in a lower cost-of-living area, the gluten-free is part of it. Could be some of the meat cuts we had were due to having company, and not an every day affair.

Thanks for the reply, though. Gives me an indicator.

"Underestimated the Russian sanctions impact", that's a great one! I think that the impact on the American economy was deliberate as part of the "great reset".

50 cents?

Some items I buy have almost doubled.

We haven't seen anything yet . The pro Biden Marxist budget people are saying prices went up 8.5 % this qtr but we all see through the smoke and mirrors that its closer to 20% . The summer will be brutal and pricing will go up 50% with package shrinkage on top of that . The bigger problem will be that it won't go back and we better get used to eating the ends of a loaf of bread . The whole problem , 100% of the problem, is the fuel shortage and disgust that the communist have put in Americas head . We said it was a possibility when Venezuela went this way and here it is .
You want a solution ! Tomorrow get a gun and show up in front of every democrats home and demand they come outside . It is the only answer because we allowed this circus to go on for too long .
Than , and only than , will this country return to what our parents and grandparents envisioned for us . We got greedy .

First, I see the author takes the typical RINO position of acquitting Xiden for the Russia sanctions. Claiming they were needed "to prevent Russia from doing to others what it did to Ukraine."

The facts coming out, and they are, shows that what Russia did was meet, just and righteous. Fauci and his merry band of imbeciles WERE running bio-weapons labs, in Ukraine close to the border. One of their pet projects was...infected mosquitoes. Imagine that.

To be able to DO this stuff, Biden's past superior and current puppetmaster, the Brown Clown, did a Color Revolution in Ukraine, putting that imbecile actor in office. And probably allowing, maybe even assisting, the Azov neo-Nazis to gain control of the region.

Putin did what he had to for his nation; and did the world a favor. If the Biden criminals and the puppet-Cabinet all wind up in nooses after a Hague show-trial, it will be only justice.

To the other: I have been predicting this sort of runaway inflation since 2008. Money-printer go brrr; and prices explode. Not immediately - people forget that before Wiemar Germany's hyperinflation, they had 8 years of insane printing of money - to pay the unpayable war reparations. It just took eight years for that seignorage to leak from the recipients, through the international banks, and back to Germany. When it did, it blew up. Just as it is with us, now.

In our case, the printed money went from the Fed to member banks, who bought stawks. And paid themselves commissions on activity on their House accounts.

Stawk prices exploded - suddenly there was such high demand for stawks. That price-inflation helped existing shareholders - many of them individuals, well-off and older.

They did what older people do. They sold their stawks, and many died. That money, from those sales, leaked into the economy.

MEANTIME, Chy-Nuh sells us all this crap. The Chin who get paid, are not the Chin making the stuff. They are the Chinese versions of oligarchs - mostly connected to the Party. We buy; the oligarchs there make huge money; the line-workers there make a few pennies, before going nuts and killing themselves on the shop floors.

The Chin cannot invest money. It's illegal - all corporations are owned by the State or the Party. Stocks are not an investment there.

LAND is. That's why Ghost Cities - they were never designed to be lived in. They're designed to be SOLD - condos and homes, even whole buildings, sold.

Not as income properties - as Bitcoin. Buy it to sell it to someone else later for moar money. That's the only way to invest.

Except the oligarchs can buy land abroad, too. Like they did in Vancouver and Toronto. Now in California. California cities are like Escape-From-New-York, now, and lifelong residents are fleeing.

Faceless buyers represented by agents, are buying. For YUUGE amounts. These soon-to-be ex-Californians are taking the money, often in millions of dollars, and running.

Running here, among other places. No prospects, but truckloads of money. They buy here, and like their Chinese buyers in California, they care nothing for price. They offer over list to close the deal quick.

That's pushing housing prices WAY up, here. Money-printer-go-brrr; took 14 years, but the money has hit Main Street, and worked from Acme Widget to China, to oligarchs, to California agent-buyers, to Californicators fleeing, to little old Missoula.

Many of the selling property owners here, become renters. For a time, they tell themselves. It's turning out to be a long time; and the demand for rental property is exploding. So are property taxes - our city government is from California, too, most of them; and they LUUUV them some high property taxes.

So that's inflation in action. The other...is the Bidet looters, taking apart the food-distribution network. From crops and cows, to warehouses that DNC-ANTIFA are burning down, to no-fertilizer, thanks to Warren Buffet (owns the BNSF Railroad outright) and Larry Fink (Black Crock, his company, is the majority shareholder in the Union Pacific).

This is Depopulation in action, and the first step is shortages. Shortages drive prices higher.

Joe Pantload and Little-Girl-Hunter, belong ON THE GALLOWS.

Casey Jones wrote:First, I see the author takes the typical RINO position of acquitting Xiden for the Russia sanctions.  Claiming they were needed "to prevent Russia from doing to others what it did to Ukraine."

The facts coming out, and they are, shows that what Russia did was meet, just and righteous.  Fauci and his merry band of imbeciles WERE running bio-weapons labs, in Ukraine close to the border.  One of their pet projects was...infected mosquitoes.  Imagine that.

To be able to DO this stuff, Biden's past superior and current puppetmaster, the Brown Clown, did a Color Revolution in Ukraine, putting that imbecile actor in office.  And probably allowing, maybe even assisting, the Azov neo-Nazis to gain control of the region.

Putin did what he had to for his nation; and did the world a favor.  If the Biden criminals and the puppet-Cabinet all wind up in nooses after a Hague show-trial, it will be only justice.

@Casey Jones, the part I emboldened is NOT 'Sundance's', (author), words; they're Bloomberg's, who Sundance quoted, saying THAT is what he is sick to death of hearing from the stinking RINO's.  
Maybe if you read the article from the link, it would be clearer.

The fact is that things are bad and getting worse. The fact that as a society we have allowed the tail to wag the dog, shows how tolerant and anti-violent the "silent majority" is. Unfortunately, non-violence is seen as weakness by those (the Democrats), who want to push the "great reset" on America.

I feel for the poor and those living paycheck to paycheck with children to support because just supporting them is tough and getting tougher. I don't think we've seen the peak of empty shelves, shortages, unemployment, etc.

This is all setting up for the anti-Christ and government (aka the Democrats), to swoop in and "fix" things...

RV wrote:The fact is that things are bad and getting worse. The fact that as a society we have allowed the tail to wag the dog, shows how tolerant and anti-violent the "silent majority" is. Unfortunately, non-violence is seen as weakness by those (the Democrats), who want to push the "great reset" on America.

I feel for the poor and those living paycheck to paycheck with children to support because just supporting them is tough and getting tougher. I don't think we've seen the peak of empty shelves, shortages, unemployment, etc.

This is all setting up for the anti-Christ and government (aka the Democrats), to swoop in and "fix" things...

It's setting up for sure.
I've seen once , rich , doctors running for the Senate and winning, only to fleece the voters who thought a doctor in the Senate would be better than a lawyer. 

Lol. Then along comes Beavis(Bill Cassidy) R,  who completes his first six year term with little fanfare and gets reelected. Then,  less than one year into his 2nd term votes to impeach President Trump not once but twice! 

If you ever watch cspan,  Cassidy' s tongue has stimulated McConnell's asshole repeatedly.  

But we have to put up with this traitor for at least 4 more years. Every time you see a gop'er siding with a democrat, you'll find cassidy. 

After 12 years,  hell just move on to pharma, k-street where the rewards are the greatest.