Consumer Price Index. Lies and more lies from your government!

Atlanta's Raphael Bostic listen up!!

The actual index of consumer prices hit a new record high this month - and is up over 18% since President Biden's term began.

When I took an economics degree from the University of Minnesota-Morris we would sit around, probably a few beers in the mix, and talk about how all of these statistics we were using were fabricated, manufactured, contrived, or engineered.  That was a long time ago.  Fast forward to the lies of 2024 and Biden's Administration of lies and more lies.

The Fed throwing around "core" numbers and "CPI" that adjusted for inflation is all just a bunch of misdirection.  Contrived numbers by government employees.  It's absolute nonsense. Just be honest.  Believe this.  You shop because you eat.  Do you think we have a 3.2% to 3.5% inflation rate?  Where I come from inflation is above 10%, probably more like 15% to 20%. 

Here is my take.  Inflation on most items has been well over 20% since Biden got into office.  There are 80,000 items and over 200 categories of products and services included in the CPI and most of them aren't necessities that people buy regularly.  The numbers dilute the reality of inflation that the majority of American consumers deal with.   

Ask anyone.  Ask any of my many friends who pay their bills and don't scab off the government tit.  

Look at interest rates, property taxes, insurance premiums, loan rates, grocery bills, and vacations.

It's all so dam convenient for the clowns in government to come up with a number for the American populace and EXCLUDE the increases in FOOD and ENERGY PRICES.  GMAFB............... 

Here is the blame game from the Biden crowd.

Putin's fault

It's transitory

Greedy oil companies

It certainly is not Biden

Packages shrink

Covid

Meat conglomerates

Trump

Then the complicit media ...."You get more legs when you're reporting something that's negative," President Biden said of Americans' pessimism about the economy."

I guess the $113,000,000,000.00 appropriated for "aid" to Ukraine (politicians) hasn't had a positive effect either.   

$34,000,000,000,000.00 in national debt, and the Senate just voted to spend another $95,000,000,000.00 overseas, $0.00 for America.

Tell me again, why do we pay taxes?

I don't consider myself a real estate investor but probably am.  I own 3 homes and a cabin in different states and different countries.   The way to play the game is real estate.  Residential real estate.  Here are the reasons why.

Key factors that are driving residential real estate growth:

1. increasing population (immigrants sucking up available rentals) 
2. increase in cash wealth
3. urban to suburban shift (thank you BLM, Antifa, shitty schools, etc.)
4. demand for personal household space
5. home office need
6. high potential for investor returns
7. new home supply scarcity  (Builders can't get financing)
8. build-to-rent sector increase
9. institutional investors buy-to-rent

Here is some more lies from the Biden Administration.  You can't make this stuff up!

On Monday, the White House confirmed that Biden won't receive a cognitive test in his upcoming physical, as White House doctor Kevin O'Connor says he believes Biden proves his cognitive ability "every day [in] how he operates and how he thinks," according to White House Press Secretary Karine Jean-Pierre.