from CNBC Television
How Trump’s Promise to Take On Inflation Could Hit Your Wallet
by Brad Smith
Yahoo! Finance
In his inauguration speech, President Trump vowed his Cabinet will defeat inflation by using “the vast powers at their disposal.” How should Americans expect the administration’s economic policies to affect their personal finances as they work to bring down their own debt?
“At the end of the day, there’s just these personal finance pillars that are important for everybody, no matter who’s in office, no matter what inflation rates are doing, no matter what wages are doing,” Ramsey Solutions master financial coach and debt elimination expert Jade Warshaw discusses with Brad Smith.
“It’s important to be a good steward of the money that you have and your… personal purview. And that really just looks like being a person who’s always on a budget. That’s part of how you handle money.”
Economists: Why a Trump Presidency Could Lead to “Hyperinflation”
by Billy Duberstein
NASDAQ
According to a recent ABC/Ipsos poll, voters currently see the economy and inflation as the most important issues. The economy is usually top-of-mind in most elections, but having been through the roller coaster of the COVID-19 pandemic and its aftermath, it’s especially prominent this election cycle.
The United States’ recovery from the pandemic has actually been far better than all other G7 countries, with U.S. gross domestic product (GDP) growth the best of the bunch while having the third-lowest unemployment rate and a stock market that just hit an all-time high. And yet, despite this good growth and jobs picture, only 23% of Americans rate the economy as “excellent” or “good,” with 36% believing it’s “poor” and 41% saying it’s only “fair,” according to the Pew Research Center.
A Trump Address Thin On Inflation, Big On Promises
The 47th president skipped out on ‘carnage’ but still painted a dark image of the America he’s inheriting and swearing he’ll save.
by Olivier Knox
USNews.com
After an election in which anger over inflation helped sweep him back to the White House, President Donald Trump devoted relatively little time to the cost of living in his inaugural address on Monday, while promising a whole-of-government war on illegal immigration.
– “From this moment on, America’s decline is over,” Trump declared in the Capitol Rotunda, surrounded by a sea of VIPs, lawmakers and Cabinet picks. “We will begin the complete restoration of America and the revolution of common sense.”
He made no mention of the Jan. 6, 2021, rioters to whom he repeatedly promised clemency on the campaign trail. Or of his plans to repudiate birthright citizenship, setting up a legal battle that almost certainly will reach the Supreme Court. Ukraine? He did not utter the name.
Too Few Appreciate the Dangers of Our Fraudulent Money System
Chris discusses the fraudulent nature of the monetary system, focusing on inflation as a hidden tax, its impact on society, and the role of government and financial institutions.
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
We have a money problem, because our system of money is fraudulent.
Fraud
The act of intentionally deceiving someone to obtain a benefit, such as money, property, or services.
In our elected system of government, the way it’s supposed to work is that if or when your elected officials deem it necessary and in the national interest to take some of your money so they can spend it on something, they have to tax it.
A law has to be written, debated and then passed. Over time, the US tax laws have morphed into a colossal pile of impossibly complex code, usually penned not by actual Congressmen, but by special interest lobbyists.
Demand Helped Cause Inflation, but Price Pressure From Stimulus Was Worth Growth
by Ian Hanchett
Breitbart.com
During an interview with Bloomberg aired on Thursday’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein stated that “strong demand” did help cause inflation and he accepts that the upward pressure on prices from COVID stimulus was worth it, but inflation was about the same in every G7 country, “and they all had different fiscal and monetary policies. So, I think it’s a mistake to assign too much of that increase to fiscal policy. And I think the Republican argument is fundamentally undermined by that international comparison.”
Bernstein said, “The president realized, quickly, that it was snarled supply chains that helped cause that inflationary spike, in part, along with strong demand. And unsnarling those chains was going to be really important. But the thing that the president recognized was that we also have to worry about costs, the price level, not just inflation. And that’s why, starting shortly after that peak, we started talking about what we were doing to lower costs.”
On the Road to Hyperinflation (Gold and Silver) – Daryl Montgomery
Montgomery’s concerns about hyperinflation and his recommends to invest in gold and silver.
by PR
Jerusalem Post
In a recent interview with Natural Resource Stocks, gold and silver expert Daryl Montgomery warned of a potential hyperinflationary event in the United States. Montgomery’s comments come as the U.S. economy continues to grapple with rising inflation and a growing national debt.
“We are on the road to hyperinflation,” Montgomery said. “The government is printing money at an alarming rate, and the national debt is out of control. This is a recipe for disaster.”
Montgomery also warned that the current economic situation is fragile and could easily lead to a recession. He pointed to the rising cost of living, the war in Ukraine, and the ongoing supply chain disruptions as factors that could trigger a downturn.
All the Data Confirms Stagflation
by SchiffGold.com
LewRockwell.com
On Wednesday, Peter marked his return to the Peter Schiff Show studio. He tackles the most recent batch of 2025 economic data, highlights inflation signals in commodity prices, and comments on President Biden’s legacy as his term comes to a close. Donald Trump is set to take the reins on Monday, and Peter also analyzes the latest from the president-elect.
To start the show, Peter praises Trump for what appears to be a behind-closed-doors negotiation of a ceasefire between Israel and Hamas. Despite his strengths, Trump is unlikely to solve America’s economic troubles:
CPI Triggers Bond Rally, Disclosure Season is Here
Bond markets rallied unexpectedly following the CPI release, while disclosure season heats up with pivotal insights into inflation, banking trends, and shifting global confidence in the dollar and gold.
by Dave Fairtex
Chris Martenson’s Peak Prosperity
Consumer Economy
Retail Sales (RSAFS); $729B +3.3B (+0.45% m/m)
Industrial Production (INDPRO); +0.91% m/m
Producer Prices (PPIACO); +0.16% m/m
CPI All Urban (CPIAUCSL); +0.39% m/m
Retail Sales made a new all-time high, and it may be keeping up with inflation. Industrial production jumped higher – but it is not at a new all-time high. Still, the move is a positive sign, and not recessionary.
Producer prices (the old index, not the new one) didn’t change much. PPI is linked closely to energy.
Lastly, CPI rose 0.39%; annualized, that’s 4.68%. Since all the bureaucrats do is lie, this is an incredibly inflationary signal. Perhaps instead we should focus on “core CPI” (which removes the “useless” food & energy components – who needs them?), which rose just 0.23% this month, or 2.7% annualized.
Wolf’s take here:
Inflation and Insolvency Causing Interest Rates to Rise
by Michael Pento
FX Street
US corporations’ hiring plans last year totaled 769,953 workers, the fewest since 2015, according to the labor research firm Challenger, Grey, and Christmas. Private sector data shows that the need to hire new employees for all of last year was the lowest in nearly a decade. The ADP report showed that there were just 122k jobs created in December. We also have the private data from the Institute of Supply Management. The ISM manufacturing survey showed the employment subcomponent was 45.3, which means employment is in contraction and contracting faster. Also, the ISM service sector survey showed that job growth was barely in expansion territory at 51.4.
But then we have the official government information coming from the Labor Department. Initial jobless claims and the monthly Non-farm Payroll report have been remarkable pieces of misdirection and fiction. The benign initial claims figures could result from fewer people being hired, so fewer people are eligible to file unemployment insurance claims. However, what is the excuse behind the constant need to adjust the initial NFP report number lower, which will surely be the case once again for the December figure?
Biden: I Ignored Summers’ Inflation Warnings ‘to Instill Some Confidence’ in People, Deal with COVID
by Ian Hanchett
Breitbart.com
During an interview with MSNBC aired on Thursday’s broadcast of “The Last Word,” President Joe Biden stated that he decided to proceed with massive stimulus spending despite warnings that it would create inflation by people like Harvard Professor Larry Summers because “I looked at the practical need for us to instill some confidence in the American people that we can grow this economy.” And argued that it made sense to spend to take care of the coronavirus pandemic.
Host Lawrence O’Donnell asked, [relevant exchange begins around 26:55] “I want to bring this down to something about your presidential decision-making in that entire range of domestic policy decisions, of which there were so many. And I’m particularly interested in Joe Biden versus Larry Summers.