Latest / Financial Survival Network / Questioning the Government's Economic Narrative: A Critical Analysis of Inflation, PPI Numbers, and the Federal Reserve's Response - Ed Sidd

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Questioning the Government's Economic Narrative: A Critical Analysis of Inflation, PPI Numbers, and the Federal Reserve's Response - Ed Sidd · Financial Survival Network

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  You know, it's it's the rate of inflation that's slowing. Inflation is still
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  growing. I mean that's you know, we talk about it all the time.
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  That's the misnomber. That's you know, people are getting confused as to
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  you know, the rate of growth versus you know, it actually going the
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  other way. You know. But yeah, and it's going to continue.
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  I think it's it's going to continue all the way through the election. You
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  were listening to Carrie Lutz's Financial Survival Network, where you get valuable information you
• 0:28
  just can't find anywhere else to thrive in today's trying times. You need the
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  Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot com and
• 0:40
  get your free newsletter and gift. Financial Survival Network now more than ever.
• 0:50
  And welcome you are listening to it, watching the Financial Survival Network. I'm
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  your host, Carrie Letz. Well, inflation no shock there, the PPI
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  no shock there. Inflation goes up, government jobs go up. Is there
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  a correlation there? Well, here to apply it is ed side Dell.
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  That great to have you back on the show. So what of all of
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  these numbers, is that the side of a healthy economy? Like like some
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  what have you believe or is it just the business as usual? Well,
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  you know, it depends on the side of the fence, right, I
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  mean business as usual as the powers that be want you to think. They
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  kind of shrugged off the numbers, and you know, it's it's always been
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  a fallacy. It's kind of like the conversation of transitory inflation, right,
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  it's it's going to go away. I mean last year they should have kept
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  raising rates because when when you add you know, over half the jobs that
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  were added last year where either part time or some sort of governmental job.
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  I mean, that's that's all inflationary. I mean, we continue to overspend.
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  That's inflationary. You know, the fact that CPI and PPI numbers were
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  up. Everyone's acting like they're shocked, including the markets. But how can
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  you look at it and be surprised at all. I mean, when you
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  go to the gas station, you go to the grocery store, everything just
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  keeps increasing. Not anytime soon. Yeah, yeah, and but the inflation
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  rate's coming down, so we should all be happy and really have a party,
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  right. Yeah, you know I did hear that that I guess the
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  administration by and actually said, well, you know, when I took off
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  the office, it was nine point one percent, and you know now it's
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  down in the threes. Well it was nine point one, but when he
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  took office, I think it was like one point four. It was below
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  two percent. I want to say one point four. Don't quote me on
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  that. Probably want to check that. But yeah, you know, it's
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  it's the rate of inflation that's slowing. Inflation is still growing. I mean,
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  that's you know, we talk about it all the time. That's the
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  misnomber. That's you know, people are getting confused as to uh, you
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  know, the rate of growth versus you know, it actually going the other
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  way, you know. But yeah, and it's going to continue. I
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  think it's it's going to continue all the way through the election. We keep
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  overspending. But the Feds have really backed themselves into a corner, you know,
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  because they didn't raise rates. They're going to continue to I think in
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  my opinion, you know, and what we believe is that they're going to
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  continue to talk about Lauren rates and Lauren wants, but they can't raise rates.
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  I mean, they're political animals and it's an electioneer. Yeah, I
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  know, I'm shodn't Hey, did you happen to catch the guy's name O'Keefe
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  and his undercover recording with a certain Fed officer who said he hates Trump,
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  that he writes speech This guy writes speeches for power. Pale despises Trump.
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  He did everything he could to see that he was defeated in the last election,
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  and he's doing the same now. And they don't. They're more concerned
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  about woke issues than they are about the economy. I mean, it was
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  shocking, but not really. I mean, it was shocking in that somebody
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  we admitted it what we already knew. You know what I did hear something
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  about it. I didn't know to the breadth of the recording. But like
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  you said, I'm I'm not shocked, you know, I'm pleasantly surprised we
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  were actually able to record it. But you know, it's not going to
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  change anything. You know, when you continue to see gas prices go up,
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  I mean, it's going to be the pain at the pumps and the
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  pain at the grocery store, you know, when you go into the girl.
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  I just talked to a buddy mine, and you know, he's an
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  attorney and it was the first time he won grocery shop and I think in
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  a couple of months, and he's telling the story he he came out with
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  three bags and was ninety four dollars and he was like, what happened?
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  He was shocked, you know, And that's what it's that pain, you
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  know, the disparity between the continued disparity between Main Street and Wall Street,
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  and it's not getting any better. It's a solid recession. Yeah, well,
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  we've been in a recession. But they changed the definition of it,
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  right, Yeah, well, I you know, I think last time we
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  talked about it, I mean Powe even said I think it was twenty twenty
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  two. I think it was twenty twenty two during an interview. There's a
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  video of it where he said, you know, if the short term yield
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  curve, if it's inverted, inverted yield curve, short term rates are higher
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  than long term rates for eighteen months or more, you know, it's a
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  recession no matter how you define it. And yet he's saying, we're not
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  in a recession. So yeah, we've been here, we know it.
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  They just don't want to admit it. And they can't raise rates because it'll
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  affect the commercial markets and real estate, the banks, and you know,
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  they they they only have one one bullet left in the gun, and that
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  is uh, you know, to to lower rates or at least keep talking
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  about it. Yeah. Well so yeah, so you think they're ever gonna
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  lower rates in the next year or what's going to happen? You know what,
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  if they do, it's going to be a token uh maybe quarter percent,
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  and the markets are going to like it to a certain degree. But
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  you know, you've got that window between now and the election and that runway,
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  that window is closing. It's it's getting really really narrow, and no
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  matter what I think after the election, there's there's going to be some sort
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  of reckoning. And that's why, you know, we talk about this all
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  You and I talk about this all the time. I mean, I really
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  like hard assets, commodities, gold all time high. I still think silver
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  is way undervalued. And the reason that these prices have come up so high
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  is that people there's there's a reality check that the people are looking for some
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  safe haveents. They see what's coming yep, and what's coming in pretty is
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  it? No, No, it's not in you know, the the leadership
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  problems that we have, and it doesn't matter Republicans Democrats. I mean that
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  there's a leadership issue. We continue to kick this can down the road.
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  Nobody wants to do it. Make the tough decision because it's all about getting
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  re elected in the power and uh, you know, we're we're the ones
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  who are going to wind up paying for it through taxes and inflation. It's
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  a tax. There's always the case, always the case. So hey,
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  any thoughts on what bitcoin's been doing lately? You know, I think the
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  run up has more to do with the cash on the sidelines and the ATF
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  right. People wanting to get involved in using a t F. They feel
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  it's a little bit safer. Uh. This having event that is projected to
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  happen, you know, sometime the end of this month, beginning beginning of
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  May. You know, I I think that that's probably you know, typically
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  what happens is it it peaks up and then it drops down. I'm I'm
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  curious to see what happens with the ETFs. You know, what the impact
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  is going to have on on on the HAVING situation. It's it's volatile.
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  I don't think it is a safe haven buying any stretch of the imagination.
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  I still think it's kind of I'm in it. I also have ethereum,
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  you know, full disclosure. I I think of it more of a lottery
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  ticket. But because it's it's been validated with the the ETFs, I think
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  it's going to be what we're going to see more cash in it than than
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  we have in in past having events really really Okay, well I think so
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  there's a lot of money they're even China in Hong Kong started in ETF.
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  Yeah I saw that. Yeah, yeah, absolutely, just got news in
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  here. It appears that OJ Simpson died. Not that that has anything to
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  do with anything here, right, Oh wow, really wow? Go figure.
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  Well yeah, well, at least you could say maybe it's further proof
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  that only the good die young, or maybe maybe the bad sometimes die younger,
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  right yeah, absolutely, yep, yep, but maybe the latter of
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  the two for sure. Yeah. So anyway, getting back to the topic
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  here, people, if things really start to get bad inflation obviously it's understated
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  dramatically. They said three and a half percent, so that means eight or
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  nine percent easily. I mean, look what's happened at the gas pump lately,
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  right, yeah know, I mean so the formula for inflation has never
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  changed. It's it's the variables, right, and you know that the old
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  saying there's lies, there's damn lies and their statistics, right, it's it's
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  what they're using to generate inflation. And if you actually look at the way
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  that they used to calculate it, I agree with you, Cary. I
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  mean, it's you know, eight and nine percent, you know if it's
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  three, and you know that the Federal Reserve has no idea what they're doing.
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  In palse speech in March about a month ago, you know, he
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  was talking about changing the target from two percent, which is arbitrary to you
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  know, between three and four. That means that they have no idea how
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  to control inflation other than raising rates. And you know that they can't do
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  that because you know, based on the you know FMOC chair and you know
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  those taped conversations, you know they're not going to allow that to happen because
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  they're they're they're not going to allow the outcome of of Trump. So yeah,
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  hey, so the two year treasury I think it's four and a half
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  now, right, yeah, yep? And the what the Fed funds is
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  it five and a quarter five and a half? Five yep? And and
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  I just saw the ten year treasury came down. Well it's been it's been
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  a couple hours since I saw, but I think it was down like three
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  point nine basis points so verded yield curve, right, yeah, absolutely absolutely,
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  and you know again just it just economics, one on one, ecunt
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  of one on one. These are the basics. Well at least when you
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  and I were in school. You know, I don't know what they're being
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  taught now more kinsine theory for sure, probably ADI is more important than money
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  supply. Did you see that there? That's actually part of the the curriculum
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  for college for kids to be able to graduate in some colleges. I just
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  saw that on the news today, Laurena. Anymore, they passed a law
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  against it and they fired all the DEI people in the Florida colleges. They're
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  gone, and really yeah, so hey, you know, I'll tell you
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  like the electorate's changing. I think they're onto the grift of our current government.
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  They're onto the scams and they're set up with it. And I think
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  come November we're going to see the results. You know, who is the
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  wise man once said, you can fall some of the people, some of
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  the time you get fault. I think it was Lincoln he said it all
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  of the people some of the time. But you can't fool all of the
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  people all of the time. And that's what we're coming down to here at
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  Yeah, you know, and here's the only thing that unnerves me. It's
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  the borders. You know, everyone's focused on the southern border, but you
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  know it's it's as bad, you know, coming in from Canada too.
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  So I'm just gonna say bored in general. I mean, when you have
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  a population burst of of I think it's close to eleven million people, and
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  you know that's that's more than most states, a lot of states. You
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  know, the impact when when you have to have no idea, they're giving
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  you a phone, they're they're paying and now all of a sudden you can
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  register to vote. You know that's how is that going to affect? You
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  know, not the popular vote, but the electorate, you know, the
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  electoral Well you know all this academic we're going to find out in just the
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  little under seven months here and just tell us where we find you, How
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  we connect with you on the web uh e g. S I Financial dot
• 13:50
  com. That is the best place to find us. Our podcast, YouTube
• 13:54
  channel, and all of our information perfect links in the show notes. This
• 13:58
  interview on Financial Survival Network dot com. Go there, click through You've got
• 14:03
  Eddie's site. While you're there, sign up for your free newsletter. Questions,
• 14:07
  comments, email Klatcarrie LUTs dot com ed always a pleasure. We'll talk
• 14:13
  to you a little while, all right. Thanks for having me carry,
• 14:16
  Thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's trying
• 14:22
  times. For the latest, go to Financial Survivalnetwork dot com. Financial Survival
• 14:28
  Network now more than ever,