After Biden brags about zero inflation, Lumber increases 8%, Natural gas up 4%, wholesale fuel up 3% in a day! (economic, money)
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Seems like they the commodities prices and interest rates have been manipulated downward since last month's inflation report and then all the sudden the manipulated numbers show zero inflation and commodities skyrocket minutes after magically.
After Biden brags about zero inflation on the same day
Lumber up 8%
Coffee up 3%
Wheat up 2%
Natural gas up 4%
Wholesale fuel up 3%
The takeaway: commodity markets are a casino and prices are manipulated by investors and gamblers more than actual supply and demand fundamentals which did not change one bit since yesterday. The gamblers and hedge funds and bankers are betting against each other at the expense of consumers.
So the complaint is that hedge funds are now getting back into commodities.
The gamblers are betting on no recession.
Interesting, how the commodities prices went down so much after the government published their manipulated inflation numbers in July.
Now, just minutes after the new manipulated numbers from the BLS showed 0 month over month inflation, the price of Lumber goes up 8%, Natural gas goes up 4%, wholesale fuel up 3% and many food items surged also.
So the complaint is that hedge funds are now getting back into commodities.
The gamblers are betting on no recession.
They are betting on something because that's what gamblers do. And if they held on to their money in the form of USDs, then they would be betting on that just the same, but who actually expects currency to appreciate in value, especially with inflation raging out of control? That's part of why they buy commodities. To hedge against all this destruction and inflation caused by Brandon has his band of Marxist imbeciles, each more drunk on their own stupidity, arrogance and sense of self righteousness than the next.
Even though the more he speaks the more he helps the Republicans, I don't know if the Country can survive until November. So this is just one more bit of proof that he's got to go back in the basement and be quiet. Because every time he speaks it becomes a total clown show.
It seems as if some of his best couple of weeks as President were when he got COVID twice and had to "Quarantine".
Biden’s lies are common place and there is no national media pushback on the lies.
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