That thats thumb flacier. And people are starting to question whether or not their governments might or might not be out of their minds. Well, certainly the fed is saying it is all transitory, right . This is just transitory inflation. It will all settle out. But the thing weve been looking at is the mindset because remember, all that sped speak is about controlling the psychology of the population. Keeping them, yoU Know, convinced that the fed and the treasury have everything under control. Well, Car And Truck sales show, the Inflation Mind Set has changed. Consumers are willing to pay a lot more generating not only record sales, but also record growth profits. This change in the Inflation Mindset is likely not temporary. So, yoU Know, well, richter over at Wall Street Dot com, he is his background is an automobile field sale. So he loves this sector and has a lot of great data here with the auto sales. He says that record new vehicle retail sales despite slashed incentives by automa
Our more news in about an hours time, youre watching or international. Were glad to have you with the hi, iM Back guys there. Welcome to the kaiser reports. Lets talk about how the global economy is shaping up here and the 21st century stacy. Right. Weve been talking about the inflation hyperinflation, Lation Inflation coming, and the 6 trillion Dollar Budget presented by a joe biden. So that the 25 Percent Increase in the budget and you know, some people are saying, oh, its going to be fine. Janet yelling at the treasury says, you know, we have plenty of money, interest rates are going to stay low. So the government could afford all is that many on the other hand say, well this is going to drive inflation even higher. This one really caught my eye max, the cost to ship goods to europe from Asia Shot above a record 10000. 00. These are the Record Shipping Container rates from asia to europe. You see thaT Parabolic move, that looks pretty bad. The prices of stuff are going up. And peopl
2021 and its showing up because one of the primary reasons for getting inflation here is the Degree Level is ation that has put America And China on an antagonistic Footing Weve got a new cold war here and all the benefits that came to the u. S. Economy by shipping all of our jobs over to china. It has now been used up right so now because theres some antagonism and because incomes in china have now match those of use the us. That ability to hide the Money Printing through the Labor Strength of china is gone so now youve got prices going up for real for stuff like lumber and thats not the fed says this transitory attempt im here to say thats a categorically a lie because unless unless globalisation picks up again unless but China And America start singing kumbaya together and everythings all katie now shaky now jakey that. Well remember we were covering in the last episode like the boom in g. D. P. And Consumption And Stuff like that you have to factor in these costs like inflation of
Now they worry travel restrictions will make costs soar even higher or make it nearly impossible for indian restaurants and stores to get. Find some substitutes, whatever you can do best, you know, and try to source it from different places, whatever you can get. Reporter palm says hes just grateful his parents came to the u. S. Right before indias latest surge, but now they dont know when its safe to return. Now with the pandemic they will have to extend the stay and with travel restrictions i dont know when they can go back, but right now theres no way i can send them back. Maria, what about people wanting to travel to india from here in the u. S. . I think we lost her there. We lost her shot. Maria, thank you. New at 11 00 in a surprising move tens of thousands of california inmates could be released earlier than originally scheduled. Tonight the state Corrections Department announced changes impacting up to 76,000 prisoners. Starting tomorrow more than 60,000 people convicted of vi
support to get as many americans vaccinated as fast as possible. the pentagon says they re going to be deploying 1,100 troops to five vaccination megasites all over the country. three of those sites are still tbd. the first in california. the pentagon says that those first troops should be arriving there in a little over a week. what we know is that 1,100, an initial group, one team of 222, will be deploying to california to a site in california in the coming days. we expect they will get on site, on or about the 15th of this month. martha: this is part of president biden s push to get 100 mass vaccination centers in a month. the pentagon has asked fema to provide 10,000 service members to staff the centers. today s announcement marks the beginning of fulfilling that request. vaccinating teachers, it s been a big topic in the white house briefing room all week after the director of the cdc said it was safe to reopen schools without vaccinating teachers first. but the whit