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Biden Blames Worldwide Shippers And Russia’s War For Soaring Inflation Rates ctm magazine



Inflation is at 8.6 percent, now growing the fastest since 1981. Gasoline, housing and food costs are up. Speaking in Los Angeles, President Biden blamed higher prices on worldwide shippers who are price gouging and Russia’s war in Ukraine. Many economists also blame pandemic-related stimulus money and the FED for not acting sooner. Pressure is building on Federal Reserve Chairman Jerome Powell to raise interest rates faster and bring inflation under control.

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#NBCNews #Inflation #Biden

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48 Comments

  • El Ingles on June 11, 2022

    My electric bill before this rigged election, was 0.0833 Pence for 1 Kwh for my night rate. My day rate was 13.883. Then Eric Coomer and Bryan A, Vordran went to work. Today my Day rate is 30.011 Pence for 1 Kwh, and 30.011 Pence for my Night rate. A kilo of rice in Britain before the US used 9 ways to tamper Dominion voting machines, was .95 English Pence. Today a kilo of rice costs 1.90 English Pounds. This will increase to 2.60 English pounds next month, that is July 2022. Trust me, we will remove all the leadership of the FBI, and we will drain the swamp !

  • Ron on June 11, 2022

    Are you sure Mr B?

  • watchwinder on June 11, 2022

    This guy has failed the American people at every level. 👎👎

  • I am Gauty on June 11, 2022

    I just went through the drive-thru at McDonald's and ordered a sausage biscuit and it was 182 but by the time I got to the window it had gone up to 195 no lie

  • occamselectricrazor on June 11, 2022

    tell us you're incompetent without telling us you're incompetent

  • R3d Powel on June 11, 2022

    Overvalue currency, over monopolism, greeds and wars is what led USA into this circumstances. Unfortunately most american are sheeps they will believe anything and everything.

  • THOMAS OLSEN III on June 11, 2022

    Don’t forget about that 1.7 trillion that was handed out. 1.7 trillion could have built a lot of affordable housing

  • Rudolph on June 11, 2022

    You believe that I got a bridge for sale.cheap any takers.

  • XXDJOZXX on June 11, 2022

    Who feeds terrorist in this world? US taxpayers lol

  • Luke Davis on June 11, 2022

    🗑️📰🗑️

  • Luke Davis on June 11, 2022

    💩🗞️💩

  • Luke Davis on June 11, 2022

    🛑🐃💩

  • Luke Davis on June 11, 2022

    The Fake 🗞️, the Enemy of the Republic.

    📰🤥🤥🤥🤥🤥📰

  • joel yazell on June 11, 2022

    Well Joe is blind if he can’t see the greed of the top is squeezing the masses back into begging for a future. Greed feeds on the greedy wanna be’s. Do you hate them,or hate that you’re not them?

  • Hunter Bidens Laptop 💻 on June 11, 2022

    But Americans know the truth. Bidens blame game is lame…

  • Apollion Sacrez Leonard on June 11, 2022

    america elected this man.🤦
    weird americans.😅

  • Sean Tyler on June 11, 2022

    Biden blames everyone except is own administration. He’s incapable of taking responsibility

  • 5.7 Angel on June 11, 2022

    Trump 2024🇺🇸🇺🇸

  • Ray Jay on June 11, 2022

    We are spending 10s of billions of dollars investigating space and ET. While we starve on this planet

  • Rosie on June 11, 2022

    France inflation 4.5%, England 9%, 7.9% USA – OVER 11% and we have the worst supply chain! This administration is criminally negligent as people suffer, they worry about pushing electric cars instead of opening pipelines, so we can ship items and make sure the elderly and disabled can heat their homes this winter.

  • gill khaur on June 11, 2022

    boooo and boooo to Biden and his idiotic congress of war-mongering idiots, the USA is selfish on the pro-longed war sponsored by the Americans and worst still the USA is spending good money to the tune of billions to pay for the war to meet America's selfish imperialism expansion.

  • SHELDON CLEMENTS on June 11, 2022

    Anyone with a brain knows that his and Nancy Pelosi and the Democrat parties policies are mostly to blame. The first thing they did was destroy everything that Donald Trump had built just to spite him and now the country is going in the ground because of it

  • KRS Movie on June 11, 2022

    Putin's tax…
    For God's sake this man cannot remain in power!

  • Jessica Printke on June 11, 2022

    It has been predicted that inflation could last for 30 years. That is if we're still around for it. And I can see this as a possibility Because people are creatures of habit. The worldwide acceptance For higher gas prices For higher wages and higher food costs Can only be nullified Through government intervention. And this would require rationing. Rationing can only be justified if we are at war. And war is something the government pretends we are not in.

  • Jessica Printke on June 11, 2022

    People do not see the stock market improving People who are stuck with stock would take a huge loss if they tried to sell it. Given the economy and the mentality of the average person I don't see improvement without intervention.

  • Jessica Printke on June 11, 2022

    So we are faced with choices and scenarios. Some choices and scenarios are very drastic and require geographical and political change towards the obscene of rather doing nothing at all and turning a blind eye until we tank.

  • Gail Hitson on June 11, 2022

    As President, Biden can work with business owners and independent contractors in order to get manufacturing brought back hone, at least temporaily. In a free market system where supply and demand dictate the behavior on prices and goods, this would happen automatically to maintain profit. In other words, if it becomes financially unfavorable to ship and move goods manufactured overseas or in other countries, then companies will bring manufacturing back to the US. Why hasn't this happened? Why haven't smaller companies jumped in order to take advantage of this clear opportunity? And, why hasn't Congress and the President done anything to encourage businesses to bring production and manufacturing back to the U.S., thereby avoiding the high costs associated with manufacturing elsewhere and then having to find costly ways of getting it all back into this country? Hello???

  • Jessica Printke on June 11, 2022

    Everybody is tasked with an obligation The obligation is a requirement that every American citizen signs up for Upon birth. It is to defend their country and to put in a reasonable amount of time and effort into society so that society can function relinquishing a portion of their income to better our country and land. Work is a privilege it is not right. But everybody has a right to Partake in the fruits of their labor. This includes social security and disability incomes et cetera. The social services factor is in place to protect the vulnerable from becoming victims of circumstances

  • Jessica Printke on June 11, 2022

    But no person on the planet should be forced to work and labor for wages that do not sustain them them which is why we have a minimum wage. The average work day is 8 hours for an ordinary employee and these hours can be extended upon agreement. But if a person who is obligated to an 8 hour shift And after which fulfills such duties Should not be coerced or manipulated Or threatened to stay past their scheduled time frame especially without previous notice. A worker may be asked But cannot legally be forced To put in A …9 Or10 or even 11 hour shift To fulfill A labor shortage.

  • Jessica Printke on June 11, 2022

    I commonly hear how most people are being told that they have to extend their work hours without previous notice and are given no ultimatum even though they are scheduled for an 8 hour shift. Walmart is especially guilty of this. People are told that they are forced to work past their shift Because of a shortage in labor. This is both illegal and it should be given as an opportunity and not as a forced requirement to keep your job.

  • Jessica Printke on June 11, 2022

    Every person who has a job is given tasks. There is a difference between a reasonable amount of tasks and tasks that exceed one's capability to the point of Over reaching.

  • Jessica Printke on June 11, 2022

    This is why United States has what is called labor laws.

  • JooSon2 on June 11, 2022

    Blame everyone but yourself, right Joe?

  • Cha on June 11, 2022

    It is easier to report who hasn't Biden blamed for his failures.

    The Blamer and Chief.

  • Minjiang Lin on June 11, 2022

    Can rate hikes fix the unethical price gouging?

  • Niko Grujic on June 11, 2022

    President BIDEN call PUTIN and apologize and let's get some gasoline in this country . and F*** Ukraine I live in LAS Vegas in paying for the WAR in Ukraine at the GAS station !!!?? I didn't ask for this glory

  • Stephan Mann on June 11, 2022

    Wages not going up

  • TEK on June 11, 2022

    I blame Our government, the Fed, 50 years of tax and spend much more than you take in… I blame Biden since he has been in DC all his career… wait till all the boomers start taking SS!!!! Citizens look to the government to fix this when the fact is… THEY CAUSED IT! WAKE UP!!!!

  • Renee Seymour on June 11, 2022

    Just more playing the blame game and nothing being done! This administration is a mess 😵‍💫😳

  • m.schetr on June 11, 2022

    Flat out lie..

  • SeeTheWholeTruth on June 11, 2022

    This clown making the decisions of the elite and corporate owners of him and his party, getting in front of it to take the blows as well, with obvious lies. Media refuses to investigate the many corporate KNOWN INSTANCES of "not ordering", Intentional Price Increases, as well as Instances like Shorting supply to Diesel fuel nationwide by cutting shipments of DEF to companies like Pilot. This is a setup.

  • Jay R on June 11, 2022

    It's Biden who decided to pursue hardline policy on Russia. Not other way around. If anyone is to blame, it's Biden

  • fred malcom on June 11, 2022

    News Alert – Trump Condones Lynching ?

    stop the violence by arresting Trump and his leadership team!

    Proud Boys Leader Henry “Enrique” Tarrio is arrested for seditious conspiracy
    Proud Boys – Pezzola arrested for seditious conspiracy
    Proud Boys – Ethan Nordean, of Seattle, arrested for seditious conspiracy
    Proud Boys – Joe Biggs, of the Daytona Beach area arrested for seditious conspiracy
    Proud Boys – Zachary Rehl, of Philadelphia arrested for seditious conspiracy

    Peter Navarrow Arrested, Guilty and Indicted!
    Steve Bannon Arrested, Guilty and Indicted!

    Mark Meadows Guilty and Contempt
    Dan Scavino Guilty and Contempt
    Civil Contempt For Trump Is Pending
    Civil lawsuits For Trump Are Pending
    Jail Time For Trump Is Coming: he stole white house documents and gifts to America from foreign officials. oh and he is the insurrection leader

    Now you know what the future with Trumpism will continue to be like !! More mass shooting will happen if DOJ Garland doesnt arrest all top Trumpists.

    No person is above the law! Listen to former DOJ Eric Holder, you can and need to prosecute Trump.

    since January 6 2021 not one single Republican lawmaker has been held accountable for their insurrection actions. they will win re-election if not arrested and they will cause more chaos and mass shootings. Put an end to the evil Trumpist Republicans and support the good Republicans and good democrats.

    DOJ Garland is ending democracy by not prosecuting all top Trumpists.

    MAGA Trumpists are ramping up their war machine to lie about their insurrection! Dont believe the lies!

    ….

    More Very Disturbing Trends –

    1 Law enforcement has NO OBLIGATION TO HELP ANYONE

    2 Law enforcement cant be prosecuted for Not doing their jobs

    3 Law enforcement can legally lie unless they are under oath at that moment; their oath is meaningless

    4 The District Attorney will side with the cops almost always

    This is just normal Trumpist behavior.

    Texas Shooting Coverup …..over 18 armed evil trumpist c o p s had over 11,000 live rounds of ammo and they waited. and waited…..while people were being killed. it took the border patrol to take out the shooter…. how sad is that?

    when will these evil trumpist cops be fired and arrested? they wont because they have qualified immunity!

    nothing will happen to these evil trumpist people unless the locals keep up the pressure and the cops and politicians involved leave!
    .

    Whoever walks in integrity walks securely, but whoever takes crooked paths will be found out.

    Proverbs 10:9, NI
    ..

  • Chris Chris on June 11, 2022

    He's a liar, it's bidens fault

  • AVB on June 11, 2022

    I tried to give this guy an honest chance because I want America to succeed, so I never root against the president, but he’s been an absolute disgrace. When Trump is in office he says he’ll take accountability unlike 45, yet takes NONE and only blames Putin for a runaway inflation that started long before the invasion. He wags his finger at corporations gouging us at every f-ing turn, but doesn’t do anything about it. This is going to CRUSH middle and working class people for DECADES to come. 80 year old people should be watching Matlock and drinking their Metamucil, not running America.

  • Victor Daniel on June 11, 2022

    Biden and the democrats are to blame. Drill for more oil 🛢

  • Jonathan Sterling on June 11, 2022

    Just yesterday, Reuters (accidentally?) posted a picture of a Ukrainian with a swastika tattoo. It's still there as of this morning. Since links are prohibited, search for "Russia pushes Ukrainian forces to outskirts of key eastern city". The propaganda machine is failing…

  • Eddie Gesch on June 11, 2022

    That's Biden for you higher prices are everyone elses fault, notmine.

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