Former Trump campaign advisor Steve Cortes joined Bannon’s War Room this week to discuss Biden’s out-of-control inflation crisis, warning that the official numbers being reported are likely much lower than the true rate of inflation Americans are currently experiencing.
According to Cortes, who cites a Charles Schwab analysis on CPI for essentials like gas, food, and utility bills, the true rate of inflation is nearly 3x the 8.5-8.6% that is being reported. In reality, it’s hovering somewhere around 24-25% for everyday necessities that Americans cannot go without, he claimed.
“These are the necessities grouped together – and this is a chart from Charles Schwab – this is [the true] CPI percentage, because I don’t believe this 8.5 or 8.6 number… I think real inflation for the vast majority of Americans is far higher.
So, this is utilities, food – at home, not dining out at restaurants – and gasoline. These are necessities – these are things that people don’t have the luxury of passing up on to live in the United States 0f America.
And you can see on that chart – it goes all the way back to the 1960s – we are at a high since 1980. 25% percent inflation…That chart right there reflects the pain, unfortunately, of the American people.”
Unfortunately, the prospects of a turnaround anytime soon are looking bleak as Biden and the Democrats steamroll ahead with their destructive anti-American agenda.
Just like with the clinical data related to the vaccine, the powers at be are seemingly restricting and hiding crucial data about the current crisis to hide their corruption and ineptitude. How much worse is this thing going to get before Biden and the rest of the treasonous swamp are held criminally responsible?
As of now, we are whistling past the graveyard.
Here's the chart I just showed on Bannon's War Room — Inflation for the essentials: Utilities, Food at Home, and Gasoline, rising at 25% pace!
Crushing for middle and lower income citizens. pic.twitter.com/JGiV4qJIhX
— Steve Cortes (@CortesSteve) June 13, 2022
The post “Real Inflation for the Vast Majority of Americans is Far Higher” Than What’s Being Reported: Steve Cortes Breaks Down Massive 25% Increase in “Necessities” Like Gas, Food and Utilities (VIDEO) appeared first on The Gateway Pundit.