As we approach what is likely to be the most chaotic presidential election in U.S. history, trouble signs are starting to erupt for the U.S. economy.  In fact, CNN is actually admitting that “the long-predicted storm clouds in the economy may actually be forming”.  I can’t remember the last time that I saw a CNN article with a headline like that.  But at this point, it is becoming extremely difficult for the mainstream media to avoid the truth.  Inflation is getting worse at the same time that many key sectors of our economy are slowing down.  If you thought that the last couple of years were rough for the economy, just wait until you see what is coming next.  Tremendous turmoil is on the horizon, and the American people are becoming increasingly emotional about our rapidly growing economic problems.

On Wednesday, we learned that prices jumped even more than expected during the month of March…

Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high, suggesting inflation may be a bit stickier than it seemed just a few months ago, economists said.

The consumer price index, a key inflation gauge, rose 3.5% in March from a year ago, the U.S. Labor Department reported Wednesday. That’s up from 3.2% in February.

Lots of pundits on television are telling us that this is really bad news for Joe Biden.

But if prices were only rising at a 3.5 percent annual rate, that would be outstanding news.

In fact, if prices were only rising at a 3.5 percent annual rate I would not be concerned about inflation at all.

Of course by now everyone realizes that the way inflation is calculated has been changed repeatedly over the years and so the numbers that the government gives us are essentially meaningless at this point.

In order to get a realistic idea of how much prices are rising, we need to look at specific categories.

For example, Fox Business is reporting that the cost of energy “is up 36.9% from where it was in Jan. 2021″…

Tuesday’s inflation numbers punctuate what has been a dreadful three years for energy consumers. The overall cost of energy in March is up 36.9% from where it was in Jan. 2021, according to the Department of Labor’s Bureau of Labor Statistics.

Of course energy prices are going to go a lot higher than they are right now.

Just wait until Iran and Israel start lobbing missiles at one another.

Housing has become insanely expensive as well.

In fact, the average monthly mortgage payment on a newly purchased home has approximately doubled since Joe Biden entered the White House.

So how in the world can they possibly tell us with a straight face that inflation is in the low single digits if that is the case?

Home insurance rates are going into the stratosphere as well.

One 71-year-old retiree in South Dakota says that his home insurance payment went up by 110 percent in just one year…

Ken Brown is worried he is going to be forced out of his house if his home insurance premium continues to go up.

The 71-year-old retiree who lives near Rapid City, South Dakota, has seen his annual cover with American Family skyrocket almost 110 percent in the last year – from $1,665 to $3,490.

Ken is on a fixed retirement income, while his wife Valeria, 68, is still working to help cover the insurance bill – and a whole host of other rising costs.

Let’s be honest with ourselves.

The truth is that we are in the midst of the worst inflation crisis that any of us have ever seen.

Don’t let them gaslight you.

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