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The Ben Ferguson Podcast

BIDENFLATION & extreme gas prices are being done on purpose to weaken us all so BIDEN administration can CONTROL the weak!

The Ben Ferguson Podcast

iHeartPodcasts

News Commentary, News, Politics

4.85.4K Ratings

🗓️ 16 March 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Weakness, that seems to be the game plan for the Biden administration. Weakness in our economy.

0:07.0

Weakness for your family and weakness for your independence. They need you to be totally dependent on the government to keep their power.

0:16.0

And that's the reason why they don't seem to have a problem with these staggering new numbers that are out.

0:22.0

Producer prices have gone up 10% for a record second straight month. That's right. Price is paid by US businesses were up 10% compared to a year ago.

0:34.0

For the second month in a row, data released on Tuesday afternoon showed the Department of Labor said it's producer price index rose 0.8% in February alone compared with a month earlier.

0:48.0

Now this is shocking if you look at these numbers. Economists had projected a 10% annual rise and a 1% rise for the month.

0:57.0

Now stripped of food and energy prices, the index rose 0.7% matching the downwardly revised number from January.

1:06.0

You compare that with a year ago, the X food and energy index is up 8.4%. Now what this means is your buying power is disappeared.

1:16.0

If you made 50 grand last year, you're basically making $40,000 today when you look at the oil and gas prices and everything else added in.

1:25.0

You have even less buying power than that if you're buying big purchases like cars and homes, trade services measure profit margins rather than price levels so you understand how this looks so they look at food, they look at energy, they look at trade services and what do they know for the wholesale market prices rose 7.2% from a year ago.

1:45.0

And 0.6% compared with one month ago. How bad is it? Well, look at what Wall Street saying about this right now and just how bad it is. Take a listen as they broke the news.

1:56.0

10% increase year over year for the producer price index. So we've got double digit wholesale inflation that is in line, but that is the highest ever recorded.

2:08.0

These numbers only go back to about November of 2010, but we have double digit 10% inflation on wholesale prices.

2:18.0

Again, wholesale. This is businesses, small businesses who buy wholesale, not retail pricing, wholesale pricing. That means that you're going to have to have significant increases to the consumers, which means it is going to crush Americans.

2:34.0

Let's go back to what I was talking about a moment ago with weakness. This is all about weakening the American people weakening the American family weakening the American small business owners because when you can't survive on your own, the democratic socialist party gains more power.

2:54.0

Now, there's also another conversation it's taking place right now and it deals with oil companies. Oil companies are not producing more oil. Why many are now saying behind the scenes, it's pretty simple. Joe Biden threatened to tax and regulate them out of existence.

3:09.0

And this is their way of saying sorry, Mr. President, we're not going to help you out because the democratic party we want to get rid of and we want to make sure you guys aren't going to tax us and regulate us out of existence.

3:23.0

So we're not going to help the president of the United States of America now, even though it may hurt the economy in general because long term, it's better than the alternative, which is a socialist democratic leadership.

3:41.0

Taxing and regulating oil companies out of existence. Take a listen to what representative Krenshaw of Texas had to say about this unfoxed business.

3:46.0

I want to ask you about Venezuela if I can't I don't understand this administration's pursuit of Venezuela.

3:52.0

Dirt filthy dirty oil used to cover Latin America. There's no oil company in the world, dirtier than Peta Vesa. Their state owned oil company.

4:00.0

And yet this administration keeps pursuing Venezuela. They're only producing less than 700,000 barrels a day. That that just about equals the domestic consumption event as well.

...

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