The inflation chronicles: Even the MSM is coming around to admitting the truth now

Front page article in the Wall Street Journal:

[link to www.wsj.com (secure)]

Commentary if you don't want to pay to read it:

[link to www.dcreport.org (secure)]

Some quotes:

"Companies are exploiting a crisis situation to fatten their bottom lines. There is a term for this: price gouging."

"The Journal cited figures showing that many large companies are reporting margins at least 50 percent above 2019 levels."

"Earlier this year, for example, poultry processor Pilgrim’s Pride pleaded guilty and was sentenced to pay $107 million in criminal fines for its participation in a conspiracy to fix prices and rig bids for broiler chicken products."

"Around the same time, Argos USA had to pay $20 million to resolve criminal allegations that it participated in a conspiracy to fix prices, rig bids and allocate markets for sales of ready-mix concrete in the Southern District of Georgia and elsewhere."

So in other words, the alleged inflation is nothing more than good old fashioned price fixing. Which the government and the Fed have been well aware of, but are doing nothing about, besides collecting their cut of the profits.

In other words, hoarding, price fixing, and outright gouging are legal in this country, and the government is in on it.

So now you know.