U.S. is only days away until an 'absolute explosion' on inflation: Pollster Frank Luntz 

My father was a son of a German farmer. He’s been dead for a while now. He one time said to me that the problem with the people in this country is they don’t know the difference between want and need. I think they’re going to start learning the difference pretty soon.

I don't know what this guy is talking about...I have been feeling inflation for the past few months. I haven't been able to fill up my truck for less than $100 for a while now. And as a farmer I need my truck...not like I can use a car. I don't need a holiday weekend to know that inflation is slowing killing everyone....

*NO American* should ever forget that we were essentially both energy independent *_and_* a net energy exporter just 18 months ago..... 😎

Market declines, soaring inflation, a significant Fed interest rate hike, and rising treasury rates are all expected to result in greater losses for portfolios this quarter. How can I make money now in the erratic market? I'm currently debating whether to sell the million-dollar bond and stock portfolio I have.

Pretty sure any Middle class American already knows they can't afford higher prices. Like... seriously. 4th of July won't be any different.

Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feedback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.

Why do i have this feeling that this so called inflation is only affecting the ill informed Americans, I've been reading up on recession and the market, apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mention a 32 year old that made $180k in 5weeks, how do I learn and apply these strategies, my portfolio has been stagnant for months.

We don’t have to wait thirteen days. We’re already feeling it!

You'll really hear things when people start getting layed off. Imagine being layed off, having no savings, during 12% inflation and gas prices $5.00/gal.

been poor for a long time, this feeling isn't new. not a crises for me, just another tuesday.

In ALL of my 81 years, I have never seen this country in our current overall shape!! Never in my wildest dreams did I expect to see our country so divided and with no middle ground!! Never have I seen this level of outright lawlessness with nothing being done to stop it!! I never imagined that our southern borders, there to protect this country literally being destroyed and overrun..I saw this with my own eyes. On that day, I saw about 15 men walking down a railroad track (in south Texas), going north, caring 1 gallon water plastic jugs each and a kind of home made back pack!!!! So, what are we doing to fix any of this stuff??? Nothing!! This administration is as flat as a pancake and absolutely doing nothing constructive it seems!! It is as if they are trying to harm America for some reason, but why?? Absolutely incredible failure!!

In the the U.K. we are experiencing the same economic pain for the very same reasons as the USA. Shutting down the economy and printing billions upon billions of dollars (pounds in the U.K.) backed up by nothing, along with “going green” is destroying our economies along with many others in the world. I remember reading about the coming inflation and supply chain issues when the lockdowns first started. All predicted and all avoidable.

Who knew shutting down the entire country for two years and printing trillions of dollars would have a negative impact...

We will only escape all of these problems when people start admitting and realizing that it was all done intentionally.

According to brandon, the economy hasn't been stronger. So comforting to know he knows what he's doing.

People trying to retire, seniors on a fixed income, young families with insane daycare costs, people with chronic illness, people with lower socioeconomic status…. This is affecting us all. Unless you’re the Jeff Bezos or Elon Musk of the world, we’re all just trying to make ends meet. Like other posters have said, we’re getting by. But not getting ahead. 😔

This is the first time in my life that I actually consider the cost of gas on whether I take a trip in town or not. I'm not poor, but the times I actually start up my truck have dramatically dropped because most of the time I decide it isn't worth the cost of gas to go somewhere. Same with eating out. I'm sure I'm not alone. This is certain to further damage the economy in the long run.

I don't think folks have to wait till the forth of July to figure out it's costing them a lot more money to fuel up and buy food.

After being in business for more than 40 years I can only give this advice this to turn the tide and avoid the phantom of economic fall down. : A business needs to invest again and over again for the future to come , so does a country on a larger scale meaning : invest in better infracstructure, invest in better schooling education, invest in better basic health care, invest in technological research, make higher education affordable for anyone, it all costs a lot of money but that is all well spent on the long run. US and Europe can no longer compete with China or low paid jobs cqountries and we can't blame the Chinese for working 12 h a day like hell. We can only survive by know how and manufacturing high ingeneered products with patents and protection against copy right like we do in Europe and a ' plain equal field' and honest business with our competeters who steal or copy our research and sell it again at lower prices. The US better be aware to form a massive block with Europe, Canada and other western nations on ' fair trade ' and join all forces and efforts , otherwise China will become the most important economic power in the next years to come ... and will rule the world and tell us what to do and not to do !Economic power goes along with military power and God forbid we ever have a conflict again with China which has become a 'super power' during all these years , we gave away all our jobs and industry to China ... just like the Europeans put trust in Russia ... to supply for gas and oil and now are F**cked up !

With so much uncertainty with the economy, I'm worried about how inflation will cause major layoffs and food shortages. We just purchased a new home, but my salary only increased 3% while inflation is up 8.6%. It doesn't compensate how much gas and food is increasing at an alarming rate. The Biden administration has done nothing to help the American people. Are we going backwards to a great recession?

What most people don’t realize is that all this is DONE ON PURPOSE.

The most dangerous aspect of our current situation is the incompetence of our entire government.

Well I’m looking at this video 13 days later and you Sir are correct!

Gas is 6.35$ a gallon where I live at now!!!! This is crazy!!! 🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️

I lived in the city for 40 years. I left 3 years ago and moved to a small farm town. I was talking about economic collapse, and food shortages back then, and people acted like I was crazy. Doesn't seem so crazy now. I'm ready for what's coming.

the most outrageous thing about this is their utter lack of concern for the country. everything they talk about is how it affects the polls. to hell with the polls, what did they expect?

I'm on retirement disability and this last SSI cost of living bump put me $40 over to qualify food stamps. I was able to adjust for the first few months of 2022, but now I eat once a day in the afternoon. I'm comforted very little by the "positive" changes of this administration.

We are 13 days after the interview , still nothing happened !! All good markets up! People got July 4th and made normal barbecue , prices are not up since 13 days. Good interview dude

I used to go crazy when it comes to events/holidays. One event, I just lost my interest and didn't do anything or traveled. I was fine. Life moved on. I saved money...I save myself from the stress of packing and having to travel. Instead...stayed home...chilled in our inflatable pool...enjoyed a peace and quiet. 😁

Everyone remain calm. I just watched JB, he assured me the economy is booming.

Going to a grocery store now is insane. You definetly notice the high prices of food now. Forget about going to whole foods or nice organic stores. You use your car sparingly now and do not go out of town. How do they think we Americans deserve this? It does not impact them. This is exactly why people go and retire or live in third world countries which is a much better way of life. I was in Ecuador for 8 years. I have no idea why I returned now.

I'll take the under on Frank's worries. We Americans like to complain about high prices, but we do little to deny ourselves what we want. This too, shall pass.

“The economy is as strong as I am” -Joe Biden

1. stop printing press 2. cut government spending that’s what has solved inflation in other countries in the past.

Stay Strong Americans...do the best you can and Always be safe. We are Alive and Stronger then we know ❤🤍💙 Biden Must Go!!!

Welcome to my world! I've lived like this already for a long time, because I had the misfortune of getting sick and becoming disabled. The 4th of July is just another day for me, like any other day. Steak on the grill? LOL, um no. Same thing btw, for the poor long-haul COVID and/or vaccine-injured folks, welcome to my world of long-term, hellish, incurable illness that nobody even acknowledges you're suffering from. No, I'm not insensitive--quite the opposite. I wouldn't wish this on my worst enemy. Just saying, some of us have experienced all this crap for a couple of decades already.

What the hell are you talking about "fill the grocery cart for the holiday". I'm already living on top ramen noodles and can't fill my gas tank. We're not 13 days from an inflation explosion ITS ALREADY HAPPENED

Gas prices here in CA are between 6 and 9 dollars per gallon. I asked my husband if he’d ever thought he’d missed paying $3.89 per gallon...he’s still laughing...

Actually I went to the grocery store last night 7 bags of food was 250 dollars and alot of the chicken beef buns etc almost all gone a 2 lb pack of lean ground beef by be 15 dollars frozen chicken 15 dollars fresh chicken almost 20 dollars 2 turkey legs 14 dollars , I bought a bag of cherries 2lbs 20 dollars

“13 days from now”…this was posted 13 days ago, can’t wait😭

Love the non-partisan cut to the chase analysis. Less blaming, more solving. We need younger leadership for this country instead of 70+ year olds in either party.

I think the Biden administration looked at the austerity language Carter used back in 1978, and are trying to avoid that. But to be honest, I would take candid sincerity over their current approach. I personally appreciate it when leaders tell me what I need to prepare for. The messaging of "the economy is stronger than ever" just reads like gaslighting to me.

The American people will remember the way we’re living now when it’s time to go to the polls.

Energy pricing is the culprit for most of the rising prices people see. Gas pump prices are a direct result of fossil fuel company manipulation, and could be addressed in no time if oil refineries run at max production levels, but they're held back to increase profits. Don't take my word for this, listen to oil exec interviews for the last 18 mths. Do your own Internet search for data published by the oil industry themselves and Federal and state government reports. They all say that as recently as April and May (weeks ago) 2022, refining capacity is running at only 85-90% of full capacity and less than even max production during the Covid economic slowdown (95% of max during Covid epidemic). There is no reason to be restricting production other than to keep prices high, there is no maintenance shutdowns, and there are no repairs being made. I can't see how the Biden administration can be blamed for oil industry misbehavior other than doing a poor job of publicizing the damning facts and lack of arm twisting. This is just the oil industry in a snit for whatever reasons, without empathy for the pain they are causing the American people. Once can only speculate, but I would suggest that maybe it's because leases have been canceled the oil industry wasn't exploiting and don't need to achieve max production. Maybe it's a silent protest against Transition to Green policy. Whatever the reason might be, high energy prices are going to cause more harm than simply high gas pump prices. Chemical fertilizers to grow crops are made from NG and high costs will be passed on to the Consumer as higher food prices. People will have less to eat and there will be fewer items on grocery store shelves. At least an investigation is warranted, and if necessary some arm twisting to motivate good citizen behavior is needed.

Rich don’t care, and the poor don’t care. It’s the middle man who gets crushed!

Most Americans have never experienced significant inflation. They got exactly what they voted for.

And another reason why there are no workers at fast food restaurants anymore is because the didn't want full time employees they didn't want to bump for insurance now there ass is paying for it, just think billion dollar corporations are that greedy. Hope all the fast food corporations close their doors for good serves them right.food basically sucks anymore. And Is really bad for your health! And cost them about 2 bucks for your 12 dollar slop!

I had to Google Frank I thought he looked familiar. On a positive note: Looking good Frank! I've lived in Southern Nevada for over 30 years and we are running out of water. Lake Mead is drying up.

The " Dollar Store " is now the $1.25 Store. My laundry soap is a third less soap. My high priced health food cookies are half what they just we're. Gas is $6 in Reno. And it's only beginning.

Oh, he's saying that you're going to see an explosion of anger about inflation. Not an explosion in the rate of inflation. Though that is very close to happening too.

In 1982 it cost 14% intrest to finance my first house.

I don’t need to go anywhere,I don’t need to eat all that food ,I’m budgeting everything and getting what I need not what I want.I’m still doing fine with the little I have .My grandparents lived through the depression,we’re there was no jobs.There’s jobs and hiring were I’m at ,but most people don’t take them because they feel there below them .

Nice going Joe Biden voters! We have a great economy now and no more mean tweets!

Jimmy Carter: I was the most hated president in U.S. history. Biden: Hold my beer.

if they say the inflation rate is 8.6% YOY that means it actually 20%

Him: *Screen starts wobbling* Me: *Stops Shaking My Leg*

Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..

Seems like the solution would be to just copy what I'm doing for July 4th: I'll be relaxing at home with a giant book in my hands drinking a can of soda. You don't have to have a BBQ or go on a cross-country road trip to enjoy yourself and have a good time. Minimalism is good.

I didnt know Ben Affleck was a political analyst

Maybe we can stop buying things that aren't necessary. And we can stay home until the gas prices drop.

Great analysis and summary. I'm shocked people are blaming the Russian invasion of Ukraine, though, when we printed and gave away trillions here at home.

My half tank per week went from $30 to now $69.50. I'm surprised I heard some truth on CNBC

I'm watching it exactly on 13th day🤣🤣🤣

Well, today is July 1st and there is not hyperinflation yet.

As a footnote, there really isn't enough time between now and the November elections to change Americans' perception about how the economy is doing.

Who are you kidding??? An explosion of anger over inflation ??? We are in the United States, the sheep will keep their mouth shut, head down and keep saying yes Master to the politicians, PERIOD!!!!

Houston Tx : i paid $47 for an 8pack of toilet paper, a gallon of milk, paper plates and deoderant. Absolutely ridiculous. My car that used to get filled with $30 now takes $80 to fill

Our household have a hybrid car. It gets 80-100mpg. Def helps a lot and we are thinking of buying an EV for our next car. I still rely on my pick up for local trips to the hardware store. Being to work at home the majority of the time helps. I started taking the fast bus to Seattle for work bc it’s actually nice and faster than driving in traffic and the toll is 3.5 dollars. We started gardening and raising chickens in the backyard. I think it’s possible -it require a different mindset that the Silent Generation have-which is save save save and only buy what you need.

I can almost guarantee you that the wealthy segment of the US is doing just fine. Someone always makes out during these difficult financial times. Just do some reasearch on past financial dips in the US. You'll see. the Difficulty always hits the rest of society the hardest.

We're back to the late 70's-early 80's. The difference was Jimmy Carter was a wonderful person (but hapless president) and our country's social culture was 10 times better than today. Inflation is horrible and many younger people are now seeing what Boomers went through during "the malaise". Our first homes had mortgage rates in the high teens. Small, economical Japanese cars took months to get to dealers after you ordered them. Top dollar too. Now we will look for a Ronald Reagan to save us again.

I'm not focused on another recession. I believe we're in one now. I'm worried about a 2nd great depression. This biden administration has sent us straight toward one.

Thanks for you job!

Calling the Biden Administration as competent is the same as calling BLM helpful to the black community.

Democrats better listen to this guy. He is speaking the mind of every US citizen. Midterm elections are on july 4th.

Can’t speak for our cousins over the pond but the prices in the uk have rocketed From fuels to to staples it’s all shot up One thing we do k ow is that some people are getting lightly wealthy

Our scientists have successfully created a 50/50 fusion of Matt Damon and Ben Affleck.

Instead of saying “inflation” is the number one issue… Americans need to go big brain and say the federal reserve is the number one problem.

We polled people in DC to get this high rating. Let’s hear about the 12% for Joe in South Dakota

Did anybody noticed the background when this political analyst is talking about inflation? It’s very expensive house! It’s super funny to me

Hold on to your sardine cans, an *explosion* is coming; in these times you always get the know-it-alls', the fortune tellers who can't even win the lottery; oops,it's gone...

The Fed + Congress is to blame. 0% Interest & waited too long for massive greed of a 100% run-up in the market. PPP Loans for companies that did not need it. Printing like crazy. Cnbc is always trying to overanalyze the situation when it is so simple.

There's inflation but not because we all have excess money and bought alot of stuff, but because of artificial inflation caused by the supply chain breakdown. You can raise rates to 200 percent and that still won't get energy delivered to the U.S and food put in the grocery stores. This is a global supply chain problem. Go ahead and raise those rates . That will just make the problem worse. Home builders weren't building any more homes than they used to. The lumber and goods used to finish the homes being built have been in short supply because of a breakdown in the supply chain to move the product.. They think the average citizen is awash in money. We're not. During covid alot of people lost their job and recieved two $1,400 stimulus checks which went to pay bills. Inflation probaly will go to 40% because the oil and energy are in short supply because of supply chain problems. China isn't bringing near as much to us so that product isn't even part of the supply chain. 26 food plants in U.S I heard burned down. Because of weather and lack of water, fertilizer and diesel, farmers can't produce near the amount of food they did. Fixing the supply chain and increasing the amount of energy we produce here in the U.S would help bring down inflation. They got it wrong in my humble opinion.

Has anyone actually checked to see how much the profits oil companies are up over the 1st quarter of 2022? Shell oil profits are up 300% from the same quarter in 2021. Those profits are higher than any other quarter Shell has made in their history. Exxon and Conoco are hauling in record breaking profit margins as well. When these companies were asked to start providing more oil so that the prices would come down, they refused and claimed that they had to be responsible to their investors and boards. Look at look it up. It's there. Everyone is screaming that the price of a barrel of oil is so high. In 2008 the price of a barrel of crude oil hit over $140.00 The average gas price per gallon in the year 2008 was $3.03. Right now the price of a barrel of oil is just about $105.00. If you owned these oil stocks right now your stocks would have gained over 50% in the last 4 months. Remember, we are talking about profit, not sales. This is called price gouging.

Retire going back to work can't afford to go to grocery store

If you keep feeding an animal it forgets how to find it’s own food !

Not everyone goes on vacations. Many folks just stay home and keep it local. Why some even have made some preparations for such a scenario! Imagine that…

This absolute explosion of inflation means that the world is coming to an end. We might face layoffs from many of our businesses, and we are going to be struggling a lot with our day to day living.

Most folks are a broken refrigerator or major car repair away from financial failure. They spend money that they have no right to borrow to impress people they don't even know.

Food is already short, and some things have been short since well before Ukraine. The pollster or his subjects seem to be ignorant of the fact that things have been costing a fortune for quite a while. He seems to think no one has filled up their gas tank and won't be buying a full tank until July 4 for some strange reason. People who actually work for a living are having to fill up their tanks all the time.

I'm feeling it. I live in North TX and my utility bill essentially doubled from last month. Utilities are up, gas and food are up. Airfare is unaffordable for a family of 4 or larger. My 401 is tanking and I need a new car that I can't get due to supply issues. This is getting very ugly.

"I would do it [study UFOs], but before agreeing to do it, we must insist upon full access to discs recovered. For instance in the L.A. case, the Army grabbed it and would not let us have it for cursory examination." J. Edgar Hoover-Director of FBI The security guard called and said, “Sir, there’s a glowing red object hovering right outside the front gate. I’ve got all the men out here with their weapons drawn.” We lost between 16-18 ICBMs (nuclear tipped Inter Continental Ballistic Missiles) at the same time UFOs were in the area… (A high ranking Air Force officer) said, “Stop the investigation; do no more on this and do not write a final report. I heard that many of the guards that reported the incident were sent off to Vietnam." Captain Robert Salas, USAF, during a videotaped interview for the Disclosure program. "A few insiders know the truth...and are studying the bodies that have been discovered." -Dr. Edwin Mitchell Apollo 14..the 6th NASA employee to walk on the Moon. "Maximum security exists concerning the subject of UFOs.” CIA Director, Allen Dulles, 1955. “Behind the scenes, high-ranking Air Force officers are soberly concerned about UFOs. But through official secrecy and ridicule, many citizens are led to believe that unknown flying objects are nonsense.” Former CIA Director, Roscoe Hillenkoetter, public statement, 1960. “We’ll know our disinformation program is complete when everything the American public believes is false” -William Casey, CIA director, 1981 “Yes, there have been ET visitations. There have been crashed craft. There have been material and bodies recovered. There has been a certain amount of reverse engineering that has allowed some of these craft, or some components, to be duplicated. And there is some group of people that may or may not be associated with government at this point that have this knowledge. They have been attempting to conceal this knowledge. People in high level government have very little, if any, valid information about this. It has been the subject of disinformation in order to deflect attention and create confusion so the truth doesn’t come out. ” ― Edgar D. Mitchell, The Way of the Explorer: An Apollo Astronaut's Journey Through the Material and Mystical Worlds MEANINGFUL congressional hearings, ala the Watergate hearings, including aerospace/defense contractors and Vice Admiral Thomas R. Wilson must be held to address a vital issue that transcends politics and we will never properly advance until it happens: The 75+yr ongoing-constitutionally illegal, EXTRATERRESTRIAL cover-up. How can we truly believe anything our elected officials say? The dog n pony shows must cease.

What no one is talking about is we are 4 weeks away from no diesel oil.

Everyday common folk ask friends and family to bring a dish to the 4th July Barbecue. Also, send a group text to family and to friends collect donations for the food. My family been doing this for years. No financial stress on anyone and we have a good time. I would never spend hundreds in groceries on the 4th to invite people over. Stop trying to impress people who probably in debt.

I just had my first "oh wow" moment....something has to give here.. Telling Americans that they need to go green without an affordable alternative in place is just plain stupid.

Just imagine how much it is going to cost to heat your home this winter.....

Though I would normally concur with this outlook, I am a little skeptical due to the fact that people are having a hard time now and most will opt to stay home or locally rather than driving a hundred miles to their normal Holliday venues.

It always makes me shake my head when people here in America complain about oppression and lack of freedom. They have obviously NEVER been to other countries around the world to see how good they really have it.

A lot of people I know are saying they are not doing any parties or trips for the 4th of July because of how high the cost of everything is.

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for.

Hmm here we are 2 weeks out from initial release of this video