All Lies, All the Time: Descent Into the End of Empire; 3% Inflation is Good; Russia is Bad; China, India Won't Buy Russian Oil (yeah, sure)

If it wasn't so sad, it would be funny.

Or maybe it's the other way around.

Just a day after the U.S. imposed sanctions on Russia's two largest oil companies, according to an EXCLUSIVE REPORT by Reuters (who never lie, ever, honest) Chinese firms have decided to scale back their purchases of Russian oil and India is poised to do the same.

Poised: [pɔɪzd] Adjective

having a composed and self-assured manner:

"not every day you saw that poised, competent kid distressed"

The story carries the usual flashpoints of falsity, highlighted below:

SINGAPORE, Oct 23 (Reuters) - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil companies, multiple trade sources said on Thursday.

The move comes as refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude imports from Moscow, to comply with the U.S. sanctions imposed over the Kremlin's invasion of Ukraine.

Notice how that second sentence just blares out India's intentions, without attributing any sources. Supposedly, when the U.S. says to major nuclear-armed nations, "Jump!", they respond by asking, "how high?"

So here comes the delayed CPI report for September. Without looking, Money Daily is going to go out on a limb and say that the numbers beat expectations.

Nailed it. Well, kinda. The report from the always reliable BLS reads thusly:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in September, after rising 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. Note that September CPI data collection was completed before the lapse in appropriations.

The index for gasoline rose 4.1 percent in September and was the largest factor in the all items monthly increase, as the index for energy rose 1.5 percent over the month. The food index increased 0.2 percent over the month as the food at home index rose 0.3 percent and the food away from home index increased 0.1 percent.

The index for all items less food and energy rose 0.2 percent in September, after rising 0.3 percent in each of the 2 preceding months. Indexes that increased over the month include shelter, airline fares, recreation, household furnishings and operations, and apparel. The indexes for motor vehicle insurance, used cars and trucks, and communication were among the few major indexes that decreased in September.

The all items index rose 3.0 percent for the 12 months ending September, after rising 2.9 percent over the 12 months ending August. The all items less food and energy index also rose 3.0 percent over the last 12 months. The energy index increased 2.8 percent for the 12 months ending September. The food index increased 3.1 percent over the last year.

Just wondering... if the September CPI data collection was completed before the "lapse in appropriations", as the press release states, why was the release of the data delayed? The entire government shutdown thing is a massive fraud perpetrated by both parties and the president, who could have come up with a compromise continuing resolution as they always do. They simply did not want to, as their objective is to sow chaos, and, by most accounts, they're doing a swell job of it.

This isn't exactly what one would call "throttling inflation" or whatever color lipstick the Fed or the BLS wishes to paint on this particular piglet's lips.

Inflation is rising, but the "beating expectations" narrative gives the Fed cover to cut interest rates next week at the FOMC meeting )(October 28=29)

CNBC .helps put the lies into perspective:

The September consumer price index report rose 0.3% on the month, bringing the annual inflation rate to 3%, according to the Bureau of Labor Statistics. That’s just below the 0.4% and 3.1% that economists polled by Dow Jones had expected. While the data was lighter than expected, the inflation rate still marked an uptick from the 2.9% seen in August.

So, inflation is getting worse, but, because the completely fabricated numbers from the "partially shut down" BLS beat Wall Street experts’ (who are almost always wrong about everything) expectations, it's all good for the economy, so "buy stocks."

As usual, stock futures shot to the moon. Right around 9:00 am ET - a half hour after the CPI release - Dow futures were up 206 points, NASDAQ futures up 210, and S&P futures were ahead by 39 points.

There are a number of problems with this report, but the most glaring is the claim that gasoline rose 4.1% in September. Money Daily tracks gasoline prices weekly, via gasbuddy.com and we checked. August U.S. national average gas prices ranged between $3.10 and $3.18, while September gas prices fell in a range of $3.10 to $3.19, virtually unchanged.

Even using the lows of August ($3.10) and the September high of $3.19 - which was actually at the beginning of the month; the $3.10 reading came at the end - the difference is 2.9% not 4.0%. Essentially, gas prices were pretty much flat during the summer and oil prices were falling slightly. The BLS just made the numbers up, as usual.

In any case, the obvious takeaway is that the American public, which, apparently, according to experts on the matter in government and media, are dumber than goldfish and will believe anything, are supposed to just accept three percent inflation as a standard good thing. Never mind that the cost of everything (except silver and gold, of course) will double in 23 years.

Since actual inflation is much worse than that - a provable fact just by going shopping for groceries, lumber, clothes, just about anything - the dollar's purchasing power is plummeting faster than the approval rating for congress.

Oh, well, silver and gold are selling off because THERE IS NO INFLATION. (Orwellian)

Next up comes the meeting between President Trump and China's Xi Jinping on Thursday, October 30, on the sideline of the APEC conference in South Korea. There's a safe bet that Trump will return from his overseas trip boasting about how he got Xi to agree to everything, including sharing China’s rare earths and convinced him to stop buying Russian oil. It's all lies, all the time for these people.

Everything will continue to deteriorate in America, which has become a general theme, in case you haven’t noticed since the president and the media keep telling you everything is wonderful.

Not a word out of Washington nor the mainstream media should be believed. The entire world is being lied to about everything. When Russia takes over all of Ukraine, Europe, the UK and the US will claim victory.

This pretty much sums up how the meeting between the leaders of the U.S. and China will go next week:

Trump: We have all the cards.

Xi: We make the cards.

Thank you for your attention to this matter.

At the Close, Thursday, October 23, 2025:
Dow: 46,734.61, +144.20 (+0.31%)
NASDAQ: 22,941.80, +201.40 (+0.89%)
S&P 500: 6,738.44, +39.04 (+0.58%)
NYSE Composite: 21,623.82, +109.11 (+0.51%)