Biden Says Americans Will Suffer Inflation "As Long as It Takes" to Defeat Putin

President Joe Biden waves to the guests during a CNN Town Hall with Anderson Cooper Monday, Feb. 16, 2021, at the Pabst Theater in Milwaukee, Wisconsin. (Official White House Photo by Adam Schultz)

Joe Biden has repeatedly doubled down on his accusations that the inflation American families are suffering through is Vladimir Putin’s fault, even though price increases began before the war in Ukraine. Now, Biden has admitted that Americans will be forced to suffer inflation “as long as it takes” to defeat Putin. The Daily Mail’s Emily Goodin reports:

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President Joe Biden on Thursday said Americans should pay higher gas prices for ‘as long as it takes’ as he doubled down on blaming Russian President Vladimir Putin for the United States’ domestic woes.

Biden, in a press conference wrapping up his NATO summit, addressed the high prices Americans are paying at the pump and the record high inflation facing the country even as he argued other nations have even higher prices.

And he angrily argued American is not going backwards under his presidency.

Domestic issues – abortion, gas prices, and the economy – dominated Biden’s press conference.

‘As long as it takes,’ the president said when asked how long Americans will pay nearly $5 a gallon at the pump. The average price of gas is $4.857.

He argued it was necessary to help Ukraine fight off Russia.

‘Russia cannot in fact, defeat Ukraine and move beyond Ukraine. This is a critical critical position for the world,’ the president said.

Action Line: Americans simply don’t believe Biden’s “Putin Price Hike” story. They know that massive federal spending, Federal Reserve money printing, and economic dislocations caused by Democrat-run state lockdowns have driven inflation to 1980s level. Those hit hardest are retirees and those soon to retire who are faced with a fixed income and rising costs. Many haven’t built an investment portfolio capable of fighting inflation, and they’re worried. If you’re looking for help building an investment portfolio with inflation in mind, I’d love to help.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.