3 chapters across the catalog
The United States increased tariffs on European Union goods to 10% following a WTO ruling on illegal subsidies for Airbus. These trade tensions have expanded to include 25% tariffs on products like French wine and cheese, which consumers are beginning to notice in retail pricing.
Real-World Inflation Examples, Wine and Real Estate
An analysis of prices for luxury wines, residential real estate, and Medicare premiums shows that inflation has far outpaced government estimates since the 1970s. For example, a bottle of BV Private Reserve that cost $4.80 in 1970 should be $27 today but actually costs $90. The hosts argue that the government suppresses inflation numbers to avoid increasing Social Security payments and interest rates.
A comparison of Bordeaux wine prices reveals that the same bottle is significantly cheaper in California than in London, despite the proximity of France to the UK. The hosts argue that these discrepancies point to a "cock-eyed" global trade system and currency manipulation. They note that European tourists are currently flocking to the U.S. to buy imported European goods at a discount.
