Posted on 06/21/2013 6:19:51 AM PDT by SeekAndFind
That's all we need to know.
Until the price of arugula goes up dramatically, the chattering class will have no idea what the "other half" Joe six-pack is dealing with.
It’s not so much that they were early - what happened is the government has been heavily manipulating gold / silver down over the last couple years when all indicators are it should’ve gone up.
The inflation is all there - they’re just hiding it as long as they possibly can.
bflr
I agree with what you wrote above. I would suggest two other things are relevant to this discussion.
1 - Financial folks - especially investment advisors - are more concerned with investment instruments and the influence of inflation on making money using different vehicles. Most of us are more concerned with making our bills and feeding our families. This has created a disconnect in what most of us see with our own eyes and what we read in the financial media. They say no inflation because they don’t measure the price of groceries and necessities - we see inflation because we measure it by things we know - milk, eggs, our favorite meal at a restaurant, or a bag of chips.
2 - While I agree with your assessment that we seem to be stuck in a long term recession there is an inevitability as long as the government fails to slash it’s spending in half and as long as the Fed continues to pump money into the financial markets - inflation. It will happen eventually because you can’t continue to borrow and print dollars without creating inflation. The dollar has unique status, but ultimately that status is backed by the faith of other nations that a dollar is worth something. That faith is crumbling due to our irresponsible behavior and we will see more nations/markets demanding more dollars for the same products such as oil and coffee. Continuing on this course will result in the dollar losing it’s special status and we will be in a world of hurt. I don’t see any way we can avoid this given our current leadership and direction so the only thing left to argue about is “when” instead of “what” and will it be gradual or sudden. We only control our destiny with the dollar if our leaders can behave responsibly.
Last year a 2X4 stud was $1.99-2.25.
This year it is $2.80-3.29.
These numbers added together and divided by 2 give a price rise of $0.92. Or just about a %50 increase in price.
Wages do not have to go up for inflation to happen. Nixon caused inflation in the 70’s when he put wage controls into force. True this was caused by a shortage of supply, but prices went up with out wages going up.
I believe the author of the article is lying
Yes : But he is a Democrat and that makes it ok.
Even moderate inflation will wreck this economy. A debt payment of 300 million, if inflation doubles becomes 600 million, and if it triples (7%), it becomes a trillion.
I remember being taught that one should count on inflation averaging about 6%.
Hyperinflation will start a depression or something worse, whatever that might be.
The goobermint has to lie and keep the official inflation rate low in order to keep the cost of living increases of social security payments low.
This is all a setup to collapse the economy so that Communism can be offered by Obama and his follow commies as the answer.
The collapse is immanent. Interest rate will skyrocket, housing will collapse, stock market will collapse, yet the bond market will also collapse as it was sold at 0% interest and cannot be refinanced.
That giant sucking sound is the federal government sucking in all the money and power.
Thinks Brazil in the 'eighties and early 'nineties, or Bosnia in 1992-1993.
The modern technological equivalent of bread and circuses, with the added advantage that it brings non-stop elitist propaganda into your home if you're dumb enough to tune in.
Hyperinflation is something different - it's a loss of faith in a country's fiat currency.
The modern technological equivalent of bread and circuses, with the added advantage that it brings non-stop elitist propaganda into your home if you’re dumb enough to tune in.
And the last part of your sentence covers why I dumped TV in 1997. :-D
Excellent post.
“When was the last time this writer went to a grocery store, out of touch much!!!
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I am 69 years old and have lived in South Carolina all that time except for 3 years in the Navy and a year in North Carolina. I was amazed when I realized that groceries had become so expensive that it was possible to haul $100. worth in a large station wagon. I was amazed again when I realized you could pack a hundred worth in a large sedan. I was amazed when I realized you could pack a hundred worth in the TRUNK of a large sedan. I was amazed again to realize you could pack it in one grocery cart. I was amazed again when I realized I could lift a hundred dollars worth. I was amazed again to realize I could carry that much with both arms. Again I was amazed to realize I could carry that much on ONE arm. NOW MY SIXTY ONE YEAR OLD WIFE WHO IS DRAWING DISABILITY FOR HER MANY AILMENTS CAN CARRY A HUNDRED DOLLARS WORTH OF GROCERIES!!!!! Anyone who thinks there is no inflation is out of touch with reality. Anyone who believes the official government figures is an idiot on a par with Joe Biden.
I know whereof I speak, born during WWII I have seen the transition from when a hundred dollars worth of groceries would fill the bed of a pickup truck with side planks to now when an old lady can carry a hundred dollars worth. I hope I am getting my meaning across to some of the younger folks.
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