[jrsmc]

Someone posted an interesting analysis on a thread last week indicating that the real inflation rate in the U.S. for the last twelve months was something on the order of 18% — not the 2% to 3% reported by the Federal government.

According to Real Data M3 is at 18% and GDP is falling 2% for a total of 20% monetary inflation, which in my book is hyperinflation.

The only reason that the dollar has not totally collapsed is that other central banks are also hyperinflating.

[rb22982]

Besides gas—which is about 5% of my budget (up around 20% from last year) and food which is around 8 % of my budget (up around 7%), nothing else is over 3%. When you take the decline in housing which is 40% of the inflation rate, it’s basically a wash there. TVs, Electronics & clothing have actually gotten cheaper this year. Anyone who actually believes that real inflation is at 20% is a out and out kook. If you drive an SUV getting 12 mpg and live 60-100 miles from work...sorry I don’t sympathize with you at all.