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To: Tolerance Sucks Rocks

The actual rate of inflation is about 7% (Shadow-stats figure).

Which means a 50% devaluation in 10 years - and that’s assuming that the dollar remains the world’s reserve currency.

More likely the reserve status of the dollar will be lost (countries will trade for oil using precious metals instead). This will force an 50% to 80% devaluation of the dollar over the period of about a month.


5 posted on 02/07/2012 4:24:13 AM PST by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: agere_contra

Just image what the real ‘real’ (inflation adjusted) GDP is!


15 posted on 02/07/2012 7:26:47 AM PST by khelus
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To: agere_contra
The actual rate of inflation is about 7% (Shadow-stats figure).

Using the pre-1980 methodology its over 10%, which is obvious to anyone who has been to the grocery store lately or filled up with gas. The "official" unemployment and inflation numbers are strictly for political propaganda purposes only. Anyone with half a clue regards them as a form of sick humor.

17 posted on 02/07/2012 8:03:00 AM PST by Timocrat (Ingnorantia non excusat)
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