Posted on 06/20/2014 8:49:31 PM PDT by george76
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high.
In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.
But you would never know that listening to Federal Reserve chair Janet Yellen.
...
median household income in the U.S. is now about 7 percent lower than it was in the year 2000 after adjusting for inflation.
And if realistic inflation numbers were used instead of the government-manipulated ones, it would look a lot worse than that.
Inflation is a hidden tax that all of us pay, and it is systematically eviscerating the middle class.
(Excerpt) Read more at zerohedge.com ...
Funny how food and fuel only seem to "volatile" in an upward direction.
This does fit very nicely into hollowing out the middle class. Drive more and more to be dependent on the State. Leave a thin layer of the big government elites. A permanent slave class and a permanent ruling class.
Yep - they have found the recipe that will put the final nail in the coffin of the middle class; inflation without the normal wage increases that offset it for those who work for a living.
...”I disagree with the whole premise of this article. For example, three years ago a can of my favorite energy drink cost $1.50. Today, that drink still costs $1.50. No inflation there.
It should be noted that three years ago, the drink came in a 12 oz can. Today it comes in an 8.9 oz can. But I think that was caused by global warming”...
So, you noticed that, eh! It has been happening for a while now and to some products which have also gone way up in price. Just wait until we can’t afford our electricity because of not being allowed to use our now clean coal. How can anyone not think this is a plan to destroy our nation which means destroying most Americans. No logic on earth can level with the idea of destroying your own people..You save your hatred for your enemies. I guess those of us who love this nation and are distressed over the “revolution,” are the enemies.
The bogus inflation stats are insulting and meaningless because they eliminate all the costs connected to the activities of daily living..The must have items required to survive. I don’t need a new sofa. I need to feed my family and be able to buy gas for my car so that I can do my job and go to the grocery store.
...”Wife and I are in the same boat. Every month we’re dipping into our savings. If we scrimp all we can we’ll run out of savings in about 4 years. And that’s only if nothing major breaks like the AC or the car or our bodies. I know we’re better off that a lot of people and we’re grateful for that. But it’s getting very scary. And it’s going to get worse before, or if, it ever gets better”...
The day is not far off when people will have to double up in their homes, either with family or with friends. Also, people will need to get back to “soup beans and cornbread,” which I was reared on. Actually, it provides good protein, but people will not like giving up fast food. We are living in a volatile time and the country is sick of the politically elite who have brought all this down on our heads.
-——everything else-——
I don’t buy much any more, Don’t need to.
But yesterday I went to Walmart to check for popping bugs, I need them to slay the bluegills with my fly rod. They had an assortment for $11.70 . That seemed expensive, very expensive even tho a similar assortment at Bass Pro Shop was twice that price.
As I recall the price for a similar assortment year before last was around $8. There was a sizeable increase.
I have been predicting the inflation for 2 years now because it is the only way to reduce the national debt. It must be inflated away. The rate must be as high as can be tolerated. In my mind that is <7% .
There is a hue and cry to increase the minimum wage. There is a war on coal. Both are tactics to induce and increase inflation. The former is to create general wage inflation and the latter for energy. An increase in these two economic factors will force prices to rise on everything, all across the board.
Don’t buy debt, buy equities. A mortgage today will make you money
...”you have to fight to get raises in this economy, at least in the private sector....
and the raises don’t even coverage just the rise in food prices....let alone everything else....
only thing to do is buy on sale, stock up on sale....reuse, and recyle...”...
And, take a hard look at your vote. Not everyone in Washington is far left..It is time to ferret out those with Communist leanings..At least do not vote for them in the next election. Do your own research and find the most truthful media outlets to get information from. I would avoid the major networks..NBC, ABC, and CBS, plus CNN and MSNBC. Although I do not agree with everything I get from FOX, they are by far the most accurate at reporting on what actually is happening to us day in and day out. The others do not report on major events important to most Americans. The 4th of July is just around the corner. I will be going to see Dinesh d’Souza’s film, America, Imagine a World Without Her. He is being persecuted right now by our current government and everyone knows it is because he is educating us about our nation through these films. The central core involved in the fall of great nations is economic, but preceding such an economy as we have is moral and political corruption. It is time to try in every way to educate those among who know nothing about the different forms of government and the consequences of each to the people they serve.
We have seen an big up tick in grocery bills. Our church does a food pantry, and it has a much larger client list than it did 3 yrs ago. We are in a flood plain recovering area. Madrid Fault line, Tornado alley to boot. Which means all those insurances went UP.
If it is not on sale, doesn’t have a coupon, no fuel points, unless it is a dire necessity it is skipped. More store brands. Looking in the freezer at the Commissary from frozen meats marked down. As that is the biggest food expense. Next to $4 box of cereal or $2.50 half gallon of milk, Margarine mow cost as much as butter, and TP. Charities have been cut off, with the Exception of my monthly donation to FR. Even zip lock bags that do not contain meat get washed and reused until they wear out.
On target with stock up, but remember to rotate so they don’t go out of date. Margarine bowels are excellent left over containers for soup to freeze if you make a big pot.
The CPI includes food and energy costs. That is the CPI used for pensions and SS.
http://www.bls.gov/news.release/cpi.nr0.htm
While they do calculate and publish the "core CPI" without food and energy, along with many other indexes, that is not the one used for pensions and SS.
20% per year on everyday essentials, the dollar has lost 50% of its value since Obama was elected. Go ahead print more, it’s a stealth tax.
Then dollar is tanking.
The dollar is tanking.
“you have to fight to get raises in this economy, at least in the private sector”
The same is true in the public sector, SORT OF.
Public sector employees in Ohio loudly and continuously complain about lack of getting raises, because they get no raises except for the automatic ones tied to inflation.
The Public sector employees say these raises are not really raises since they simply make up for inflation.
And, seriously...to what end? The ONLY thing that has kept Socialism going for the past 50+ years is that we’re such a stinkin’ WEALTHY country! We have the LUXURY of even ENTERTAINING it! Grrrrr!
It’s probably not going to happen in our lifetimes, but when they run out of taxpayer dollars from we PRODUCERS, the game is up. We’re about half way there, I reckon. Meanwhile, The Elitists can skim enough off the top that they’ll not have to worry about it when it all falls apart.
Rat b@stards. All of them!
“I don’t know how the average person can afford to smoke or drink.”
I do. It is called welfare plus working under the table to keep your welfare.
Working under the table: It’s no longer just for Illegals anymore, It’s the American way of life.
Costco still gives decent value for a really large quantity of something.
Yep. TRY keeping good employees through all of this. Can’t pay them what they’re worth, that’s for sure! It’s maddening!
Thank goodness I’ve always been a ‘Rice and Beans’ kind of Gal. :)
“Go ahead print more, it’s a stealth tax.”
Actually, it is boon to the wealthy who can borrow at 1.1 percent above LIBOR which is me.
I borrow really cheaply, buy an asset, inflation causes value of asset to go up which means I can borrow more at next to nothing and repeat.
It is called the carry trade, borrowing for zero and investing in dividend paying stocks yielding 2-3 percent.
I could do that, but when the carry trade starts to unwind, it is quite vicious so I am too scared to do a lot of it.
“ut when they run out of taxpayer dollars from we PRODUCERS, the game is up. We’re about half way there, I reckon. “
The game is up when we have fracked our last barrel of oil which is about 2025. USA is now very close to being the leading oil producer in the world. The oil bonanza will continue to get bigger until about 2025 when the oil from fracking will peak.
It it were not for fracking, Oil would be about 140 a barrel right now and we would be so screwed. US oil trades at about 106 while Brent is about 113.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.