Posted on 04/04/2011 9:18:11 PM PDT by Perdogg
A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday.
(Excerpt) Read more at cnbc.com ...
This is coming from the same idiot who asserted that there was no INFLATION?! =.=
You lie!!!!
That is just what I was thinking.
Me too.
Most comments on this thread have nothing to do with prices, their pure politics. The routine here is that the church-of-doom sings a chorus of "We Got Hyperinflation" and when a newcomer mentions actual prices (you know, like money) the congregation goes wild.
Those of us just watching overall price trends know actual real life inflation dangers are nothing compared to this child like hyperinflation scare. Like watching libs at a global warming rally.
Not to worry, they’ll temporarily “fix” it during barry’s campaign.
Such BS. They are already planning the next QE 3, or is it QE 4.
This bunch is in dire need of Haloperidol (an antipsychotic medication used to treat patients that suffer from delusions, hallucinations, unorganized thought)
I'm stealing this fact for my tagline.
-——saying inflation would probably remain moderate.-———
To eat the debt with compounded moderated inflation, the inflation must be prolonged. It must be global.
International linked currency deflation must occur at a tolerable rate for as long as necessary to absorb the debt imbalance
It's true that price trends affect the impact of the burden of debt, but the idea here is to handle public debt with economic growth, not inflation. The moderate inflation is only needed for preventing deflation.
In other news, The Onion, an organization that reports news events in a satirical and cynical vein declared bankruptcy today. The Onion’s chief editor, I. M. Stuned is quoted as saying, “Who can compete in this market with these megamasters of bulls#!t news reporters such as CNBC, CNN, MSNBC, AP, Reuters, and the like? There’s no longer any credible way the reading public can discern between what we use to write in a tongue-in-cheek manner and today’s bizarre reality.”
Yeah, your crystal ball has worked pretty good for you so far, hasn’t it Benny boy..
The dollar will continue to fall much in the long run. The falling dollar is a consequence of globalism, free trade, etc. Foreigners manufacturing products get more wealthy and buy cars (higher oil) and other consumer items. Foreign vendors raise prices in reaction. Foreign product prices go up for foreign workers, Americans, all. Thus, with foreign product prices up, it also takes more US dollars to buy those products.
Do you see the light now? ...see what’s going on? Prepare for US default, currency wars, trade wars,...
“...Fusion centers ...”
???
Could you expand on Fusion centers? I have not heard or read of them.
Thanks for your informative post.
Be glad to. But I don’t have the links to this topic.
Fusion centers are where our various “police” forces, from local cops to FBI, share information. They are compiling data on all “suspicious” citizens. These centers have the same districts that FEMA has. It is more talked about on “nook” blogs, but they are real, and the law has been changed to accommodate them.
I also used to have a link to the RAND corp paper about how to merge our military forces with local police into an international police force.
It is all below the threshold of the MSM, of course.
Thanks for the important information.
Some would point out that inflation makes paying off debts easier, but let's go with the idea that Obama and Bernanke got together and decided to bring about a US gov't default and that's why we've got runaway hyperinflation.
Seriously?
Hold it, I thought Bernacke said there was no inflation.
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