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At This Point, Even the Mainstream Media Knows Inflation is a Problem
I find it
odd (to say the least) that anyone on the planet even considers paying
attention to the Fed’s CPI measure. According to CPI inflation has only risen
3.2% in the last 12 months.
This is during
a period in which gas rose 33% while ground beef, cheese, and vegetables are
all up in the double digits as well. Heck, even RENT rates have jumped in the
last year. But somehow because housing prices and iPads have fallen in price…
inflation is under control.
At this
point even the mainstream media has begun to realize the Fed is lying about
inflation. See the following:
Gas tanks are draining family
budgets
There's less money this summer for
hotel rooms, surfboards and bathing suits. It's all going into the gas tank.
High prices at the pump are putting a
squeeze on the family budget as the traditional summer driving season begins.
For every $10 the typical household earns before taxes, almost a full dollar
now goes toward gas, a 40 percent bigger bite than normal.
Households spent an average of $369 on
gas last month. In April 2009, they spent just $201. Families now spend more
filling up than they spend on cars, clothes or recreation. Last year, they
spent less on gasoline than each of those things.
http://news.yahoo.com/s/ap/20110527/ap_on_bi_ge/us_gasoline_summer_squeeze
Consumer
Corner: Food prices skyrocket
Whether it was a backyard barbecue for
lunch, or you're just getting the grill fired up for dinner, the holiday
cookout is costing you a little more this year.
If the burgers at this years memorial
day BBQ seemed a little deflated… you may have inflation to thank.
Nationwide, the average cost of a
Memorial Day BBQ is up 29-percent, something many grilling outside for the
holiday noticed this weekend.
Many people guessed it had to do with
gas. While gas is the driving factor behind the hike in food prices, (gas is up
more than 33 percent in the past year), it doesn't make the numbers any easier
to stomach.
According to the department of labor,
the price of ground beef and cheese are up 12% over last year.And veggies have
seen an even bigger spike. Lettuce is up 28% and tomatoes up 86!! But the biggest
price increase… corn on the cob - up 150%
http://www.cbs19.tv/story/14753236/consumer-corner-food-prices-skyrocket
On that
note, I’m offering a FREE Special Report telling investors how to prepare for
the ongoing inflationary storm. I call it The
Inflationary Disaster and it
details three investments that are all up sharply (and will continue to rise)
as inflation grips the markets.
All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.
To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Good
Investing!
Graham
Summers.
PS. We also
offer a FREE Special Report specifying exactly how to prepare for the coming
collapse in the US stock market (inflation will NOT be positive for stocks for
much longer).
I call it The
Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a
wealth of information about portfolio protection, which investments to own and
how to take out Catastrophe Insurance on the stock market (this “insurance”
paid out triple digit gains in the Autumn of 2008).
Again, this
is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
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They always knew that inflation was a problem ... They just don't talk about it because it is a closely held state secret.
I am reminded of an old joke from Poland in the communist days....
Question: Where in Warsaw do you get the best view?
Answer: From the top of the Soviet Palace of Culture?
Question: Why?
Answer: Because that's the only place from which you can't see the Soviet Palace of Culture.
In the past six months:
Milk: $2.00 to $2.50 a gallon
Bread: $1.00 to $1.50 a loaf
Coffee: $7.00 to $11.50 per 33 oz. (yeah, used to be 39 oz.)
Eggs: $.89 per dozen to $1.49 per dozen
And do they use cost of insurance premiums and deductibles? Nearly doubled fees from cities and states for everything? You know, that stuff everyone has to pay for?
Just wait until the rest of the world decides to dump the FRN as the worlds reserve currency, and 40 years of exporting inflation all comes crashing back to us at once.
Not to worry, as the economy starts to fold up like a broken jack knife, deflation will set in again. And then a new money-flood begins. And then, repeat with chorus.
What we need is a new Plaza Accords II, get this crap over with quick. Whack the dollar by 75% and get 'er done with. But, then, Mr. Volker is now just another stuffed shirt in the White House . . . assuming they even let him in anymore.
Depends which side of the equation you're on.
To the bankster scum and the corporate oligarchs bleeding the middle class it's a solution.
somebody gotta say it.....gold beyatchezzzzzzz
The overarching problem is that the media is in the business to report news. If you look at CNBC, they'll have some stooge talking about companies and earnings. What is truly missing is context. Nothing is explained in terms of timeline or strategies to mitigate risk. In other words, its just a bunch of shills and stooges selling their wares.
No wonder the genreal public is ignorant. No wonder Zero Hedge has replaced the mainstream media. At least on here, you get ALL opinions with commentary and insight, from which, you can form your own opinion.
Yes, but there is still paid people selling their wares here as well... Hence, notice the author pushing his "free" guide.... Ya, and I am sure he is paying his mortgage on that free guide and selling gloom and doom.