The frauds in D.C. insist that inflation is absolutely no problem. Bernanke says it, so we know it’s true. Of course the official inflation rate doesn’t include foods or fuel, all of which we use daily, but that makes no difference to the D.C. Gang. If they say we have no inflation problems, we don’t, and that’s that. The fact that it defies all the laws of economics, makes no difference. Just look at what has happened to American prices in the last two years.
Two years ago, the average price for a gallon of gas was $1.83, and today, it’s $3.10, or an increase of over 69%. No inflation?
Two years ago, the price of gold was $853, and today, it’s $1375; an increase of 62%, which proves that it has been, and always will be, an excellent purchase and investment. Has your savings account done better? No inflation?
Two years ago, corn was $3.56, and today it is $6.33; a 78% increase. No inflation?
Two years ago, raw sugar cane, (where it’s still grown in Hawaii, Louisiana, and Florida), was $13.37, and today, it’s $35.39; up 164%. No inflation?
Two years ago, Soybeans were $9.66, and today, $13.75; an increase of over 42%. No inflation?
Other than real estate, which has been driven down by the D.C. Gang and its cohorts, all prices of tangible items are up in dollars, as the dollar experiences its slow death. Should you get out of dying dollars, and into tangible gold and silver? Of course.
In the last two years, unemployment has risen 24% in all sectors, and average household income has decreased by a bit less than a percentage point. The number of food stamp users in the last two years, has increased by 35%, and the number of unemployment benefits receivers has increased by 22%. The number of long term unemployed has increased by 146%. There are 43,600 people living at the poverty level in the U.S. now, compared to 39,800 two years ago. The national debt has risen by 32% in the last two years, and the money supply (M 1) has increased by over 18%, proving that Stott’s Law, (The more of anything there is, the less they will be worth), is true.
Why do most Americans believe every utterance by the government, NBC, CBS, ABC, etc? Maybe that is answered by a partial page from a book I read during the seven hour flight from Denver to Honolulu a couple of weeks ago. I threw the book away, but tore a page from it, since that was the only worthwhile thing I found in it.
Part of it reads, “American businesses spend more on advertising than any other country in the world. Of course they must, given the quality of American products. (Not always true ). As one of our columnists recently noted, the great majority of Americans couldn’t find their own behinds with both hands. The intelligence of the American is abysmal. A crude, cultureless people, slapping each other on the back as they drift ever deeper into debt. But what I want to draw your attention to is the sheer volume of commercial messages you see along the motorways.” And every news broadcast or newspaper story has the same old messages from D.C.: We have no inflation problem.
We have all been media blinded by the smooth talking, ever present, lying, propaganda, from D.C. saying that all is well. It isn’t. Worry about the dollar collapsing? There’s a strong movement afoot to remove the buck as the world’s reserve currency, and if that happens, thanks to D.C., guess what will happen to prices? Ever higher, that’s what. The buck has been slowly going down since FDR began the welfare system and huge spending, but never has it been officially devalued. It could happen. Vietnam devalued theirs last Friday. Which is the more beautiful, a paper passbook paying 1% interest, or a magnificent one ounce gold bar or coin, that has gone up 60% in the last two years? “Get out of town before it’s too late?” An old saying, which probably should be revamped to, “Get out of dollars before it’s too late.”
China is having close to 5% inflation EVERY MONTH. No wonder the populace is buying gold. Vietnam is having close to 10% inflation EVERY MONTH. If a Vietnamese had bought gold last month, it would have been up 10% this month, and their currency would have bought 10% less this month. Utter simplicity. If a Chinaman had bought gold last month, its price would have gone up close to 5% this month, and his money would have bought close to 5% less this month. If an American had bought gold ten years ago at $150 an ounce, his gold would have gone up 850%, and his dollars would buy 850% less. The same process will continue. “Gold will never go to $1,000 an ounce,” was a very common expression a couple of years ago. Another common expression ten years ago was, “Gold will never go to $300 an ounce,” or “Gas will never go to a dollar a gallon.” Wise up people. Send this column to everyone on your list…for their benefit.