Wednesday, January 19, 2011

Inflation: The Incredible Shrinking Dollar

Guess what? Your pocket has been picked.
I don’t mean your wallet, or even its contents. What I am referring to is the buying power of the money it contains.
The consumer price index (CPI) tells the story. As you know, it measures the change in prices of a fixed basket of goods and services that the typical household supposedly purchases every month.
The recent trend of the CPI does not reveal much to worry about. In 2010, consumer prices rose a relatively benign 1.5%.
However, there is more to this story. For one thing, prices in the month of December alone rose a whopping 0.5%. That was the biggest monthly rise since June 2009.

And the fact that most of the rise was traceable to an 8.5% jump in energy should not ameliorate our concerns, since we all use energy just like we all consume food.
Besides food and energy, other items in the consumer’s basket went up as well, including health care, apparel and airline fares. Few items fell.
Longer term, the buck’s buying power has been shrinking for years — indeed, for decades.  
More Here..

1 comment:

  1. Only a “racist”would ask if it is possible that the "socialist lefty" Obama will have a no questions asked second term.

    It cost six hundred billion for the CIA and the elite to get the Messiah elected last time.
    After both he and Mc Cain had displayed bi-partisan support for the Bush/Paulson arranged bailout deal coup over the treasury and continuing the Bush wars for empire.

    Unless Obama continues to do as he is told by his old CIA handler Gates he can be impeached or removed at the drop of a hat.


    Hawaii governor can't find Obama birth certificate
    Suggests controversy could hurt president's re-election chances

    “Hawaii Gov. Neil Abercrombie suggested in an interview published today that a long-form, hospital-generated birth certificate for Barack Obama may not exist within the vital records maintained by the Hawaii Department of Health.

    Read more: Hawaii governor can't find Obama birth certificate

    America, you have been had by the money power and the MSM created Messiah cult!


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