Re: Long expected price inflation is starting.
- From: Shall not be infringed <hot-ham-and-cheese@xxxxxxxxxxx>
- Date: Sat, 8 Jan 2011 11:53:29 -0800 (PST)
On Jan 8, 1:31 pm, Winston_Smith <inva...@xxxxxxxxxxxxx> wrote:
Making breakfast I noticed the "gallon" of OJ I just bought is
actually 59 oz instead of the 64oz it has been for decades. Same
price. That's 8.5% price inflation.
You should notice the ever changing size and weights of cereal boxes.
Looks like it's time to roatate another three boxes of quaker oats
into the pantry, and two 10lb bags of rice.
They can report zero inflation,
By "they" do you refer to the 0bama administration?
- and they can yammer about fear of
deflation to get to print some more - because food and energy are not
necessities and don't figure in the governments commonly quoted
inflation figures.
Oil is flirting with $100/barrel. Traditionally that has meant
$3/gallon gasoline. But "experts" are saying $4 or maybe $5 by the
end of summer so we can assume oil will get to $130 to $150/barrel.
Simple fact, the dollars' buying power is smaller because there is so
many more of them now.
QE1, QE2.
QE3, 4, 5?
Thank you Misters Bush and Obama from printing massive amounts of
money for your banker/wall street buddies. Now you can beat your
chests about no new taxes while we all get raked over the coals by a
hidden tax called price inflation.
Ron Paul for Chairman...
Go ahead, and let Bernanke have his QE147 or whatever did this one
will be, the die is cast. In fact that fool is now saying it might be
five years before the economy turns around. Yikes, that's just the
normal business cycle but the Lords of Washington will claim their
print-fests are what did the job.
Of course.
.
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