The Mogambo Guru comments on the rate of inflation:
You can imagine my response to this arrogance. Finally, once again, having had it Up To Here (UTH) with their insults and rude laughter, I explode in their faces “Inflation is still going up, you morons! Prices are still increasing! Watch my lips, morons! Prices are going up! The stupid CPI may show that the rate of inflation decreased by a lousy tenth of a percent lately, which I don’t believe for a second, but prices are still increasing by 2.2%! So what in the hell are you gloating about when the buying power of your money is being destroyed?”
Well, the conversation got pretty heated after I told them that this discussion about inflation was the perfect opportunity to tell them that I was, again, forced to cut expenses so that I could get a little more money to buy a little more gold, silver and oil.
and
So, I will say that I think that the real reason that the CPI is merely rising 2.2%, and not soaring as a result of all of this money being created around the world, is because the cost of housing constitutes a full 40% of the index, but now that the housing bubble has bust, the glut of housing on the market is causing the cost of housing to plummet, taking the CPI abnormally down.
via Inflation Still a Problem, Despite “Evidence” to the Contrary.
I will also add that the government “adjusts” the CPI, changing what is included and how it is counted, whenever the CPI shows that prices are increasing at a rate that they do not want to report.
After all, if the CPI goes up too quickly or too high, they have to adjust all sorts of things and benefits and payouts, like Social Security, which put the government (meaning us, the taxpayers,) even deeper in debt than it (we) already is (are).
Of course, the answer to Roger’s unanswered question towards the end there was: They’ll get bailout money from the International Monetary fund (IMF), which is overwhelmingly funded by the United States, via the Federal Reserve banks.
Now, the United States does not have any money either; we are on the verge of bankruptcy also, but the Federal Reserve is able to create money out of thin air and loan it to the Treasury, which can then fund all U.S. operations. Although, in this instance, the Fed is giving itself authorization to print and loan money directly to the IMF in order to keep their brother banks in business and guarantee that they can continue to pay interest on previous loans.
It’s all rather wacky, really. But don’t worry – they have plans to replace it with a “new and improved” system, which is really just the current system with fewer participants: a global banking system and global currency, with a single bank ruling the economies of the world.
Can you imagine?
I say we go back to silver and gold, as required by the Constitution.
“This company is a great example of the stimulus act doing what it was supposed to do,” Ecotality spokeswoman Jeanine L’Ecuyer said.
“ETEC was teetering. It was a company trying very hard to stay in business. This grant has created jobs and put this company back on track.”
ETEC had 23 employees before the grant. It already has hired 50 people in Phoenix and San Diego, and Oregon, Tennessee and Washington to coordinate the rollout and find contractors who will install the chargers.
via Massive stimulus grant boosts electric-car charging company, creates jobs.
In other news, taxpayers reported $99.8 million in losses, and employers across the nation reported the elimination of 50+ positions throughout the economy. Millions of Americans saw the value of their savings decline due to inflation caused by the Federal Reserve allowing Congress to throw money from helicopters over Arizona.
Henry Hazlitt already covered how this works. See:
