Monday, March 21, 2011

USA cost of living is rising twice as fast as in Zimbabwe.

Yesterday, the Zimbabwe National Statistical Agency announced that consumer prices slowed last month to an annualized 3%.

But this morning, here in the good ol' USA, the Bureau of Labor Statistics (BLS) announced the U.S. consumer price index (CPI) rose 0.5% last month -- which works out to a 6% annual clip.

Yes, this is Zimbabwe where once $100 trillion was worth about $30.

“Since the expansive Federal Reserve program of quantitative easing began in late 2008,” testified investment banker Lewis Lehrman in the House Domestic Monetary Policy Subcommittee, “oil prices have almost tripled, gasoline prices have almost doubled.

“Basic world food prices, such as sugar, corn, soybean and wheat, have almost doubled,” he added.

Don't rely on the Republicans or Democrats to save you. They are the ones who got you into this mess.

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