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.
Monday, March 21, 2011
Tuesday, March 15, 2011
Video on how to prevent the Collapse of America
This is a concise video on how this economic collapse happened in America and what needs to be done to correct it.
We are in this mess because we want the government to take from others to help us. We must take responsibility for ourselves and then also be willing to help others. However, the government should not forcibly take from one person and give to another. We must be willing to sacrifice our standard of living not another person's standard of living.
We are in this mess because we want the government to take from others to help us. We must take responsibility for ourselves and then also be willing to help others. However, the government should not forcibly take from one person and give to another. We must be willing to sacrifice our standard of living not another person's standard of living.
Thursday, March 3, 2011
The battle between the public employees and the taxpayers.
The growing battle between public employee unions and taxpayers is getting out of hand. On one side are the state employees who think you owe them a livelihood, full health benefits, and a stout retirement income. On the other side are the producers, the taxpayers who've had no voice in government for decades.
The main reason so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.
When the employees of a grocery store, for example, go on strike and shut down the store, consumers can simply shop elsewhere, and the grocery-store management is perfectly free to hire replacement workers. In contrast, when a city teachers’ or garbage-truck drivers’ union goes on strike, there is no school and no garbage collection as long as the strike goes on. In addition, teachers’ tenure (typically after two or three years in government schools) and civil service regulations make it extremely costly if not virtually impossible to hire replacement workers.
Since the taxpayers are overtaxed already, the government has to finance the public sector by increasing debt, inflation, and printing money.
It cannot continue forever. We have waiting too long. We must do something now.
The main reason so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies.
When the employees of a grocery store, for example, go on strike and shut down the store, consumers can simply shop elsewhere, and the grocery-store management is perfectly free to hire replacement workers. In contrast, when a city teachers’ or garbage-truck drivers’ union goes on strike, there is no school and no garbage collection as long as the strike goes on. In addition, teachers’ tenure (typically after two or three years in government schools) and civil service regulations make it extremely costly if not virtually impossible to hire replacement workers.
Since the taxpayers are overtaxed already, the government has to finance the public sector by increasing debt, inflation, and printing money.
It cannot continue forever. We have waiting too long. We must do something now.
Inflation is back. Is hyperinflation going soon?
Inflation is back and it is back with a vengeance. If you want to buy a food item imported from abroad, you'll pay about 30% more than you did a year ago. Or, if you want to buy a barrel of oil, that will cost you about 60% more.
Almost every business in America uses imported energy. Every American eats. As far as we know, you can't buy home-grown pineapples or coffee beans – not in the 48 states! And so, what do you know? Prices are going up.
In January, core consumer prices – not including food and energy, directly – rose 0.4%. Projected annually, that is 4.8% and it doesn't include necessities like food and energy.
By not including necessities, the government tries convince the people that inflation is low, but when they shop or pay their utility bills, they know that inflation is back with a vengeance.
How long before we have hyperinflation. Not very long if the government keeps printing money.
Almost every business in America uses imported energy. Every American eats. As far as we know, you can't buy home-grown pineapples or coffee beans – not in the 48 states! And so, what do you know? Prices are going up.
In January, core consumer prices – not including food and energy, directly – rose 0.4%. Projected annually, that is 4.8% and it doesn't include necessities like food and energy.
By not including necessities, the government tries convince the people that inflation is low, but when they shop or pay their utility bills, they know that inflation is back with a vengeance.
How long before we have hyperinflation. Not very long if the government keeps printing money.
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