As we all know by now, the inflation thing is all rigged: component factors considered in calculating the inflation index are such that they are practically constant regardless of whatever the inflation should be.
By the way, Don Stott wrote in part, with regard to the coming bailout:-
.......The presses will roll, and their gross mistakes will be covered. We will then get "used" to the dollar possibly becoming worth half of what it is now. After WWI, the dollar was worth 50% less than before, and the same with WWII. I was "used" to 25 cent a gallon gas when I was a kid, and $9.95, 600:16 tires for my car. Now, I am "used" to $125 tires for my car and $1.25 a gallon gas. I was "used" to nickel cokes, and $75 a month apartments, and now am "used" to today's prices in fiat dollars for everything. I will never get "used' to Chinese merchandise as sold in China Marts, and everywhere else, but that's another subject.
When the bail-out happens, not only will prices escalate in dollars, but it is possible that the Euro will make a huge headway in becoming the world trade vehicle. It is possible that the dollar, having lost its purchasing power, due to hyper-inflation, will be a laughing stock. Or perhaps all the currencies will go down together, and we will all get "used" to $10 cokes, $15 a gallon gas, and million dollar, three bedroom development homes. We may get "used" to $5,000 a week salaries, and a $20 an hour minimum wage. Everything will "go up," when the presses roll to bail out the dozens of fools, at Citibank, Morgan/Chase, and others, who caused this. As if the bail won't be bad enough, we still send hundreds of millions overseas weekly through the Ex-Im bank, IMF, World Bank, grants, subsidies to our enemies, and other methods of screwing the taxpayer through inflating the currency............. |
