05-09-2011, 02:36 AM
There is inflation even though the government refuses to admit it. This is a great example.
The Obama administration/Congress has not given social security recipients or military retirees a cost of living increase in two years.
Prices are clearly rising. Two months ago, bacon by the slice cost $3.99 a pound in my local supermarket. It was often marked down to $2.59 a pound. A month ago the price rose to $4.99 a pound. It is now $5.49 a pound.
Sugar is no longer sold in 5 pound bags. It is now all sold in 4 pound bags, and these cost more than the old 5 pound bags. Salt has doubled in price. I'm sure you can find more examples.
The Fed is monetizing the debt, and our two party kleptocracy cheers this on.
The price of Gold is a clear indicator of the value of the dollar.
Batten down the hatches; things are going to get worse before they get better.
The Obama administration/Congress has not given social security recipients or military retirees a cost of living increase in two years.
Prices are clearly rising. Two months ago, bacon by the slice cost $3.99 a pound in my local supermarket. It was often marked down to $2.59 a pound. A month ago the price rose to $4.99 a pound. It is now $5.49 a pound.
Sugar is no longer sold in 5 pound bags. It is now all sold in 4 pound bags, and these cost more than the old 5 pound bags. Salt has doubled in price. I'm sure you can find more examples.
The Fed is monetizing the debt, and our two party kleptocracy cheers this on.
The price of Gold is a clear indicator of the value of the dollar.
Batten down the hatches; things are going to get worse before they get better.