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Inflation Is Too Low? Are You Kidding Us Bernanke?

BernankeFederal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher.  Yes, he actually came right out and said that.  It almost seems as if Bernanke is trying to purposely hurt the middle class.  On Wednesday, Bernanke told the press that "both sides of our mandate are saying we need to be more accommodative".  Of course he was referring to the Fed's dual mandate to keep unemployment and inflation low, but Bernanke has a very unique interpretation of that mandate.  According to Bernanke, inflation in the U.S. is now "too low".  The official inflation rate is currently sitting at about 1 percent, and Bernanke insists that such a low rate of inflation is not good for the economy.  He would prefer that the rate of inflation be up around 2 percent, and he is hoping that more "monetary accommodation" will help push inflation up and the unemployment rate down.

But what Bernanke will never admit is that the official inflation rate is a total sham.  The way that inflation is calculated has changed more than 20 times since 1978, and each time it has been changed the goal has been to make it appear to be lower than it actually is.

If the rate of inflation was still calculated the way that it was back in 1980, it would be about 8 percent right now and everyone would be screaming about the fact that inflation is way too high.

But instead, Bernanke can get away with claiming that inflation is "too low" because the official government numbers back him up.

Of course many of us already know that inflation is out of control without even looking at any numbers.  We are spending a lot more on the things that we buy on a regular basis than we used to.

For example, when Barack Obama first entered the White House, the average price of a gallon of gasoline was $1.84.  Today, the average price of a gallon of gasoline has nearly doubled.  It is currently sitting at $3.49, but when I filled up my vehicle yesterday I paid nearly $4.00 a gallon.

And of course the price of gasoline influences the price of almost every product in the entire country, since almost everything that we buy has to be transported in some manner.

But that is just one example.

Our monthly bills also seem to keep growing at a very brisk pace.

Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row, and according to USA Today water bills have actually tripled over the past 12 years in some areas of the country.

No inflation there, eh?

Well, what about health insurance?

Yup, that has been going up rapidly as well.  Since 2010, employee health insurance premiums have been rising an average of between 8 and 9 percent a year.

So where is this low inflation that everyone has been talking about?

It certainly cannot be found in college tuition costs.  Since 1986, the cost of college tuition in the United States has risen by 498 percent.

What about at the supermarket?

We all have to buy food.  It sure would be nice if inflation was low there.

Unfortunately, anyone that shops for groceries on a regular basis knows exactly how painful food prices are becoming.

And over time, those increases really add up.  An article by Benny Johnson details how the prices of many of the things that we buy on a regular basis absolutely soared between 2002 and 2012.  Just check out these price increases...

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

So how in the world can Bernanke possibly come to the conclusion that inflation is too low?

Is he insane?

If you want to see a really good example of the impact that inflation has had on our economy in recent years, just check out this amazing chart which shows what Bernanke's reckless policies have done to the prices of commodities during his tenure.

Meanwhile, paychecks are not rising at the same pace that inflation is.  In fact, median household income in the United States has fallen for four years in a row.  Overall, it has declined by over $4000 during that time span.

So the cost of living just keeps rising, but the middle class is making less money than before.

That certainly is not good news.

Of course a big reason for this is because the quality of jobs in America continues to steadily decline.  Only 47 percent of adults have a full-time job at this point, and 53 percent of all American workers make less than $30,000 a year.

Most families are just barely scraping by from month to month, and Bernanke has the gall to say that he needs to try to get prices to rise even faster.

Is Bernanke also going to increase all of our paychecks in order to make up for the "inflation tax" that is being imposed on all of us?

Of course not.

And sadly, it appears that the number of Americans that are losing their jobs is starting to move upward again.  We just learned that initial claims for unemployment benefits rose to 360,000 last week.

That is getting dangerously close to the 400,000 number that I keep talking about.

The middle class in the United States is shrinking with each passing day, and Bernanke seems absolutely clueless.

His answer to every economic problem always seems to involve printing more money.  Thankfully, about 1.8 trillion dollars of that money is being stashed away at the Fed and has not gotten out into the real economy yet.

But someday that money will be unleashed on the real economy, and it will create crippling inflation.

Unfortunately, Bernanke doesn't seem to really be too concerned about the mountains of cash that the big banks have parked at the Fed.  He is just happy that his reckless money printing has pumped up the stock market to new all-time highs.

He should enjoy this little period of euphoria while he can, because this bubble will burst like all false financial bubbles eventually do.

And when this bubble bursts, the foolishness of Bernanke and the Federal Reserve will be glaringly apparent to everyone.

 

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  • Graham

    Voodoo economics from the Luciferian agenda.

    Inflation is also running amock in Joe Americans “New World” diet (GMO etc), so why not share the same trend in the economy?

    The “matrix” is akin to “rape” and they will continue to slice and dice you from whichever angle possible.

    • GuestfromWest

      The New World Order conspiracy:

      1) cashless currency
      2) 24/7 surveillance
      3)Government dependence
      4)Lewdness in the public schools.
      5)Feminism engineering women to become less be-ings and slackers.
      6) GMO diet to alter the human DNA.
      7) Women with big butts and boo bees, but no brains.
      8)Emasculated men
      9) Sexualized children because of public schools.
      10)Police state to get rid of any dissents.

      The NWO is a communist, Satanic regime.

      • Graham

        Spot on, plus so much more. Just sit back and watch the “red laser” as long as you can. Both eyes should observe it as it’s centred right between them.

        The phrase “Chicken Ranch” just entered my head and I’m not talking about Pixar’s creation, which was immensely funny.

        “My Pet Goat” is even better and very very clever. See YouTube.

  • Rodster

    “And when this bubble bursts, the foolishness of Bernanke and the Federal Reserve will be glaringly apparent to everyone.”

    Oh no it won’t ! The low information voter will just complain to Daddy Government to do something about it. The mass majority of brain dead americans have no clue about the Fed or Govt.

    But hey, NFL training camps start in 2 weeks !

    • Syrin

      *STANDING OVATION*

      I couldn’t agree more. Some guy went to California last week and had the Obama no information voters sign a petition to repeal the Bill of Rights to “help Obama out”, and only ONE person, a military vet, refused to sign.

    • donttreadonjbone

      Lol…nothing wrong with watching football and researching what’s wrong with america….it is a private enterprise after all…ignore the fact that congress votes on who has game rights

    • Paul

      so true. the idiots won’t have a clue.

  • mikem

    the government would love much higher inflation. Inflation is bad for everyone except the government. i think they counted on inflation to make it possible to pay on and pay down the national debt. if interest rates go way up with no inflation the U.S. government will be so impossibly deep in debt it will never get out no matter how much they manipulate the economy. I don’t know how they are floating it now.

  • shadowking

    Are you sure gas was $1.84? That sounds low.

    • Snowdog

      He is correct. I’m sorry to say, I remember it .

  • K

    I assure you they are trying to hurt the middle class, and the poor as well. Step 1.Spy on everyone, until you know enough to be able to control many. 2. When gun controls does not work, control the flow of ammo, until most people give up even trying to find any.3.Make out of work people so reliant on the Government, they will not dare to raise a finger in protest. 4 Work the remaining workers to death. Squeeze them so hard they need 2 or 3 jobs to make ends meet. A totally exhausted citizen, is a compliant citizen. It is all about control, and the noose is getting tighter every day.

    • abby725

      just as Peggy explained I am dazzled that anyone able to earn $9162 in a few weeks on the internet. did you see this link w­w­w.K­E­P­2.c­o­m

  • defaultplayer

    As long as the stock continues to climb, Americans will believe the economy is doing better.

    • Robert Zraick

      The stock market climbs because of inflation. It is an illusion.

  • Lennie Pike

    Our goodheartedness and love for our fellow human being always makes us want to believe that all people mean us no harm, BUT! He’ not kidding – he’s lieing again, and to him and everyone in his gang, it is unbelievable that time after time we give consideration to their lies and have not thrown them out of power.

    The track record of lies is well documented.

    They work for the biggest liar ever.

    If Bernanke is replaced soon, a man with some specific qualities will be needed at this point. I nominate either Larry Summers (as has been mentioned), Hank Paulson, or the “bug” from the first Men In Black movie in its’ human form.

    • Lennie Pike

      Watch some video of Summers and of Paulson and then compare their mannerisms and personal demeanor to those of the Bug Man. They are very similar – like there is a huge effort taking place to deceive and to keep a disturbingly dark side of them from rising to the surface.

  • El Pollo de Oro

    And yet, some people cannot understand why Ron Paul wanted an audit of that abomination known as the Federal Reserve. Amazing. With people like Ben Bernanke in charge, the Fed needs a good audit more than ever.

    • Ayn Rand

      Seriously. Why do we even need a central bank?

      • Syrin

        We don’t. The power elite needs it to control the economy and by extension, the sheeple.

        • Ayn Rand

          Andrew Jackson may have been a homicidal psychopath, but he had one thing right, KILL THE BANK!

          • Syrin

            lol, so true.

          • Bad_Mr_Frosty

            Yea, he totally should have had the US Army stand down and lets the Natives massacre all White settlers.

            Reality check: Native Americans were the Muslims of their time. Kill all in the name of the Moon God, keep the children as slaves.

          • Ayn Rand

            Not even going to go into detail on why that entire comment is wrong.

          • El Pollo de Oro

            One of my favorite Gerald Celente sayings is that the one time The Prince of Peace, Jesus Christ, became violent was when he picked up the whip and chased the money-changers out of the temple. Ha ha! I love it. Celente is so right about the banksters: between the Fed here in the BRA and the central bank in Europe, central banks are a source of misery for millions.

          • TROLOLOLOLOL

            And killed it he did! At least temporarily. Now we need a more permanent solution…

          • Highlander

            Ever wonder if he really was or if someone just wants him to appear that way to save the Central Bank Cartel?

        • Graham

          Spot on response.

      • JailBanksters

        I’d like to see 400 Trillion converted into $100 Bills. There’d be enough money sloshing around for the next 254 years, so in that sense, what good is a Feral Reserve.

      • El Pollo de Oro

        Thanks to the Federal Reserve and their painfully low interest rates, many Americans who have individual retirement accounts will have to either seriously delay retirement or forget about it altogether. Of course, the Fed wants to force Americans to gamble with their savings in the stock market. But at this point, the roulette wheel in Atlantic City is much safer.

      • EconPhD

        are u serious??

        • Ayn Rand

          About what?

        • TROLOLOLOLOL

          Are you retarded??

  • Gregge K Johnson

    There are only 8 men on this earth that BEN answers too, and when he leaves his job this fall ,he could care less what any of us think of him! He has completed ( their ) task ,as instructed.

    • Syrin

      Who do you think those 8 are? The Board of the BiS ?

    • Gregge K Johnson

      4 men are of Jewish Heritage;1 man is from Hong Kong; 1 man is from Saudi Arabia; 1 man is from Britain/Belgium; and the most powerful is the Chief Financial Officer CFO of the Catholic Church..Notice the shake ups at the Vatican???? My Cousin works for the World Bank///////I am NOT privilaged to any information,but I am a LISTENER at reunions….Look up ESS Election Systems and Software….they control almost 5,000 voting Jurisdicions throughout the world and 300,000 systems….ONE compcontroller….Wonder Who he Works for??????

  • condaggitt

    I found a store which really marks down food on the last day of sale…im there early before noon to scoop up the deals…no inflation if you shop this way

    • TtT Engine

      Be very careful, especially during the summer months. These items are nearing spoilage. Your sense of smell when you open them will be your guide. I’ve had food poisoning. I lived in the bathroom for two days. It’s almost as bad as watching a great nation going bad. Christi Fidelis !

  • Makati1

    When the bubble bursts…Capitalism will be over.

    • garand555

      Or it will just be beginning. You cannot predict the future, but you can look at the past and know that, given TARP and QE, we do not operate in a capitalist system.

    • Rodster

      Capitalism is already over, has been for quite some time. Watching HUGE companies gobble up smaller competition to essentially WIPE OUT the competition is not capitalism. You are seeing large companies driving US policy to the benefit of conglomerate businesses. He who has the most money yields the most power in Washington and will have laws put in place to benefit him the most.

      Small farmers can’t compete against the conglomerate companies like Monsanto and are forced to buy GMO seeds from them because they have locked everyone else out.

      • Graham

        Great summary Rodster.

  • Richard

    Even 2% is much too high. Ever worked out how much (with compounding) 2% a year is over, say 10 years? It’s madness and “the truth is” (as Michael would say) that there’s no conspiracy afoot, just STUPIDITY. These people just quite simply don’t know what they’re saying or doing. Yes, it really is as simple as that. Why can’t Americans just admit that they’re as stupid as the day is long? Stupid, stupid, stupid… I lived there for 22 years and the ONE THING I come away with having left the U.S. for good is how hideously stupid every one is in that country. Yes, I MEAN… EVERY ONE. And that’s why nobody ever admits that stupidity is the core problem. It seems like taboo ever to say that anyone is stupid. But if it gives you the kicks to rant on and on about how they’re all geniuses manipulating the system and conspiring to ruin the middle classes, have at it….

    • MeMadMax

      I’m not stupid….

      I read this blog =D

      No, I don’t think people here are stupid. They just don’t care till affects them personally, THEN suddenly you have a million “patriots” willing to risk it all… So, until things start falling apart locally, don’t expect too much to happen… A.K.A. “Normalcy factor”…

    • GuestfromWest

      Reading these blogs as news is “stupid”??Oy Vey!

      • TROLOLOLOLOL

        Richard is a tad slow. Give him a break, will ya? ;)

    • TROLOLOLOLOL

      “It is better to be thought a fool than to open your mouth and remove all doubt.” -Anonymous

      Cheers. :)

  • TtT Engine

    We have the Socialist States of America [Blue States] and the Constitutional States of America [Red States]. No official decree has formalized this yet. Red and Blue States have irreconcilable differences. The United States of America, in its current form, is both financially and morally bankrupt. Project Woodstock, commencing on 08+15+1969, has fully aborted, drugged out and pot smoked this once great and proud nation. North Dakota and North Colorado are visionaries, like our founding fathers. All the best to you, my brothers. May God spare us, guide us and keep the faithful under the protection of His mighty Guardian Angels. Christi Fidelis !

    • Gay Veteran

      you are delusional if you think the red states are any better than the blue states, but TPTB thank you for playing their game

  • JailBanksters

    No really, he’s right, there is no Inflation.
    Put $100 on the Coffee Table and come back in 1 month, is that money worth more or less than $100.
    That’s right. it’s worth less, no inflation. So unless he can Inflate that $100 soon, it will be Worthless not just Worth Less.

  • Dave Webb

    And we all got a 1.8% raise from Social Security to handle all the inflation, right!
    Unemployment is less than 8%. How do I know? The government tells me so . . .
    To effect the price of things, I suspect 4% would be a better number under the Keynesian Theory of Economics.
    And that is what we are dealing with. A theory by a man that bankrupted his entire family in the market only to find wealth working for government telling them to spend more and more money.
    Every government that has tried it has failed.
    Including our own. It demands inflation. It demands a tidal effect on stocks. They come in high and leave low. So you have an on going high that turns into a crash everywhere that this form of economics is tried.
    This actually worked when Unions were able to continuously negotiate contracts for higher wages. That day is long gone. It is history.

    My prediction is that we will see record highs in the stock market in the next year. Followed by the biggest crash and retail bankruptcy in the history of the country.

    To make money, retailers need to sell retail goods. If discretionary income is non-existent, the whole show falls apart. And that is what is going to happen as this man surely knows. I’d escape too!
    Preferably someplace no one knows about.

  • retired

    from retired: Micheal,you go too easy on Bernanke.

    He knows what he is doing,he’s not stupid!Bernanke & the Fed. are doing the best they can for the people they work for.Unfortunately they are not working for the general public,they are doing what they can for the elite financial/political establishment that holds the Mortgage on America!

    • Rodster

      Very true and that results in a top heavy economy which is not what you want. When you takeout the middle class you remove economic prosperity. The middle class are the ones that buy the things that keep the economy going like durable goods.

      In your scenario the economy collapses because the top only care about acquiring more WEALTH for POWER and not to drive the economy. So in the end you have a huge disparity between the haves and have not’s. This always causes economies to collapse.

      It’s the same reason you are seeing riots and protest take place around the world. It’s all about too few having all the money and the rest not having enough to survive.

  • XSANDIEGOCA

    My very best wishes to the people of Northern Colorado!

  • Jimbo

    Inflation is a sign of a healthy economy. Your company performs well and earns more and you get paid a bit more, You can afford to pay more for goods and services so the providers of those goods and services charge more, make more profit and pay their workers more. However, in an indebted, bubble economy, inflation is not so great. Asset bubbles need cheap finance to remain inflated. Cheap finance needs low interest rates and therefore low inflation. If inflation increases, interest rates need to increase to keep pace otherwise invested money reduces in value. If inflation increases and interest rates rise to match, debt becomes more expensive to service and asset bubbles begin to deflate. It is very simple math.

    • Winston Smith

      Wrong.Back to school for you.

      Deflation is better for everyone except the

      the banker elite.
      Inflation is a hidden tax on everyone else that does not get the money first( the banks).
      Simple math.

      • Jimbo

        Americans have no sense of irony. In a Keynsian system, inflation reduces the purchasing power of currency and reduces the real value of debt allowing more debt to be acquired. Higher inflation means higher interest rates which increases investment returns. A “healthy” Keynsian economy needs “managed” inflation and positive interest rates for the system to work. Of course all this means is that from the beginning of a FIAT based Keysnian economy, the can starts getting kicked down the road as we start to live on money that we haven’t earned yet with each subsequent generation picking up the tab until the tab gets too big and the system and currency collapses. FIAT currency Keynsian economies need inflation to survive but ultimately the only possible outcome is collapse.

    • Graham

      Three questions Jimbo:-

      How was America’s economy doing prior to the Federal Reserve Banking Act 1913?

      What was the rate of inflation running at prior to 1913?

      Who are the owners of the Federal Reserve System and why has it proven so beneficial towards their global agenda?

    • TROLOLOLOLOL

      Publik skool dun gud fer Jimbo! Derpity- derp…

  • markthetruth

    After the Fed, Here’s Who Can Save the Markets

    The Bank of Japan’s hefty monetary stimulus should compensate for any unwinding of the U.S. Federal Reserve’s ultra-easy monetary policy, lending some support to markets, analysts tell CNBC.

    ” The whole world will print Money to save our Luxury Lives . ”

    We done it ! we Brainwashed the whole world !!!

    Let someone else destroy themselves for our benefit.

    the end….

  • Jodi

    Whatever Bernanke. I know all too well, my checks have been cut in half since 2011. I’m not stupid.

    By the way Michael, I finally got started on your book. It’s awesome! I can hardly put it down. I can’t wait to finish it. Job well done!

  • seth datta

    Obi-One-Bernanke says:

    “Look. May the Farce be With You. Always…”

    • TROLOLOLOLOL

      Priceless! :D

  • markthetruth

    ” Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for. ”

    Epicurus

    the end…

  • JailBanksters

    Ok I get it.
    People should be paying more for goods and services while earning less money for a healthy banking system err economy. And I’ve had it all arsed about all these years.

  • GuestfromWest

    “His answer to every economic problem always seems to involve printing more money. Thankfully, about 1.8 trillion dollars of that money is being stashed away at the Fed and has not gotten out into the real economy yet.”

    Too much money in circulation is bad. Once that cash circulates, the value of the dollar will eventually decrease in value, and no more of that $20/oz PAPER SILVER and $1,300/oz PAPER GLD.

  • Ralfine

    Here some good news to you.
    Two years ago, Saudi Arabia wanted to buy some tanks from Germany. Germany couldn’t decide yet, whether to sell them the tanks. Now Saudi is interested in American tanks.

  • Rodster

    Ground turkey just went from $4.29 to $5.29/lb overnight. To put in perspective that same pound of turkey cost me $1.79 in 2007.

    Yup inflation is real low.

    • TROLOLOLOLOL

      Their logic isn’t very accurate, is it? :)

      • EconPhD

        Guys, inflation is based on a BASKET, not one particular item. If you have a basktet of 2 goods, gas and rent, gas goes up 10% and rent down 10%, the inflation basket will still be unchanged (if equally weighted). Just because some items have gone up doesnt mean inflation overall HAS to go up. Less conspiracy stories and more reading would help.

        • Lennie Pike

          Who is this? Dr. Paul Krudman? Or maybe Art Laughter – after Peter Schiff ripped you a new one on national t.v.?

          Kindly tell us what has gone down in price then. Rent and gas are not included in the tyrannical lieing government’s inflation rate.

          Rent has been going up.
          Home prices maybe?

          • TROLOLOLOLOL

            Don’t argue with him; he has a “PhD” in economics! Look out! hahahaha

        • TROLOLOLOLOL

          Here comes the derps! :D

        • jaxon64

          If you are a PhD of Economics then you make national, college educations look pretty bad.
          Surely a “doctor” of economics must know that neither rent nor gasoline is included in inflation factoring, right?
          Increases in costs of items such as furniture, boats, cars, suits, designer clothes, electronics etc etc…these are the things that are tracked to determine if costs are increasing. Consequently, when people by the hundreds of millions are struggling to get by, they are not buying these items ( although somehow the poorest homeless person always seems to have a new I-phone).
          I hope you at least have enough of a rudimentary understanding of economics to know that demand determines cost/value.
          I could have a one-of-a-kind Rembrandt painting and claim it is worth 10 million..however if nobody is willing to pay more than 10 thousand for it–well then the value is really just 10k…
          Likewise, if a manufacturer produces a 27 foot cabin cruiser and slaps a 100k price tag on it then great–except that if nobody is willing to pay the 100k and then the seller drops the price down to 75k and finally gets a buyer, well you have just had a drop in price 25% ( and inflation drop in comparison from the old price)…see how it works?
          Okay, and now to review your lesson for today “doctor”. When people are broke, “inflation”, as measured by the govt, of material goods stays low–HOWEVER–the essentials of living: rent, food, gas, electricity, heat, a/c…these things all are inflating drastically and causing the public to have even less discretionary income.
          So how do you hurt the manufacturers, workers in factories and economic base in general?
          Simple…you either A) increase the cost of goods so that the average public can’t afford them ( as Bernanke is suggesting with the need for higher inflation) or B) you lower the wages or discretionary income of the public through damaging policy..examples would be Obamacare which penalizes small business, rewards part time help as opposed to living wages and another example– pushing for amnesty for 20 to 30 million illegal workers who will drive wages down and add competition to the over 100 million working age Americans who don’t have full time work ( this is how you create a permanent dependent class-whether intentional or not is where conspiracy is involved)…
          I hope I have dumbed this down enough so that even a public school and liberal/progressive Keynesian indoctrinated person can understand…good luck “doctor” I hope you wake up and prepare–for your family’s sake at least……

    • Paul

      Right. And our social security cost of living adjustment will be figured based on the price of dog food.

  • Patriot Alice

    Wait until real inflation hits the gas stations and the housing market…New class of poor will be everywhere…

    • TtT Engine

      It has already. Gasoline up 13 cents in NJ $3.42 gal. where I purchase this past week. Watch it closely. Christi Fidelis !

  • Louise in MO

    One must be insane to state that inflation is too low. Everything is so much more expensive than it was before the Obama nation. With unemployment so high and everyday expensives so high how can he come to such a conclusion?

    I shop at the grocery store once a week. Prices RISE once a week. Ten cents here, 59 cents there and meat a dollar per lb. That one area in our economy alone shouts inflation.

    Bernanke is a dingbat!

    • TROLOLOLOLOL

      Bernanke isn’t a dingbat, he just wants to implode the US economy. What’s so crazy about that? :)

  • Stephen

    This article is saying what this author always says,
    buy gold and silver, they are cheap. AND YET,
    Gold and Silver will be getting ALOT cheaper.

    If anything i would sell them short….

    Stephen >>>>>>>>>…

    • guest

      Better get your timing right, get it wrong and not only will you pay through the nose BUT suffer a double whammy from a lack of supply that will make April look like a pipe dream.

  • Washington76

    Bilderberg 2013 Wrap-up – Dan Dicks on GRTV

    https://www.youtube.com/watch?v=jvk6n1s0-Tc&feature=player_embedded

  • Rufus T Firefly

    Bernanke is a hero who has saved us from a second Great Depression. The government is every bit as honet about low inflation as it is about WMDs in Iraq, Iran and Syria

    • Ayn Rand

      Sarcasm right?

    • Shmeggle Marxist

      LMAO

  • SMASH THE CONTROL MACHINE

    judgement is coming to america !!!BABYLON THE GREAT WILL FALL IN ONE HOUR!!

    What are the people of Babylon doing against God so much that it reaches Heaven? We already know so far that her people are very idolatrous and lustful. The true God is replaced by idolatrous appetites for things, while holding on to a form of Christianity. The people are Laodecian in a spiritual sense. They are obtaining the things of the world to satisfy their evil lusts and desires, all the time thinking they are Godly and doing His will, (Revelation3:17).

    They were like Paul described, who supposed that “gain is godliness.” Listen again to Paul´s rebuke of using Jesus for selfish gain.

    Philippians 3:18-19,

    18)”For many walk, of whom I have told you often, and now tell you even weeping, that they are the enemies of the cross of Christ, 19)Whose end is destruction, whose God is their belly, and whose glory is their shame, who mind earthly things.”

    It can´t be emphasized enough that this distortion of the cross bothered Paul so much he openly wept when he wrote them this letter. His love for them was so great he couldn´t bear to see people destroying their souls because of the lust for material gain. Like the American Babylonians, the deception was so great that people assumed that Jesus died to make them financially rich in this world. Listen closely, that delusion and perversion of truth reaches the nostrils of God in Heaven. This is precisely why Jesus will spit up the lukewarm Laodecian church when He returns in the rapture.

    The second area of sin that reaches Heaven is sensual sexual perversion. Jesus said that before He returns, the condition of the world would be like the days of Noah and Lot before judgement fell. Read Genesis 6 and 19 and you will find that sexual perversion and permissiveness became so widespread, it made God sorry He created man in the first place.

    Homosexuality was so prevalent in Sodom and Gomorrah, they paraded and flaunted their sin in the streets. They even came after the angels at Lot´s front door, desiring to seduce them. Open your eyes and look at the sick American society we live in. Homosexuals are marching down the streets in colorful parades demanding their rights. Prime time television shows homosexuality as an acceptable style of family living.

    Pope John Paul stated in his Babylonian holiday message (Christmas) that God was pleased with mankind. It makes one wonder which Jesus he is listening to. He apparently doesn´t know that the real Jesus said these sins of idolatry and homosexuality would worsen to the point that God would send judgement, as in the days of Noah and Lot. God is indeed pleased with those who have seen the stench of their sins and turned to the blood of the Lamb for forgiveness……..TURN OR BURN!!!!!

    • Gay Veteran

      you’re in the wrong country, try Saudi Arabia

  • Shmeggle Marxist

    old womin’ are blithering idiots. LMAO at their stupidity

  • Syrin

    No, I had no idea it went back that far. Wow. Thanks for enlightening me.

  • EconPhD

    This is a truly awful article with ZERO understanding of economics. Its amazing how people like you have been preaching economic collapse since 2008- yet the lack of collapse/inflation has still not made you change your view.

    • Graham

      Having noted your “basket case” scenario further up the blog, you clearly have the right mindset for working with the Government.

      If the Social Security or Treasury department find you overqualified, Goldman Sachs are always looking for PhD guys at their derivatives counters.

      Note that calculators are not allowed and all trades must be done via social media. This is to ensure the NSA get a copy. Nobody else is allowed to know what your actual trading value is.

      If you do well, your employer will give you an invite next year to Bohemia Grove where you can mingle with like minded people.

      • K

        Graham he does work for the Government. Notice his profile is brand new?

        • Graham

          The Government types can be very entertaining to listen to K, but note that I would never ask one for directions out of a one way street.

      • Rick Caird

        The guy tells us the post is worthless, but refuses to offer a counter argument or even a single fact.

        • Graham

          That’s how paid shills operate, but I’m not sure that type would survive in here for long as there are far too many switched on people who refuse to wear “pure wool” outfits.

    • Richard

      Oh I see. So the fact that one might have predicted the annihilation of 5 million Jews a tad early in, say, 1932 would make them “truly awful” people, huh? Hey, do me a favor: read my piece on stupidity just above this, will yer?

  • Patrick

    Way before this economy implodes the chaos in the streets are going to be way to dangerous, especially in the cities of the USA. In FL we are having floating anything of value is being stolen. The socialist, scum and terrorist groups are going take advantage of this situation. Then the government will impose marsh law and we are stuck with Obama and his cronies for a very long time. God bless you all

  • Hammerstrike

    His logic is simple: Why print all that money if it is not going to be used? It is there, why not use it?

    The theory that economic inflation is good have been around for decades now.

  • J.j. Cintia

    You don’t seem to understand the problem that the Federal Reserve and FEDGOV are facing. Their ponzi scheme of robbing your children and grandchildren to pay you for all the money they stole from you is no longer viable! That brilliant plan that Capitalists had to offshore jobs to the third world to lower costs by employing slave labor has blown up in their faces because their consumer base which is Americans no longer have the money to purchase the low-grade low-quality crap produced in third world sweatshops! Whoops! Even el cheapo labor doesn’t mean squat if you can’t sell this junk! Alas, your children and grandchildren can no longer be robbed to pay you, because the American Economy is now DEAD! Not down or in Recession or even Depression – DEAD! No one is buying U.S. Bonds anymore! Even those crazy commies in China with all their Mad Money from Crap-Mart can see this ponzi scheme is done! The Federal Reserve is actually buying Federal Bonds using Federal Reserve Notes! This is like rearranging deck chairs on the Titanic while it sinks! The Tax Base is shrinking, no one wants their bonds and they’re buying their own bonds! At this point, they’re printing money just to pay their bills! They have to kill the Dollar to save their ponzi scheme! Only inflation will allow FEDGOV to reduce the unpayable debt relative to GDP, to have GDP > Debt! At this point, it is no longer possible with job losses and a shrinking working class to grow GDP! What they don’t realize is that there is a real possibility of Hyperinflation, and they stupidly believe they have enough control over the markets to increase inflation without it becoming Hyperinflation. They made the same arrogant error in the Weimar Republic of Germany in the 1920s!

  • guest

    Lost me on Holocaust, dare I mention David Irving?

  • Czech

    In Czechia (Czech Republic, Central Europe), the ordinary salary per month equals 700 US dollars and one gallon of gasoline equals 7,20 US dollars. Crazy!

  • David Hurwitch

    YOU PLAY WITH THE NUMBERS TOO. WHO CAN WE TRUST ANYMORE? YOU SAID THAT WHEN PRESIDENT OBAMA CAME INTO OFFICE THE PRICE OF GAS WAS $1.84 AND NOW IT’S $3.49. WHAT YOU DON’T SAY IS THAT THE PRICE OF GAS EARLIER IN 2008 WAS $3.76. THERE IS NO QUESTION THAT THESE PRICES ARE CONTROLLED BY MINIPULATERS AND SPECULATORS AND SHOULD BE LOWER BUT LIKE POLITICIANS YOU ONLY TELL ONE SIDE OF THE STORY.

    WE HEAR IT ALL THE TIME, EXAMPLE: THE TOP FIVE PERCENT OF WAGE EARNERS PAY 58% OF THE TAXES. NOT FAIR RIGHT?? WHAT THEY DON’T SAY IS THEY CONTROL 72% OF THE WEALTH. SOUNDS WAY MORE REASONABLE WHEN YOU GET THE WHOLE STORY!!

  • bob

    Can someone tell me what is in the economic inflation basket to give such a low inflation rate?

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