“In retrospect, lighting the match was a mistake. But I was only trying to retrieve my bankroll.”
Posted on 01/02/2010 12:10:30 PM PST by radioone
Food prices are up between 11-15%
Electricity is going up, in some states 15%
Clothing is not holding price, either. 15-25% rise at least
Price of gold is up 1/3 since last summer.
We are approaching that moment when we each realize that we will have lost between 1/4 and 1/3 of our buying power. In 1.25 years.
And where we’ll be when inflation really kicks in is more unattractive, to put it mildly. This is on the shoulders of the declining upper middle, middle and working class. If you go price items and think about the tax situation upcoming, along with the health care and energy costs, the moment is fast upon us.
“In retrospect, lighting the match was a mistake. But I was only trying to retrieve my bankroll.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.