Posted on 09/26/2009 9:47:27 AM PDT by Robert A Cook PE
Inflation was limited under Bush to the destructive price increases of oil and gasoline, which were created (deliberately) by Pelosi's energy policies to destroy the US economy in 2007 through summer 2008.
By destroying the US transportation sectors by limiting oil exploration and oil markets - which threatened everything that moves, feeds, ships, or eats anything else - she created the housing and bank failures that we saw in late summer 2008. And those market crashes created the economic environment that allowed the democrat news media to give Obama the win. (Coupled, of course, with McCain's stpuid campaign and Bush's panic-and-bailout schemes that now allow Obama to blame HIS deficits on Bush. (Of course, as soon as October 1 rolled around and her US-based oil restrictions went away, Pelosi was perfectly content to let those restriction vanish permanently. After all, they had already served their purpose: "Kill US Oil Production" and "Kill Bush's Economy".)
Regardless. We have Obama now, and can't get rid of him. Nor his deficits.
But where (when ??) is the inflation that must come as a result of Obama's spending trillions of unearned and meaningless "paper" dollars?
But where is the "official" inflation rate? Why has it stayed the same?
bookmark
Bingo. Every price has gone up, or package is smaller. They won’t report on inflation in necessities I guess.
The longer inflationary forces are stifled, the worse will the inflation when it hits.
LOL. Things will never change. Keep it up. /s
Kinda silly. Any such program could at most affect the timing of the housing and bank crash.
Bubbles always burst, by definition. In fact, the longer a financial bubble expands, the larger it gets and the greater the damage when it finally lets loose.
Ping
Deficit spending has already killed the dollar. Look at the DXY plunge over the past few months driving part of the rally in the stock market.
Somewhere a village is looking for this idiot. Maybe the person or persons CONTROLLING this moron did what you contend, but Nancy dumekoff didn't.
Don't be too damn sure about that. This is still America and will remain so until the last weapon is discharged.
It’s already started.
No inflation that the media wants to mention. The reality is much different however. The dollar is down from over 90 cents in January to 76 cents today. Isn't that inflationary? That means everything coming into this country costs at least 14% more. Although barrel prices are loewr,Gas prices remain higher, which effects everything we buy.
The average grocery bag costs 24% more than it did last year.
And we haven't seen the dollar affected by Obama's excessive spending yet. That is a bridge we haven't tried to cross yet, but when we do, we'll find that there are no pillars holding it up.
The dollar WILL collapse, it's just a matter of when. And when that happens, we can expect at LEAST another 25 cent slip, followed by another.
That grocery bag will cost another 50% more before another year passes, unless there is a drastic turn around of government spending, and that national debt is slshed in at least half.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=i&w=15&t=f&a=2
This tracks how our dollar is trading 24/7.
In a nutshell, because the government is lying.
Among other things, they changed the definition of the CPI to exclude food and energy. This saves a bunch on Social Security and interest on the national debt. And it reelects incompetent congress critters, and allows them to waste money.
They also quit reporting M3 so people wouldn't become too concerned about the government printing money.
More info HERE.
Incidentally, THIS OUTFIT does a brisk business restating government statistics into historical measurements for the benefit of banks and corporate finance departments.
The six month trend is much more revealing than the three day trend pointed to by your link.
Thanks.
From the 1780s to 1912 the US dollar grew 11%. Beginning with the Fed Res in 1913 to 2001, the US dollar lost 95% of its value. From 2001 to the present, it has lost a couple of percent more. Decreases from Jan 1 2009 are reductions within the last 3%. THe dollar IS crashed, the world recognizes it, and the viability of the US dollar as the world reserve currency coupled with our military power and the relative weakness of most of the worlds’ other currencies, has allowed its relatively increasing worthlessness to be leveraged into continued existence as the worlds’ reserve currency even at its current sliver of former value.
Thanks for that graph. I am stockpiling essentials now as fast as I can. I don’t care if I take on debt to do it.
I really think the dollar is going to collapse. If you have a family you owe it to them to be ready by storing enough food and other staples to ride out the storm.
Even if they prop up this insanity for a few more years it’s still a good investment considering the current rate of inflation.
A local grocery chain (Safeway) has been posting billboards about how they're now slashing all their prices. Do they anticipate something?
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