A FUNNY THING HAPPENED ON THE WAY TO DEFLATION
It should be clear to all the critical thinking members of TBP that we’ve entered part two of the Greater Depression. The MSM continues to spew out happy talk and propaganda. We all know it’s bullshit. We know real wages are falling. We know millions are falling off the extended unemployment rolls. We know there is no real housing recovery. We know the upcoming jobs report is going to show no job growth. We see the Space Available and For Lease signs in the strip malls across the land. We know that retailers have flat to negative real sales. We know the auto sales are being gamed by cheap loans to subprime borrowers using Ally Financial and the Wall Street banks by the Federal Government. We know our National Debt is growing at $3.8 billion per day.
So we should be experiencing deflation, right? The BLS says prices are dropping. They wouldn’t lie, right? Well here are a few facts not being reported by the MSM or the BLS or the Federal Reserve. Oil is up $9 in the last week or an 11.5% increase. It is back to where it was on June 1 at $86.50 per barrel. So much for those falling gas prices. It seems cutting off Iranian oil supplies to the EU does impact prices. Obama must have skipped Econ 101 for Community Organizing 69.
Now for the really interesting data. Get a load of these charts:
NATURAL GAS
COPPER
CORN
SOYBEANS
WHEAT
PORK
COCOA
COFFEE
COTTON
SUGAR
Isn’t it funny how you haven’t heard about the surge in food prices in the last month? None of these price increases can be attributed to booming economies. Europe is in a depression. China has slowed dramatically. The U.S. is in a recession. But we now have surging prices for energy, food and clothing.
The Federal Reserve is responsible for this situation. They continue to destroy the middle class with their zero interest rate policy and creation of inflation. We now have declining wages, more job losses, new healthcare taxes, record levels of debt and now higher prices for food and energy. Sounds like a recipe for an Obama re-election.
Open your eyes people. We are getting fucked.
