Chart of the Day 4Nov10

As the arsonists at the Fed launch the next round of currency destruction with QE2 igniting all tradable asset markets, Bernanke has the audacity to recite the “modest inflation of 1-2%" nonsense.

I don’t have to tell you savvy readers that the government core inflation figures are meaningless. Sure, prices are stable if you don’t eat, use fuel or require any commodity that comes out of the ground. The reality of cost of living increases is best shown in the chart below courtesy of the folks at Casey Research. 2% huh?

 

Comments

[emma]

1) The elite who organised and implemented stuff called credit cards, credit, debt etc. They knew it would implode, and now it has.

2) Bush, greenspan, bernanke are all part of the same boys club. They do not care about anyone but themselves. When we are screaming about high cost of things, then those in charge of the NWO will have us right where they want us. Time to prepare was yesterday.

Go have a look at http://www.forecastfortomorrow.com those guys have been spot on about the elections and what is coming very soon.

[Nick]

But... but... those prices are too volatile to use in inflation measures

[Admin]

Hehe - yeah, any government economist worth his salt knows to never let the truth get in the way of a good story. Of course, they'd say producers hedge with futures contracts so it takes a while for those price changes to hit the end buyer, but eventually that game runs its course.