October 25, 2010
– Comments (7)
Have you seen this?
How do you reconcile decreasing wages and increasing costs for food and fuel?
What's to reconcile?
In the 70s....we had rising wages and rising prices.......true inflation.....
Now we have a divergence.....commodity inflation......wage deflation........
Clearly you and I agree this is an unsustainable path.........
Do you really think, with all entitlements keyed to inflation....that Bernanke can continue to lie about pricing and maintain an inflationary policy for much longer?....without the country falling apart?
I would not use the terminology "true inflation", but to answer your final question, no, I do not think they will succeed at masking inflation for much longer, but yes I think the Fed will continue to pursue inflationary policy (via quantitative easing) for some time to come. And yes, it is entirely probable that this will be our financial undoing.
Its quite sad. This is why I'm trying to buy as much of my food directly from the farm as I can. I hope figure that the government is lying to them and show it next week. Because after next week it will be too late.
Oh yeah, it's over, whether next week or a year from now (doubt things will take that long).
TMFSinch, have you watched the documentary A Crude Awakening? It's from 2006 and has some very prescient comments regarding the economic crash and unsustainable lifestyle once we're on the backslope of peak oil (arguably we probably hit peak supply a while ago). I'm amazed how rarely we hear about oil these days. The attention has totally shifted to economic problems and forgotten about oil, even though they are so very heavily intertwined.
It depends on the definition of inflation... What is inflation to the Fed is different than what the average person sees.
Are you finally waking up to the bull market in Gold and Silver? Nice to see you trolling on Sinchi's blog. He has been spot on for a long time and I think we are likely to see some nice gains.
Time to rotate into PM miners if you aren't there.