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They’ve gone to great lengths to promote a message that we have nothing to worry about. But a simple trip to the grocery store, gas station, or mall will tell you otherwise.
Food prices have risen every month since June of 2010 and 57% in the first two years of President Obama’s term in office.
Gas prices are up 34% during that same time period.
And cotton has hit a 150-year high, as the price of this essential clothing commodity has soared 210% since the 2009 inauguration.
In the first two years of their joint reign, Obama and Bernanke have waged a hidden inflation war on the middle class that has fleeced more wealth from folks on Main Street than the previous 20 years combined.
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I think the first bullet may be somewhat related to the second one. I don't know if it's just where I shop but I have noticed less brand choice at the supermarket. They seem to run out of stuff faster, too.
If people want to see how bad inflation has gotten look at his chart of the dollar and its fluctuation of purchasing power over the years. Historical Value of U.S. Dollar (Estimated)
Of course inflation is caused by the expansion of the money supply and printing of new money which puts more of it in circulation to buy the same number of goods that were available before the money was printed. This forces the prices up.
The bailouts and quantitative easing that necessitated printing of money to give to the banksters for their bonuses and all the other elites that got money from Bernanke, will eventually send prices into the exosphere.
WE THE PEOPLE have been getting screwed whether we realize it or not by the Federal Reserve's going wild with the printing presses. After the money is printed it goes to the elites. They spend it while the dollar's purchasing power remains as is. By the time the money has a chance to drift down to us (and we have to actually earn it) it doesn't buy nearly as much as it did when the elites got it. That is how we are gettting screwed. There may as well be a siphon from our bank accounts going directly to the Federal Reserve Bank with them taking money whenever they please to give to their elite friends. IT IS HIGHWAY ROBBERY FOLKS. Those of you that aren't aware of what is going on better WAKE UP and take note.
They’ve gone to great lengths to promote a message that we have nothing to worry about. But a simple trip to the grocery store, gas station, or mall will tell you otherwise.
Food prices have risen every month since June of 2010 and 57% in the first two years of President Obama’s term in office.
Gas prices are up 34% during that same time period.
And cotton has hit a 150-year high, as the price of this essential clothing commodity has soared 210% since the 2009 inauguration.
In the first two years of their joint reign, Obama and Bernanke have waged a hidden inflation war on the middle class that has fleeced more wealth from folks on Main Street than the previous 20 years combined.
In just his first four years in office, Bernanke has been the captain of a reckless and out-of-control money printing press that has drowned America in more “new cash” than was created during the entire 26-year period from 1959-1985.
The main reason that food and other products prices have gone up is due to transportation needs. Inflation isn't a problem right now, deflation is the more imminent threat.
Fuel prices have been on the increase due to increased demand from other foreign countries. We simply don't have enough oil in America to make a dent in the global supply to lower prices. Thats why a switch to natural gas, coal now, and renewable sources in the future for energy is a good idea.
We are not even having fun yet, if you think inflation is bad now you have not seen nothing yet. Barnanke has left the door open for more QE, he is a one trick pony that is all he knows. With more money hitting the economy we will see more inflation.
You hang with the wrong people if you want to see where it went join the banksters or the gvt. Most of the money was to hold the line such as giving it to the states,UE extensions,stimulus, bail outs etc etc. Keep in mind the banks are holding and not lending and corporations are holding due to uncertainty of whats next.
If we were measuring inflation the old way it is near 10%, when the economy picks up that money will hit the strrets followed by more inflation. Something to that effect I am a rookie and not a expert
They’ve gone to great lengths to promote a message that we have nothing to worry about. But a simple trip to the grocery store, gas station, or mall will tell you otherwise.
Food prices have risen every month since June of 2010 and 57% in the first two years of President Obama’s term in office.
Gas prices are up 34% during that same time period.
And cotton has hit a 150-year high, as the price of this essential clothing commodity has soared 210% since the 2009 inauguration.
In the first two years of their joint reign, Obama and Bernanke have waged a hidden inflation war on the middle class that has fleeced more wealth from folks on Main Street than the previous 20 years combined.
In just his first four years in office, Bernanke has been the captain of a reckless and out-of-control money printing press that has drowned America in more “new cash” than was created during the entire 26-year period from 1959-1985.
You do realize a key reason to the food price rise was due to the increase in gas prices, and well the reason gas prices have gone up under Obama is because they dropped suddenly as demand took a nosedive late in 08 when the economy crashed??
Gas prices are still lower than what they were in the summer of 08 under Bush, when food prices were also increasing as a result of the high gas prices...
You do realize a key reason to the food price rise was due to the increase in gas prices, and well the reason gas prices have gone up under Obama is because they dropped suddenly as demand took a nosedive late in 08 when the economy crashed??
Gas prices are still lower than what they were in the summer of 08 under Bush, when food prices were also increasing as a result of the high gas prices...
No, Hurricane Katrina is forgotten....
Fuel prices are so high because the Arabs are still on the Gold Standard and they know it now takes 3 times more dollar bills to buy an ounce of gold.
They are not as dumb as the stupid Progressives running around here, in the USA.
Fuel prices are so high because the Arabs are still on the Gold Standard and they know it now takes 3 times more dollar bills to buy an ounce of gold.
They are not as dumb as the stupid Progressives running around here.
I'm not talking about Katrina. I'm talking about what happened to gas prices when the economy dropped off the cliff. Gas prices hit an all time high in July of 08 (which btw we haven't reached under Obama), in mid September (just before the Lehman collapse which is when the cliff jump of the economy really took off) gas prices were higher than they are now.
The only reason why gas prices are higher now than when Obama took office is because we were in the midst of an immense collapse when Bush left office which drove demand down drastically. Go back to about 4 months prior to Bush leaving office, and gas prices were higher then than now.
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