Friday, February 11, 2011

Hyperinflation is A Small Price to Pay?

Monty Pelerin, over at the American Thinker, has an excellent and informative article about the coming hyperinflation... or arguably the current hyperinflation that is upon us already... and how our government is trying to convince us that it's really not that big a deal.

American Thinker
The US is hurtling toward out-of-control inflation while the political class tries to convince the hoi polloi that inflation is not a problem. Government-generated CPI data show tame inflation. Federal Reserve Chairman Ben Bernanke claims deflation, not inflation, is the danger to the economy.

Despite government propaganda every shopper knows inflation is already a serious problem. The Financial Times presented annual price increases for various items, which included the following:

* heating oil +41%
* copper +59%
* silver +91%
* palladium +212%
* corn +91%
* wheat +79%
* cotton +143%

These data indicate that inflation is upon us. The magnitude of these numbers suggests hyperinflation.

The effects of inflation are not limited to the US and not limited to rising prices. Spiraling food costs have been cited as a factor in political upheaval in several countries, including most recently Egypt. ....

You would do well to go read the whole article... and then... think about the coming ramifications.

And... as always... it will be the "little people" that are the most devastated by the progressive/liberal policies... the very ones they purport to be representing... but in fact are using them like cheap rags for their own political and monetary purposes.

xtnyoda, shalomed

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