It looks like our inflation rate is higher than 4.9% reported by the government. I mean that is the sense I get from the price increases that I know about. I don't see how energy and food cost rises and dollar devaluations can be so extreme yet inflation be so low.
http://data.bls.gov/PDQ/servlet/Surv...A0,CUUSA311SA0
Last week I saw headlines about food riots. Today, there is something about Russia having less oil than everyone thought? I keep hearing stories from friends of people who bought into the idea of home equity as line of credit and now owe incredibly more than their houses are worth. A friend's brother used the equity in his home to put a down payment on a second home and 8 cars and motorcycles!!! Then he lost his job. Nothing makes sense anymore. I used to think the frugal car-free lifestyle was a good cushion against life's vicissitudes but I'm not so sure a bike is an advantage over a steel cage during food riots.
Ever hear the term "monetizing the debt"? All the gov't does is print more dollars (which makes
all dollars buy less) to keep the illusion all is well. The feds just put $20 billion more dollars into
circulation this March '08. It's also interesting that the "M3" (report on how much paper $ is in
circulation ) isn't available to the public anymore.
http://www.dailyrepublican.com/monetizing_debt.html
http://economistsview.typepad.com/ec...s_debt_mo.html
__________________
My preferred bicycle brand is.......WORKSMAN CYCLES
I dislike clipless pedals on any city bike since I feel they are unsafe.
Originally Posted by krazygluon
Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?