We need a little amnesty ourselves, as it ain't easy being a "terrorist" while trying to defend our country from the terrors within, the horrors looming without, and a constant pummeling from all sides, hitting us in the pocket harder while slapping us around like errant school-children.
We don't need another whining lecture on Keynesian economics and grievance platitudes from an Islamofascist street-thug whose only accomplishment in life to date before being suspiciously elevated to POTUS was educating legions of Chicago tenement-dwellers on how to "rig" elections, "beat the system" tactics and the Cloward-Piven strategy, with Saul Alinsky as top-billing.
You want the facts? Do you really want to know what's going on in Obama's "recovery" he is so fond of bragging about? Well, HERE YOU GO:
Facts and Truth About U.S. Inflation, Debt, and Political Crisis
The U.S. Bureau of Labor Statistics (BLS) yesterday released their consumer price index (CPI) data for the month of July. The BLS reported an increase in year-over-year CPI growth to 3.63%, the highest rate of U.S. price inflation since October of 2008. July's official government reported year-over-year U.S. price inflation rate of 3.63% was up from 3.56% in June, 3.57% in May, 3.16% in April, 2.68% in March, 2.11% in February, 1.63% in January, 1.5% in December, and 1.1% in November.
The official rate of U.S. price inflation has increased by 230% over the last eight months. NIA conservatively projects the official rate of U.S. price inflation to surpass 4% by year-end and 5% in early 2012. NIA estimates the real rate of U.S. price inflation, without geometric weighting and hedonics, to currently be approaching 8%. NIA projects the real rate of U.S. price inflation to reach double-digit territory by mid-2012, if not much sooner.
Gold prices today reached a new all time high of $1,877 per ounce. Gold is the best gauge of inflation, not the CPI. On June 15th when the BLS reported May CPI data, gold was trading for only $1,520 per ounce. Even though the BLS reported a year-over-year CPI increase for the month of May of 3.16%, the mainstream media reported that inflation was slowing down and not a problem because gas prices were declining. Although seasonal adjusted gas prices in the month of May were down 2%, NIA reported to you that non-adjusted gas prices actually rose 3.6%. NIA then warned you that the BLS's seasonal adjustments will reverse beginning in the month of July and start boosting reported gas prices.
NIA was right, seasonal adjusted gas prices in the month of July increased 4.7%. The mainstream media intentionally misled Americans about price inflation during the month of June, but the world is now recognizing the truth about how U.S. price inflation is spiraling out of control with the price of gold having risen 23% since mid-June. The investment community is also finally realizing what NIA has been saying for years, inflation does not create real economic growth.
The Dow Jones declined today by 172.93 points to 10,817.65 and the Dow Jones/Gold ratio fell to 5.84. The Dow Jones/Gold ratio is declining at a faster rate than even we expected. NIA was one of the only organizations in the world to accurately predict that the Dow Jones/Gold ratio would decline to 6.5 in 2011. NIA continues to believe that the Dow Jones/Gold ratio will decline to 1 this decade, which will mean another 83% loss for Dow Jones stocks in terms of real money.
The lower the stock market declines in the near-term, the greater the chances are that the Federal Reserve will soon unleash QE3 in disguise under a new name. Despite gold reaching a new all time high, the core-CPI, which the Federal Reserve likes to use to gauge inflation because it excludes food and energy prices, is currently up 1.77% on a year-over-year basis, compared to an annual gain of 0.61% in October of last year. Even though core-CPI growth appears to still be low, year-over-year core-CPI growth has increased by 290% since October of last year, a larger gain on a percentage basis than the official CPI. Ever since the Federal Reserve announced QE2 in November of last year, core-CPI has increased for nine straight months.
Pretty picture, isn't it? I wonder if the axiom holds true; What happens in Martha's Vinyard stays in Martha's Vinyard???
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