When we have an over-inflated tire, we know that over-inflation will cause a Blowout, while deflation results in a flat tire – those are clear and simple definitions which don’t require a genius to understand. Driving on a flat tire will destroy the tire and the rim will soon follow. One would think that even a bureaucrat would grasp that, but we can only imagine that’s “too simple”.
From the Burning Platform: We all know the BLS artificially suppresses the CPI through bullshit substitution adjustments, quality adjustments, and various other incomprehensible hedonic adjustments made by government apparatchiks at the behest of their politician bosses. Some obscure theoretical academic calculation called owners equivalent rent accounts for almost a quarter of the CPI weighting.
[Janet Yellen, now chairman of TheFed] has decided … yes, She has decided that a 2% inflation rate is just the answer to our economic troubles. And She has also decided that zero interest rates are here to stay for a while. Yes, She has decided and She has spoken. Praise unto the Federal Reserve Chairperson.
This is a re-post from Lew Rockwell.com. I copied it here because this may well be a very legitimate concern and requires your action to protect yourselves; Act accordingly. For ourselves, we’re juggling things to move our money out of our bank accounts. We’ve been discussing this at home for several months. It seems not that easy! If you have thoughts on how best to do this, please comment. Thank you, Dean Striker
Bottom line: You are playing with fire if you keep any serious amount of money in a US bank.
It is time for serious diversification. Depending upon the size of your assets, there are different things that should be done. But almost everyone should have some cash and gold coins stored outside the banking system.
Congratulations are in order to these fine men: Senator Jim DeMint was joined by seven other co-sponsors of SB 504, including Sens. Tom Coburn, R-Okla.; Orrin Hatch, R-Utah; Mike Lee, R-Utah; Rand Paul, R-Ky.; James Risch, R-Idaho; Pat Toomey, R-Pa.; and David Vitter, R-La. Thank you, Senators, for doing what needs to be done! Senator […]
Boehner, Obama and Reid cut a deal…will cut $78.5 billion from Obama’s original fiscal 2011 budget, resulting in spending of $3.755 trillion. Senator Rubio voted NO! At last a Senator of REASON!
All these examples do NOT imply that gasoline is cheap; it just illustrates how outrageous some prices are…. You will be really shocked by the last one! (At least, I was…) Compared with Gasoline…… Think a gallon of gas is expensive? This makes one think, and also puts things in perspective. Diet Snapple 16 oz […]
IF America is ever to resume Liberty, the Federal Reserve must go. TheFed being Congress’ Partner in Crime, Congress has retained it for 98 long years now, and ignores all calls to End the Fed. TheFed’s only assets are it’s UNSECURED fiat dollar and Treasury Debt expressed in terms of the same fiat dollar. Thus […]
The International Business Times has just reported that House Majority Leader, Steny Hoyer, says Congress may need to raise the U.S. federal debt ceiling by $1.8 trillion. “It is December,” House Appropriations Committee Chairman Dave Obey said, “we don’t really have a choice. The bill’s already been run up; the credit card has already been […]