The Dollar Has Entered A Death Spiral, And A Lot More Inflation Is On The Way
(Editor's Note: Inflation is theft. A little inflation is a little theft, and a lot of inflation is a lot of theft. There is nothing natural about inflation. The Federal Reserve is the only cause of inflation in the U.S.A., and a major cause of inflation throughout the world. Everyone involved with the Federal Reserve are thieves. The IRS is the collection agency for the Federal Reserve. They, too, are thieves. Not one in a hundred working there realizes it. But that hardly matters. We are talking about thousands upon thousands of thieves. No wonder we are in such a mess. - JSB)
Did anyone out there actually expect things to turn out differently? When the federal government kept borrowing and spending trillions upon trillions of dollars that we did not have, we were warned that this day was coming. And when the Federal Reserve kept pumping trillions upon trillions of fresh dollars into our financial system, we were warned that this day was coming. So why is anybody surprised by what is happening at this point? On Wednesday, it was being reported that in December the U.S. consumer price index rose at the fastest pace in nearly 40 years…
They keep telling us that the consumer price index was actually increasing at a faster rate back in 1982, but whenever the corporate media makes such a claim they are not being honest.
The way that the consumer price index is calculated has been changed more than two dozen times since 1980, and every single time it has been changed the goal was to make the rate of inflation look smaller.
According to John Williams of shadowstats.com, if the consumer price index was still calculated the way it was back in 1990, the official rate of inflation would be above 10 percent right now.
And if the consumer price index was still calculated the way it was back in 1980, the official rate of inflation would be above 15 percent right now.
But 7 percent sounds a whole lot better than 15 percent, doesn’t it?
We can get a better picture of what is really going on out there when we start looking at individual categories. The following category numbers were posted earlier today by Citizen Free Press…
Unfortunately, it looks like the price of gasoline will soon go even higher.
In fact, Reuters is telling us that some analysts are projecting that the price of oil could soon exceed 100 dollars a barrel…
It takes energy to transport virtually all of the goods that we purchase on a regular basis, and so a higher price for gasoline will cause inflationary pressure throughout our entire economy.
Some companies are responding to this crisis by giving their customers less for the same price that they were charging before.
For example, if you order chicken wings from Domino’s Pizza you will only get a package of eight from now on…
All around us, there is evidence that our standard of living is rapidly going down.
The cost of living is increasing much, much faster than paychecks are, and that is an extremely alarming trend. According to Zero Hedge, real average hourly earnings have now declined for 9 months in a row…
In other words, most Americans are getting poorer.
Meanwhile, the appalling nationwide shortages that have erupted continue to make headlines all over the nation.
According to USA Today, the following are some of the most severe shortages that we are witnessing right now…
And it turns out that fear of Omicron has also sparked a really bad shortage of cold medicine…
So if you were thinking of stocking up on Benadryl for some reason, I would go out and grab some while you still can.
The corporate media seems absolutely stunned that our politicians in Washington and the magicians at the Federal Reserve have lost control of our economy.
But we were warned for years that what they were doing would kill the U.S. dollar, and the death spiral that we have now entered is going to become exceedingly painful.
What we are experiencing now is not just another short-term economic crisis.
This truly is the beginning of the end for the U.S. economy, and I would recommend that you prepare accordingly.
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