Everyone seems to be focused on the great news that bin Laden was finally sent to hell by SEAL team 6 a couple of days ago, and that’s awesome, but there are other things we should not lose track of like the fact that our economy is in a death spiral as government keeps spending far beyond what it can afford and the anti-business policies of the left keep putting pressure on any kind of bounce back. Things look real bad, but most of us are not realizing how bad because they are hiding it. The dollar is getting hammered, the cost of energy is out of control, and inflation, real inflation, not the crap they are hiding behind, is over 10%;
the reason the CPI is losing credibility is that, as economist John Williams tirelessly points out, it’s a bogus index. The way inflation is calculated by the Bureau of Labor Statistics has been “improved” 24 times since 1978. If the old methods were still used, the CPI would actually be 10 percent. Yes, folks, double-digit inflation is back. Pretty soon you’ll be able to figure out the real inflation rate just by moving the decimal point in the core CPI one place to the right.
It’s not only the BLS that speaks with a forked tongue. Members of the Council on Foreign Relations last week heard Treasury Secretary Tim Geithner say: “Our policy has been and will always be … that a strong dollar is in the interest of the country.” Fact: the dollar has depreciated relative to other currencies by 17 percent since 2009.
We are getting hammered from both ends. The dollar is losing its buying power as it devalues, and the cost of everything is going up and going up at a scary pace. And it is becoming obvious that this is happening because of either a determined strategy to do so or as a real world effect of stupid collectivist dream strategies that simply don’t work in the real world. In the first case we have a government that is actively destroying the wealth in America so it can keep spending, borrowing, and growing, all so the collectivist’s agenda can keep moving on. The later simply is the real world responding to the fact the economic beliefs of the left are insane and unrealistic. In either case we will end up with misery and economic ruin: the destruction of any middle class, which is BTW whom they claim they are doing all this crap for. The fact is that we are running out of other people’s money, and this whole grand collectivist scheme is crashing down. It’s not sustainable, and no amount of confiscation of other people’s wealth or pretense that all wealth is shared equally will change that. This system, portending to try to seek “social justice” does nothing of the sort. In fact, all it serves as is a system to punish the success of those that the ruling class, the self appointed guardians of the downtrodden and the ones doing most of the trodding down, don’t like, for whatever reason.
I make a pretty decent chunk of change, and I am seeing how my money doesn’t go nearly as far as it used to. Lucky for me I am not loaded with crazy debt either. But, I can not imagine how much harder it is for people that make less than I do. And yet, so many of these people think the very people that are doing this to us all are looking out for them? Even worse, we have a media that shills for these crooks and covers constantly, all because of ideology, while the house of cards collapse aournd us. Talk about insanity.