INFLATION RATE

If you ask the government what the inflation rate is they will tell you it’s 3.4 percent. Of course food and energy prices are not included in the calculations and anyone who actually goes to a grocery store after filling up their tank could have told you that. I spent fifty years in the printing industry before retiring and then reentering the workforce in retail.

I spend everyday checking out those making purchases. I see the struggles of people trying to make purchases for essentials while counting out coins hoping to have enough to make the purchase. Food prices and energy pieces are connected and I will explain.

Buying habits have changed over the last few years with more concentration going to convenience foods that can be taken from the freezer and put directly into the microwave. To meet that consumer demand stores who sell food had added additional freezers and coolers. These additional refrigeration units have added to their already growing energy bills, which of course has to be passed to consumers.

Petroleum prices have an additional effect on prices in the form of packaging. Plastics and other synthetics are produced from petroleum and every petroleum price increase affects the prices of every plastic bottle, bag and blister pack. When that is added to an increase in shoplifting, which is at its highest level ever you have an overall increase in prices. .

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Reason10 · 70-79, M

Remember, most people do not even know the DEFINITION of "Inflation." And people were REALLY ignorant of that definition not that long ago (Example: The Ford Administration had buttons made that said WIN.Whip Inflation Now. There were commercials that blamed CONSUMERS for inflation, calling them piggy. That's how ignorant the country was back then, and it remained ignorant through four years of the Carter disaster.)

Inflation is TOO MANY DOLLARS CHASING TOO FEW GOODS. Inflation can ONLY be created by GOVERNMENT, by flooding the M1 market with too many printed dollars. Unelect Joe did that at record levels with those stimulus checks. And the effect was instant. Yes, it didn't help that he raped the domestic energy industry and caused the price of fuel to skyrocket. But remember, inflation is a monetary problem.

Wanna know what caused the FIRST gasoline shocks at the pump, back around the early Seventies? (Probably there's no one here old enough to remember having to wait in long gas lines,while a LYING government tried to tell us there was a fuel shortage.)

Richard Nixon had taken the world off the Bretton Woods gold standard. The OPEC nations warned him not to do this, because ALL oil is traded ONLY with US dollars. The US dollar is the reserve currency of the world. (And the reason why Americans aren't paying $10 a gallon for gasoline like most European countries.)

Nixon was the first, and what he did was a disaster. In fact, his was the most LIBERAL presidency in history. Adolf Obama would KILL to have as LIBERAL a record as Nixon.