Some may look at the government statistics today and argue that inflation is not currently an issue. However, it is well documented that the United States government has revised its method of calculating inflation several times over the years, which has had the effect of understating inflation. According to Shadow Stats, if the government measured inflation on its pre-1982 methods, it would be running at 11.6% percent right now, or 7.3% using the pre-1998 calculations.
The government will try to find a way to keep inflation a secret as long as possible....too bad for them 2012 is still a long way off.
It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy
The government must never admit it. If they do, then there will be political pressure to increase interest rates. As soon as there is any significant increase in interest rates the financial crisis will come to a head. The strain of the increased cost of government borrowing will bring our financial house of cards down.
Yeah, just calculate a future 20 Trillion in debt times 4-5% interest rates that the gov't should be paying and see what happens. ($1 Trilllllion Interest payment). That is half of this years revenues.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Just driving by a gas station these days makes it impossible the keep the dirty secret. If Uncle Sam wants to hush up inflation, he should have found a way to keep the wild escalation of gas prices in check. Bet those companies are the ones with the tail wind...
Of course there's inflation. It will soon be hyperinflation. This could be a good thing for home values and especially for people who are not very far into the payoff of their mortgage. It will also be extremely painful for the poor and needy.
That's true because of the bubble in price that was already built in. It had to go down but mark my word, housing prices will skyrocket along with everything else within the next five to ten years.