The Phaserl



from The Burning Platform:

New Yorkers are bringing home the bacon — but can’t afford the beef.

The prices of supermarket staples such as meat, milk and butter are skyrocketing.

US Labor Department data show the bill for butter surged 23.7 percent over the last 12 months. Meat rose 13 percent in the last year, with beef jumping 17.8 percent — the biggest boost since January 2004.

Meanwhile, fresh fruits other than apples, bananas and oranges increased 9.5 percent and whole milk rose 8.7 percent.

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  • Ed_B


    The phrase, “Oh, Hell, no!”, comes to mind here. First, it is necessary to understand exactly what inflation and deflation really are. They are monetary aspects of fiat currencies. Inflation is the rate at with the buying power of a currency is destroyed. In the past 100 years, 98% of the buying power of the US$ has been destroyed, so it now costs $1 to buy what 2 cents did 100 years ago. Deflation is just the opposite in that it is the rate that a currency gains in buying power. If one has money, then one desires it to buy as much stuff as possible. Therefore, deflation is the preferred state of things for consumers. If one is a borrower and spender, on the other hand, one lives in a continuous state of debt and desires inflation so that they can repay their debts with ever cheaper money.

    There was a time when falling prices were due to increased production efficiency. This was called “progress” and it was hailed by one and all. In the current house-of-cards economy, however, deflation is not considered as progress but as a threat to the stability of the house-of-cards. Therefore, deflation is “bad” and inflation is “good” since inflation supports this house-of-cards.

    My paternal grand parents were born in the mid-late 1890s. They were young adults during the Great Depression. Those hard times made a powerful impression on them and they had many stories to tell about it. One that sticks with me was their comments on the fact that the stores were loaded with goods during the Great Depression but that very few people actually had any money. The reason for this was that gold was money back then and the banks were hoarding it rather than lending it into the economy. This was not an accident, it was done on purpose. This is an old bankster scheme and it involves inflating an economy with easy credit (Roaring Twenties) and then jerking the rug out from under it via hoarding money to cause a deflationary depression (1930s). This causes a lot of bankruptcies that the bankers can then loot at their leisure via sheriff’s tax sales and other ways of buying up assets at fire sale prices.

    While the Great Depression is the best example of this on record, it is not the only one. The “panics” of the 1800s were of this same type, although often not as large as this. After holding these properties for several years, they then reverse the process, goose the economy, and bring back the good times so they can sell these properties for many times their cost to the banks. Via this mechanism, the banks can loot hundreds of billions of dollars worth of property from the American people.

    This was repeated in 2008, in fact, giving us the so-called Great Recession, which was a depression in all but name. Once again, the Fed applied the same type of stimulus program to “fix” the problems that they and their bank owners had caused, even though that proved in the 1930s not to work and was so described by the then US Sec. Treas., Henry Morganthau, Jr. In 1937, he said:

    “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot.”

    In spite of this admission from a man who was at the very center of the government’s apparent effort to end the Great Depression, Ben Bernanke, supposedly an expert on those times, did exactly the things that Morganthau stated did not work. So much for the Great Depression “expert” and his ability to correct the problems that he and his bankster buddies caused and that resulted in the Great Recession. No, it is not over either as many Americans are still suffering from the economic damage created by these bankster scum-suckers and their allies at the Fed.

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