From MercoPress
''The overwhelming majority of interviews blame inflation and the loss of
purchasing power to their current difficulties. The official inflation
according to the much discredited stats office Indec stands at 10.2% in
the last twelve months but private consultants, banned from releasing
their findings, agree that consumer prices have been rising at 24.6%
annually.''
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Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Wednesday, December 5, 2012
Saturday, December 1, 2012
''Dollar's Decline Catches Up With U.S. Mint''
From The New American
''Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes.
First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel. This is costing the mint a lot of money, an estimated $187 million last year alone.''
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''Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes.
First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel. This is costing the mint a lot of money, an estimated $187 million last year alone.''
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Friday, November 2, 2012
Economy: ''Inflation Has Become A Way Of Life In America''
From ETF Daily News
''Inflation is a tax which is destroying the value of each dollar that we hold a little bit more every single day, and the American people deserve to know the truth about what is going on.
In this day and age, it simply does not pay to put money into long-term savings. When you finally pull your money out it will have far less purchasing power than it originally did.''
read more
''Inflation is a tax which is destroying the value of each dollar that we hold a little bit more every single day, and the American people deserve to know the truth about what is going on.
In this day and age, it simply does not pay to put money into long-term savings. When you finally pull your money out it will have far less purchasing power than it originally did.''
read more
Friday, October 26, 2012
''An End to Exponential Easing at the Altar of Bernanke's Faith-Based Inflation!''
Thursday, October 25, 2012
Must Watch "Rumble in the Monetary Jungle" with Karl Denninger and Mike Norman!!''
Friday, October 19, 2012
''Dollar Index Disguises Global Inflation Threat''
a must read........................From USA Gold
By Jonathan Kosares
''When the U.S. Dollar Index peaked at 120.51 in January of 2002, few suspected that it was on the brink of a one-directional correction that would ultimately erase a third of its value. In fact, in just three short years, the dollar index shed, on average, a point a month before ultimately hitting a low of 80.77 in January of 2005. This sharp decline in the dollar index coincided with, and largely fueled, the first few years of the now decade-old bull market in gold. Those participating in the gold market in those first few years were taught ‘at a young age’, so to speak, that the dollar and gold were inseparably linked. If one wanted to know what was going on with gold, one would look no further than the dollar index. If the index fell, gold would rise, and if it rose, gold would fall. Even today, financial media outlets still ‘explain’ the daily movements of the gold price in this same context of corresponding activity in the dollar index. If the dollar index is so important to predicting and explaining the value of gold, then how does one explain that seven years after hitting the low of 80.77, the dollar index is still trading in the same range - just above 80 today - yet gold has quadrupled?''
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By Jonathan Kosares
''When the U.S. Dollar Index peaked at 120.51 in January of 2002, few suspected that it was on the brink of a one-directional correction that would ultimately erase a third of its value. In fact, in just three short years, the dollar index shed, on average, a point a month before ultimately hitting a low of 80.77 in January of 2005. This sharp decline in the dollar index coincided with, and largely fueled, the first few years of the now decade-old bull market in gold. Those participating in the gold market in those first few years were taught ‘at a young age’, so to speak, that the dollar and gold were inseparably linked. If one wanted to know what was going on with gold, one would look no further than the dollar index. If the index fell, gold would rise, and if it rose, gold would fall. Even today, financial media outlets still ‘explain’ the daily movements of the gold price in this same context of corresponding activity in the dollar index. If the dollar index is so important to predicting and explaining the value of gold, then how does one explain that seven years after hitting the low of 80.77, the dollar index is still trading in the same range - just above 80 today - yet gold has quadrupled?''
read more
Sunday, October 14, 2012
''Bernanke's inflation paradox: Three times's a charm with Max Keiser''
Saturday, October 13, 2012
''Rise of the $5 Pizza: Embracing deflation with 99-cent stores and discount movies''
awesome, must read.....screw inflation and screw the fed.........From Reason.com
''For decades economists have warned about the dangers of deflation. The ongoing double-digit, multimarket decline in real estate prices should horrify us, we are told. Even our language has been edited to reflect this mentality; the phrase real estate recovery is a happy-sounding euphemism for a reinflation of housing prices. Yet everywhere you look, Americans are happy to do the deflation dance. ''
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''For decades economists have warned about the dangers of deflation. The ongoing double-digit, multimarket decline in real estate prices should horrify us, we are told. Even our language has been edited to reflect this mentality; the phrase real estate recovery is a happy-sounding euphemism for a reinflation of housing prices. Yet everywhere you look, Americans are happy to do the deflation dance. ''
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Monday, September 17, 2012
''Gold Rises to 17-Year High on Concern Over Global Inflation''
news story and headline from 2005....................From Bloomberg
''Gold rose in New York and London, touching a 17-year high for a second day, as investors sought protection from inflation.
A 48 percent jump in oil prices this year boosted fuel and raw-material costs that companies are passing along to customers. DuPont Co., the third-biggest U.S. chemical maker, said Sept. 12 it will raise prices on 35,000 products. The central bank of Argentina said Sept. 14 it may boost gold reserves to protect against inflation and financial crises.''
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''Gold rose in New York and London, touching a 17-year high for a second day, as investors sought protection from inflation.
A 48 percent jump in oil prices this year boosted fuel and raw-material costs that companies are passing along to customers. DuPont Co., the third-biggest U.S. chemical maker, said Sept. 12 it will raise prices on 35,000 products. The central bank of Argentina said Sept. 14 it may boost gold reserves to protect against inflation and financial crises.''
read more
Thursday, September 13, 2012
John Williams - ''Sell-Off in Dollar Should Evolve into Hyperinflation''
Another excellent interview From USA Watchdog.........
Thursday, September 6, 2012
''What to Do When – Not If – Inflation Gets Out of Hand''
From Financial Sense
By Jeff Clark
''Car prices, insurance premiums, household items – a list of necessities I can't go without. Regardless of one's income level or how tough life might get at times, one has to keep spending money on the basics. (This includes ice cream for only some people.)
According to the government, we're supposedly in a low-inflation environment. What happens if price inflation really takes off, reaching high levels – or worse, spirals out of control?
That's not a rhetorical question. Have you considered how you'll deal with rising costs? Are you sure your future income will even keep up with rising inflation?''
read more
By Jeff Clark
''Car prices, insurance premiums, household items – a list of necessities I can't go without. Regardless of one's income level or how tough life might get at times, one has to keep spending money on the basics. (This includes ice cream for only some people.)
According to the government, we're supposedly in a low-inflation environment. What happens if price inflation really takes off, reaching high levels – or worse, spirals out of control?
That's not a rhetorical question. Have you considered how you'll deal with rising costs? Are you sure your future income will even keep up with rising inflation?''
read more
Monday, July 16, 2012
''An Absolutely Stunning Development In The Gold Market''
From King World News
''Today King World News is reporting on an absolutely stunning development in the gold market. Acclaimed commodity trader Dan Norcini told KWN, “The swap dealers, (which is) a category of relatively large traders and big banks, for the first time on my records, are actually net longs in the gold market.” Norcini also noted, “Even back in 2008, at the height of the credit crisis, when there was a huge change of ownership in the gold market and traders were just jettisoning positions, the swap dealers never made it onto the net long side in the gold market.''
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''Today King World News is reporting on an absolutely stunning development in the gold market. Acclaimed commodity trader Dan Norcini told KWN, “The swap dealers, (which is) a category of relatively large traders and big banks, for the first time on my records, are actually net longs in the gold market.” Norcini also noted, “Even back in 2008, at the height of the credit crisis, when there was a huge change of ownership in the gold market and traders were just jettisoning positions, the swap dealers never made it onto the net long side in the gold market.''
read more
Saturday, July 7, 2012
''The “Black Hole of Deflation” turns into runaway inflation. What of Gold & Silver - Part 3''
From GoldSeek
''Deflation is now the global fear, far more so in the developed world than in the emerging world. But the deflation we are talking about is not simply an economic slowdown. Today’s deflation is a decay of trust, of confidence and consequently, hope. Deflation breeds prudence, caution, discouragement, which attacks growth. Banks slow down their lending, delay the processing of loan requests, take only very secured collateral for their loans. Individuals save in the hope that they can manage those rainy days they see coming.''
read more
''Deflation is now the global fear, far more so in the developed world than in the emerging world. But the deflation we are talking about is not simply an economic slowdown. Today’s deflation is a decay of trust, of confidence and consequently, hope. Deflation breeds prudence, caution, discouragement, which attacks growth. Banks slow down their lending, delay the processing of loan requests, take only very secured collateral for their loans. Individuals save in the hope that they can manage those rainy days they see coming.''
read more
Monday, June 25, 2012
''How You’re Getting Fooled By Inflation''
From ETF Daily News
''Let’s say you had the good sense to put $1,000 into the S&P 500 in 1998, when it sat at 900.
Today, that $1,000 investment would be worth close to $1,500 – a solid 50% gain in 15 years. Not bad. That’s an annualized gain of just under 3% – which today looks pretty darn attractive.
However, if you account for inflation, you’re barely in the black. $1,500 today is worth about $1,060 in 1998 dollars. So your 50% gain has been whittled back to a 6% gain after inflation.
But hold on. It gets worse…
Because if you sell your $1,500 position today, you’ll be taxed at the capital gains rate of at least 15%.
15% of your $500 gain is $75. Now your $1000 investment is only worth $1425 after taxes (assuming you don’t pay more – which you probably do).
$1,425 in 1998 dollars only comes to $1,010 and change.
There go your profits, because after taxes your real gain is whittled back to $10 in 1998 dollars – or just a 1% gain on your initial investment!''
read more
''Let’s say you had the good sense to put $1,000 into the S&P 500 in 1998, when it sat at 900.
Today, that $1,000 investment would be worth close to $1,500 – a solid 50% gain in 15 years. Not bad. That’s an annualized gain of just under 3% – which today looks pretty darn attractive.
However, if you account for inflation, you’re barely in the black. $1,500 today is worth about $1,060 in 1998 dollars. So your 50% gain has been whittled back to a 6% gain after inflation.
But hold on. It gets worse…
Because if you sell your $1,500 position today, you’ll be taxed at the capital gains rate of at least 15%.
15% of your $500 gain is $75. Now your $1000 investment is only worth $1425 after taxes (assuming you don’t pay more – which you probably do).
$1,425 in 1998 dollars only comes to $1,010 and change.
There go your profits, because after taxes your real gain is whittled back to $10 in 1998 dollars – or just a 1% gain on your initial investment!''
read more
Tuesday, June 19, 2012
Saturday, May 5, 2012
''Currency Debasement and Social Collapse''
From Mises
"[In a recent debate between Ron Paul and Paul Krugman, Dr. Paul said, "Professor Krugman indicates we just want to go back 100 years or so. That's not exactly true. We want to improve on what life was like back then. But he wants to go back 1,000 years or 2,000 years, just as the Romans and the Greeks … debased their currency."
''In Human Action, Ludwig von Mises explained how currency debasement contributed to the fall of the classical civilization of antiquity.]
Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization.''
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"[In a recent debate between Ron Paul and Paul Krugman, Dr. Paul said, "Professor Krugman indicates we just want to go back 100 years or so. That's not exactly true. We want to improve on what life was like back then. But he wants to go back 1,000 years or 2,000 years, just as the Romans and the Greeks … debased their currency."
''In Human Action, Ludwig von Mises explained how currency debasement contributed to the fall of the classical civilization of antiquity.]
Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization.''
read more
Tuesday, April 24, 2012
''First Deflation then Inflation, Phase One and Two''
From Kitco
"Ok if all that incredible amount of money (and we are only talking the Fed at the moment, not the Chinese, the Japanese, nor the ECB all with say at least another close to ten $trillion USD worth, meaning in their own currency but we just use the USD to compare the amount here) they all threw into the flames….
Flames is a good analogy. What happened is this…They are attempting to keep alive a world awash in debt and all that money is merely being used to cover huge losses at financial institutions…which are basically like zombie banks now…and all the while the public funds are being depleted at a rapid rate."
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"Ok if all that incredible amount of money (and we are only talking the Fed at the moment, not the Chinese, the Japanese, nor the ECB all with say at least another close to ten $trillion USD worth, meaning in their own currency but we just use the USD to compare the amount here) they all threw into the flames….
Flames is a good analogy. What happened is this…They are attempting to keep alive a world awash in debt and all that money is merely being used to cover huge losses at financial institutions…which are basically like zombie banks now…and all the while the public funds are being depleted at a rapid rate."
read more
Saturday, April 21, 2012
''Growth vs. inflation debate sharpens''
From Reuters
"Two key central bank meetings and a string of big data releases in the coming week should sharpen the debate over slowing growth and rising inflation risks, and may shake the markets out of the doldrums which followed a bumper first quarter for asset prices.
The U.S. Federal Reserve's monetary policy committee will update its economic forecasts for the first time since January at its mid-week meeting, when no policy change is expected but where recent indicators have disappointed investors."
read more
"Two key central bank meetings and a string of big data releases in the coming week should sharpen the debate over slowing growth and rising inflation risks, and may shake the markets out of the doldrums which followed a bumper first quarter for asset prices.
The U.S. Federal Reserve's monetary policy committee will update its economic forecasts for the first time since January at its mid-week meeting, when no policy change is expected but where recent indicators have disappointed investors."
read more
Monday, March 12, 2012
''Tensions Rise Over Indonesian Fuel Prices''
From Jakarta Globe
"In the run-up to the government’s planned fuel price hike, the police are intensifying raids against hoarders, and three key labor organizations are warning of massive street protests.
The price of subsidized low-octane gasoline is set to rise 33 percent in April and fears of resulting inflation are beginning to see hoarding of fuel as well as other goods."
read more
"In the run-up to the government’s planned fuel price hike, the police are intensifying raids against hoarders, and three key labor organizations are warning of massive street protests.
The price of subsidized low-octane gasoline is set to rise 33 percent in April and fears of resulting inflation are beginning to see hoarding of fuel as well as other goods."
read more
Friday, March 9, 2012
Greece: "Consumer prices keep rising"
"The increase in the prices of fuel, fresh fruit and vegetables, and food served in restaurants and bars (due to the increase in value-added tax) compared with February 2011 resulted in a relatively high inflation level, given the recession.
There was still a decline in the prices of apparel, homeware products, telecommunications and drugs."
from ekathimerini...
There was still a decline in the prices of apparel, homeware products, telecommunications and drugs."
from ekathimerini...
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