Phoenix, AZ (PRWEB) May 14, 2011
The government pretends that Americans won't be facing dangerous inflation by 2012. The facts show otherwise.
This morning the U.S. government reported that April wholesale prices jumped up .8%. This equates to 9.6% annual wholesale inflation in the pipeline to you!
Prices are rising much faster than wages by any standard. In March the wholesale Producer Price Index (PPI) increased 0.7%, the fastest pace since 2008. This is official government data, almost universally disputed as reflecting true cost of living increases.
Can official government statistics be trusted? Not according to John Williams at Shadowstats.com, whose alternative inflation index shows costs rising four times higher than "official" rates.
Since 1980, the Bureau of Labor Statistics (BLS) has changed the way it calculates the Consumer Price Index (CPI) in order to account for the substitution of products, improvements in quality and other things. Recalculating the data without the methodological changes BLS began in 1990 reveals inflation to be at a 5.5 percent rate and getting worse, according to Shadowstats.com.
“Near-term circumstances generally have continued to deteriorate,” says Williams. “Though not yet commonly recognized, there is both an intensifying double-dip recession and a rapidly escalating inflation problem."
"Until such time as financial-market expectations catch up with underlying reality, reporting generally will continue to show higher-than-expected inflation and weaker-than-expected economic results in the month and months ahead.”
Following the Great Depression Economic Playbook?
“The reality is that we are following virtually the same economic playbook as we did 80 years ago in dealing with the Great Depression, which resulted in a false recovery, followed by the most painful contraction in U.S. history with a 25% unemployment rate,” says Smith, author of Crashing the Dollar: How to Survive a Global Currency Collapse.
“In 1929 we decided to borrow, print and spend money that we did not have in order to prompt a 'recovery.' It didn't work then and it will not work now. In my opinion it is going to take not only a credit downgrade, but the potential loss of the U.S. Dollar's Global Reserve Currency status before the proper decisions are made to address the underlying problems."
"Get ready to have the value of your time, labor and dollar assets also headed for a major downgrade!” says Smith.
What this means to consumers is scary indeed. Inflation data last month confirms that the cost of living is rising much faster than wages. We are on a trajectory to crush the middle class within five years unless urgent, decisive action is taken now. The traditional safety net of home equity today no longer exists.
To help Americans grasp the urgency and gravity of our present situation Mr. Smith has written a new easy-to-read White Paper and is now offering YOU a free copy to read before it is too late.
Government's Sneaky Uses of Inflation Exposed
Most of us have been deceived into thinking that high inflation is the inadvertent by-product of misguided or unlucky government policies.
As Mr. Smith's new White Paper will show you, inflation IS the government policy. The approaching tidal wave has been deliberately set in motion. This investigation will show you how and why.
Rising commodity prices are just the warning signs of hidden forces driving the fast-approaching inflation tsunami.
Beneath the surface, inflation is being used as a government tool for: 1) helping political friends and harming enemies, 2) advancing an ideology, 3) secret taxation, here and abroad, 4) social engineering, 5) wealth redistribution, and ultimately 6) absolute power.
THE USES OF INFLATION: Monetary Policy and Governance in the 21st Century explains why inflation is much more than higher prices, and what steps you and your family can take to survive, thrive and even prosper during the hard economic times in America's immediate future.
Call 800-289-2646 and Swiss America will make sure this 40-page report is emailed or mailed to you today. Register now for a FREE copy of "USES OF INFLATION: Monetary Policy and Governance in the 21st Century" White Paper!
# # #
