Tuesday, August 16, 2011

Inflation is not "transitory"

According to Jim Quinn of the The Burning Platform blog:

The reality since Ben Bernanke announced his QE2 policy in August 2010 is:
  • Unleaded gas prices are up 45%.
  • Heating oil prices are up 46%.
  • Corn prices are up 71%.
  • Soybean prices are up 26%.
  • Rice prices are up 13%.
  • Pork prices are up 31%.
  • Beef prices are up 25%.
  • Coffee prices are up 38%.
  • Sugar prices are up 48%.
  • Cotton prices are up 13%.
  • Gold prices are up 42%.
  • Silver prices are up 115%.
  • Copper prices are up 23%.
Yet, official statistics from the BLS state inflation is running at 2 - 3%.  They must be applying fictional math in the District of Corruption.

No comments:

Post a Comment