Thursday, July 18, 2013

Inflation's Effect on Our Grocery Cart.

Inflation robs from everybody, especially the poor and the middle class. The Fed and US Treasury don't stimulate the economy by printing money out of thin air. Instead, the unintended consequence is they stifle economic growth because they cause consumer prices to rise, despite the BLS official statistics citing low inflation.
Tapped out consumers are faced with rising costs across the board. Have healthcare, tuition, gas, food prices declined for anyone? No. The public has been brainwashed into thinking there is no inflation, because the daily movements are imperceptible. But there is no doubt our purchasing power is slowly being destroyed by the Fed's monetary policies. A look at our grocery cart reveals the truth.
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