Wave of fast food strikes hits 60 cities

It's not just platinum and gold mining workers from South Africa striking; it's also BART workers in the San Francisco bay area.

Now, fast food workers all across America are demanding hiring wages.

Inflation will soar, and by honest calculations, we already have inflation--hence, the wage strikes.  Meanwhile, the government's BLS continues to pump out understated CPI numbers to mask true inflation.  If the cost of living was so tame, why are workers globally demanding huge wage increases?

The authorities insist inflation is tame--and that we need HIGHER inflation in order to stimulate the economy.  This is a classic case of "be careful what you wish for," because while the velocity of money is dormant, the monetary base is exploding due to the Fed's easy monetary and zero interest rate policies.

Once inflation truly kicks in, people will sense this and spend their fiat currencies as quickly as possible, thereby escalating money velocity, which could very well spark inflationary pressures.  Labor cost pressures are the biggest triggers for spiraling inflation, as they are embedded in every corner of our economy.

In Bernanke's zeal to defeat the deflationary pressures of the Great Depression, he is hellbent on sparking something far worse:  hyperinflation.

http://money.cnn.com/2013/08/29/news/fast-food-strikes/index.html

Fast-food workers in NYC stage strikes, rallies

Another strike among San Francisco Bay Area Rapid Transit (BART) workers is looming.  Now fast food workers in New York are striking.  Workers are demanding higher wages because the cost of living keeps soaring--despite official government statistics denying inflation exists.

Higher wages are the last peg in the inflation stool, because rising labor costs permeate throughout the economy.  Those who have declared inflation is dead will be be proven dead wrong.

We're already have monetary inflation.  The missing components are rising wages--and the velocity of money.  At that point, we will have consumer price inflation, and it is game over for the Fed, because they won't be able to fight inflation with rising interest rates.

Debt kills.  Absolute debt absolutely kills.

http://bigstory.ap.org/article/fast-food-workers-nyc-stage-strikes-rallies

Greek unions protest and strike

Citizens of indebted western, developed countries had better get used to this Greek example.

http://news.yahoo.com/s/ap/20100224/ap_on_bi_ge/eu_greece_financial_crisis

Bloomberg reports the protests are becoming violent.

http://www.bloomberg.com/apps/news?pid=20601087&sid=auLLhrWZiKi8&pos=8