Posts Tagged ‘US Inflation’


Irwin Kellner
MarketWatch
March 26, 2012

Now that inflation is beginning to pick up, it is vital to distinguish between what is real and what is just an illusion caused by inflation. If one does not, one might very well come away with the impression that the economy is shifting into higher gear when, in fact, it is not.

Take retail sales, for example. On the surface they are encouraging, since February’s sales gain was the most in five months. And since retail sales are one-half of consumers’ spending, which in turn makes up two-thirds of overall economic activity, one might be tempted to conclude that the worst is over.

One would be wrong. First of all, these are dollar figures, adjusted for the time of year but not for inflation. Second, most of the rise reflected a 6% surge in gasoline prices.

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Sic Semper Tyrannis
March 1, 2011

Trends forecaster Gerald Celente appeared on RT February 28, 2011, explaining how the circus called the U.S. government is running America – right into disaster.

Current predictions circulating among economists are that oil prices may soon hit $200 a barrel. Lindsey Williams, a well known Chaplain and close associate with oil company elites has revealed that the globalists in charge behind the scenes are planning to push oil prices as high as $150- 200 a barrel before 2012.

Gerald Celente states the only possible way for oil prices to jump so high would be for “an outbreak” to occur in a major oil-producing country such as Saudi Arabia, or in Iran. The “outbreak” he refers to would be open revolution, rioting, and chaos that is currently happening along the northern part of Africa, and in parts of the Middle East.

One of the other scenarios he brings out, would be the closing of the Suez Canal.

“… But what we’re looking at really, is very reminiscent of the late 1970′s, 1979 when the Iranian crisis broke out. Because there’s another element in this that’s important. It’s inflation. And what we’re looking at.. as we look back in the 70′s, it was high inflation – plus the Iranian crisis, an oil spike.

You have the same thing going on now….”

Gerald argues the oil prices have been going up before the recent chaos in the Middle East, and it’s due to the de-valuing of the U.S. dollar, and that the only reason the “ponzi scheme” continues is due to the control by the Federal Reserve to keep interest rates at 0%.

He argues that as inflation increases, the Fed will push interest rates up eventually, in order to keep oil and other commodity prices down since they are tied to the dollar. As the interest rates start to increase, the economy here in the U.S. will go even further into tailspin.

One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.

In closing, Celente states:

“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them, and that crashes the economy…”

Again, I am reminded of the words of Maurice Strong, who stated that essentially, it would be necessary for a collapse of industrialized nations economically, to further the agenda of carbon taxes, UN dominance, and ultimately – Global Governance aka, A NEW WORLD ORDER.