US Action News

Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.

[Y]ear-to-year increases for three areas in particular might be cause for concern: Finished goods are up almost 7%, intermediate goods are up 10.5%, and crude goods are up nearly 21%.

Mr. and Mrs. Obama fear inflation when they make their personal investments. Their investments concentrate on short-term Treasury debt, shunning the higher interest rates of long-term Treasury bonds, which carry the higher risk of inflation.

The $4 a gallon price of gasoline will soon prevail all across the country, with many analysts believing it will hit $5 a gallon before the summer.

It’s time for the Fed to stop hiding behind flimsy statistical juggling and to start protecting the value of our dollar, which unfortunately is in free fall no matter what statistics one chooses to use.

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose. – AP

The Fed and Treasury have set out on a deliberate strategy of creating inflation in order to monetize most of the $14.1 trillion national debt— a debt that is growing by well over a trillion dollars per year!

Economist Thomas Sowell discusses government spending, jobs, the federal reserve track record and his book Basic Economics on Judge Napolitano’s Freedom Watch.

For those easily depressed, read no further. There is little positive that follows regarding the economic future.

I think basically that the crash of 2007 through 2009 was only the first half of a much larger problem. I don’t want to say the worst is yet to come, but the second half may not be any more pleasant.