Yeah, he's out there looking out for you, America:
"A government agent, on the prowl for inflation" by Megan Woolhouse |
Globe Staff, October 09, 2012
When rising food, gasoline, and other prices undermine purchasing
power and pinch household budgets, it can affect consumers’ views of
their economic well-being.
Overall inflation is low, but it remains at the forefront of economic debate as the Fed pumps more stimulus
into the economy in the hope of accelerating growth and quickly
lowering unemployment.
I don't know where inflation is low, but it is not around here and it is because the Fed is "pumping more stimulus" into the economy -- which is a nice way of saying he's turning on the printing press and making money. That is why my dollar's purchasing power is less. That means even if prices stayed the same (or even declined a bit),
And if growth and employment were their goals they have failed miserably over the last 4 years.
Some analysts worry that so much stimulus — the
Fed has pushed short- and long-term rates to historic lows and recently
launched efforts to drive mortgage rates even lower — could spark a
burst of inflation.
As opposed to the slow, steady creep? If so it is the sign of the death throes of this economy.
Chris Christopher, an economist at IHS Global Insight, a Lexington forecasting firm, said the “concern
is that this effort by the Federal Reserve is like hitting a ketchup
bottle a little and a little more and a little bit more until all of the
sudden ketchup goes everywhere,” adding that he thought such a spike
was unlikely.
Just wondering why we should listen to anything the agenda-pushing experts the Globe turns to when they have been wrong, wrong, wrong, for so long. Either that or they were just flat-out lying, and neither is any good.
Dan Dugan, the government pricing agent, is constantly on the hunt for
inflation, gathering prices for mouthwash, sausages, even the cost of a
haircut, as part of his duties.
The hunt ends in the Federal Reserve printing press room.
He is part of a massive government
operation involving hundreds of price-checkers tracking down the prices
of 83,000 goods and services across the nation every month.
You are kidding, right? Taxpayers aren't actually paying for this, are they?
The operation involves a high level of confidentiality.
While the price of cereal is not exactly a state secret, the Bureau
of Labor Statistics requires reporters and photographers to sign
affidavits promising not to reveal the name of businesses where prices
are collected or the brand name of any product because participation in
the survey is voluntary and the bureau pledges confidentiality....
Of course, not all prices are rising. TV prices have plummeted 19.5
percent, on average, over approximately the past year. Natural gas
prices have fallen 12.7 percent. And potatoes? Down 8 percent....
Yeah, everything is just great out here.
--more--"
Readers, I just want to note how sick I am of agenda-pushing, mind-manipulating garbage being dished out by agenda-pus$hing piece of shit flagship we call a newspaper here in New England.
I simply must say it has become clear after all these years that this government doesn't give a shit about us. If it did it wouldn't be pursuing the policies it is while ignoring the will and voice of the people. All this corporate-controlled government and monied mouthpiece media want is as much cash as they can ring out of you while partying on and pur$uing their agenda. It's the money masters behind the puppet politicians, folks -- and it sure as hell feels like fascism.
