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TheHeretic -> Speaking of pushing seniors off a cliff... (3/15/2012 7:42:04 PM)
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I realize that the great 2012 fear and loathing machine of the Obama campaign is all about the "war on women," theme this week, but elsewhere in the world, a woman not sucked into that fools drama has been writing about a subject that same fear and loathing machine doesn't want to get anywhere near.
Watch Bernanke�s �Little� Inflation Capsize U.S.: Shlaes
quote:
A little is all right. That’s the message Federal Reserve Chairman Ben S. Bernanke has been giving out recently when asked about the evidence of inflation in the U.S. recovery.
Sometimes Bernanke doesn’t even go that far. He simply says he doesn’t see inflation. The Fed chairman recently described the prospects for price increases across the board as “subdued.”
“Sudden” is more like it. The thing about inflation is that it comes out of nowhere and hits you.
Print money out of thin air, get inflation.
It will be the seniors who take the very worst of it. Then the poorest, and the poor. To make matters worse, the social security adjustments will be calculated according to the new rules for determining the "official" number, and they assume in that since people will switch to cheaper substitutes, why prices haven't gone up at all. If people are spending on london broil, what they used to spend on tri-tip, there is no inflation. Maybe they'll monitor the prices of cat food, after granny switches to non-human food, to set the increases?
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