Thursday, November 29, 2007

America, the land of the Inflation

Most people know that something is basically wrong with our economy.

Afterall, how can the price of gas go up over 26%, bread 16% and orange juice 28% in just one year?: Massive inflation. What the the American people are not told is that the inflation index does not use the waivering cost of food or fuel(these costs or considered too "variable"); therefore, the actual inflationary numbers reported are artifically low. If the government is claiming only 3-4% inflation, they are simply lying...forget about the domestic cost of goods for a moment. On October 14th, 2000, one American dollar could buy 1.21 euros, while last Friday, one American dollar was only worth approximately .62 euros. This is a frightening devaluation of our currency. It means that the value of our savings in the terms of buying power has decreased by over 9% a year for the last seven years! Wake up America and start taking back your homeland.

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