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Food Prices Jump, Housing Starts Drop Most Since 1984
But, but... We keep hearing the pop media tell us that "there's a recovery"... So there MUST be, right?
As we've mentioned for about two years, there is no way to escape the crushing price increases caused by inflation of the money supply.
We are seeing those price increases now (the buying power of the Dollar has been destroyed by the introduction of all the liquidity from the fed). Note the prices of gas as well. Our most recent audio production discusses how pop media hacks are trying to find ANYTHING other than the central bank and US gubment to blame for higher prices in food and commodities. In our recent audio, we dissect this weak attempt to hide the truth, wherein MSNBC's "Ed" tries to blame commodity speculators for high prices in food and oil. Guess what, "Ed"... Speculators LEVEL prices, by releasing products when prices are high (they buy low and sell high). It's the DOLLAR that doesn't buy as much now because of all the DOLLARS the Fed has pumped into the system! DUH.
Here's the story on prices:
http://finance.yahoo.com/news/Wholesale-prices-up-16-pct-on-apf-37774540...
Here's the story on housing starts:
http://finance.yahoo.com/news/Housing-starts-see-biggest-rb-380668273.ht...
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