3rd World America in Prices

MIT Billion Prices Project Puts US Annual Inflation @ 4%

bpp.mit.edu

indexes are designed to provide real-time information on major inflation trends, not to forecast official inflation announcements. We are constantly adding new categories of goods, but we do not cover 100% of CPI goods and services. The price of services, in particular, are not easy to find online and therefore are not included in our statistics.

Business Insider Presents: The College Bubble Visualization

The theory behind the higher education bubble says that while the cost of an education increases, the ability to pay back student loans decreases.

The theory has its roots in the late 1980s when Secretary of Education William Bennett, Jr. suggested student loans could be leading to drastic tuition increases and a coming education bubble.

The following chart offers some perspective on the rate of tuition increases compared to the consumer price index and home prices.

Original Article 

A Historical Perspective of Usury

"For the love of money is the root of all evil" -- II Timothy 6:10

Money

"The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

"This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921

As the above makes clear, banks are able to manipulate "money" using various methods like the debiting of one account and the crediting of another, and so on, thus "balancing" the accounts. Banks also "create" money in more ways than one, through a trick that will be looked at later on.

Economists use the term "create" when observing the process by which money comes into being. Thus, creation means making something that did not exist before.

A sawmill makes boards, workers build houses from timber, a glass-blower makes fancy glass ornaments. In these examples, they did not "create", but converted already existing materials into a more usable, and thus more valuable form.

However, money "creation" is somewhat different. Here, and here alone, man "creates" something out of nothing. Pieces of worthless paper are printed, given various denominational values, which can be used to purchase, for example, a glass ornament. Its value (of the money, or piece of paper) has been "created" literally out of thin air.

As we can see from the above, manufacturing money is dirt cheap, and whoever does the "creating" and issuing stands to make impressive profits  (Click below for full article)

Lindsay Lohan Complains about Run-Away Inflation, Blames the FED

Marc Faber CNBC 04/18/11: Full Interview

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The US Dollar is Collapsing

Gold & Silver Legal Tender Coming to Utah

Digital Journal- Salt Lake City

The state of Utah is on the verge implementing its own proto-Gold Standard. The House and Senate have voted in favor of HB317, which would make gold and silver coins legal tender. Governor Gary Herbert has until the end of the month to veto the bill.

“The gold standard would keep you from printing money and destroying the middle class,” said Republican Congressman and potential 2012 Presidential candidate Ron Paul. “Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status...”

Marc Faber 02/22/2011: The Alex Jones Show- The Total Financial Collapse of America is Here!

Benocide: Clothing Prices to Rise 10% Starting in Spring

h/p williambanzai7

Chicago Breaking Business

Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III, president of Strategic Resource Group.
Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.
But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs

 Every excuse other than the "truth"... Blame the Snow. Lie about a "recovery" to hide the fraud in the system.

In the beginning of November 2010 the Federal Reserve announced a new round of asset purchases (QE 2) to the tune of 600 billion . This is by no other name... MONEY PRINTING.

Here is the response in the markets since the announcement of a new round of asset purchases (Money Printing) by the US central bank...

"Global Economic Recovery"? Surge in "Demand"? 

Eli Whitney would be proud of our central bankers.