Venezuela provides a glimpse into the horrors of inflation gone wild: A dozen eggs cost $150 USD as hyper inflation wrecks economy.
The award for worst performing economy in 2016 would likely go to Venezuela. What could possibly go wrong when the government tries to control absolutely everything in a petro state? Apparently everything can go wrong and you now have runaway inflation. At this point Venezuela’s currency is in a death spiral of hyperinflation. A dozen […]
Geriatric America: 13 percent of US workforce now employed by healthcare industry. Healthcare inflation out of control.
Like most industrialized countries the United States has a large number of people entering into old age. The baby boomer generation is living longer and just because life expectancy is extended, this doesn’t mean people are healthier if we measure quality of life. We have a major problem with obesity and all the implications that […]
The Great Inflationary Lie: How you’ve been lied to about inflation and the cost of living since 2000.
You’ve been lied to about inflation. That is the truth. The banking apparatus wants you to believe that there is little to no inflation so they can continue with their money expanding ways but all you need to do is look at your spending and income and you will realize that yes, life is getting […]
How inflation is purposely underreported as a justification to maintain low interest rates: Two specific examples with housing and college tuition.
Inflation is largely misunderstood by the public at large. People for the most part think that inflation is the natural economic order and that prices go up naturally. Official inflation figures play a much bigger role influencing cost-of-living adjustments for things like Social Security but also serve as cover to maintain low interest rates. The […]
A closer look at the cost of living between 2000 and 2015: Looking at tuition at USC and the typical priced US home.
We keep hearing that the Fed is tepid about raising interest rates because there is no sign of inflation. In fact, they assume that wages are keeping up for most families and that is not true. Inflation is running rampant. You don’t need giant price increases to disrupt lifestyles when many of the new […]
Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.
Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation. When you ask the person on the street what inflation is they usually respond by saying the “price of things going up” which is more of a consequence of […]
You are being lied to about inflation. Latest CPI figures show nearly no inflation over the past year. Yet housing, tuition, and healthcare costs continue to soar.
Inflation. Few people think about inflation but simply accept the reality that prices will go up. However prices going up has a deeper economic reason than simply momentum. Inflation is notorious at destroying your standard of living. Our current financial system is now setup in a way to punish savers. Most banks are offering near […]