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Federal Reserve Propaganda Tour Continues, Are Americans Really Buying This?

Submitted by FreedomIsAbsolute on Sun, 04/08/2012 - 18:58
in

I cannot see into the future, but I do have a memory and recall many times when the media hyped something to the extreme as positive when common logic would tell you something bad is going to follow. Many remember this with the media hyping the housing market, saying all is well while the few who sounded the alarm were ridiculed and laughed off air. Well, history repeats itself:
The FRB's propaganda tour continues via Yahoo News:

"WASHINGTON (Reuters) - Sometimes a little bit of inflation is not such a bad thing. In the United States, prices starting to creep upward shows the deep wounds from the credit crisis are slowly healing and the U.S. economy is well on the road to recovery.

The evidence is scattered but it also shows up in some national reports. Consumer inflation, after stripping out volatile food and energy prices, has edged upward over the past year and now is running just above the Federal Reserve's 2 percent target.

Workers' pay is nudging higher as the labor market gradually improves. Hourly earnings have grown at an average annual rate of 2 percent since last May and posted a 2.1 percent gain last month, up from a 1.8 percent pace a year earlier."

This is truly entertaining. The rest can be read here:
http://news.yahoo.com/looking-bright-side-inflation-19031070...

As the adage goes, "Fool me once, shame on you. Fool me twice, shame on me." Or "If you can lie to me once, lying a second time will be that much easier."

Eat until you are full, and then eat some more, it's Easter!
Hope you all had a good day.


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Incredible that...........

Submitted by moth on Sun, 04/08/2012 - 21:50.

Yahoo would even print that. No wonder no one bothers with Yahoo news.

Contra productive

Submitted by Plopper on Sun, 04/08/2012 - 19:45.

I think they are just making more people aware and interested in these issues. Those who don't care, don't care. And those who care, will easily find different opinions on the internet. As always, the FED doesn't know what it is doing!

gotta love the

Submitted by freespeech on Sun, 04/08/2012 - 19:41.

comments- 'aint nobody buyin-LOL

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~peace

HAHA LOL!

Submitted by FreedomIsAbsolute on Sun, 04/08/2012 - 21:07.

Right, and Yahoo is trying to change public opinion. They have a thumbs up/down meter on the comment section, and I showed the math detailing "The fact is under 2% inflation, in 4 yrs, your $10,000 savings only has a purchasing power of $9,223.68 all the while goods and services costing $10,000 today will cost $10,824.32 in 4 years. Thats a $ 1,600.64 loss in the value of your earned/saved $10,000 dollars in only 4 years. Yea inflation is a good thing. To people with common logic, it is a confiscation of wealth from the middle class to the bankster gangsters." That comment had about 6 + in a few minutes, and Yahoo must not have liked it because it went down to zero. Time to find a different E-Mail provider.

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“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

How can they possibly print this stuff???

Submitted by JO4RP on Sun, 04/08/2012 - 19:26.

.

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God grants liberty only to those who love it, and are always ready to guard and defend it. – Daniel Webster