Federal Reserve Propaganda Tour Continues, Are Americans Really Buying This?Submitted by FreedomIsAbsolute on Sun, 04/08/2012 - 18:58
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:
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.