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6.3% Inflation in '07! Largest amount in 26 years...

Article on front page of Drudge
http://biz.yahoo.com/ap/080115/economy.html?.v=7

Inflation?? How the heck did that happen?
Ya Think?



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Two words: Dave Ramsey

Yes, the 'system' is designed to take every penny you make; however, you really can get out of debt and build wealth in this country/world...IF you make it a priority.

Dave Ramsey's process for getting out of debt/building wealth is a common sense process...that wavers between building security and paying off debt/building wealth. Thousands of people have become debt-free using his process...here's the outline:

1. Decide to have a consisently intense desire to get out of debt and build wealth. This is the hardest step because it requires you to give up buying on impulse, saying no to your spouse and children, selling stuff, perhaps working an extra job, etc.
2. Make a budget every month. If married, both spouses must approve it.
3. Save $1000 for minor emergencies (gives peace of mind)
4. Pay of debt focusing on the accounts with the least debt. Doesn't include mortgage.
5. Save 3 to 6 months salary for major emergencies.
6. Max out retirement investment contributions.
7. Pay off mortgage.
8. Invest in things that won't keep you up at night.

You can listen to him for free and check his books out for free. His web site is http://www.daveramsey.com.

Personally, I believe being debt-free is a spiritual, maritial, and patriotic duty. How can we gain freedom from our government when we are slaves to our debt?

BULL!!

Try more like 11% inflation! Back in the early 1990's the government changed the way that inflation was calculated and again made more changes later. If you used the old way of calculating it then its well over 11%!!!

Why did they change the way its calculated? Because it allows them to make it appear much lower than it actually is.

+1

+1

Republicae's picture

Yep, and if you believe that

Yep, and if you believe that 6.3% is the actual rate then I have a bridge in Brooklyn for sale.

Folks, we haven't seen anything yet.....make sure you have plenty of trade goods to barter. We think the Sub-Prime meltdown was something, just wait until the CDS (Credit Default Swaps) begin to melt....they are about 3Xs the entire Gross Domestic Product of the U.S. and are showing stress cracks as I write these lines. On top of all that, the Derivitives Market is only one or two dominos away from a twisted mess.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Retail

At the retail level (Where you and I live) it will be more like 11%

I wonder

what GDP-M3 is?

What The Story Didnt Highlight ..

The interesting part of the story, that you have to look closly to spot is this:

In 1981, the last time the PPI hit 6.3%, the fed was AGGRESIVELY RAISING RATES!
Now they are aggresivly CUTTING!

Look out ...

Agreed. Not only that but

Agreed. Not only that but the "value" of most people's biggest asset is dropping like a rock.

What I dont get ..

I have yet to see a single rational explanation of how flooding the system with liquidity is going to stop the fall. Has anyone.
I mean, once you burst a bubble, what logic dictates that if you pump up the money supply, people will grab the chance to jump back in and get burned? I dont get it...

The Story Didnt Highlight ..many things

The Story Didnt Highlight ..many things, like who in the presidential candidates are taking this seriously?

Go Ron Paul!!!

Al-Qaeda Moles Infiltrate Govt. to Wreck USA Economy

It's almost as if, at every turn, the idiots in charge are purposefully trying to wreck this economy. Maybe the leadership in both parties and every other federal stooge are actually Al-Qaeda moles.

Semper Fidelis

Semper Fidelis

Buddy, it's no accident... It's part of the CFR agenda...

They are determined to strip America of its sovereignty and cede it to a supra-national organization (read UN, IMF, World Bank). It's a plan that's been in the works for 90 years now and it's on the verge of succeeding. We need to wake Americans up and take our country back. It's so sad...

This is and has been a terrorist attack on our country

This is and has been a terrorist attack on our country for a long time and nothing is being done about it.

OPEC - It is the war stupid.

When Bush asked that OPEC pump more oil last night, the Al Asweeed (spl) said, sorry we are actually keeping 2million barrels OFF the market since supplies are adequate and it is the WAR fear keeping them at these levels (95).

It is Bush's WAR rhetoric keeping prices HIGH . Prices quickly dropped 1.50! It

In Bush's speech he again attacked IRAN as a Terrorist state, But in the Kings speech he completely blew off Bush and said what the Middle east needed and wanted was Education and trade.

Are we done yet?

No, we are not done seeing inflation going up. The stock market is being artificially pumped with money even at that they are not keeping up. Rupert Murdock buys the Dow Jones? Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones. Negotiations are now complete .... Wonder why, we all know how good of a job he does on covering news stories.

If people can not see that the elite have complete control of the stock market and all vital aspects, they are in denial. They can control what people see and think about our economy. It is no wonder they can keep support for these ungodly wars when they control so much of what we see and tell us what to think.

Hell, I cannot even convince my wife of this, and that is sad news as she pumps money into the stock market. I feel it is all an illusion being propped up by the elite and soon the time will come for another crash, they took my dads money in the 70's it was not much by today’s standards $10,000 dollars but how much should one let them take? Now they will take my children’s money and my money as she invested it behind my back...

I seen people kill themselves in the 90's when things crashed, good people that lost everything, I see this coming again. I cleaned their blood from the carpets of the church floor over and over again.

We are in deep doo doo once again because of an illusion and greed of the American people and this time I fear it will be way worse.

Whether RP get elected or

Whether RP get elected or not. You better get your financial house in order. Hopefully this calamity that is coming our way will move more people to RP but it is coming whether it does or not.

I'm surprised they even came

I'm surprised they even came out with this figure! We all know it's much higher.

And even that number is low

I don't think it only went up 6.3%, it had to have gone much higher.

Gold 1 year ago @ $650
Gold Now @ $900

6.3% And thats based on the new way to measure

If at .6% it was really at 10%. ah, umm, sigh, HOLY S**T THATS F**KED UP!

Watch freedomtofascism.com

Patriot News
http://redpillpost.com
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Stand up For your Civil Rights
http://SueBadCops.com

Coming soon to a gas pump near you!! Yippeeeeeeee

This should help the economy, uh tank.

WASHINGTON (AP) - A special commission is urging the government to raise federal gasoline taxes by as much as 40 cents per gallon over five years as part of a sweeping overhaul designed to ease traffic congestion and repair the nation's decaying bridges and roads.

The two-year study being released Tuesday by the National Surface Transportation Policy and Revenue Study Commission, the first to recommend broad changes after the devastating bridge collapse in Minneapolis last August, warns that urgent action is needed to avoid future disasters.

Under the recommendation, the current tax of 18.4 cents per gallon for unleaded gasoline would be increased annually for five years - by anywhere from 5 cents to 8 cents each year - and then indexed to inflation afterward to help fix the infrastructure, expand public transit and highways as well as broaden railway and rural access, according to persons with direct knowledge of the report, who spoke to The Associated Press on condition of anonymity because the report is not yet public.

http://apnews.myway.com/article/20080115/D8U6725G2.html

Semper Fidelis

Semper Fidelis

RON PAUL IS THE ONLY SOLUTION

And what are we hearing from the other candidates? A HUGE COLLECTIVE YAWN, the American people don't have a clue, they blame inflation on greedy corporations.

Semper Fidelis

Semper Fidelis

Don't worry about it!

The Fed will just lower rates some more and pump more credit into the economy. That ought to fix things up just fine....

Oh...OK

I was concerned for a minute... the Fed has it handled, cool!

If only someone that understood Economics would run for office..