Americans' Paychecks at the Breaking Point

Most people never make the connection why prices are rising. This article from the AP doesn't. It describes how bad things are getting for people, but doesn't mention why paychecks can only be stretched half as long as before. Ron Paul makes the connection - it is the Federal Reserve, printing more and more money, making the money in your paycheck, your wallet, and your bank account worth less and less. AP Article follows below:

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Workers are juggling ever-increasing housing, food and energy bills

By ANNE D'INNOCENZIO | THE ASSOCIATED PRESS

NEW YORK -- The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.

Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc.

Food pantries, which distribute foodstuffs to the needy, are reporting severe shortages and reduced government funding at the very time that they are seeing a surge of new people seeking their help.

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American National Debt

See for how much America is duped till date:
http://www.brillig.com/debt_clock/

dont miss the FAQ section to understand who is grinding you

Nikolai Lenin quote

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

Peak Oil and Funny Money

There are two reasons prices are going up. One of course is our massive budget deficit that's making the dollar plunge. Ron Paul is the only candidate who cares about that.

The other reason is that we are at or near peak oil. When peak oil happens that does not mean that we suddenly run out of oil. It does mean that there is no year to year increase in the production of oil, and instead a steady decline in the production of ever more difficult to extract oil. Combine that with a rising demand due both to rising population and a greater per capita demand in the booming Far East, and you have a recipe for rapidly increasing oil prices, even if the money supply stayed fixed. More expensive oil makes a whole lot of other things more expensive as well. There isn't a whole lot Paul or anybody else can do about this. Deal with it.

The other Bob on Oil

What Ron Paul can do about it is promote other types of energy which has not been done. Inventors of these seem to keep dying, disappearing, sell out, or taken to court and lose.

As for the short term scenario, you are correct, Ron can only implement other things to help sound money to offset some of the rising cost of oil until other solutions are "allowed" to occur. He specifically talks about hemp as a great, and clean, fuel source.

Bob W., Naples, FL