The mainstream media does not cover the full extent of this situation. Even FOX News often doesn't have the time to go into sufficient depth to explain what is happening.
From our friend Ruth S. King comes a chart which all of us should read and absorb, sobering though it may be:
January 2009 Today % chg Source Avg. retail price/gallon gas in U.S. $1.83 $3.104 69.6% 1 Crude oil, European Brent (barrel) $43.48 $99.02 127.7% 2 Crude oil, West TX Inter. (barrel) $38.74 $91.38 135.9% 2 Gold: London (per troy oz.) $853.25 $1,369.50 60.5% 2 Corn, No.2 yellow, Central IL $3.56 $6.33 78.1% 2 Soybeans, No. 1 yellow, IL $9.66 $13.75 42.3% 2 Sugar, cane, raw, world, lb. fob $13.37 $35.39 164.7% 2 Unemployment rate, non-farm, overall 7.6% 9.4% 23.7% 3 Unemployment rate, blacks 12.6% 15.8% 25.4% 3 Number of unemployed 11,616,000 14,485,000 24.7% 3 Number of fed. employees, ex. military (curr = 12/10 prelim) 2,779,000 2,840,000 2.2% 3 Real median household income (2008 v 2009) $50,112 $49,777 -0.7% 4 Number of food stamp recipients (curr = 10/10) 31,983,716 43,200,878 35.1% 5 Number of unemployment benefit recipients (curr = 12/10) 7,526,598 9,193,838 22.2% 6 Number of long-term unemployed 2,600,000 6,400,000 146.2% 3 Poverty rate, individuals (2008 v 2009) 13.2% 14.3% 8.3% 4 People in poverty in U.S. (2008 v 2009) 39,800,000 43,600,000 9.5% 4 U.S. rank in Economic Freedom World Rankings 5 9 n/a 10 Present Situation Index (curr = 12/10) 29.9 23.5 -21.4% 11 Failed banks (curr = 2010 + 2011 to date) 140 164 17.1% 12 U.S. dollar versus Japanese yen exchange rate 89.76 82.03 -8.6% 2 U.S. money supply, M1, in billions (curr = 12/10 prelim) 1,575.1 1,865.7 18.4% 13 U.S. money supply, M2, in billions (curr = 12/10 prelim) 8,310.9 8,852.3 6.5% 13 National debt, in trillions $10.627 $14.052 32.2% 14Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history. Over 27 times as fast! Metaphorically, speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster . . . it would be doing 1,755 MPH!
Sources:
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
Donald Hank Comments: Here's some perspective on the stats above:
Here in Latin America the prices on fish, for example, doubled over night when the EU started buying our fish.
But the local government shortly thereafter, initiated a ban on trotline fishing, putting many smaller fishermen out of business.
The big guys with the nets? They're all right.
It is the middle class taking the hits here. And isn't it odd that the poor, whom the Left say they want to help, are just plain out of luck. There are several billion people living on $2 a day and their food prices -- thanks to good old globalization -- are the same as ours in the US and Europe.
Now we know that the UN's Agenda 21 calls for sustainability, and as near as anyone can tell, all these price hikes are part of the plan.
But you know, putting words on paper calling for a solution to world overpopulation is one thing.
But actually starving people is quite another.
Now can anyone tell us what the difference is between this deadly engineered inflation (eg, by the Fed and world banks) and what Stalin did in Ukraine or Mao did in China?
They didn't actually kill all those people, but they did die of starvation in the name of a "plan."
Don Hank
No comments:
Post a Comment