INFLATION SOLUTION
Gov't data "corrupt",
inflation paralysis central banks, businesses and consumers
Special Report
June 2008
"U.S. consumers and businesses alike are
facing a massive squeeze, caught between rising prices for food and fuel
and an inability to command better wages or maintain profit margins,"
reports Reuters.
The Royal Bank of Scotland has advised clients to brace
for a full-fledged crash in global stock and credit markets over the next
three months as inflation paralysis major central banks.
"A very nasty period is soon to be upon us - be prepared,"
said Bob Janjuah, the RBS's credit strategist to London Telegraph.
"U.S. producer prices soared 1.4% in May at their fastest pace in
six months, led by higher energy and food prices while pressures
accelerated in the production pipeline, a sign inflation remains a
threat," reports The Wall Street Journal.
The government reports consumer prices (CPI) rose a whopping 4.1% in
2007 -- the highest in 17 years! The wholesale producer price index (PPI)
rocketed 6.3% in 2007 -- the fastest pace in 26 years! Yet the government
reports "core" inflation up only 2.4% last year. How can that be?
"We who eat and drive suspect government
stats are rotten at the core. Worse yet, real world inflation is likely
twice what's reported," says Swiss America CEO Craig R. Smith.
"This inflation data has undergone systematic adjustments that
render it corrupt beyond belief. An alternative measure of inflation,
calculated by private sources, is provided by the Commodities Research
Bureau (CRB). Anyone can clearly see that the CRB’s take on inflation
differs wildly from the view espoused by officialdom – having risen
from sub-300 to 450 [50 % increase] in 25 months," reports Financial
Sense University.
No wonder everyone from Paul Harvey... to Ben Bernanke... to OPEC is
worried about runaway inflation! After years of being told "Inflation
is NO problem!" even government stats can't hide it!
Common sense tell us the true rate of inflation is much higher than 2, 3
or 4% -- which is what many economic "experts" still maintain
today. (What planet do these guys live on?)
"Inflation Solution" focuses on
explaining the root causes of inflation and then giving you time-tested
steps to help protect and grow your wealth, despite rising
inflation!
Here's what's covered...
* THE CONFUSION OVER MONEY & INFLATION
"All the perplexities, confusion and distress in America arise...
from downright ignorance of the nature of coin, credit and
circulation." -JOHN ADAMS
* THE ORIGIN OF MODERN
INFLATION
"Original sin was that Eve told Adam about
central banking, about the notion that you can create value with a stroke
of the pen." -THE FED
* INTEREST RATES AND
INFLATION
"Inflation is the one form of taxation that can
be imposed without legislation." -MILTON FRIEDMAN
*
CONCLUSION: LIVING ABOVE INFLATION
"Inflation, like sin,
begins with a desire to gain some undue advantage." -STEVEN
SAMSON
* THE TOP INFLATION FIGHTERS
" It's a
good idea to keep an inflation kicker in a well-balanced
portfolio." -LINDA STERN