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America’s purchasing power is shrinking, and so is its middle class. Since household incomes have been stagnant for well over a decade, any increase in price on one item affects the cost of other goods. Meanwhile, government debt has passed the $16 trillion mark. Continue reading
2012-09-17 06:05:59
Source: http://blog.bmgbullion.com/uncategorized/the-swan-song-of-stagflation/