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No Inflation You Say?

Wednesday, April 24, 2013 14:57
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(Before It's News)

Read the Tuesday Afternoon Wrap-Up for 4/23/2013 and the Wednesday Morning Commentary for 4/24/2013

When I was eleven years old – in 1981 – my “allowance” was $3.00/week; which I supplemented with a New York Post paper route that paid an additional $3.00/week.   My parents kept giving me $3.00/week until 1983; when they deemed it was time to “work for a living” – which was just fine, as I found numerous opportunities to earn the then minimum wage of $3.35 per hour.

At the time, my friends called me “Pac-Man”; as I could beat ANYONE at the dot-chomping, ghost-chasing video game that ruled our world.  To this day I still have a passion for early 1980s video games; which is why I bought the below “cocktail table” several years back from a great website called CustomArcades.com…

pac-man-table

Anyhow, the cost of a video game – or pinball machine – was just $0.25 in 1981; and sometimes, you could even win a FREE GAME.  Compare that with today’s prices of $1.00 – $3.00 per game, and let me know if you think INFLATION has been an issue.

Back then, the national debt was less than $2 trillion; but care of maniacal MONEY PRINTING, has ballooned to nearly $17 trillion; or $22 trillion including debts incurred by nationalized mortgage lenders Fannie Mae and Freddie Mac – conveniently accounted for “off balance sheet.”  And if you think a portion of that $15-$20 TRILLION didn’t find its way into video game prices, I have a bridge to sell you in Brooklyn…

us-national-debt-1980-2013

I have written exhaustively of the veritable EXPLOSION of worldwide inflation in recent years; despite essentially ALL Central bankers claiming it to be either tame or defeated

DELUSIONS OF A FED CHAIRMAN

…contrary to what even the most elementary analysis tells us…

consumer-inflation-1980-based

However, an exclamation point to this farce emerged last week; when Andy Schectman, Michael Spector and I traveled to San Diego to participate in the Sovereign Society’s Global Currency Exposition.  True, California is one of the more expensive states in the union; but it’s not like an isolated fiefdom.  Depression and all, California has the nation’s largest population (over 38 million); and thus, 12% of Americans endure its skyrocketing prices each day.  And those prices include the following…

$23 for a five-minute cab ride

$3.50 for a 16-ounce soda

$53 for a breakfast of oatmeal, coffee, and a side of bacon (room service “fees” included)

$12 for a small turkey sandwich

When I consider my $3.00/week allowance could buy me 12 Pac-Man games in 1981 – which given my skills, could last hours; compared to a pro-rated 35-second cab ride today – let alone, 5% of a modest breakfast at the Hilton (not the Four Seasons); I am terrified of how the MAJORITY will cope with the coming episodes of QE5, QE6, and “QE to Infinity” – not just in the U.S., but EVERYWHERE.

Japan’s New Stimulus May Trigger Yen Avalanche, Soros Says

“NO INFLATION, YOU SAY?”  I beg to differ!

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.

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