Jul
27
I keep harping on this subject, and there’s a reason - it’s to educate people and to let them know that we can’t sit idly by while our money becomes completely worthless. Another AP story detailing rising retail costs just hit the wires, and they put inflation at 5%. Of course, that’s the government number, while real inflation is more than double that. With oil companies expected to record record profits yet again as the price of everything goes up for Joe and Jane Consumer, we can expect a big retraction in consumer spending in the very near future, which will only exacerbate the situation. (Retailers might initially cut prices to entice consumers, but invariably they’ll also stop procuding as much, which will then drive prices higher.)
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