Thanks DM for posting the article.
One line really caught my eye which basically saw we had a .4% increase in food during February. Half a percent isn't much but if you expand that out over 12 months (All things being equal to February) we are looking for a 4.8% food increase within the next year.
Add to that higher gas prices which is surly to happen based on what is happening in the middle east, Ukraine and not happening here is the States.
Add to that the easing of the monthly Quantitative Easing in April of another $10B (Going from $65B to $55B) and Janet Yellen's announcement yesterday of continued easing on the monthly QEing through September of this year (Maybe $10B a month).
Add to that the economic downturn the Chinese economy is seeing.
Add to that the resent discovery (Admission) that the Russian government in 2008 was planning with China to dump US Treasury bonds on the market.
Add to that US and EU weak response to the Russians taking over Crimea and subsequent (Prediction) other annexing former Soviet states.
We could see Jimmy Carter era inflation rates of high single digit to moderate teens by year end.
For kicks and giggles lets throw into this stew the following:
> November elections in the US
ofA
> Man made drought in CA. (Darter fish) which has closed 1/5th of farming area of for the country
> $17.6T in national debt and another
> $210T of unfunded debt, e.g. Fireman, police, state workers, federal workers, teacher,......Retirement
funds
> Countries already trading using only gold, e.g. China, Australia, Iran, to name a few not petrodollars
>
What am I missing? Again folks, you are living history here. Take a minute and turn off "Dancing with the stars"
and do some research on economies that have fallen recently (Within the past 100 years) and in past history (Rise & Fall of Roman Empire). Make a time line of these earlier economies from start to collapsed and determine where you think the US
ofA, EU, China, Russia are on that timeline.
I know I sound like chicken little here
