Monday, 18 October 2010

Government defined - incompetent, unreliable, untrustworthy..........from Rico

The Bloomberg CPI Chart from 1950-2010 is INFLATION, the inflation that the gov't does NOT want you to see or be aware of.
- Hell, if there's NO inflation, then there don't need to be any COLA increases to our retiree's living on Social Security. Jiggering the offishul numbers saves Uncle Sam a bunch of money and allows him to wisely spend more money on things more important than old people (the suckers who paid into SS their working lives and trusted gov't to do the 'right' thing).

The VALUE (purchasing power) of the Federal Reserve Notes called 'Dollars' declines as the supply of Dollars increases.
- The future does not look good for the Dollar.

So WHY is this man smiling?
- Is it because we now have enough people who are even dumber than the government? [read: incompetent,unreliable, untrustworthy]
- Is it because the FED will soon become the largest foreign creditor to the US Gov't (essentially the US buying its own debt), knocking the Chinese into second place?

It's a good thing I have my own retirement plan

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