Did you guys see the story on the news this morning that Wendy's fast food burger joint is now not offering tomatoes unless you ask for them? Why?? Because the price of tomatoes has gone up so much in the past few months that they can't afford to just give them away.
But remember...the Federal Government continues to INSIST that inflation is not a problem...prices are NOT going up...or so they tell us.
So today I received these figures from one the investment companies that sends me info. It is showing the increase in prices in just the past 6 months.
6-Month Price Increases*
(8/11/10 – 2/11/11)
Cotton +141.4%
Oats +43.0%
Sugar +78.0%
Rice +42.2%
Corn +67.9%
Copper +38.9%
Silver +67.2%
Oil +25.0%
Coffee +44.9%
Gold +13.3%
So had you bought 500 pounds of sugar and put it in pails under your steps....the value of your sugar would have gone up by 78%. That's a heck of a lot more than Wells Fargo is paying you on that savings account.
So how can the government insist that inflation doesn't exist? Because they are NOT including food and energy costs in the official inflation number.
Oh...I get it. So if you don't like the number that you see....just make up a new one!!!
Hey...is it just me?...or does the government seem to be creating a lot of things out of thin air?
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