Posts about USA and Inflation as of October 13, 2009
10/13/2009
By: Martin_D_WeissWhen our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action.Or when our leaders have no hard evidence as to what might happen in the future, they can at least claim uncertainty.But when they have full knowledge of an impending disaster … they have proof of its inevitability in ANY scenario … and they so declare in their official reports … but STILL don’t lift a finger to change course … then they have
10/12/2009
Those people who have saved for the future could soon form our own generation of bankrupted, Babushka pensioners… Twenty-five years ago the Russians found themselves in a hole. They had an official price for petrol (gasoline) of 1 ruble. But the cost of providing it, for example by buying it on world markets, was 8 rubles. Insofar as the state could supply any petrol to anyone at all, it was definitely going to be at a big loss. Yet they obstinately refused to accept that their price was wrong.
