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The examples below show how the media can provide two separate pictures of our economy. People who are working (paying taxes) know the reality: food is up 19% in the first quarter of 2014. So when will the propaganda stop? When will we stop being sheeple in the highlights? Are 3% of the people ready to handle the truth?
Truth is easily discerned after a little bit of effort to verify. The state of our economy is very fragile and the upcoming consequences of unlimited spending coupled with fiat currency printing are downright terrifying. The time to question our government’s actions and the propaganda from both the administration and media is past. Now is the time to take measures to secure your family’s future. I doubt that food will continue to rise at this rate but what would you do if it did? A 76% increase in the price of food in 2014 would prove two things:
1. Consumer spending would be up.
2. Inflation would not be impacted since food and energy are not included in the government’s calculation of inflation.
How will you feed your children at this rate of food inflation? Or will you need to join the looters and get EBT cards?
David DeGerolamo
U.S. consumers step up spending in February, inflation remains muted
U.S. consumer spending rose in February, in the latest sign that the economy was regaining strength after being chilled by bad weather.
The Commerce Department said on Friday that consumer spending increased 0.3 percent last month after rising by a revised 0.2 percent in January. Spending was previously reported to have increased 0.4 percent in January.
Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.3 percent in February.
The dollar rose to a session high against the yen after the data. U.S. stock index futures were little changed.
Spending in February was lifted by an increase in services consumption, likely because of increased demand for health care and utilities.
When adjusted for inflation, consumer spending rose 0.2 percent in February after gaining 0.1 percent in January.
But then:
Bank of America No Longer Even Bothers To Blame The “Weather” Or “Storms” For Weak Consumer Spending
Two weeks ago, when Bank of America found that its weekly retail spending data has continued coming in far weaker than expected compared to 2013, it did the laughable: it blamed not the weather in general, but one storm in particular, to wit: “once again adverse weather potentially impacted spending last week, as the storm “Titan” moved across the US over the weekend of March 1st and 2nd and was followed by yet another cold spell.” Two weeks later, after shockingly BofA finds precisely the same weakness continuing into the end of a balmy March, it no longer even bothers looking for excuses. The sad reality: there are none.
And then reality:
The Real Inflation Fear – US Food Prices Are Up 19% In 2014
We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 – up a staggering 19%…
