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Joel Bowman, managing editor of The Daily Reckoning, is in Argentina, and it looks like he is advertent that the bribery that comes with creating added money, so that the government can abominably absorb it, is now everywhere, and, indeed, the animal end aftereffect is everywhere, too. In his article “The Unfortunate Sate of the Argentine Beef Industry” an Argentine acquaintance of Mr. Bowman’s explains, “as usual, the little guy, the one who the government allegedly set out to help, ends up advantageous more.” Ain’t that the truth! Hahaha!
["859"]I laughed, as I cleverly acclaimed by appending, “Hahaha!” to the end of the sentence, because aggrandizement in prices is the Same Accursed Thing (SDT) that always, always, consistently happens aback the government tries to, in one way or another, “help the little guy.”
And yet everybody has a government that aloof keeps on blame “the little guy,” by creating added and added aggrandizement in the money supply, that creates aggrandizement in prices, that screws “the little guy” during the action of “helping the little guy.”
Luckily, I can ascertain how abundant “the little guy” is accepting busted because The Economist annual is aural accessible reach, and by cautiously activity to the aback page, I browse bottomward the table to see that Argentina has a aberrant 10% aggrandizement in customer prices, but with three abstruse little asterisks.
“Asterisks? What’s with the asterisks?” I wonder. Aback I go to the basal of the folio to hopefully acquisition out what these asterisks mean, I acquisition that they mean, “unofficial estimates are higher.” Whoa! Does this beggarly that Argentina’s government is a corrupt, lying allotment of abandoned debris like all the added countries in the world, alone added so than any other? Hmmm!
Then, curious, I browse up and bottomward the table, and agenda that none of the added countries in the Whole Freaking Apple (WFW) accept their aggrandizement abstracts apparent with asterisks, alike admitting I am abiding they are attempt through with lying abject crap. So “Hmmm!” again!
["640"]In fact, the alone added country in that selfsame Whole Freaking Apple (WFW) that has any attribute absorbed to their aggrandizement figures, at all, is Britain, so as to agenda that their 4.0% aggrandizement is the “Centred 3-month average,” which is, I cynically agenda back I don’t apperceive what it agency nor do I care, apparently aloof addition affectionate of corrupt, lying artifice area a lot of bodies should wind up in prison, too.
So, with that affectionate of exhaustive, aloof analysis on my part, I assumption the three asterisks denotes Argentina as actuality this week’s champ of the Mogambo Biggest Liar Award (MBLA) about inflation. Congratulations!
And my benevolence to the “little guys” of Argentina who charge pay these college and college prices, reminding me about the song title, “Don’t cry for me, Argentina,” although I don’t apperceive what that’s about, either.
Then, to aggrandize my aces attack into absolute research, I casting my eye up the folio to the United States, and apprehend beyond to agenda that aggrandizement in customer prices is a amusing 2.1%! Hahaha!
Hell, The Economist annual shows that the dollar basis of “all items” is up 42.4%, and the latest government address shows that aggrandizement in aliment and activity is at double-digit rates, for arrant out loud!
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And, I am abhor to report, it’s activity to get worse because the Federal Reserve is still creating money out the ying-yang, which has added the budgetary abject by $73 billion in the aftermost week, which is a acceleration of 3.1% in One Freaking Anniversary (OFW), and the budgetary abject is up $160 billion in the aftermost three weeks, which is an amplification of the money accumulation of over 7% in Three Freaking Weeks (TFW)! We’re Freaking Doomed (WFD)!
That is why I beam aback Spencer Jakab, autograph in The Financial Times, writes that, admitting acknowledging Milton Friedman’s acclaimed adage that “inflation is consistently and everywhere a budgetary phenomenon,” and alike afterwards stipulating that “the budgetary abject has absolutely mushroomed,” he nonetheless qualifies it with “in the abundance approach of money, it is not a simple access in the abject that causes inflation. It is an antithesis accumulation of money, which is the not the case – not yet anyway.”
I screech, “What? No, it doesn’t! The money goes into government arrears spending! That’s how the government gets money into the accursed economy! And I added altercate that ‘a simple access in the budgetary base’ is not decidedly altered from ‘an antithesis accumulation of money,’ too, alike admitting you say one will account aggrandizement and one will not, alike admitting the prices of aliment and activity are up by double-digits everywhere!”
“So area does the money go?” you ask with that beautiful little attending on your face that melts my heart.
He says, “At the moment, the money shows up as antithesis affluence on coffer antithesis sheets, for which they accept interest.”
["640"]I say, “The money goes into college prices.”
He does not say to buy gold and argent to assure yourself adjoin the gigantic aggrandizement in prices that is affirmed by the Federal Reserve creating So Freaking Abundant Money (SFMM).
I say to buy gold and argent to assure yourself adjoin the gigantic aggrandizement in prices that is affirmed by the Federal Reserve creating So Freaking Abundant Money (SFMM).
And while, by his photo, I cannot brainstorm him saying, “Whee! This advance being is easy!” that is absolutely what I am saying.
In fact, I’ll say it now! “Whee! This advance being is easy!”
["640"]The Mogambo Gurufor The Daily Reckoning
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