A Day's Wages for a Loaf of Bread
Americans Enjoying Final Days of Artificial Economy
September 16, 2010National Inflation Association - ...The Chinese have had enough of slaving in factories for $30 per week while Americans sit home on their couches, collect $400 per week in unemployment benefits, and consume the goods that the Chinese make. Chinese manufacturers are now being forced to increase the wages they pay to workers, and these costs will be passed on to American importers of Chinese goods like Wal-Mart.
Wal-Mart recently eliminated their "rollbacks" on grocery items in the United States. Grocery prices at Wal-Mart rose by a shocking 5.8% in July from June. In fact, some items in Wal-Mart, like a 36-ounce bottle of Windex and a 12-ounce box of Quaker Oats, rose in price by 51% and 66%, respectively, in July over June.
Considering that in 29 states Wal-Mart controls more than half the grocery market, almost all Americans are beginning to feel the effects of massive price inflation.
With 70% of the goods sold in Wal-Mart made in China, NIA believes that Wal-Mart's massive price increases for grocery items will soon spread to all other items sold.
It is crystal clear for us to see what is ahead for U.S. prices of consumer goods, yet the mainstream media continues to talk about deflation. Cotton prices have surged 28% during the past two months to their highest level in 15 years; that alone guarantees higher clothing prices. But combined with the wage situation in China, Americans could see an unprecedented surge in clothing prices in the months to come.
A massive outbreak of price inflation is already taking place all around us, as Americans enjoy their final days of our artificial economy that is being propped up by China and Japan. Some people say China and Japan continue to buy and hold U.S. treasuries because of our overpowering military presence, but when they start dumping our treasuries and the bond bubble bursts, the U.S. military regime will come to an end.
A U.S. societal collapse is coming, and NIA will expose the truth in its over one hour long documentary coming in late-October. This documentary will be talked about around the world for years to come.
Look Around: There's Major Commodity Inflation Happening Everywhere
September 17, 2010Business Insider - Since the end of August, commodity prices have surged, supported by high real demand in developing economies like China and India as well as investors searching for yield in a weak equities market.
The result has seen prices of many major commodities instrumental in the construction and production of certain goods and services surge.
Those prices could be set to hit the profits of firms or be passed onto consumers already experiencing a deleveraging economy and declining home prices. That could, potentially, lead to stagflation.
There are some notable exceptions from this list, like crude oil and orange juice, but nevertheless the shared rise of those listed is of significant interest.
Where is there not inflation? Your house.
Click here for the commodities
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