“If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny.” Thomas Jefferson
Thursday, December 11, 2008
Inflation and What it Means to You
Well inflation is here and if the federal government has its way it will get worse. The 700 billion dollar bailout is now over 2 trillion dollars and rising. Where is the government getting all this money? Simple, the Federal Reserve Bank is printing it as fast as they can and then the Federal Government (and consequently we the people) buy it from them. This "money" is not money at all it is paper and nothing more. That is another story, though, we are talking about inflation. So what is inflation? Well, to make it really simple inflation is when the value of the dollar goes down, and the cost of goods goes up. You have less buying power. What cost you today 1.00, tomorrow will cost 1.25 and two weeks from now will cost you 1.75. Meanwhile pay rates can't keep up and at the rate of unemployment (500,000 jobs lost in November alone) means that you can no longer afford to buy that 1.00 item at the cost of 1.75. Now, we have economists in Forbes Magazine calling for a drastic decrease in the dollar overnight. Each American at this point is in debt 500,000 dollars. That isn't personal debt folks that is what your government has given of your future earnings to big bankers and corporations who could not manage their businesses! What does this mean for you and for me, us little guys struggling to make ends meet. It means you don't have much time left before you may have to go stand in a bread line. We take a stick of gum for granted. When Russia was the communist Soviet Union people in Russia thought gum was a luxury item. Are you prepared for rising food costs, clothing costs, utility costs. If you are struggling now then chances are you aren't. I highly recommend learning everything you can about being self sufficient. If you think you can't because you live in the city, think again and then check out the Path to Freedom Project. Those folks live in the middle of San Francisco and they put me to shame. Our goal here at Whisper Wind is to be self sufficient. I learned a lot from my grandparents and then I have learned more over the years. There are things I am still learning. So I encourage you all to join me and let's all learn together and teach each other. I always say to prepare just in case of an emergency and folks our economy is a category 7 hurricane and 10 category 5 tornadoes wrapped up in one and this monster is headed straight for us. I know that sounds like doom and gloom, but folks this stuff is real. The spending gets worse in Washington and they no longer care what We the People have to say. May God Bless and keep you all.