Tuesday, April 1, 2008

10% Loss For Consumers Across The Board


In effect, your paycheck took a 10% haircut last year. Or another way of looking at it… you would have had to earn at least 10% on your savings just to break even. For the entire year, the S&P 500 returned only 2.4%.
“Inflation is quite simple really. It’s when the government prints money out of thin air.” Congressman Ron Paul explains in I.O.U.S.A. “It’s a hidden tax. And I do find it an immoral situation.”
Unfortunately, with today’s much ballyhooed announcement, we’re afraid inflation is only going to get worse:

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