What's going on is hyperinflation. So far, it's been kept to a moderate pace in order for people not to go bananas and riot in the streets. However,
with the fed allowing unlimited Quantative Easing, this means they're printing a ton of money with nothing to back it up.
When this happens, money floods the market, and the value of the dollar goes down. Therefore, everything else becomes more expensive, while our wages
remain flat and stagnant.
Bottom line: The middle class is disappearing, and we're all becoming one big lower class of poor people, struggling to buy even basic necessities,
because our paycheck won't stretch as far thanks to the inflation.
Gas in states other than California have actually been kept artificially low, as it takes oil companies around $93 per barrel of crude in order to
turn a profit.....Er, I mean, a "respectable" profit according to Wall Street standards. I know it sounds crazy, but it's true, thanks to offshore
exploration costs, etc. Today it bumped up to $92.40.
Just wait until after the election. I have an awful feeling all hell will break loose when it comes to prices.
People need to start buying a little extra food each time they shop, and do their best to keep to a budget, because it is only going to get worse.
Our US dollar is collapsing, only they're not telling us, so we think everything is hunky-dory. Don't be caught unaware. The economy is NOT
recovering, that is a myth. We're circling the drain, fixing to go down.
edit on 11-10-2012 by FissionSurplus because: clarification