inflation surging

This week I did experience pump pain. Gasoline was $3.39 per gallon and prices are going up. Also, we got a massive surge in commodity prices causing a global food crisis in our new year. Basically, this is exacerbated by galloping inflation that is accosting us now. Ben Bernake says there is no inflation in america. However, core inflation does not measure prices in food and energy. Frankly, both of those are going up. This is bad news. Yeah, for consumers. I expect as inflation races, price will continue to increase. Perhaps politicians can stop the printing press. Hopefully, before the fed money machine destroys our currency.

Inflation rising

Oh, what an eventful year. What we saw was silver go from 15 an ounce to over 30 an ounce. Yeah it did double in price. It was great for grains. Basically, corn jumps near 50% and coffee climbed to a 13-year high this year. Folks, this is evidence of inflation max massive. We also saw a rise in gas prices. In fact, rising gas prices put the brakes on our economy. Expect inflation to continue to rise. Quantitative easing has consequences.