My wife and I have been spending the last month at my parents house as we prepare to move into our new home. While the family is fantastic, it has been quite interesting for two newly weds to embarq on such a stay. It has given us ample time to step back and observe everything that has been going on, and to actually delve further into the minutia.
So let's see where to start.
The Russian and Chinese Governments spent $4 Billion this week to prop up the dollar so that they may maintain some sort of exports to the US.
Iran is buying gold like it is going out of style, anticipating more sanctions.
The Royal Bank of Australia raised their interest rate a quarter of a percent in anticipation of inflation.
$1.00 US = $1.04 CAN.... ???
Gold hits all time high (before pulling back ever so slightly because of the $4 Billion purchase mentioned earlier) of $1,063/ounce.
Chairman Bernanke says we are going to keep printing money for a while...
Our President is trying to turn Afghanistan into a police action... hummm, I have heard that term before.
Health Care will increase taxes on everybody- except for those who don't pay taxes anyway (Tim Geithner).
Second Stimulus is being pushed by the democrats- wait, how did the first one work out? I thought we were to be below 8% unemployment? Now almost 15 million people out of work.
Have you ever googled the newspaper headlines from the 1930's?
"Recession is Over", "Recovery is here", etc., etc, over and over for the entire decade. Sound familiar?
Sugar hits all time price high. California food production down 25% due to water being cut-off to farmers to save the smelt.
Dollar has lost 19% of its value in last 6 months.
Obama wants to control the internet, blogging, financial industry/regulation, health care, and demise of the dollar- but was given a Nobel Peace Prize for internation diplomacy.
The IMF now gets to help regulate our Financial Industry.
Yada, yada, yada.
Does anyone else notice any certain trends here?
While many of us sit here this weekend, we are oblivious to what is actually happenning right under our feet or over our heads. The devaluing of our dollar has gone to new lows, and the "Post recession Inflation" has not even started yet. Sadly, it will not be until a Happy Meal at McDonald's is $35.00 that the mainstream will realize what is going on.
So, another beautiful weekend... enjoying a Value Meal at $6.99... (How long ago was it $5 or even $4?) Ahhh progress...