"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Sunday, April 17, 2011

CNBC - Can Not Be Correct

Only Steve Leisman can bring you the best news, according to Joe Kernen.  Another "expert" that Steve interviews is Philly Fed Chairman Charles Plosser who also teaches in the defunked education system.  They start with a slight icing of nonsense then move on to completely derail the logical thought process.  The underlying fundamentals of this economy are garbage.  Our students are idiots and our adults are addicted to knee jerk emotional news and steady bullshit that blames others and not themselves.  The government is funded periodically like an unemployed worker and it is addicted to its spending drug like a heroine addict that is enabled by an endless stream of money that comes from some "far off" source.

The "teacher" continues to educate us saying inflation is not eminent (3:39) and his concern is not now but a year to a year and a half down the road.  Even though prices online are up about 3% in the USA, Plosser is not worried about inflation now.

Inflation is here now and the inflation we have is amplified by the dollar value decline.  Here is a Monthly Chart of the DX.