Tuesday, February 15, 2011

Max Keiser: INFLATION ALERT: Now Consumers Are Being Warned Of A Massive Hike In Clothing Prices #tcot

Most Americans enjoy dressing like prison inmates, so I doubt they’ll care much if the price of rags goes up

MK: Issuing debts that have no chance of ever being paid is deflating the purchasing power of everyone except those that issue the debts on Wall St. Issuing new debts to pay for Obama’s budget is making bankers rich and you poor. The US is moving toward a forced collectivism and austerity model to save on the costs of supporting thousands of Wall St. princes. Wall St. is the Saudi Arabia of debt. So prices are not ‘inflating’ as much as the economy is disintegrating. Don’t call it inflation, call it disintegration.

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