From Reuters we get the headline “The Banks Are Cheating Us”, with the subhead “Hong Kong investors protest Lehman Brothers losses”, which made me laugh, “Hahahaha!” and think, “Welcome to the real world, Hong Kong chumps!”

I explained that, yes, I had my foot on the accelerator, but the car went fast all by itself! In fact, the more I stepped on the accelerator, the faster the car went! It’s obviously one of the mysteries of the universe!

“You will lose more in purchasing power (as central bank monetary inflation destroys the currency by printing enough to finance the higher stock prices) than you will ever net in gains…”

American consumers are feeling the pain both at the pump and in the grocery store. Meanwhile with real full-time unemployment rates climbing towards 10%, penny-pinching consumers are wondering just who is to blame.

At least the traders in the futures market “know” what the Fed will do next. They’re betting on a rate hike – you can tell because the futures markets are starting to discount an interest rate hike by the Federal Reserve in October.

Has oil hit its peak price or not? The answer to that question leads us to ask whether or not commodities are a bubble about to burst. Barron’s recent cover story on commodities came down on the side that the party was over.

Has oil hit its peak price or not? The answer to that question leads us to ask whether or not commodities are a bubble about to burst. Barron’s recent cover story on commodities came down on the side that the party was over.

Why don’t they do what they know they should, especially since the freaking Constitution of the United States of America requires that money be only of only silver and gold, so that a fiat currency would be impossible?

And regardless of how many ‘nightmares’ anybody’s lawyer says his client has had as a result of an alleged ‘hostile work environment’, the real nightmare is knowing that inflation in prices generally follows inflation in the money supply.

“Inflation is back,” reports The Wall Street Journal.

But it’s complicated, says the paper, because today’s inflation is “coming at a time of sharply reduced interest rates in the US, the opposite of the usual response to rising inflaton.”

Consumer prices in the U.S., Europe and other rich countries are projected to rise 2.6% this year, the highest inflation rate since 1995, the International Monetary Fund said Wednesday.