Hmmm. That doesn't serve the American people in any way whatsoever. The federal government should be stating the facts, not fudging the figures. They should be trusting the American people to make up their own mind on the issues. But if the feds did that, they all may be looking for a new job...
With that in mind, it seems that my inflation estimates were accurate after all. Although there is no real way of establishing the real rate of inflation because of all the fudging of the figures that goes on, my estimate has been accurate within .1-.5% since 1986.
My inflation estimate for 2011 is 11.06%. This is a target and the range of the target is up to 1 point plus or minus. i am using the best data I have access to so we will see at the end of the year how accurate I am.
11.06% is particularly high and indicates a severe crisis in the economy. Debt, unemployment, non-discretionary spending, defense spending, rising gas and food prices, rising prices in commodities and rising prices in basic essentials are all contributing to this crisis. I have a solution but it is a bitter pill to swallow and I am guessing it won't happen.
If we don't resolve these problems - and the only solution is God, not man - we will self-destruct. I don't know if it will happen next week or next year, I don't know if it won't happen for another 100 or 500 years, but the problem is now, we also must find the solution now.
We are destroying the Earth with our pollution and industrial based economy. We are destroying families and lives with our consumer approach to spending. To understand why this is dangerous, you can read my article on Ezinearticles.com "A Quick Lesson in Economics"
We must find a solution and we must find it quickly.
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