Rather than face facts, people prefer to pretend that all is fine with yesterday's news. Well, I do not agree. Economists says that there is no inflation, but we are in deflation now. That may well be the case, if you are talking about worker's wages. However, food prices are going up. Politicians blame the fact that wheat prices are soaring. They claim this is due to a drought in russia. What can I say except we are hearing excuses. Bread prices are up. This is due to the fact we are in an inflationary depression where essentials like bread rise. Expect more inflation news. For example, gasoline to go over $3/gallon next year. Perhaps we will be told that is due to the deep water horizon oil spill - another excuse.
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