Originally Posted by manchambo
What are you talking about, massive inflation?
It's been below three percent for most of the Obama presidency, and below four the entire time. http://inflationdata.com/inflation/i...tion_chart.htm
. And how, in any event, could four years of single-digit inflation account for a 100% increase in gas prices?
Ever heard the phrase "monetization of the debt"?
It's happening as we speak. But...
to get the problem in perspective -- you must go back a century -- to the creation of the federal reserve in 1913.
Over the last 99 years the dollar has lost 95% of its value. I'd call that serious inflation.
Now when you consider that the fed was created to control inflation -- it's obvious the federal reserve system has been a huge failure.
Time to repeal the federal reserve act.