Consumer Prices Flat in August; Inflation Is Subdued

I don't know about you but I'm paying more than I ever have for the things I use everyday. Our wonderful politicians keep allowing Dominion Gas to raise their base charge and delivery rates. I know pay as much to deliver gas as the wholesale price of the gas. Then I have to pay an energy choice supplier $5.99 per MCF and that is the best rte right now. SO the total rate to send natural gas to my house is over $9 per MCF and I have to pay a base $18 per month charge. The taxes, fees, and delivery rates cost more than the actual gas!!!

The average American is being screwed over on a daily basis. We need massive deflation. You know why the Japanese collectively went for deflation? Because they knew everything in their country was overpriced. The only people that will be hurt by deflation will be the large publicly traded corporations and their major stockholders. Considering the average American is no longer a stockholder the only people that will be hurt through deflation will be the massively rich.

If Wall Street went away we would have a painful few years where major corporations fold and the real story of earnings comes to light. Americans will pick up and build new small business ventures to replace the corporate behemoths. The average man will take his country back. Real wages will rise and the American standard of living will return to the glory years.

If we let Wall Street rule the economy 99% of Americans are destined to live in poverty. The system of corporate socialism we have today does not work. The free market must return.

If deflation becomes obvious, me and my family will stop or delay purchasing things in light of lower anticipated prices. Once that spiral starts with others, the whole economy slows down and the prospect of job diminishes. True corporate profits and shareholders get hurt..... yet....besides them.... employees and vendors get hurt also. Deflation though appears to be a good thing for consumer through lower prices has its evil side also.

Don't hold your breath. I know that it is technically impossible to have both de and in at the same time but it certainly looks like this will be the case. As our government likes to separate this economic riddle into two distinct categories it becomes hard to figure out. I guess that is why they do it. Prices within core up - prices within "all else" down. All considered, I expect the Fed to stand pat as well as there is really little more that they can do. Lowering rates at this point will be shooting b.b.'s at elephants and I would not want to be the one holding the gun. Other than the believers on Wall St., the real world is quite static and the price of gold seems to reflect the general sentiment. The Euro has gained and should it be back in the 1.36-38 range by years end it will exert pressure on the dollar which will not be an improvement in the U.S. Government stim programs are still, and likely to remain, in effect. How long this can continue remains a real good question and we all just have to wait and see.
This appears to have too much in common with 1893 and as such, things are going to rocky for a long period of time.
People never learn - that's why regulation is not a good answer. If you compare common sense and greed - greed is the hands down winner, just check out Jay Gould and compare him to Bernie. I bet that in today's loot Jay had more and besides, his worst was to cross Manhattan bay in a row boat - at night.