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« Old Federal Reserve Speeches | Main | Friedman Wants US Economy Magically Fixed »

June 30, 2008

The Truth About Inflation Eludes US Public

Us_trade_deficit_due_to_loss_of_g_2Three headlines from Bloomberg News, the ONLY news service today that tells the economic truths, illustrate clearly that we are in the exact same matrix as we were in during the end of the Vietnam war and the beginning of the oil wars in the Middle East. On all fronts, the news is nearly exactly identical to that key time period we called 'Stagflation'. Once again, we go to old Federal Reserve speeches to see clearly how we are in the exact same traps we fell into back then. And the solutions are still exactly the same and these solutions destroyed our industrial base as well as the financial health of the working class in America.

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