Archive for February 18th, 2010

Inflation–Surprise–Surprise–It’s Back–An Inflationary Depression Arrives–The Obama Depression!

Posted on February 18, 2010. Filed under: Blogroll, Books, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, People, Philosophy, Politics, Rants, Raves, Resources, Security, Strategy, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , , , |

U.S. Debt Clock  


M3, longer term chart    


Fed Raises Discount Rate – Peter Schiff – 02-18-2010

Meyer Expects Fed to Raise Funds Rate in Middle of 2011


McCullough Sees Compression in Treasury Yield Curve

Dollar Spikes, Euro Sinks Amid Fed’s Discount-Rate Move

The Discount Rate

Ron Paul v Ben Bernanke (1.29.2010)

Glenn Beck- February 18, 2010 (Part 3/4)

Glenn Beck- February 18, 2010 (Part 4/4)

Glenn Beck 20091209 Part 4/4

Inflation Nation The Movie Part 1/3 – Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers.

Inflation Nation The Movie Part 2/3 – Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers.

Inflation Nation The Movie Part 3/3 – Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers.

The Federal Reserve explained.

RBS’s Tucci Discusses Fed Exit Strategy, Bank Industry: Video


Background Articles and Videos


Ron Paul’s State of the Republic Speech (1 of 3)


Ron Paul’s State of the Republic Speech (2 of 3)

Ron Paul’s State of the Republic Speech (3 of 3)



“…On a seasonally adjusted basis, the January Consumer Price Index for All Urban Consumers (CPI-U) 

rose 0.2 percent, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index 

increased 2.6 percent before seasonal adjustment. 

The seasonally adjusted increase in the all items index was due to a rise in the energy index. An increase 

in the gasoline index was the main factor, and the indexes for fuel oil and natural gas rose as well, 

though the electricity index declined. 

The index for all items less food and energy fell 0.1 percent in January. This decline was largely the 

result of decreases in the indexes for shelter, new vehicles, and airline fares. In contrast, the medical care 

index posted its largest increase since January 2008, and the index for used cars and trucks increased 

significantly for the sixth month in a row. 

The food index increased in January, with the food at home component posting its largest increase since 

September 2008. Sharp increases in the indexes for dairy and related products and for fruits and 

vegetables accounted for most of the increase. …” 


 The food index rose 0.2 percent in January. The food at home index increased 0.4 percent, with four of

percent in January, but still has declined over the past 12 months. The index for fruits and vegetables  

increased 1.3 percent due to a 2.8 percent increase in the index for fresh fruits. The index for meats, 

poultry, fish, and eggs rose 0.4 percent and the index for nonalcoholic beverages advanced 0.2 percent. 

The indexes for cereals and bakery products declined in January, falling 0.5 percent, and the index for 

other food at home declined 0.3 percent. The index for food away from home increased 0.1 percent in 

January. Over the last 12 months, the food index has declined 0.4 percent with the food at home index 

down 2.0 percent and the index for food away from home up 1.6 percent.


The energy index rose 2.8 percent in January, its ninth consecutive increase. The index for energy  

commodities increased 4.9 percent, with the gasoline index rising 4.4 percent. The index for household 

energy rose 0.5 percent in January. The fuel oil index increased 6.1 percent and the index for natural gas 

rose 3.5 percent, while the electricity index declined 1.1 percent. Over the past 12 months, the energy 

index has risen 19.1 percent, with the gasoline index up 51.3 percent but the index for household energy 

down 3.5 percent.

All itmes less food d and energy

The index for all items less food and energy declined 0.1 percent in January after rising 0.1 percent in 

December. The shelter index declined 0.5 percent. The index for lodging away from home fell 2.1 

percent, while the rent index was unchanged and the index for owners’ equivalent rent declined 0.1 

percent. The index for new vehicles fell 0.5 percent, its second consecutive decline, and the index for 

airline fares turned down in January, falling 2.5 percent after increasing in each of the past six months. 

The indexes for household furnishings and operations, for apparel, and for recreation all decreased 0.1 

percent in January. In contrast, the medical care index rose 0.5 percent. The index for medical care 

commodities rose 0.7 percent and the medical care services index advanced 0.5 percent. Also increasing 

was the index for used cars and trucks, which rose 1.5 percent in January and has increased 12.9 percent 

over the past six months. The index for all items less food and energy has risen 1.6 percent over the past 

12 months.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.6 percent over the last 12  

months to an index level of 216.687 (1982-84=100). For the month, the index increased 0.3 percent prior 

to seasonal adjustment. 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.3 percent 

over the last 12 months to an index level of 212.568 (1982-84=100). For the month, the index increased 

0.4 percent prior to seasonal adjustment. …”  

Current Consumer Price Index
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
2009 211.143 212.193 212.709 213.240 213.856 215.693 215.351 215.834 215.969 216.177 216.330 215.949 NA
2008 211.080 211.693 213.528 214.823 216.632 218.815 219.964 219.086 218.783 216.573 212.425 210.228 215.303
2007 202.416 203.499 205.352 206.686 207.949 208.352 208.299 207.917 208.490 208.936 210.177 210.036 207.342
2006 198.3 198.7 199.8 201.5 202.5 202.9 203.5 203.9 202.9 201.8 201.5 201.8 201.6
2005 190.7 191.8 193.3 194.6 194.4 194.5 195.4 196.4 198.8 199.2 197.6 196.8 195.3
2004 185.2 186.2 187.4 188.0 189.1 189.7 189.4 189.5 189.9 190.9 191.0 190.3 188.9
2003 181.7 183.1 184.2 183.8 183.5 183.7 183.9 184.6 185.2 185.0 184.5 184.3 183.96
2002 177.1 177.8 178.8 179.8 179.8 179.9 180.1 180.7 181.0 181.3 181.3 180.9 179.88
2001 175.1 175.8 176.2 176.9 177.7 178.0 177.5 177.5 178.3 177.7 177.4 176.7 177.07
2000 168.8 169.8 171.2 171.3 171.5 172.4 172.8 172.8 173.7 174.0 174.1 174.0 172.2
Get more Historical Data from
Consumer Price Index- All Urban Consumers- Not Seasonally Adjusted – (CPI-U) – Base Period : 1982-84=100
Note: NA means data has not been released yet. Effective January 2007 the BLS began Publishing the CPI to 3 decimal places.
However, is still the only place to get Inflation Rates calculated to 2 decimal places.

Producer Price Index News Release text


Transmission of material in this release is embargoed until                         USDL-10-0206
8:30 a.m. (EST), Thursday, February 18, 2010

Technical information:      (202) 691-7705  *  *
Media contact:              (202) 691-5902  *  

                            PRODUCER PRICE INDEXES - JANUARY 2010

The Producer Price Index for Finished Goods rose 1.4 percent in January, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This increase followed a 0.4-percent advance
in December and a 1.5-percent rise in November. In January, at the earlier stages of processing,
prices received by manufacturers of intermediate goods climbed 1.7 percent, and the crude goods
index jumped 9.6 percent. On an unadjusted basis, prices for finished goods moved up 4.6
percent for the 12 months ended January 2010, their third consecutive 12-month increase. (See
table A.)


Exploding Inflation & Higher Interest Rates Coming


“…It’s been forecast by everyone but those beating the Obama Democratic drums. Even today, many pundits were saying that inflation wasn’t going to be much of a concern but then Thursday afternoon, Ben Bernanke & Boys raised the Discount Rate from .50% to .75%! This is the opening salvo of interest rates that might have to reach DOUBLE DIGITS to contain the massive printing of money that’s been going on.    


The Federal Reserve decided Thursday to boost the rate banks pay for emergency loans. The action is part of a broader move to pull back the extraordinary aid it provided to fight the worst financial and economic crisis since the 1930s. The move won’t directly affect borrowing costs for millions of Americans. But with the worst of the financial crisis over, it brings the Fed’s main crisis lending program closer to normal.    

The Fed decided to bump up the so-called “discount” lending rate by one-quarter point to 0.75 percent. The increase takes effect Friday.   

The central bank said the action should not be viewed as a signal that it will soon boost interest rates for consumers and businesses. Want to bet? Record-low borrowing costs near zero are still needed to foster the recovery, it said. The Fed repeated its pledge to keep interest rates at “exceptionally low” levels for an “extended period.” But with unemployment still near double digits, and demand for loans remains weak, many ordinary Americans and small businesses have found it difficult to borrow. …”   


Glenn Beck- February 18, 2010 (Part 1/4)

Glenn Beck- February 18, 2010 (Part 2/4)

Will Bernanke Spark Inflation?-Leslie Marshall-America’s Nightly Scoreboard 2-10-10

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