(The Mogambo is sure to rankle a few feathers at DU this week with his rants about gun control, minimum wage and public-funded child care. But for those of us who need our weekly dose of The Mogambo, here you go.)
Richard Daughty -- World News Trust
Things are spinning out of control, and I have locked myself inside the Mogambo Bunker Of Raw Fear (MBORF), whimpering like the little crybaby I am. For example, the damned Federal Reserve is still cranking out the money and credit with both hands, which they figure is real clever, I suppose, although a retarded monkey could do as much, and for far less salary, and in its off-time it could entertain us by roller skating on the table. But this is not about hilarious monkeys wearing funny hats, but the damnable Federal Reserve, and last week they created another $6.4 billion in credit. The reason that I am all a-tremble is that all this money inflation that they have been creating for decades is showing up as price inflation, which is one damned good reason why gold is doing so well.
As proof, I demur to the keen eye of Mike in Dallas, who writes that an article in the Dallas Morning News business section listed some price increases and plans for them. Michelin, Goodrich, Uniroyal prices up 8%. Clorox 8%. Kleenex 5%. Cottonelle 6.5%. Glad bags 8%. He didn't mention health care, but maybe everybody knows that already.
And let's not forget the Postal Service, which increased the price of a first-class stamp to 39 cents, which is an increase of 5.4%.
And it is not just consumer products that will be going up in price, but lots and lots of things, especially in California, as we learn from the newsletter View From Silicon Valley, which shows that the politicians in California in general and Silicon Valley in particular are as ignorant and stupid as the rest of their loathsome political class of morons, and the have instituted the "millionaire taxes," whereby "Anybody getting a seven-figure W-2 in 2005 will be required to pony up an extra 1% (so $10K+) earmarked for 'mental health' in 2006'" and a new 1.7% tax for "universal day care." Hahaha! Public-funded babysitters!
more
http://worldnewstrust.org/modules/AMS/article.php?storyid=2130