52 online
 
Most Popular Choices
Share on Facebook 29 Printer Friendly Page More Sharing Summarizing
Exclusive to OpEd News:
OpEdNews Op Eds   

Inflation is Down, Oil is Slipping, and Santa is Real:

By       (Page 1 of 2 pages)   2 comments

Mike Folkerth
Message Mike Folkerth

U.S. NEWS: “Oil prices slip from highs and inflation posts mildest reading in 6 months.” That is the good news of the day. That is also the main stream news reports, who are somewhat reckless with the truth. That is also why I write the King of Simple News in English.

 

Oil did go down and inflation was reported as lower. Compared to what? That’s the scam ya know?

 

This would be similar to asking a person if they want to jump to their death off the high cliff or the low cliff. Neither, is the correct answer. Both cliffs are sufficiently high to reach terminal velocity; you just get to think about it longer off the high cliff.

 

Let’s look at inflation reporting since I’m on the subject like white on rice. If inflation were to rise by 20% last month and only 10% this month, the news would be reported as, “Inflation plummets by 50%.” Rather than, “Middle America will starve to death more slowly.”

 

Oil did in fact slide. It slid from $110 per barrel to $109. Well la-de-da. Not long ago the news was reporting that, “Oil could hit $50 per barrel and we’ll all die.” Comedy Central couldn’t hold the light for a financial news reporter.

 

As the pump hit $100 when I was filling my vehicle yesterday, the radio was announcing that inflation was tame. I had $200 worth of groceries in one bag in the back seat.

 

Do you think inflation will impact you? Do you believe that inflation will save this economy? More importantly, do you believe that we have inflation? If you answered no to any of the questions, cut back on what ever it is that you are taking for your headaches.

 

We have a large problem in the U.S. and to put it into a nutshell, here it is; We are experiencing a shift from a math and physics perspective. The benefit of the shift will go to China, India, Korea, Russia, and an endless list of other emerging nations.

 

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Mike Folkerth Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Will Our Economy EVER Recover?

Fox News on Georgian Invasion; Not Exactly What They Wanted:

Paradigm Shift; Change Your Life:

U.S. Auto Industry is in Recession:

Housing Predictions:

Treasury and IRS Agree; Pension Freezing is Legal!

To View Comments or Join the Conversation:

Tell A Friend