The Year-Over-Year rise in the official CPI has turned negative, while the ShadowStats versions, using the BLS calculation methodologies used in 1990 and 1980, still show positive if lowered price increase rates. The 1990 methodology shows prices 3 1/2 % higher than a year earlier, down from a 5 1/2 % rise last year from the previous 12 months. The 1980 methodology shows a slowing of consumer price hikes to about 5% (YOY) compared to the previous year’s 10% (YOY) rate.
By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com
The US is once again at its Debt Limit.
Despite all of the talk of cutting the deficit and the like, the political class continues to throw taxpayer money around at a pace that is bankrupting the nation. To wit: the US is set to hits its debt ceiling AGAIN on March 16 2015.
It’s remarkable that the first we hear of this is exactly one week before the date. You would think that the US hitting its debt limit would actually matter to the mainstream media and financial pundits since we’re already sporting a Debt to GDP ratio of over 100%.
The Eurozone can be thought of as a 2-tier confederation. The northern countries have stronger economies, have trade surpluses, and have lower debt to GDP. The southern countries – often referred to as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) – have been in and out of economic crisis after crisis for many years.
A few years ago, I was in preliminary contact with the government of Portugal. I prepared a 24 page report for them outlining how they could reverse the tailspin that the country was in.
One feature of my plan was for them to build up their holdings of Gold