Inflation is real and rising

Anyone who shops for food or clothes has seen the prices rise.
ANother thing that has happened is the packages are smaller but the price remains
the same. Tropicana used to be 64 oz containers. Now they are 59 oz. You might think BIG DEAL 5 oz less.
BUT the truth is that you are paying the same price for 9.2% less product. Said another way - the cost per
oz has risen by about 5¢ per oz. Sounds like small change. BUT it is an increase only one food increase.
Hamburger is up by about 50¢/lb. Mile is up by about $1/gal. Pop (soda) is up by about $1/6 pack.
Beer is up even more. And I do not have to tell you that gasoline is up over $1.50/gal in the last year+.
And anything that has to be transported by car or truck will cost more. HEY! They have to make more money per truck load just to break even.

Then there are CD rates - down to almost nothing. When these rates begin to climb every adjustable
mortgage payment will go up. Plus the cost to carry the USA debt will increase shapely since almost
40% is rolled over every 90 days. This will affect every thing.

Apartment rents are going up since tens of thousands of people have left their homes and are now renting. This puts a high demand on apartments and therefore the rents are going up.

Electricity is going up too.

So lets summarize the inflation in the last few years:
Gas up big time up to 100%
Food up 10% to 25%
Rent up by 25% to 40%
Utilities up by 10% to 20%
Clothes up by 30% - cotton up over 50%
insurance premiums up by 15% to 25% - You can thank obama care for this rise.
State taxes up to cover the union pension funds - that's right! The tax-payers pay the teachers'
and police persons' and the firefighters' and the politicians' pension. That is a rip off.

So when they tell you that inflation is under control - DO NOT BELIEVE THAT.
Inflation will hurt everyone as it increases. And it is creeping up as you read this.

When the interest rates begin to rise sometime soon, inflation will begin to jump in leaps and bounds.

For those who lived thru the 1970, here's examples of what can happen. Autos went from $6000 to $18000. Food shot up by 150%. Gasoline went from 37¢ to $1.28. Daily newspapers went from 10¢ to 25¢. Housing went up by 300% (we can only hope for housing to begin to increase.) And worst of all - salaries hardly moved up. You would be luck to get a 3% to 5% raise every two or three years.

Inflation is real and the one thing that might help is to have some GOLD set aside to sell back when things settle down.

And that's the way I see it...
Straight Talk with Jay Clifford