Inflarion is here now!

Examples of inflation:

I bought cans of tuna. They are now 5 OZ cans. Previously they were 6 OZ cans. The price is the same.
Bought a plastic bottle of Ovaltine. It was 12 OZ net weight. Previous bottle was 14 OZ Same price.
Bought coffee bag - private label at 12 OZ. Used to be 16 OZ. Same price.
Cans of sode (pop) are now 2 OZ smaller. Same price.

AT restaurants, I have noticed that entrees are 50¢ to $2.00 more for the same meal.
AT Pizza restaurants, I noticed that they are 50¢ to $1.00 more for the same size pizzas.

My electricity cost more per kilowatt hour.

My medical insurance premiums are up 12%

My car insurance premiums are up 9% for a one year older car.

My home insurance is up almost 10%.

My real estate taxes have increased by 11% and the value of my home has fallen by 10%.

All this in the last year. My "cost of inflation" is about 10% increase over last year's costs.

That is an example of inflation. Inflation is rising faster than my income. That means my standard of living is declining and my investments are worth less.

Imagine how fast inflation will increase when interest rates begin to rise in a year or so.
Gasoline prices were on its way down, but stopped its decline and is now rising.

The President Bush tax cuts are about to expire on 1.1.13. If they expire, my cost of living will decline an additional 8%.

The Chicago teachers are demanding a 35% salary raise because they will have to "work an extra 15 minutes per day". And they are planning a strike to force Chicago to give them something. That will further increase my future real estate taxes and state taxes.

INFLATION IS HERE - NOW - AND IS GETTING READY TO ROAR SOON.

INFLATION IS THE HIDDEN TAX.

WHY?

BECAUSE IT TAKES THE VALUE FROM YOUR MONEY AND GIVES YOU LESS.

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