Black Friday Mirage Hides U.S. Retail Depression
Here another important point must be made. More than ever food-price inflation is "inflation." Obviously for the billions of people around the world living in poverty and near-poverty, that reality has always been totally apparent. However, for the first time since the Great Depression that Truth has migrated to the West.
Nearly one in six Americans must now subsist on government "food stamps" in order to feed themselves properly. Tens of millions of other Americans struggle barely above that threshold. This is the inevitable result of the more-than-50% decline in wages for the Average American over the past 40 years, or (in other words) a greater-than-50% decline in their
By any conservative measurement, inflation across the West now rages somewhere between 10% to 20%. Here even the eminent John Williams of
The inflation-rate on a new Mercedes means nothing to the average person. The inflation-rate on a loaf of bread means everything.
Propaganda MachineSince retail sales figures include this 10%-to-20% inflation (rather than stripping it out, as would be done by any reputable statistician), the arithmetic is simple. If retail sales were to be officially "flat" (i.e. a 0% increase), then this would translate into retailers selling 10% to 20% less goods -- but simply at higher prices. As of this moment, the propaganda machine is
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