Coping With Inflation–Some Strategies for Investing, Bartering, Dickering, and Survival
Statistics released by the Federal government claim that the current inflation rate is 4.3 percent. That is utter hogwash. Their statistics cunningly omit “volatile” food and energy prices. The statisticians admit that energy costs rose by more than 21% since last December. They also admit that Finished Goods rose 7.2%, and “Materials for Manufacturing” rose a whopping 42% , with a 8.7% jump in just the month of November. When commodities rise this quickly, it is apparent that something is seriously out of whack. Meanwhile, the buying power of the US Dollar is falling versus most other currencies. Not surprisingly, …