One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that […]
Obama’s policy is working . . . to raise energy costs. Gas is well over $4 a gallon in most places in California — and soaring elsewhere as well. But are such high energy prices good or bad? That should be a stupid question. Yet it is not, when the Obama administration has stopped new […]
The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in […]
The Environmental Protection Agency (EPA) is suffering policy schizophrenia. On the one hand, it has ordered automakers to increase fuel efficiency to save the planet from global warming. On the other hand, it is setting higher quotas of ethanol in gasoline, which will decrease fuel efficiency and increase emissions of the greenhouse gases that the […]
Foreign ministers from the six-member Gulf Cooperation Council pledged $20 billion in financial aid in Bahrain and Oman on Thursday, the Associated Press reports. Growing protests in Bahrain and Oman have shaken the other members of the GCC, raising concerns the political earthquake rocking the Middle East will affect key OPEC members. Global oil prices […]
A CNN report Friday revealed the stark reality that gas prices have risen by 37 cents since February 22, reaching an average of $3.50 per gallon nationwide. Prices are expected to follow an upward trajectory in coming months. At Friday’s press conference on rising gas and oil prices, the President correctly stated that families, consumers, […]
(Reuters) – U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday. The average U.S. household will spend about $700 more for […]
Miami (AP) – President Barack Obama says that a slight dip in the unemployment rate to 8.9 percent is a sign of continued progress but that keeping that momentum going is important to the economic recovery. The government reported Friday that February’s jobless rate had fallen to a two-year low, down from 9 percent in […]
The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason why a rise in crude prices could tank the housing market is that it has done it before. From Barclays’ Luca Ricci (emphasis ours): The […]
Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends. He says that there are signs in the market that it could eventually happen. As it is now, a Korean manufacturer who […]
