Tuesday, June 21, 2011

Wall Street's mouthpiece says "it's not our fault!"

The trend made American consumers feel better off and, by restraining the upward crawl of consumer prices, helped enable the Federal Reserve to fuel the U.S. economy with low interest rates.

That epoch appears to be over. Prices of imported goods are climbing, becoming a source of inflationary pressure.

This is yet another attempt by the Bullstreet Journal to conceal what's driving inflation: bailing out bankers' gambling debts, known as derivatives, which were intended to destroy the economy. At this they have been very successful, which explains why the financial oligarchy's casino known as Wall Street, and its Congressional bordello, are so Hell-bent on protecting them.