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Rising Wholesale Prices Fuel Inflation Concerns

February 22, 2011 by  

Rising wholesale prices fuel inflation concernsEarlier this month, Federal Reserve Chairman Ben Bernanke admitted that the United States' economy is "overheated," "growing too quickly" and "short on resources."

Recent data from the Labor Department affirms Bernanke's statements, as well as fuels many economists concerns regarding inflation. On Feb. 16, the agency revealed that wholesale prices in the U.S. increased for a seventh consecutive month in January as the producer price index rose 0.8 percent. The core measure, which excludes volatile foods and energy costs, increased by 0.5 percent, which is the largest jump since October 2008.

These trends have prompted many Americans to consider the need to protect their assets and wealth. Investing in gold and international real estate — commodities that have intrinsic value — are viable options for individuals who are concerned about the sinking value of the U.S. dollar.

Although the outlook for the American housing market is bleak, the UK real estate industry is on the upswing, according to MyIntroducer.com. The National Association of Estate Agents (NAEA) recently reported that the number of registered house-hunters in Britain reached its highest level in six months, making investment in properties attractive both for domestic and foreign investors, such as those from the U.S.

"The message at the end of January 2011 certainly has been that sensibly priced, well located properties will sell and that you will also be able to buy a property at a fair and reasonable price," said Mark Bentley, chairman of the NAEA's Birmingham branch, quoted by the news provider.

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  • Al Sieber

    Bernanke is a liar, how is the economy growing too quickly if millions are out of work and losing their homes and are on food stamps and some are homeless? we have a do nothing congress which doesn’t represent us, and both political parties are dead. the price of all commodities is sky rocketing thanks to “Helicopter Bernanke” and the Fed. Reserve’s printing up of monopoly money.

    • Wandamurline

      It has been the big banks (and most have foreign investors) and the Federal Reserve along with corrupt elists i government who have been manipulating our economy since President Hamilton. Even before the bankers finally got the Federal Reserve (note it is called the Reserve instead of a Bank because at the time, people did not like the banks) these greedy bankers have caused the crises…1708, 1778, 1929 and yes, 2008. These crises were “man made” to manipulate the economy and empower the bankers and congress. If you want to know more, get the DVD “The Power of the Purse”…it will tell you what has transpired over the decades to take America down and head for a one world government. Two years ago, my son told me about a one world government, and I actually laughed because I did not believe that our government would stab the people in the back…then Obama got elected and his over ambitious agenda startled everyone who is a true conservative. Now, I see what the banks and government are doing…they really believe that they should be in charge of everything and what better way than to control the money and your food. If you do not have a gun, get one and learn how to protect yourself and your family, you are going to need it. Also, start putting some food away because when everything crashes, there will be none in the local grocery stores. Stock up on some gas at the same time. We are in a bad situation that has been planned for decades, and we are going to experience paing that this country has never seen before…prepare yourself and your family.

    • eddie47d

      Yes Al the banks are flush with money,the stock markets are up,CEO’s are still raking in big bucks and payday loan companies can still charge 700% per year. The economy is heating up with false money.Hey, not only that Limbaugh just bought another Maybach Landarte car worth $1 million. No big deal since he already owns 5 other Maybauchs.He also owns 5 houses in Palm Beach Florida. More “false”money since it benefits few.That is where America is headed where a few amass fortunes and dominate the landscape while the real problems are ignored.

      • Robin from Arcadia, IN

        eddie… I don’t often agree with you, but you are right. The rich get richer and the poor get poorer. There will be only the have’s and the have nots. The middle class is on their way out. Pelosi, Limbaugh, Rockerfeller, Leonardo DiCaprio, Babs, etc. will come out okay. The rest of us are going to have a hard road to go. I will venture to guess that the majority of those who come out on top will be of the liberal persuasion. I could be wrong, but we’ll see.

      • Al Sieber

        eddie, the banks are flush with money because Bernanke lets the Fed. print it up, the stock market is manipulated, we did you grow up? NYC?

        • s c

          Obummer complains that he’s having a problem getting banks to lend out the money they were given by Uncle Scam. In this case, it means the ‘stimulus money’ can’t work because Uncle Scam is LETTING the banks do what they want.
          Uncle Scam would never do such a thing unless he’s trying to create a problem and play the victim. Ask around. It’s not hard to find small businesses that can’t get their hands on Uncle Scam’s so-called ‘stimulus money.’
          Banks have been given so much power by the current omniscient in the White House that that we’re supposed to think that Uncle Scam is now a limp-wristed incompetent.
          What we have here is a matter of Bernanke telling Obummer will and won’t happen in money matters. Bernanke DOES NOT work for Obummer. Obummer works for Bernanke. No Fed head ever worked for a prez.
          That’s how the “system” works, folks.
          The Fed is America’s main inflation engine. What the Fed doesn’t do, Uncle Scam does. Together, that infernal team has been robbing Americans since 1913. It’s smoke-and-mirrors and a power-mad tail that wags the dog. Organized crime never had it this easy.

    • Dan az

      Hey Al
      I think if they say it enough then maybe someone would believe them.I have a friend that just made an offer on a house in the phoenix area that had five bedrooms and a three car garage for 35000 and I hear there is allot of buys like that down there.Pretty soon I think the banks are going to just have people move in just to keep them up.

      • Al Sieber

        Hey Dan, my friend is waiting for the bank to kick him out, so, he can buy the house down the street, which cost less than half.

        • http://?? Joe H.

          Al,
          I’d buy a couple to rent, but now you have no choice on who you can rent to! Black white red or any color don’t bother me, but some of those perverts? I choose who I rent to! If I don’t think they are rent money able I don’t rent to them!

  • s c

    While he’s at it, Ben the Boob might as well claim that The Anointed One has blessed America with a million new, real (non-government) JOBS. Bernanke seems to have a rough time separating reality and economic fantasy.
    Standards used in ‘selecting’ a Fed head must be incredibly low. It does seem that as long as the current Fed head knows how to lie and use pc English, that’s all that is needed to go through the motions of doing one’s job.
    His favorite recreational drug must be quite a mind-blower, as his mind has been on vacation for a long time. So is Obummer Bernanke’s role model, or is Bernanke Obummer’s role model? Or, maybe they alternate to save face? Whatever Ben the Boob makes for a salary, it’s way too much.

    • Dan az

      You can say that again!

  • Laurie, Haslet, TX

    Gas prices went up 10 cents a gallon since YESTERDAY!

    Remember the FEDS are saying there is NO inflation, but everyone else is stating it is here and getting worse

    • http://?? Joe H.

      Laurie,
      since Friday the price here is up from 3.049 to 3.299 up a quarter!! It’s rediculous!!

      • http://?? Joe H.

        $3.399 today!! It’s disgusting!!!!

  • j g clark

    are the american public that dum to beleve what is happening all the politions are they think for life wqake up america is it still ours

  • JC

    “Earlier this month, Federal Reserve Chairman Ben Bernanke admitted that the United States’ economy is “overheated,” “growing too quickly” and “short on resources.”

    Is this the same Fed puppet who not all that long ago was threatening to “drop money from helicopters” if that’s what it took to get people spending again?

    This criminal should be in prison.

    • 45caliber

      JC:

      Keep in mind that Bernanke is NOT a government employee and works for the Rothchilds whose base is the Netherlands just as the Fed. Reserve is owned by them. Therefore whatever he does is NOT for the good of the US but for their good. That is one reason that Ron Paul wants to audit the Fed. Reserve. Since they make the money, they can print of millions of extra dollars and “sell” them to other countries which makes them lots of money and lowers the value of our dollar.

      • JC

        Exactly right. End the Fed and Restore the Republic.

  • 45caliber

    Before EU, the American dollar was what all the currency in the world was set against as a base. When the rest of the world was lowering interest rates the US was raising them to stabilize our dollar. I wasn’t too happy about it then since it tended to give us a recession.

    But now they do the opposite here since they are trying to balance all the world’s currency against the euro. Our dollar is encouraged to swing by lowering the interest rate. The bankers tend to make money by buying and selling the various currencies of the world. In other words, when the dollar has a low value against the euro, they “buy” dollars; when it rises against the euro, they “sell” them for euros.

    That is one reason that I don’t believe anything Bernanke has to say about our economy.

    • Bitter Libertarian

      Glad to see others aware of this “parasite” killing US.

  • ONTIME

    If you want to counter this inflation and you have the means, then gold, precious metals, industrial metals, commodities, energy sources, oil gas, coal and I would add investment into those companies related to the defense industry….green energy is a joke and is not going to be anywhere near sufficient, the technology is just now getting started and is miles behind that of ordinary sources, the governments smothering idea of transition is sinfully wasteful and going to add to inflation at a phenomenal rate, it’s policy is not enough to grow industry and maintain manufacturing cost….energy cost affect every part of your daily lives.

  • Dan az

    Right again on time
    I’m not what you would call a greeny buy any means just self sufficient.I feel though that if the guv.would release the technology that they have for batteries that are used by Nasa then there would be more people off the grid than on.But with the oil companies owning the majority of solar manufacturing we can only guess where that is going to lead us in the future.

    • Al Sieber

      Dan, have you ever heard of “Vanadium” batteries”? invented by a lady in Australia? I live the same way you do, solar etc. and a backup generator.

      • Dan az

        Hey Al
        I checked into those batteries and they sound promising but I was talking to a guy that worked for NASA that knew of these batteries that were the size of credit cards.They have been around for along time and where used in one of the sputnik things that go for ever and are still sending back signals from deep space.I forget how long that thing has been out there but its still going strong.He said they just place these cards in a box and are light weight.Any way Im still looking for the day that we find the perfect battery system and I know you are to.

  • http://com i41

    The price of oil has bneen climbing every moth. Even thoughthere is a pool of crude in ND, SD, Mt, Wyo,Neb., Kan, Ok, and all the way in to gulf. What is the jug eared marxist muslim moron and all the green weined idoits doing? Talking windmills and solar panal crap, the solar panel plant that got 580 million of stimulas money is going bankrupt, closing its doors. The Government Electric took 138 billion and went to China to create Chinese jobs, and its leader Jeff Imelt, the jobs czar for Onumnutts, what a coupple of idoits. We are still waiting for the chocolate sand bunny towake up and start think in real world time frame, not the airy fairy coon dream land. Spain wasted trillioins on solar crap and it never works. Onumnutts and the Soros Socialist Democrats let China by the world’s largest uranium mine, out in Wyo. Clinton sold the old military port to the Chinese out in San Fran, 12 city blocks in down town Denver that is registered as owned by the Republic of China. What other country would let USA buy land and register it as owned by USA. Onumnutts is still working at taking over private owned property, so as to follow a 2007 UN passed mandate. If people don’t get their heads out of the marxist/communist socialist bu– fog, we will be starving and a contry no more.

    • Al Sieber

      i41, well said, they sold out this country after they sold their souls. solar energy is not efficient.

      • Warrior

        And Al, do you believe the destroyer in chief will be releasing a lot of permits soon to start drilling everywhere to offset the VERY soon to be loss of middle east black gold? Not a chance, it’s all part of the strategy to get the sheep back in line.

  • charlie

    Shortage Huh?
    OIL: Here’s an astonishing read. Important and verifiable information.

    About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, “I am going to ask you a direct question and I would like a direct answer; How much oil does the U.S. have in the ground?” Forbes did not miss a beat, he said, “more than all the Middle East put together.” Please read below.
    The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn’t been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana.
    The Bakken is the largest domestic oil discovery since Alaska ‘s Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable… at $107 a barrel, we’re looking at a resource base worth more than $5…3 trillion.
    “When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.” says Terry Johnson, the Montana Legislature’s financial analyst.

    “This sizable find is now the highest-producing onshore oil field found in the past 56 years,” reports The Pittsburgh Post Gazette. It’s a formation known as the Williston Basin , but is more commonly referred to as the ‘Bakken.’ It stretches from Northern Montana , through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the ‘Big Oil’ companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken’s massive reserves….. and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

    That’s enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn’t throw you on the floor, then this next one should – because it’s from 2006!

    U.. S. Oil Discovery- Largest Reserve in the World
    Stansberry Report Online – 4/20/2006
    Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this mother load of oil why are we still fighting over off-shore drilling?

    They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:
    - 8-times as much oil as Saudi Arabia
    - 18-times as much oil as Iraq
    - 21-times as much oil as Kuwait
    - 22-times as much oil as Iran
    - 500-times as much oil as Yemen
    - and it’s all right here in the Western United States.

    HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small Wake up America

  • charlie

    yes we have and yes we can:They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth.. Here are the official estimates:

    - 8-times as much oil as Saudi Arabia
    - 18-times as much oil as Iraq
    - 21-times as much oil as Kuwait
    - 22-times as much oil as Iran
    - 500-times as much oil as Yemen
    - and it’s all right here in the Western United States.

    HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people financed by (George Soros group) dictate our lives and our economy…..WHY?

    James Bartis, lead researcher with the study says we’ve got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That’s more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
    Don’t think ‘OPEC’ will drop its price – even with this find? Think again! It’s all about the competitive marketplace, – it has to. Think OPEC along with George Soros, just might be funding the environmentalists?

    Got your attention yet?
    By the way…this is all true. Check it out at the link below!!!
    GOOGLE it, or follow this link. It will blow your mind.
    http://www.usgs.gov/newsroom/article.asp?ID=1911

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