By Kerry Patton
John Waggoner of USA Today reported on Wednesday that the price of gold is soaring again. He attributes this to new dramatic stimulus (increase in money supply) by both the European Central Bank and the Federal Reserve. Waggoner also believes that this is happening due to inflation fears despite what he believes to be little evidence of same.
Mr. Waggoner noted the Consumer Price Index has risen only 1.4% for the previous 12 months ending this past July. This is interesting since the core CPI does not account for increase in prices from food and energy.
What’s more interesting are price increases in necessities. Corn has increased by 24.8%, ethanol by 16.5%, gasoline by 9.9%, soybeans by 47.8%, wheat by 32.7% and heating oil by 7.2% during the previous 12 months.
For those who see this and say, Screw gold…I’m putting my money in soybeans and wheat!, who could blame you?
The primary culprit in all of this has been the monetary policy of central banks, most notably the Federal Reserve and the ECB, along with an inept press and elected government officials. But who are We the People to try to figure all this out?
Media have been reporting too much of one thing and not enough of everything. Alphabet media have their hands all over liberal nonsense, and no one seems capable of taking all the emotion out of the decision making process altogether. Look at how the incumbent handled the management of the federal government and our nation’s economy.
It is imperative that citizens actually do everything in their power to limit bias and prejudice in their decision making process come this November.
In order for the United States to return to the prosperous nation we once were, we must start observing key stats:
-Deficit and national debt increases
-Effect of Treasury (and Fed) policy on the cost of commodities (food, energy, etc.)
-Management of federal agencies and departments (any waste, any scandals regarding waste, misuse of federal authority, etc.?)
-Effects of federal spending (TARP, Stimulus?)
-Impact of foreign policy
-Private jobs increase (did any federal spending program have an impact on any private sector jobs increases?)
When all things are considered, the President doesn’t get an “incomplete” grade. If we carefully look at what he promised, it becomes clear that he has failed.
The national debt is substantially higher. The cost of commodities has risen sharply. The management of the various federal departments are a disgrace and the effect of federal spending on TARP and the stimulus have not been successful .
Look at the GM stock price from the Initial Public Offering to now. It’s down 33% when the rest of the market has been up. What does that tell you? How many car dealers and their employees are now out of work?
Foreign policy simply is nothing more than platitudes with no action and no hammer.
Private sector employment is up slightly despite the federal government’s efforts to restrain business. Federal initiatives can only create government-subsidized jobs.
This administration has “invested” in businesses that have failed miserably in the attempt to do what only private businesses can do well--invest and gauge business risk.
As November draws near, speakers at the Democrats’ national convention get on their high horse, and media continue to spew messaging claiming how successful this administration has been.
Be sure to look at the overall total picture. Read some stats and realize everything media says comprises misinformation that supports the crippling of America and will not ensure the prosperity of the United States.
~~Kerry Patton, a combat disabled veteran, is the author of Sociocultural Intelligence: The New Discipline of Intelligence Studies and the children's book American Patriotism. You can follow him on Facebook.