We reported last week of the numerous examples of immense inflation in prices. Add J.P. Morgan as a party that is concerned as inflation is about ramp up after more than two years of it (supposedly) remaining low.
According to its weekly roundup of global economies, economists at J.P. Morgan Chase & Co. explained that global consumer prices rose only two percent in the past year in February but warned that this will likely increase in the near future.
The major financial institution noted that the global economy, particularly in the United States, is starting to grow again and that this will “gradually turn the tide away from global disinflation.”
Another important element at play is rising agricultural commodity prices that have grown over the past year. One report published in the Financial Times cited a financial expert as projecting agricultural prices entering “a new age of volatility.” For instance, coffee, cocoa, wheat and other grain prices have jumped substantially since the beginning of the year.
The situation in Japan is another factor that will contribute to global inflation.
On Apr. 1, Japan instituted an increase in the national sales tax from five to eight percent. The largest increase in nearly two decades has already caused some unintended consequences, according to local reports. New figures suggest that Japanese consumers have kept their wallets in their pocket, which has caused one shopping department to lose 25 percent in sales.
“The retailing industry got into a widening sales war towards the end of March as store operators looked to tap spending ahead of the tax increase,” said Kyoichiro Shigemura, an analyst at Nomura Holdings.
“Now that we have moved into April, we note concerns about a possible cooling in consumer spending, as well as a stalling of shipments from consumer goods manufacturers and a rise in product returns. However, we expect to see differences in impact by industry and by retail format.”
With diminishing exports in Asia and worries over the paucity of growth in China, J.P. Morgan is even more worried and the inflation levels in the future could prove dire for consumers everywhere.
Ironically Speaking!
Capitalism Can Only Lead To Communism!
Capitalism with Government Intervention has Financial Control over Human Life! Capitalism that uses a Currency without the controlled backing of Gold or Silver Creates Elite Groups which Control The Middle and Lower classes with help from the Federal Reserve System!
Our Government of The People, By The People and For The People can still be an Excellent Government, as long as we put it back into our own hands. Changing a Government can be difficult but possible as long as all of the people stick together by continuous voting and writing to their political leaders.
Government is controlled by the Rich Elite who have received their Wealth Through Greed. This is okay, but the rich want to stay in high political positions so they can use the Government to maintain their Wealth. Only the Wealthy can receive these political positions, since they are the only ones who can afford the publicity to get there.
Once in a political position, they realize through greed the political decisions they have to make. Greed is human nature and very hard to control when there is a constant access to financial success from the Federal Reserve System.
Every time the Rich Elite want something done, they do not want to use their money. Instead, they think of a problem that needs capital and then pay for it through our Government, which in turn ends up back into the hands of the Rich.
The more problems they create – war, welfare, institutes, prisons, world affairs – means more money the Government has to borrow, which creates the deficit. This has to be paid through taxes, which means less pocket cash or printing excess Money from the Federal Reserve System, without Gold or Silver backing, which causes inflation. (Fiat Money/Currency)
All this Money ends up in the hands of the Rich through the natural process of business transactions that make the Rich richer and the Greedy greedier. The Rich will control the Middle and Lower Classes because we will all be in debt to these people as long as our Government keeps borrowing, taxing or printing our money.
This transaction is happening naturally worldwide because debt is the best way to control your fellow man. As soon as all the Governments are in debt to the Rich, we will be controlled by a World Government, which will make it easier for Big Business transactions. All mergers will end up with one winner like a Monopoly Game.
After all this happens, the only thing left is the Antichrist. Is there any difference between this and Hitler’s Communistic State?
Capitalism Can Only Lead To Communism!
Alan Burton
Dieterich, Ill.
alanburtoncirclebranch@hotmail.com