Watch out for inflation

July 2, 2014 

Recently they tried to convince us that the talk of inflation is just noise. Well, the Consumer Price Index has more than doubled in less than a year.

Eggs are up 10 percent.

Bacon is up 15.3 percent.

Coffee and citrus prices soaring.

That's clear evidence that inflation is simmering and about to boil over. Doing nothing as happened in the 1970s gave us extended years of inflation.

If you begin to hear the phrase "all in," it will be time to run to the bank -- if not too late already.

This administration sees $21 trillion in cash sitting in private retirement accounts. That money is a pot of gold for politicians. They saw Greece's riots when they tried confiscating people's money. Washington is concerned people here might do the same if they do what they already have drawn up plans to do.

John Schrand

Belleville

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