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Big Brother looking at your bank account
Posted By -NO AUTHOR- On 03/18/2013 @ 10:15 pm In Front Page,Money,Politics,U.S. | No Comments
More and more federal agencies are being given a look into your private financial affairs, according to economy, economist, columnist, radio host and international conference speaker Jerry Robinson on his "Follow the Money Weekly" program.
He explains that Big Brother in Washington is planning new moves to intrude on financial privacy, with database details of financial transactions being provided to additional federal intelligence agencies.
He also takes a look at the stock markets, where U.S. stocks continued their historic rally over the week, with the Dow logging its first 10-consecutive-day winning streak since 1996.
But, he warns, the highs are built on "the massive infusions of cash that have flooded the nation because of the decision by the Federal Research to produce numerous rounds of quantitative easing" – or, simply, printing money.
While Robinson expects U.S. stocks to continue their QE-fueled ascent, they will inevitably be confronted by the realities of growing inflation.
And while the federal government continues to push its doctored financial statistics claiming that the "official" CPI rate is 1.6 percent, more honest analysis shows that the U.S. inflation rate is much higher in reality. In fact, the true CPI rate is closer to 9 percent if the methods used to measure inflation in the 1990s are applied today.
Also featured are Tom Cloud with the precious metals market update, investment ideas from Certified Financial Planner Jay Peroni and the Retirement Minute with John Bearss.
Podcast is 48:59.
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, "Follow the Money Quarterly."
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