Nope, I'm not talking about a hug.
I'm talking about the rising cost of just about freaking everything in the United States.
We are feeling it here at Casa Gina. Big time.
A few months ago I told Hubba-huuba, just think! Soon we won't be paying for Mr. P's schooling any more! That was supposed to free up a nice chunk of money, but it seems that it will help us break even more than get us ahead.
Our dollar is worth less and less. Money you have in the bank is worth less than it was three years ago.
I just found out today (although it hasn't been a secret or anything) that Bernanke, the Fed chaiman, has chosen since his tenure began to suppress a previously published set of important numbers, known as M3. This report basically tells us how much money the government is printing.
And listen, there is a really good reason he didn't want people knowing those numbers.
Because then everyone would know that instead of the annoying but doable five percent inflation that has been reported, it is more like fifteen percent. The government is printing money like crazy to cover our debts. Well, their debts, as well as those of banks and the like, but we all wind up paying for them in various ways.
The falling dollar is another sign of all that money flooding the markets, and it won't be getting better any time soon. The next president will have no choice but to raise taxes, and so we will get squeezed on that side as well.
I hate to be Miss Doomsday 2008, but we should be afraid.