Yankee Capitalist State Cooks Books About Inflation and Global Economic Crisis

Political economist Jack Rasmus has tracked both unemployment stats over the last year and inflation over the past 2 months. In both cases, the real unemployment and the rate of inflation has been 15-20%. This is three times higher than the official stats in both areas. In addition, the increase in the rate of inflation is present around the world, not just in Yankeedom. Inflation is likely to cause the Fed to start to raise interest rates and cease to give away free money. This is likely to drive markets to greater instabilities.

Read in WSWS

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