Quotes From: thefederalist.com
Bob Barney:
Former Treasury Secretary and longtime Democrat Larry Summers recently co-authored an important paper analyzing long-term inflation trends and statistics. The paper demonstrates that changes to the way the federal government measures inflation via the Consumer Price Index since the Carter era understate the current scope of the problem – and the challenge the Federal Reserve faces in getting inflation under control today.
Anyone old enough to remember the 1970's inflation realizes that inflation today is at least two to three times worse than under Jimmy Carter. And the answer to this discrpency is once again your government.
Two changes to the inflation measure—one a one-time methodological change, and the other a long-running trend—explain much of the apparent difference in CPI rates between the late 1970s and today. The first comes from a 1983 move by the Bureau of Labor Statistics to remove homeownership costs from the CPI measurement and replace them with a metric called owners’ equivalent rent.
For instance, in the early 1950s, food and clothing comprised roughly half of the total Consumer Price Index, as opposed to approximately 17 percent today. The shift means that more elements of the CPI come from “sticky” industries and sectors—ones less amenable to sudden price shifts. While a grocery store or clothing retailer changes its prices quite often, for instance, manufacturers of computers or other durable goods alter their prices less frequently. The fact that the latter types of sectors dominate the CPI compared to prior decades suggests that wringing inflation out of the economy will not happen overnight, nor very easily.
Summers famously predicted last February that inflation would accelerate if Democrats rammed through their $1.9 trillion “stimulus” legislation. Sure enough, it did. His newest analysis therefore bears watching, as does one ominous conclusion: that bringing inflation down to the Fed’s desired 2 percent level “will…require nearly the same amount of disinflation as achieved under [Federal Reserve] Chairman [Paul] Volcker.”
The Plain Truth is America is in trouble. <ost American's don't even realize that our demise was predicted in the Bible. Most have no idea exactly who Canada, Britain, France, and America is identified in the Bible. If they did, they would be worried.
Believe it or not, the Bible is as current and relevant today as the day when it was first written. The fact is that it is even more relevant today because much of what was predicted by the prophets was meant for today and beyond and not for the time these men were living! The hard-to-pronounce nations mentioned in the pages of prophecy written so ,long ago still exist, and you can prove it to yourself! God has given us tools to understand His predictions for our world and has had uncanny accuracy that nobody could ever duplicate without divine influence. God has rightly predicted:
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the fall of Babylon
The fall of Assyria
The fall of Alexander
The fall of Rome 7 times (it has now fallen five or six times depending on what expert you believe!)
The Pope
Radiation poisoning
Chernobyl by name!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Global man-made pollution
the Muslim religion and their fight with Europe known as Crusades and the final yet to come conflict between these two powerful regions
The rise of England and the USA to be two most powerful nations ever to exist on this planet!
That England would have a monarchy, and that monarchy would claim to be David's descendants and that they would sit on his literal throne over the same rock that David himself was coronated over.
The #13 would be important to the United States of America and that our form of government would be by election and not by a divine monarchy from the line of David.
The increase in knowledge all within the span of one generation. Has there ever been an increase of knowledge since the foundation of the world to equal 1930-2050 (taking the Biblical 120 years as the generation of a man)
Worldwide famine and diseases unlike ever to have occurred in the history of the world
A great false Christianity that would rule the world when at the time predicted, the name of Christ was known but by few people on earth and that knowledge could actually get you killed!
That Jerusalem would always be the center of world conflict… Name any other city in the world that always been in the center of world conflict? Name any city? This prophecy concerning Jerusalem was made over 2500 years ago!
That mankind would never live longer than 120 years old. Has modern science been able to change this fact told to us by God 4,000 years ago?
African slavery, and also a blessing to black people!
Communism as a "new" form of government that would fool and sweep throughout the world, except Muslim nations.
These are the predictions that God has made and most have already come true and the fact of their accuracy cannot be honestly intelligently disputed. So what about the future? What does the Bible and God have to say about what is still yet to happen. To understand, we must be able to identity the nations of the Bible and who those people are today and where they live. You will see that the major nations of today are indeed the same nations called by different names in the pages of God's word.