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Wal-Mart shoppers often shop in bulk at the beginning of the month when paychecks (and welfare and food stamp payments) come in. Their CEO reports purchases are dropping off faster by the end of the month. He attributes this to the higher price of gas. Unlike Ben “Do you banksters need more billions?” Bernanke, the [...] AAA reports an 18% increase in drivers running out of gas. DJ, who raises goats and makes goat cheese, says the price of hay has doubled from last year. The Wal-Mart here just raised the price of Friskies cat food from 42 cents to 50 cents. That’s a 20% increase. [...] Helicopter Ben is back…. (Cartoon by BlueWire Studio.) He’s saying, ‘we’re fine, folks, be out of this recession in no time.’ Mr. Bernanke is, I believe, attempting to control and manage consumer sentiment and spending with his cheery optimism. But then the Fed takes drastic actions, like this: Federal Reserve to Buy $1.2T in [...] |  | ||||
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