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Message: Inflation in Europe

In the Netherlands the value of industrial turnover increased 23% between February 2010 and February 2011. Interesting detail: 13% out of that 23% was accounted for increases in the price of industrial products. This may be a monthly anomaly to some extent, but I believe at leat this shows, that the true numbers of inflation are much higher than the official numbers.

High inflation has arrived and on a daily base we are being robbed by a tremendously negative real interest rate on savings for at least 2-3 years by now. Nobody seems to bother. Amazing, because this implies a transfer of wealth from the poor to the rich of a few percent per year.

http://www.machinebouw.net/Nieuws/72825/Industriele-productie-ruim-3--hoger

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