john williams runs was always the one that measured real inflation remember he removed all they had donek adjustments now so we never actually see inflation in the fischel numbers but wolf richter at wall street dot com i think has figured out that where you're starting to see it and that is what's behind the sub prime consumer loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok we've got a situation in sub prime consumer loans the delinquency rate on credit card loan balances at the nearly $5000.00 smaller commercial banks in the united states this means all banks except for the largest $100.00 is blowing out according to federal reserve data and the 3rd quarter the delinquency rate at these banks rose to 6.25 percent that's even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. the largest banks have a delinquency rate of 2.58 percent so half of what you're seeing in t

go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the inflation numbers if something is rising in price a lot they cut it they don't report if they don't put it in the basket of c.p.i. don't put in the basket of the inflation index that they use to report on inflation health care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing price health care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. to get to work you need a car to get to the hospital and these are things that are not included in the basket so now the missing inflation number has been found it's in the collapse all of these loans sub prime and auto sub prime. consumer credit and so now it's going to be almost impossible for those out there like that any bush lauer's of the world and other fed chairman and other central bankers to say oh there's still inflation is don't pleasure no that'

these billionaires so should they target the fat instead should we get back this ill gotten wealth donek one of the biggest tax you suppose throughout history has being the stealth tax that is information that is the debasement of money and it's a tax that united railed against. milton friedman cooled it taxation without legislation and yeah they'd be as well to sort out their current series they would to be taxing billionaires and do you know let me ask you a question you know where you get the expression daylight robbery from you know. we get it from we used to have a thing in the in the u.k. called window tax and in fact throughout europe where people were taxed on our window and this tax went on in the u.k. for 17180 years and wanted peace finally debated whether this tax was a good or bad thing in parliament they cried out daylight robbery daylight robbery and that's because in order to avoid paying tax many people locked up their windows and this was no small sacrifice to cool see no snakes there was no electricity not even gas and electric. lighting and we live with tallow candles

john williams runs was always the one that measured real inflation remember he removed all they had donek adjustments now so we never actually see inflation in the fischel numbers but wealth richter at wall street dot com i think has figured out that where you're starting to see it and that is what's behind the sub prime consumer loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok we've got a situation in sub prime consumer loans the delinquency rate on credit card loan balances at the nearly $5000.00 smaller commercial banks in the united states this means all banks except for the largest 100 is blowing out according to federal reserve data and the 3rd quarter the delinquency rate at these banks rose to 6.25 percent. that's even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. the largest banks have a delinquency rate of 2.58 percent so.

john williams runs was always the one that measured real inflation remember he removed all the hit donek adjustments now so we never actually see inflation in the fischel numbers but wolf richter at wall street dot com i think has figured out that where you're starting to see it and that is what's behind the sub prime consumer loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok we've got a situation in sub prime consumer loans the delinquency rate on credit card loan balances at the nearly $5000.00 smaller.