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of oil like frying oil. that s an insane that s like tripled in price. so that s been crazy. the highest inflation in 40 years i, highest inflation in 4a years. so the official numbers which of course bearum no resemblance to the day to day reality, everything is mucher more expensive. and that s especially true of the big things. the big things are o the most expensive of all the why is that simple? the declining power of us currency has created an unprecedented asset bubble . that means investors around the world are rushing to convert increasingly worthless u.s. dollars into objects that might hold valued over time. so anything tangible costs a lot more , a lot more than it did a year ago. there s noo mystery in this. this is exactly what happensn when you pump too much money into an economy. the money becomes worth less son where is this going?fo how is it going to unfold? nobody believes the interest
develop a plan to restructure citi bank during the banking crisis two years ago. yesterday, geithner defended himself at the white house briefing. i haven t read this book, but to borrow phrase, i live the reality. the reports i ve read about this book bear no resemblance to the reality we live together. no resemblance. geithner went on to call the book a complication of, quote, sad, little stories. white house press secretary jay carney also took the opportunity to dismantle the credibility of the book. what we know is that very simple things, facts that could be ascertained, dates, titles, statistics, quotes, are wrong in this book. so i think that in fact, one passage seems to be lifted entirely from wikipedia. based on that, i would caution anyone to assume that if you can t get those things right