Hiding Rising Costs of Food Interview with Charles Goyette

While government officials state inflation is well under control, families around the nation are still feeling the effects of higher prices at the supermarket. Several essential goods for living have continued to experience rising prices, squeezing family budgets.

For many products, manufacturers are reducing the quantity or quality of their goods to keep prices stable. Bags of sugar that once weighed five pounds now offer just four pounds for the same price. Boxes of cereal have been redesigned to hold less food in a box that appears to be the same size. The situation became pronounced since the global economic crash of 2008.

Charles Goyette is our guest on the show today. He is a well-known commentator, known for his outspoken views on the economy.

Goyette is here to talk to us about rising prices for staples like food, and how they relate to federal policies. We will discuss the causes behind rising prices, and why we don't hear about it in official statements. We will discuss how prices could change over time, as well as identifying who is behind these increases.
Charles Goyette has long been known in Phoenix as "America’s Most Independent Talk Show Host!" With years of hands-on experience as an investment professional, he brings a welcome dimension of foresight and clarity to his political and economic commentary. Goyette has been called on often to share his views with television audiences nationally on CNN, Fox News, MSNBC, and PBS, including on The O’Reilly Factor, the popular PBS program NOW with Bill Moyers, and as a frequent guest on Lou Dobbs Tonight on CNN, repeatedly warning before the current economic turmoil of the "economic calamity the Republicans and Democrats" were creating.  Longtime financial professional Charles Goyette discussed the continued devaluation of the U.S. dollar, and how he sees this crisis unfolding for the average American. Over the years, the dollar has lost 96% of its purchasing power, he said, and the current rise in the price of gold reflects the fall of US currency. America has a staggering amount of debt--$1.3 million for every family; these debts will be accrued in some manner-- typically by fleecing the middle class, he warned.

The U.S. is moving away from being a "free economy" which depends on agreement and produces prosperity, Goyette noted. Instead, we're seeing a movement toward a "command economy, " he said, which produces shortages, and is run by "coercion," with resources, production, and consumption directed by a central command such as boards, commissions, and administrators. What has been taking place in industries such as insurance, automotive, banking, and health care are all examples of the "command economy," he detailed.

While credit card companies are slashing people's credit and forcing them to save, banks aren't offering any incentive for savers with their low return rates, he reported. As the dollar continues to be worth less, Goyette advised people to put some of their investments in gold and silver, and also consider other opportunities such as agricultural and natural resources.