Pinching is painful
The signs of an economy that is out of control include rapid currency devaluation, rapid rise of basics such as fuel, a rising debt and a threat by another nation to “sell off” their holdings of your currency. Our neighbour is showing all of these, and we’re being sucked into the vortex.
I’ve watched the price of gasoline jump back up to $1.09 per litre in the last couple of days, at a time when our own dollar is at its highest relative value in my lifetime. No lessening of the economic pressure cooker, even though my own salary has been locked to somewhere below inflation for better than a decade. Am I feeling pinched? Only where it hurts.
I listened to Rex on the weekend, and his panel discussion of taxation policies brought home the sad fact that I am part of a wage class that will spend every cent I earn during my lifetime while the taxman is able to impose its heavy hand on all of it. So much for optimism. I’m taxed at source, and then I’m taxed on whatever is left. Double whammy time. At least the lowly pork chop is still within reach of my food budget, and my shoes are holding up against the frequent rains.
We were out to the mall, out of boredom and all I bought for myself was a catalogue.
