You could have read it here first!
Check out this article from 2nd January by the excellent Gary Dorsch, where he quotes Germany’s Bild am Sonntag, where Axel Weber the Bundesbank chief states that "high energy and food prices would keep inflation elevated through the first half of 2008, but warned European workers not to ask for higher wages to compensate for the higher cost of living." You could have read that here two months ago on my Wednesday 31st October 2007 8pm entry! It will not be a wage-price spiral, just a price spiral. This will be one of the ways that the general public will be fleeced and made to pay for the iniquities of the banking and credit system that are finally beginning to be exposed, bit by bit.