The story is that they have managed to conceal inflation just like they have managed to conceal the true unemployment rate.
Weekly jobless claims hit highest level in 6 weeks
Published May 16, 2013
Associated Press
Which only means that Fed profligacy is being mopped up by decreased monetary velocity. Decreased monetary velocity is a vote of “NO CONFIDENCE” in gubmint policy.
The Fed has no clothes.
I hear that everyone is cashing in their IRA’s and 401k’s, but I don’t see any indication of that anywhere. The stock exchange keeps going up with all the worthless government scrip money that the treasony department is pumping into it, something like 85 billion dollars a day. The DOW is riding on a column of air and when the government quits huffing and puffing to keep it up, it’ll come crashing down.
Proving the theory that figures don’t lie if liars don’t figure.
There is no way inflation is low. It is out of control.
I don’t know how any HONEST person can exclude food from the inflation numbers as that is something 100% of the human population needs to survive.
Housing prices are on the rise and almost all of us need housing.
Fuel prices are still much higher than when the POS took over the WH.
Prices on metals are through the roof.
Without gutting the entire Federal government we will never be given honest numbers because too many of the gimme, gimme programs are tied to inflation and if the real inflation numbers were used the government would need more of the money it does not have to pay out.
Who are you going to believe, the government or that lying cash register?
Money growth is too low and we’re starving for credit.