Posted on 06/20/2014 8:49:31 PM PDT by george76
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high.
In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.
But you would never know that listening to Federal Reserve chair Janet Yellen.
...
median household income in the U.S. is now about 7 percent lower than it was in the year 2000 after adjusting for inflation.
And if realistic inflation numbers were used instead of the government-manipulated ones, it would look a lot worse than that.
Inflation is a hidden tax that all of us pay, and it is systematically eviscerating the middle class.
(Excerpt) Read more at zerohedge.com ...
Yesterday I stopped and got “fast food,” which for me is a whole roast chicken. I used to being them home for dinner, then use another portion to make salads, then the remainder would be torn up for chicken soup. The chicken I got yesterday was the size of a game hen. It actually fit in a salad bowl. I got two extra salads out of it, but nothing left over for soup. And it was the same price as always.
I’m not the grammar police. Just having a little fun with you on a FRiday night. I’ve have my own list of bloopers, too :)
And just having fun in return. With almost 20K post, I have done my best to look stupid on more that one occasion. LOL!
Always eat a big meal before shopping for food. That way, the smaller portion per price ratio, while just as real, doesn’t feel as drastic.
Who is John Galt.
While you’ve done your best to look stupid, a lot of people don’t even have to try.
LOL! I guess ... LOL!
Plant a garden and get some laying hens.
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Just make sure Thad Cochran doesn’t have access to them or some indecent acts may happen!
Wife and I are in the same boat. Every month we’re dipping into our savings. If we scrimp all we can we’ll run out of savings in about 4 years. And that’s only if nothing major breaks like the AC or the car or our bodies. I know we’re better off that a lot of people and we’re grateful for that. But it’s getting very scary. And it’s going to get worse before, or if, it ever gets better.
By excluding those two item categories from the CPI, the Federal Government has essentially made the COLA's for local, state and federal pensions and Social Security disappear.
What's left in the indices? Basically, only durable goods and a number of related items under serious deflationary pressure because of currency manipulation by the Chinese.
We had a roasted chicken last night, left over veggies tonight and chicken salad tomorrow. That chicken doesn’t go as far as it used to. I just wish I could cook one like they do in the stores.
We’ve cut out deserts and may have no more than one coke a day. But the bill keeps going up.
I used to buy a twelve pack of beer for less than $5.00. I don’t drink anymore but I don’t understand how anyone can afford to drink today. Same with smoking. I quit 5 years ago. There’s no way we could afford to smoke today. I don’t know how the average person can afford to smoke or drink.
Add a herb garden
Encyclopedia of Medicinal Plants, by Andrew Chevallier
Maybe grow some hemp...
Try skipping carbs and sugar. Remember that Food Pyramid? Guess what?
Total B/S. per the Centers for Disease Creation.
Very good point. I too have noticed how the retail packaging of food has resulted in smaller quantities of food, at higher prices! Smaller everything was tried to hid the inevitable price increase. You pay more for less.
Chocolate and peanut butter are two funny examples. They have marketed both with an old trick. They inject air bubbles that reduce the weight of the product. Product is sold by weight, so WOW, you pay more for less!
They even promote it as somehow adding flavor to the product!
AIR changes the taste? Oh geez, these marketers really know how to BS the public!
Just got 4 new Auracuanas, the Easter egg chickens. They lay light green shelled eggs!
Also rather neat is that CPI determines retirees' COLAs.
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