Posted on 06/13/2021 3:47:12 PM PDT by Roman_War_Criminal
Inflation is making headlines all over the country, but the mainstream media is not being honest about the true severity of the crisis. We are being told that the official rate of inflation is still in single digits, but what we aren’t being told is that the way inflation is calculated has changed dramatically over the years. In fact, according to Forbes “the government has changed the way it calculates inflation more than 20 times” over the past 30 years. The rate of inflation directly affects so many other things in our system, and the government would like to keep that number as low as possible. So they tinkered and tinkered with the formula until they got it just where they wanted it.
But even with the highly modified formula that they are now using, the rate of inflation still rose at the fastest pace in almost 13 years last month…
The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year earlier. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.
The reading represented the biggest CPI gain since the 5.3% increase in August 2008, just before the financial crisis sent the U.S. spiraling into the worst recession since the Great Depression.
We all remember what happened in the months following August 2008.
Hopefully we will not have a repeat of that.
Of course the truth is that consumer prices are not just rising at a 5 percent rate in the United States right now.
According to John Williams of shadowstats.com, if the rate of inflation was still calculated the way that it was back in 1990, it would be above 8 percent right now.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Not if you listen to the likes of Robert ReichIdiot......
Welcome back, Carter.
Financial executives use the “expansion of the money supply” to calculate their cost of living increases in their employment contracts.
Pray a currency collapse does not accompany inflation ( it does if debt climbs), it did not happen during Carter’s days ( I was there), but is a certainty under Demented Joe’s rule. We are living in corrupted times, it is my OPINION a currency crisis WILL occur, sooner than later....there is nothing clean and pure about Biden and his Godless advisers. Prepare accordingly.
For those not familiar with meltdowns ( I am) , inflation is just one ingredient, the spike through the heart is a currency crisis + inflation = certain economic death. stay tuned.
It’ll affect the entire world when it happens.
Nobody will be safe and there won’t be anywhere to run to IMHO.
It’ll affect the entire world when it happens.
Nobody will be safe and there won’t be anywhere to run to IMHO.
———
Not true, the USD is still the prettiest pig currency, but when it fails the Chinese Yuan will fill the void. Don’t laugh as many do at that thought. They have been stockpiling gold with the intention of backing the Yuan with gold and all the copper, silver, rare earths, commodities ...when I was in Colombia they had bought numerous mines, they have done the same in Canada, and Africa. They have positioned themselves in world wide commodities ownership, they have the largest unencumbered Shanghai gold trading exchange ( it now beats our Crimex and the London market)
...and their Treasury bonds just recently outpaced US bond markets paying out more in interest. The financial shift from west to east starts 2027/28. This is not my opinion, many financial greats are predicting the shift if the US and west keep piling on the debt.
....China has already recovered from the Covid hoax, their GDP growth this year to date is an astounding 18.1 percent....my advice, learn Chinese.
Yeah there's inflation alright. And gasoline is up $1.25/gal since the idiot in the White House and his cackling hen Spread Eagle took over. They've royally f'ed up this country.
This looks like our future. We Buy Gold and Silver
Note that one gram of gold at todays price ($1865) equals 20 million bolivars.
The Fed says inflation is "temporary" (cough).
Act accordingly.
The powers that be report inflation minus food and fuel, so all the news is good.
My barometer is brisket. I cooked a 10 pounder last January. It cost $32. Now that same 10 pound brisket is $57.
Good thing they aren’t looking at food prices.
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