All of which means I will probably have to keep working until I collapse at my desk.
Apparently, inflation only exists if it is reported. We’ve had massive inflation in food, for example; little of it shows up in the CPI.
So if they don’t report inflation, it does not exist. Just like the death of millions of soldiers in WWI.
Good article but the author is apparently being duped by the fudged government inflation stats.
The real inflation rate:
http://www.shadowstats.com/alternate_data/inflation-charts
Dear NumbNuts at the Market Oracle, either you are very young or very naive and stupid. Inflation has been the Game Plan since August 15, 1971 when President Nixon Closed the Gold Window, thereby allowing the Commercial Banks through the Non-Federal Non-Reserve System to PRINT MONEY WILLY NILLY without ANY CONSTRAINTS whatsoever. I have carried 2 Silver Dollars in my pocket since that time that received for 2 paper Federal Reserve Notes, today it takes 35 Paper Federal Reserve Notes to purchase 1 Real Dollar in Legal Tender.
What is important is not the price of goods and services expressed in dollars, but expressed in hard commodities. For example, if you look at the value of the stock market in dollars it seems to be, after a fashion, maintaining its value.
However, Google the term "Dow in gold dollars" (aka "DIG$"), and your eyes will be opened! .. In fact, here it is - this shows how the value of the DOW has changed in terms of something of constant value:
I just refi’d @ 3.75 for 30 yrs with no points.
I plan to repay with Baraqqi/Bernanke minibucks.