Posted on 06/12/2021 2:53:52 PM PDT by blam
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.
(snip)
(Excerpt) Read more at ussanews.com ...
2%,
Ah,
The good ol’
Days!
.
Screw Em!
Right now, where is a good place to invest if you have a lot of cash?
Stock? Too late for metals? Too late for real estate?
I saw this:
Real Interest Rates Suggest It's A Good Time To Buy And Hold Gold
CAUSED BY THE RATS AND THE ILLEGAL GOVERNMENT WE ARE UNDER
That is kind of the point, because once you add more than common sense items, mostly sold in standardized sizes, the list is both endless and individual. So the best bet is to use an add-on “guesstimate” on top of the calculated amount.
Many years ago I did comparison shopping at different grocery stores, of a long list of items I normally purchased, and was able to reach generalizations of each store.
One was most expensive across the board.
One was least expensive across the board.
One was best for bulk purchases of mostly staples.
One was best for purchases of produce.
One had best selection and lowest prices for meats.
Thus, with just a bit of prior planning, by shopping at different stores, despite using some time and gasoline, you could save thousands of dollars every year.
Which brings us back to trying to calculate the inflation rate. Oddly enough, it does not have to be too accurate, as for once it is not about you *saving* money; but being fair to someone you are paying for labor.
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