Peter Schiff: Inflation Propaganda ExposedYouTube
Jan. 11, 2013
'People Could Go To Jail': OAN Reports WH Leakers Identified, Trump Set To Fire Three Staffers
Poll: 59% Of Democrats Believe Russia Changed Vote Tallies To Elect Trump
CNN: Manchester Bombing May Be 'Right-Wing False Flag'
Sweden: 70yo Woman Prosecuted For Complaining About Migrants Defecating In The Streets
Full Transcript Of Trump's Call With Philippines President Rodrigo Duterte Leaks
The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets. Modest CPI increases over the past several years do not reflect an absence of inflation, but a design flaw in the index that fails to fully capture the magnitude of price increases. Central bankers drawing economic conclusions regarding inflation and monetary policy based on this highly flawed data point are making a major policy error.
Note: Prices for the twenty items in our basket rose 44.3% during a ten-year period despite an official rise in the CPI of just 27.5% during the same time frame. But that is using official government numbers to evidence those price increases. However, judging by the inaccuracy of government numbers on other items, such as newspapers and health insurance, the actual rate of increase of the prices of the goods in our basket was likely much higher than what the government claimed!