Peter Schiff: Inflation Propaganda ExposedYouTube
Jan. 11, 2013
FAKE NEWS: Trump Never Said There Was A 'Terror Attack' Last Night In Sweden
Denmark: Resolution Passed to Prevent Danes From Becoming a Minority
CNN's Don Lemon Freaks Out, Ends Segment After Being Called 'Fake News'
Chelsea Clinton 'Horrified' By Detention of Six-Time Deported Illegal Alien Domestic Abuser
Spain: 500+ African Migrants Celebrate After Breaking Through Border Fence
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!