Thursday, April 3, 2008
The GREAT INFLATION COVER-UP & CORRUPT CENTRAL BANKERS
The Great Inflation Cover-Up
Finally agreement that inflation figures published by the government are false. Core inflation excludes everything that is core! - e.g. it excludes housing inflation, energy inflation, food inflation. Precisey what is core if these things are not! It turns out core is the things we rarely buy, e.g. a fridge you buy only once every ten years, a tv you buy only once every 5 years, etc. Interesting these are lower inflation items. Isn't it interesting how they get the lower inflation figures. Deceptively lower inflation, lower interest rates, fast-and-loose monetary policy, asset-price bubbles, high house price inflation.
Posted by bill @ 06:29 PM (420 views)
2 thoughts on “The GREAT INFLATION COVER-UP & CORRUPT CENTRAL BANKERS”
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paul says:
Thats an interesting article.
In the UK of course, we have a similar issue. In fact, looking at the index, the widening disparity indicates that CPI consistently underestimates inflation:
uncle chris says:
The grand deception being played out on the British people is reminiscent of the Mugabe regime – lies, more lies and damn statistics. In any case, the most they can do with their meddling is delay the coming depression – probably GBs intention, although he isn’t going to manage another two years. The true rise in the cost of living will take money out of peoples pockets at a time when the government’s Conning the Public Index (CPI) will mean pay cuts all round.