Liars and damn liars

[Yadkin]

I've been saying it a while now, that whatever the inflation rate the Brandon Administration claims, double it for the real number. My theory has been proven correct...

A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation.

The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department data showed Thursday. From a month earlier, the core CPI climbed 0.6% for a second month.

The overall CPI increased 0.4% last month, and was up 8.2% from a year earlier.

https://finance.yahoo.com/news/core-...123213300.html

But if calculated on Carter-era methods:

The ShadowStats Alternate CPI Annual Inflation Index level (1980 Base) broadly has been confirmed by the general movements of, and increases in the Price of Gold since President Nixon closed the Gold Window in 1971. That will be reviewed and detailed anew in the pending Commentary. Designed to reverse the inflation-reduction methodological gimmicks of the early 1980s, and after, the headline ShadowStats Alternate Inflation Index in the September 2022 CPI-U continued to soften, easing to 16.4% year-to-year...

http://www.shadowstats.com/

[GTOguy]

The 40%-100% more I'm paying for food and electricity and the 150% more I'm paying for gasoline this year would seem to bear this out. My weekly grocery bill went from an average of about $93 (for the last 4-5 years) to about $165, and now, about $205 in this past month.
I wonder what the people who didn't plan for this shit are doing?

[Vette40th]

If you are a shopper and keep receipts you can see it well before its posted. But, hey, No more mean tweets.

[Torqaholic]

Probably paid 10% more for my last cart of groceries than I did previously. Not an earth shattering change but the fact that inflation lacks a specified endpoint is more than a little problematic. Even a braindead lib shouldn't want to be going down this road but they have tunnel vision and are stuck on wanting to destroy our system, can't see they're digging their own grave.

[Yadkin]

Originally Posted by Ill Duce

Democrats claiming to be for the poor and working class is the biggest lie ever

Inflation hurts people without investments the most. Like Social Security, guarantees that there will always be poor to vote Democrat.

[Dan47]

Problem is they (government/central bank) have placed our Nation in an impossible position, with no painless way out. Mises’ said as much many years ago:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” — Ludwig von Mises

So if they return to QE/interest rate suppression, we will experience ever higher price inflation and eventually have a currency crisis, i.e. hyperinflation. If they continue to raise rates, we will have a deflationary spiral as our over indebted economy cannot meet its obligations at interest rates remotely near levels that would resolve price inflation. Either results in an economic Depression for the record books.

The question IMO is, did they do this on purpose? And I believe they absolutely did. Nothing like a “crisis” to impose changes on society that would be impossible otherwise. Their ultimate goal, simply appears to be power over the rest of us?

Best strategy IMO, is to be as independent of the system as you can and move to a State with a decent government, (if you don’t already live in one). Still going to be ugly but best chance to thrive, resist these global psychopaths and maintain the ideas our Republic was founded on.

Even reading my own words makes me feel like a pessimistic, doom and gloomer. Could be wrong? Time is telling.

[Vette40th]

The government needs to curb spending, and to let the people spend their money on their wants and needs.
Government has been spending tax collected moneys on unnecessary items for decades. Pet projects for each states senators and congressman. Just utter crap.
Social Security needs to wither be volunteer or back to its original intent, savings for the said person. Not their spouse, SSDI or any offshoot program..For example

[Yadkin]

Originally Posted by Dan47

Problem is they (government/central bank) have placed our Nation in an impossible position, with no painless way out. Mises’ said as much many years ago:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” — Ludwig von Mises

So if they return to QE/interest rate suppression, we will experience ever higher price inflation and eventually have a currency crisis, i.e. hyperinflation. If they continue to raise rates, we will have a deflationary spiral as our over indebted economy cannot meet its obligations at interest rates remotely near levels that would resolve price inflation. Either results in an economic Depression for the record books.

The question IMO is, did they do this on purpose? And I believe they absolutely did. Nothing like a “crisis” to impose changes on society that would be impossible otherwise. Their ultimate goal, simply appears to be power over the rest of us?

Best strategy IMO, is to be as independent of the system as you can and move to a State with a decent government, (if you don’t already live in one). Still going to be ugly but best chance to thrive, resist these global psychopaths and maintain the ideas our Republic was founded on.

Even reading my own words makes me feel like a pessimistic, doom and gloomer. Could be wrong? Time is telling.

Their goal is socialism/ communism. By selling our debt to China, and now means of manufacturing, bankruptcy is inevitable, and will end in receivership.

[Onebadcad]

REAL INFLATION is what I pay for the goods I buy, NOT what some gov loser in a comfy job is told by the socialist administration.

I grocery shop at least one a week and hit Costco 2 or 3 time/month, and eat out for lunch every weekday.
That gives me enough data to figure out how my buying power is being lessened, again, no need for lying pols to tell me.

My best guess, since last summer, is that consumer prices have increased 25+%, as nothing is cheap, EVERYTHING has increased, not 10% or 15% annualized, much more, AND SADLY IT WILL CONTINUE TO GET WORSE FOR A LONG TIME, NOT SURE IF WE WILL EVER SEE BETTER.

Someone needs to let depends joe know he has already secured his spot as the very worst potus EVER, he can lighten up.