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Why offcial CPI is bunk

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  • Why offcial CPI is bunk

    Peter Schiff explains why the CPI is likely false, why government relies on this false metric to measure inflation, and why inflation is likely much higher (likely in the double digits already). He outlines this at 35:36, but if you just want to get to his laundry list of reasons why government lies about it and how it benefits them, it starts at about 39:00...

    "What am I doing here?" -- Joe Biden 2021

  • #2
    The government has been playing games for years hiding the real rates of things like inflation and unemployment.

    I'm always still in trouble again

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    • #3
      Originally posted by rogue06 View Post
      The government has been playing games for years hiding the real rates of things like inflation and unemployment.
      At a guess, about 30 years, if there is any alignment between the systems in Australia and America. Here, it was then that such things as housing prices and rentals, and (I think) fuel costs (you know - the things that have the greatest immediate impact on the cost of living) were removed from the CPI calculations.
      sigpic1 Cor 15:34 εκνηψατε δικαιως και μη αμαρτανετε αγνωσιαν γαρ θεου τινες εχουσιν προς εντροπην υμιν λεγω

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      • #4
        Originally posted by rogue06 View Post
        The government has been playing games for years hiding the real rates of things like inflation and unemployment.
        This is true, only these facts seem to change on a partisan basis depending upon which partisan side is ruling the WH at the time. But these facts about skewed economic data remain the same regardless of who's in the WH, and they've been magnified ever since the crash of 2008.
        "What am I doing here?" -- Joe Biden 2021

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