Originally posted by seanD
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Why offcial CPI is bunk
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This video is actually much better and more in-depth about the CPI and inflation. In the first 32 minutes Schiff explains how the government disguises inflation in the CPI number, the faulty metrics they use and metrics they used to use that they don't use anymore.
A lot of people know about "shrinkflation," where the quantity or quality of a product or service diminishes that allows the company to save money without raising prices, something the CPI obviously doesn't measure. But there's also home prices and "owners equivalent rent" that skews the inflation number and he goes into detail about.
Then around the 32 minute mark he reiterates why a low CPI number benefits the government, and goes into more detail here than the first video. Yes, there are a few short commercial breaks that are kind of annoying, but the information he gives is worth it IMO...
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Originally posted by rogue06 View PostThe government has been playing games for years hiding the real rates of things like inflation and unemployment.
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Originally posted by rogue06 View PostThe government has been playing games for years hiding the real rates of things like inflation and unemployment.
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The government has been playing games for years hiding the real rates of things like inflation and unemployment.
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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...
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