This page has been archived and commenting is disabled.

No Inflation In December BLS Says

Tyler Durden's picture





 

The December CPI is out, and according to the BLS, or more specifically, it's X-12 Arima reality processors, there was no inflation in the past month, with headline CPI printing at 0.0%, as expected, and up from a 0.3% deflation in November. Excluding food and gas, CPI rose 0.1%, less than the expected 0.2%. Compared to a year ago, inflation was a tame 1.7%, the BLS would like you to believe, and 1.9% ex food and energy. Luckily these numbers exclude such soaring in price items as education, and it certainly excludes a proxy for reserve inflation such as the stock market, which while certainly not a part of staple purchased goods, shows just where the free Fed money is going. As such, the S&P is as good a proxy of real, free money generated "inflation", as anything else. Naturally, once the stock market bubble pops, things will change, but for now why buy food when one can buy FUD and pray there is a greater fool to sell it to in a day or to. The biggest reported change in inflation Y/Y is in the price of medical care services which increased 3.7% compared to December 2011, and Utility gas service, which in turn declined by -2.9% from a year earlier. Finally, for those confused why producers see the need to dilute coffee and bear, and add just a little more than the RDS of horse meat to burgers, the reason is that food at home prices increased by 1.3% in 2012, while dining out has gotten a whopping 1.8% more expensive. That's right: the price of the food you eat at home has increased by 1.3% in the past year - so says the BLS which apparently like the Fed, only eats hedonically adjusted iPads.

Some charts:

And from the report:

Year in Review:

The CPI rose 1.7 percent in 2012 after a 3.0 percent increase in 2011. This was the third smallest December-December increase of the past ten years and compares to a 2.4 percent average annual increase over the span.

The energy index increased 0.5 percent in 2012, a sharp deceleration from its 6.6 percent increase in 2011. The gasoline index rose 1.7 percent in 2012 after increasing 13.8 percent in 2010 and 9.9 percent in 2011. The household energy index declined in 2012, falling 1.1 percent after increasing 1.8  percent in 2011. The fuel oil index rose 3.6 percent in 2012, but the electricity index decreased 0.5 percent and the index for natural gas fell 2.9 percent, the fourth straight year it has declined.

The index for food rose 1.8 percent in 2012, a deceleration from its 4.7 percent increase in 2011. The index for food at home rose 1.3 percent in 2012 compared to 6.0 percent in 2011. Five of the six major grocery store food group indexes rose in 2012, with increases ranging from 0.5 percent (dairy  and related products) to 2.0 percent (other food at home). The nonalcoholic beverages group was the only index to decline, falling 0.2 percent. The index for food away from home rose 2.5 percent in 2012 after increasing 2.9 percent in 2011.

The index for all items less food and energy decelerated slightly in 2012, rising 1.9 percent after a 2.2 percent increase in 2011. This matches the average annual increase of 1.9 percent over the past ten years. Several indexes decelerated in 2012. The apparel index, which rose 4.6 percent in 2011,  increased 1.8 percent in 2012. The index for new vehicles increased 1.6 percent in 2012 after rising 3.2 percent in 2011, and the medical care index rose 3.2 percent in 2012 after a 3.5 percent increase the prior year. The index for airline fares rose 2.1 percent, the tobacco index increased 1.9 percent, and the recreation index rose 0.8 percent; all of these increases were smaller than in 2011. The index for household furnishings and operations was unchanged in 2012 after rising in 2011, and the index for used cars and trucks turned down in 2012, falling 2.0 percent after increasing 4.0 percent in 2011. In contrast, the shelter index accelerated in 2012, rising 2.2 percent after a 1.9 percent increase in 2011. The index for rent rose 2.7 percent and the index for owners’ equivalent rent increased 2.1 percent.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 01/16/2013 - 09:59 | Link to Comment achmachat
achmachat's picture

no inflation!

the Bernank can continue with QE for as long as he wishes! woohoo!

Wed, 01/16/2013 - 10:06 | Link to Comment Pladizow
Pladizow's picture

Fuck the BLS, my 5 Guys Burger just went from $5.77 to $6.09 - a 5.25% increase!

Wed, 01/16/2013 - 10:07 | Link to Comment economics9698
economics9698's picture

My 7.62 rounds went up 25%.  BS on this.

Wed, 01/16/2013 - 10:36 | Link to Comment NotApplicable
NotApplicable's picture

Bear dilution, bitchez!

Wed, 01/16/2013 - 10:42 | Link to Comment TerminalDebt
TerminalDebt's picture

Bureau of Lying Shits

Wed, 01/16/2013 - 12:55 | Link to Comment Mr. Magoo
Mr. Magoo's picture

Lighten up its just a little Wednesday humor from our buds at BLS. Isn't it??????????

Wed, 01/16/2013 - 10:44 | Link to Comment Bad Attitude
Bad Attitude's picture

BLS doesn't measure gun and ammunition prices... which have at least doubled... when you can find them.

Wed, 01/16/2013 - 11:25 | Link to Comment TerminalDebt
TerminalDebt's picture

even if they did they would have already replaced guns with slingshots and ammo with sheepshit in the bag of common goods you buy.

Wed, 01/16/2013 - 14:13 | Link to Comment pinqy
pinqy's picture

They do, actually. They fall under "sporting goods." Small enough consumption (remember, the CPI measures URBAN AREA PRICES) that guns, ammo, scopes etc don't get their own index.

Wed, 01/16/2013 - 11:37 | Link to Comment BandGap
BandGap's picture

No shit, I tried to get bulk ammo on line yesterday - bulkammo.com, LuckyGunner.com, Cheaperthandirt.com, etc. ALL of them were out of bulk 9mm and .38 special ammo. Ended up paying about double for my needs. Things gettin' crazy!

Wed, 01/16/2013 - 10:08 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Just don't buy anything and you won't have to pay more.

Wed, 01/16/2013 - 10:41 | Link to Comment CPL
CPL's picture

You figured out how they munged their numbers as well. lol!

 

With less people buying in comparison to whatever mean price they found, inflation wouldn't rise either, until you counted how many people were really buying stuff instead of looking at the cross section of the gross number.

 

The numbers are auspicious...and well masked for public consumption.

Wed, 01/16/2013 - 11:46 | Link to Comment derek_vineyard
derek_vineyard's picture

my favorite lunch special is now 7.95; which is more than my minimum wage, so i eat my bean or potato burrito

Wed, 01/16/2013 - 12:55 | Link to Comment cornedmutton
cornedmutton's picture

No December inflation, huh?

Perhaps the BLS can explain why milk is now $4.29/gal where I live then.

Wed, 01/16/2013 - 10:09 | Link to Comment yogibear
yogibear's picture

Of course if the real inflation was 75% it would be a stretch to hear them say 5%.

Way too many government obligations tied to the CPI.

Look at how packaging has decreased in size, yet the price remains the same. Everyone is playing that game. Very few people mention or notice a couple of ounces chopped off.

Wed, 01/16/2013 - 10:11 | Link to Comment pods
pods's picture

Most people will happily grab those smaller packages.

"Healthy portion" , "100 calorie pack" 

"Pay more for less pack" is what they need to be called.

pods

Wed, 01/16/2013 - 10:45 | Link to Comment Shizzmoney
Shizzmoney's picture

The "Pauperization of America" continues, pods.

Data austerity is already happening with most mobile providers.

Sadly, we won't notice until it hits us where it counts:beer (which is kind of is http://deadspin.com/5762026/the-oakland-as-serve-the-most-expensive-ounc...)

Wed, 01/16/2013 - 11:00 | Link to Comment pods
pods's picture

The newest version of this scam I have seen is the low calorie orange juice. 

Take orange juice, dilute 50:50 with water an voila, 50% of the calories of regular orange juice.

(the same is true for the mid grade gasoline IIRC, it is a 60:40 blend of cheap:high test.  But you pay for a 50:50.

pods

Wed, 01/16/2013 - 10:13 | Link to Comment Eireann go Brach
Eireann go Brach's picture

Whatever Obama or the govt says, means the opposite! No inflation, there is inflation, economy is improving, it's not improving!

Wed, 01/16/2013 - 10:19 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

see Ben told you...there aint no inflation...

now, shut up and pass me that bag of Lays that cost $4.99 and has only 2 mother fucking chips in it...

BITCHEZ........................................................

Wed, 01/16/2013 - 10:07 | Link to Comment Cult_of_Reason
Cult_of_Reason's picture

What did you expect after Wal-Mart slashed prices on iPhone and iPad?

 

Of cause there is no inflation, everyone, not only NY Fed Goldmanites, substitutes an iPhone for a loaf of bread.

Wed, 01/16/2013 - 11:26 | Link to Comment NidStyles
NidStyles's picture

Anything with an MSRP is highly inflated in price already.

Wed, 01/16/2013 - 10:02 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Crash upwards and fudge all the data that says otherwise... Land of the Free, Home of the Brave... Just be sure to buy the dip.

Wed, 01/16/2013 - 10:03 | Link to Comment inevitablecollapse
inevitablecollapse's picture

anything that comes out of .gov, various 'beaureaus', etc. is absolutely bunk - i don't need the BLS to tell me that a 40 of mad dog 20/20 has increased by at least 10% over the last year

Wed, 01/16/2013 - 10:03 | Link to Comment HD
HD's picture

Yup. Every central bank on the planet can print to infinity and it's all good, no inflation. I'm a fool to worry about such things. A fool.

Wed, 01/16/2013 - 10:06 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

".....and according to the BLS, or more specifically, it's X-12 Arima reality processors, there was no inflation in the past month..."

Can't find what ya ain't looking for.

http://www.shadowstats.com/alternate_data/inflation-charts

Wed, 01/16/2013 - 11:01 | Link to Comment kridkrid
kridkrid's picture

Can't find what ya ain't looking for... Exactly right. Lies, damn lies and statistics. The last chart mapping inflation as measured in 1980... Of course that's close. On average, 7-8% will get double prices every 9-10 years. Remember when candy bars were a quarter? Then 50 cents, then a dollar and now something closer to two? If the govt numbers are correct, at 2-3%, prices will double in 25-35 years. That candy bar should cost fiddy cent.

Wed, 01/16/2013 - 10:03 | Link to Comment madcows
madcows's picture

Again, I track every monthly expense.  YoY food inflation was 14%.  BLS is make-believe.  Sadly, reality will call their bluff.  It's only a matter of time.  See other zerohedge stories about folks raiding their 401k's to pay bills. 

Overall YoY inflation tracked at 14.2%. 

Wed, 01/16/2013 - 10:06 | Link to Comment dkd
dkd's picture

No, No you are outright wrong!  And as my initials say, dont know dick

 

Wed, 01/16/2013 - 10:04 | Link to Comment yogibear
yogibear's picture

Just like real unemployment numbers are cooked. Smaller packaging by manufacturers, increases in fees (rail tickets to get to work) and taxes are omitted.

The BLS is doing it's job of misinformation.

BUREAU OF LIES & SCAMS

Wed, 01/16/2013 - 10:39 | Link to Comment hooligan2009
hooligan2009's picture

Horse meat was found to account for about 29pc of the meat in Tesco Everyday Value Beef Burgers. The company said last night that it was immediately withdrawing all fresh and frozen burgers from its shelves, regardless of whether they had contained traces of horse DNA.

wouldnt be a crime in france..oh wait..they actually called it beef...not pink slime consisting of liquidized hoofs, tails, lips, assholes from mostly cattle, but some old horses thrown in, then bleached, colored, flavored and shaped..

Kentucky Fried rat intestines anyone?

Wed, 01/16/2013 - 10:42 | Link to Comment otto skorzeny
otto skorzeny's picture

I believe the scientific term for eating asshole is "tossing salad"

Wed, 01/16/2013 - 11:10 | Link to Comment hooligan2009
hooligan2009's picture

won't catch me bowing to your superior knowledge!

Wed, 01/16/2013 - 10:43 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Ah, brings back fond memories of Jack in the Box 3 tacos for $0.99 in the early eighties. Uninspected horsemeat from Mexico, I had no idea it was so tasty...

Wed, 01/16/2013 - 12:59 | Link to Comment cornedmutton
cornedmutton's picture

Now it's 2 tacos for $0.99.

Wed, 01/16/2013 - 10:05 | Link to Comment q99x2
q99x2's picture

Propaganda being used against the US citizens for their protection.

Wed, 01/16/2013 - 10:05 | Link to Comment dkd
dkd's picture

Yep, hun huh!  

Wed, 01/16/2013 - 10:06 | Link to Comment Inthemix96
Inthemix96's picture

No inflation in Dec then?

Fair play and I know I am in England but N-Power, my gas and electric company put my dual-fuel charge up 16.1% in Dec. 16.1% fucking per cent.  And we are as close to the edge as we can be here.  The inflation is killing us, everything we buy is expensive, and the daft fuckers in government are going for a full frontal assault this year, fuck I hope this ends soon.

Wed, 01/16/2013 - 10:41 | Link to Comment hooligan2009
hooligan2009's picture

i heard your rail fares are going down too...so that should result in a drop in inflation because your season ticket covers perpetual travel and your statisticians are rebasing the travel component to reflect your potential use, right?

Wed, 01/16/2013 - 10:49 | Link to Comment Inthemix96
Inthemix96's picture

Nice 2009,

I have never unfortuatley, put my arse on a train seat so I defer to your knowledge there mate.  I do know, just through my job that some folk here are either heating their homes, or are eating food.  This is coming your way, heads up is all.  This cannot and if I and others like me have owt to do with it end well.  Hard times ahead mate, take my word on it.

Wed, 01/16/2013 - 11:09 | Link to Comment hooligan2009
hooligan2009's picture

woops...strike.."rail fares going down" and insert "rail fares going up"...which kind of makes the rest of my paragraph make more sense too..sorry

Wed, 01/16/2013 - 10:47 | Link to Comment otto skorzeny
otto skorzeny's picture

the service fees on utilities kill you.

Wed, 01/16/2013 - 10:51 | Link to Comment Inthemix96
Inthemix96's picture

We are being pumeled mate, fucking pumeled.

Wed, 01/16/2013 - 10:08 | Link to Comment LongSoupLine
LongSoupLine's picture

Chipolte down hard on "increasing food costs". Grapes at Costco...$7.00. Fuck the CPI and and all the crooked fucks who use it as fucking "viable data". Mostly, the hot shit eating assholes at the BLS and Fed.

Wed, 01/16/2013 - 10:22 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

If the Galactic Empire says food prices are stable........well by hook or by crook they will be stable.

Wed, 01/16/2013 - 10:32 | Link to Comment semperfi
semperfi's picture

Chipotle is my favorite fast-food place - or was - my New Year's resolution #2: cut back 75% on Chipotle & Starbux. So blame me.

Wed, 01/16/2013 - 10:44 | Link to Comment otto skorzeny
otto skorzeny's picture

I love to see people pull out CCs for little shit like McDs and Chipotle-charge it bitchez

Wed, 01/16/2013 - 10:51 | Link to Comment Shizzmoney
Shizzmoney's picture

I'm usually conscious of using a card at SMALL businesses for this reason (the extra surcharge for using the card the businesses get.....I also notice when I order delievery that my food gets to my house a BIT quicker when I pay in "cash").

But since these big corporations get tax breaks I'll never get - fuck it.  Card it, bitch.

Wed, 01/16/2013 - 11:25 | Link to Comment MachoMan
MachoMan's picture

Absolutely...  at local stores it's pay in cash and never ask for a receipt...  for chains and non-yokels, it's swipe the CC all day.

Wed, 01/16/2013 - 10:50 | Link to Comment Shizzmoney
Shizzmoney's picture

I also like Chipotle; however, I am noticing (especially when the Manager/Asst Manger is preparing my food) that they are NOT as generous in making my burrito bowl. 

Each scoop is meticuliously measured to my plate, instead of the "scoop and score" method of filling the bowl up.

A burrito bowl and medium fountain drink, with chicken, was $8.96 last year.  Now? $9.04 (MA). 

CPI my ass.

Wed, 01/16/2013 - 11:58 | Link to Comment XitSam
XitSam's picture

I don't doubt your report, but controlling food cost and portion control has been an important part of successful restaurants for decades.

Wed, 01/16/2013 - 10:07 | Link to Comment ziggy59
ziggy59's picture

BLS, which has one letter too many, leaves out education, insurance, etc. its good at substituting , tho

Wed, 01/16/2013 - 12:32 | Link to Comment pinqy
pinqy's picture

BLS includes education and homeowners/renters/health/car insurance in the CPI. http://www.bls.gov/cpi/cpid1211.pdf 

Wed, 01/16/2013 - 10:07 | Link to Comment Flakmeister
Flakmeister's picture

Oh goody, are you telling me that Frenched racks of lamb at $35 compared to $22 a year ago was a misprint?

Wed, 01/16/2013 - 10:08 | Link to Comment fuu
fuu's picture

Of course there wasn't, everything was on sale for xmas!

Wed, 01/16/2013 - 10:09 | Link to Comment stopcpdotcom
stopcpdotcom's picture

Presumably BLS satnds for 'BuLlShit'.

Wed, 01/16/2013 - 10:08 | Link to Comment ziggy59
ziggy59's picture

Its the Yogi Berra Economy, folks...

No Inflation, just everything costs more..

Wed, 01/16/2013 - 12:40 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And cash is as good as money. Yogi actually said this here.

https://www.youtube.com/watch?v=RG0zS_Rgg68

Wed, 01/16/2013 - 10:10 | Link to Comment drivenZ
drivenZ's picture

hard to spin this but good effort, I guess. 

Wed, 01/16/2013 - 10:45 | Link to Comment Mi Naem
Mi Naem's picture

I see that you have no activity on your website since july last year.  Retired? 

The "Weekly Econ Calendar" has nothing since June 2012.  Did you throw a blog, and nobody showed up? 

Wed, 01/16/2013 - 10:12 | Link to Comment GolfHatesMe
GolfHatesMe's picture

I don't even get any shirt pockets or pant pleats anymore.  It is like the IKEA cheap shit mentality has moved into everything.  Long refuse companies

Wed, 01/16/2013 - 10:17 | Link to Comment yogibear
yogibear's picture

One place to cut is the BLS.

Close the BLS down! Another useless lying BS organization.

Huge costs savings.

Wed, 01/16/2013 - 10:37 | Link to Comment Winston of Oceania
Winston of Oceania's picture

Except that collecting useless data and then lying about it is really all the central planners are good at.

Wed, 01/16/2013 - 10:22 | Link to Comment FLUSA.com
FLUSA.com's picture

My energy cost is way down....I just don't run the AC anymore. Kinda sucks living in Florida without AC but oh well...

Wed, 01/16/2013 - 10:26 | Link to Comment Racer
Racer's picture

And in the UK if you have to drink water... it has gone up by more than 8% since last year!!!

It is now £1.9584 a cubic metre

No not from a bottle.. from a tap

Wed, 01/16/2013 - 10:37 | Link to Comment Mi Naem
Mi Naem's picture

Water, water everywhere, but not a drop to drink. I guess you flush each dump and every 2 or 3 pee's. 

I'm not sure how many gallons go into a cubic meter, but I pay about $9.72/1000 gallons per my last bill, and that includes the imputed sewerage charges. 

Wed, 01/16/2013 - 11:16 | Link to Comment hooligan2009
hooligan2009's picture

from here

http://www.metric-conversions.org/volume/us-liquid-gallons-to-cubic-mete...

US price

1,000 US gallons for $9.72 with 3.8 cubic metres per 1,000 gallons is around $2.56 / cubic meter or £1.60 / cubic meter (coincedentally at fx of $1.60/£)

1 cubic metre for £1.9584 is $3.13 per cubic metre or 82.5 cents per 1,000 US gallons

i now need a drink..(will look out for any and all corrections to my arithmetic)

 

 

Wed, 01/16/2013 - 11:51 | Link to Comment Racer
Racer's picture

I think you have the last set of figures rather low!

Wed, 01/16/2013 - 12:12 | Link to Comment hooligan2009
hooligan2009's picture

must be deflation

Wed, 01/16/2013 - 10:27 | Link to Comment semperfi
semperfi's picture

BLS just renamed BLP - PROPAGANDA.   Its all LIES dammit !

Wed, 01/16/2013 - 10:28 | Link to Comment IamtheREALmario
IamtheREALmario's picture

I am thinking that this would be a good time to take the power to manage prices away from the bankers and let invisible hand of the free market give things a try.

Oh, I suppose that the bankers would have to have their money creation (out of thin air) power taken away, otherwise they would just subvert the free market system again.

Wed, 01/16/2013 - 10:30 | Link to Comment Mi Naem
Mi Naem's picture

Coffee in the morning. and a nice, cold "bear" after work. 

Actually, those home food prices really are kinda funny.  They're not raising prices so much as shrinking the content of the packages.  Anyone here remember when you could go buy a pound of coffee or a 1/2 gallon of ice cream? 

Wed, 01/16/2013 - 10:34 | Link to Comment hooligan2009
hooligan2009's picture

diluted "e"

Wed, 01/16/2013 - 10:35 | Link to Comment yogibear
yogibear's picture

yeah, many people don't realize it. That's the idea. THeir grocery bill skyrockets but their oblivious to it.

Many people don't budget anyway. Use one credit card to pay off the last. 

It's the way the US government works as well.

Wed, 01/16/2013 - 15:30 | Link to Comment hooligan2009
hooligan2009's picture

oreo price inflation holds steady at 5.6% per annum for the last four years (since 2008) and for the last 20 years (from 1992).

adjust the cost per ounces here..

http://www.foodtimeline.org/foodfaq5.html#oreoprices

never mind..i don't even eat oreos...where do you find out how much a basket of bread, milk, cheese, pork chops, coffee, vegetables, salad and soda cost in December 1992, 2008, 2011 and 2012?

 

late edit...woops...madcows did it at 3157282...food inflation is 14.2%..

Wed, 01/16/2013 - 10:39 | Link to Comment rwe2late
rwe2late's picture

Why hasn't the increase in fiat money supply resulted in reported greater price inflation?

One reason is because the BLS understates CPI increases.

Another may be because a significant amount of excess fiat is held by other countries in an attempt to support their export economy (aka export oligarchy).

By doing so, they not only support their respective domestic export-oriented oligarchy, but also in effect subsidize US profligacy and militarism.

Wed, 01/16/2013 - 10:44 | Link to Comment LawsofPhysics
LawsofPhysics's picture

seems like you forgot a rather large reason - debt servicing!!!  The bankers want their interest - money for nothing!

Wed, 01/16/2013 - 11:30 | Link to Comment rwe2late
rwe2late's picture

 If I "forgot" to enumerate all the possible reasons, so have you.

But to relate "debt servicing" to foreign dollar holdings, it should be noted they generally wind up getting a negative interest rate.  

Bizarrely, the more dollars the US prints,

the more foreigners must hold to keep their own currency from appreciating!

Wed, 01/16/2013 - 10:43 | Link to Comment Shizzmoney
Shizzmoney's picture

My wage went down in January.  THAT is inflation.

Wed, 01/16/2013 - 11:39 | Link to Comment MFLTucson
MFLTucson's picture

And the Easter Bunny is coming in April!

Wed, 01/16/2013 - 11:54 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

No surprises here inflation is being hidden in the stock market via quantitative easing.

https://mises.org/daily/6340/Where-Is-the-Inflation

 

Wed, 01/16/2013 - 12:06 | Link to Comment the grateful un...
the grateful unemployed's picture

and TIPS are still selling at negative yield?

Wed, 01/16/2013 - 12:11 | Link to Comment hooligan2009
hooligan2009's picture

you have to add the expected inflation to the -ve yield and you will get, hey presto! the yield on the nominal treasuries with the same maturity.

for example, a -1% five year TIP and a five year nominal treasury of 1% = implied inflation (CPI) of 2%

Wed, 01/16/2013 - 12:23 | Link to Comment 100pcDredge
100pcDredge's picture

And ehm... No Milk Today Herman's Hermits say.

Wed, 01/16/2013 - 12:48 | Link to Comment alfbell
alfbell's picture

Luckily, in keeping with the CPI, not many citizens drive or eat food. Nor does insurance play much of a role in their lives.

This is totally surreal. Add to that the fact that Obama is coming for your guns.

I'm almost at the age to qualify for SS. Was gonna pass on it. On principle. You know... "no thanks, I'll make my own way and don't need your help or support."

But now, as I consider it... hell I'm gonna take it and get paid back for all my SS and other income taxes and grief that I've gotten from the gubbermint.

Wed, 01/16/2013 - 13:12 | Link to Comment robnume
robnume's picture

FOAD, BLS - Bureau of bullshit, lies and scams! Excluding any true numbers of inflation, i.e. food, gas. utilities seems like a real fucking sound way to gauge what's happening to most of us. People having to take money out of their retirement accounts, like we had to do, just to put our kids through college and eat, too, is a sure sign of economic recovery. Someone ought to teach those government fuckers how to do math. Someone ought, also, to take these fuckers out and, at the least, tar and feather them publicly. Bring back public executions for financial criminals. Oops, there goes the whole system! What the hell is that loud sucking noise coming from the beltway?

Wed, 01/16/2013 - 13:25 | Link to Comment robnume
robnume's picture

Bring back public executions, but only for financial criminalsl, like the genius mathemeticians at Bullshit. Lies and Scams, among MANY others. Oops, there goes the whole system! Nuke 'em and start all over again. Wanna buy a Fiat - currency - ?

Wed, 01/16/2013 - 13:25 | Link to Comment alfbell
alfbell's picture

It's too damn bad that the American people as a whole have become too low scale, apathetic, fearful, disconnected, uncausative, pre-occupied, etc. (I include myself in this.)

If this wasn't the case, most all of Congress would be dragged out onto the commons and lynched. From that point on, government representatives would do their jobs well and honestly with the good of the country and its future in mind instead of their own personal gain. They'd wear that hat the way it was intended to be worn by our Founders... or else.

We've lost the courage, daring, bravery and inclination to be vigilant and to fight for our rights. If citizens today had the character of the early farmers, pioneers, mountainmen, militia, etc. of our past... our politicians would be scared shitless of being caught involved in any shenanigans.

We're all wishy washy wimps. Our highest level of causation is to vent and criticize on blogs such as this one.

Wimps deserve what they get.

Wed, 01/16/2013 - 13:35 | Link to Comment alfbell
alfbell's picture

Gradual loss of our freedoms, wealth and our country = Gradual increase of temperature of water in pot (containing frog) to the boiling point.

American citizen = frog.

End of game = water hits 212 degrees F.

American citizens, their children and their progeny = cooked frogs.

Ugh! Boy does this script need a rewrite for a better ending.

Wed, 01/16/2013 - 13:50 | Link to Comment alfbell
alfbell's picture

Ugh!

Wed, 01/16/2013 - 15:32 | Link to Comment laomei
laomei's picture

I'm just gonna come out and say that their weightings are entirely messed up compared to reality.  Of course, it's in their interest for this to be the case.  Far too many government programs are linked to inflation and as such, it's in their interest to massage the data.

Do NOT follow this link or you will be banned from the site!