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Lies, Damned Lies, & Inflation Statistics
Submitted by Jim Quinn via The Burning Platform blog,
The government released their monthly CPI report this week. Even though it came in at an annualized rate of 3.6%, they and their mouthpieces in the corporate mainstream media dutifully downplayed the uptrend. They can’t let the plebs know the truth. That might upend their economic recovery storyline and put a crimp into their artificial free money, zero interest rate, stock market rally. If they were to admit inflation is rising, the Fed would be forced to raise rates. That is unacceptable in our rigged .01% economy. There are banker bonuses, CEO stock options, corporate stock buyback earnings per share goals and captured politician elections at stake.
The corporate MSM immediately shifted the focus to the annual CPI figure of 0.1%. That’s right. Your government keepers expect you to believe the prices you pay to live your everyday life have been essentially flat in the last year. Anyone who lives in the real world, not the BLS Bizarro world of models, seasonal adjustments, hedonic adjustments, and substitution adjustments, knows this is a lie. The original concept of CPI was to measure the true cost of maintaining a constant standard of living. It should reflect your true inflation of out of pocket costs to live a daily existence in this country.
Instead, it has become a manipulated statistic using academic theories as a cover to systematically under-report the true level of inflation. The purpose has been to cut annual cost of living adjustments to Social Security and other government benefits, while over-estimating the true level of GDP. Artificially low inflation figures allow the mega-corporations who control the country to keep wage increases to workers low. Under-reporting the true level of inflation also allows the Federal Reserve to keep their discount rate far lower than it would be in an honest free market. The Wall Street banks, who own and control the Federal Reserve, are free to charge 18% on credit card balances while paying .25% to savers. The manipulation of the CPI benefits the vested interests, impoverishes the masses, and slowly but surely contributes to the destruction of our economic system.
A deep dive into Table 2 from the BLS reveals some truth and uncovers more lies. Their weighting of everyday living expenditures is warped and purposefully misleading. Let’s look at the annual increases in some food items we might consume in the course of a month, living in this empire of lies:
- Ground Beef – 10.1%
- Roast Beef – 11.8%
- Steak – 11.1%
- Eggs – 21.8%
- Chicken – 3.7%
- Coffee – 3.4%
- Sugar – 4.2%
- Candy – 4.6%
- Snacks – 3.5%
- Salt & Seasonings – 5.3%
- Food Away From Home – 3.0%
Despite these documented increases, the BLS says food inflation only ran at 1.8% in the last year. They show large decreases in pork, seafood, dairy, and vegetable prices. I grocery shop every week. I buy milk, fish, and vegetables and the prices have not fallen. The price of pork products has decreased from all-time highs, but is still well above prices from a few years ago. The BLS fraudulently keeps the food price increase lower by assuming you switch from beef to pork when the price of beef soars. That assumption does not lower the price of food. The assumption essentially builds in a lower standard of living for you in their model of the world. The other ridiculous assumption is the weighting for food eaten away from home. Giving this a weighting of 5.8% is outrageous when everyone knows obese Americans are chowing down at Taco Bell and the millions of other purveyors of toxic food sludge multiple times per day.
If you are like me, you probably need to live someplace. Food and shelter are the most basic of needs in a society. But according to the BLS they account for less than 50% of your expenses. Let’s examine some shelter related costs to see how badly the BLS is lying in this area:
- Rent – 3.5%
- Owner’s Equivalent Rent – 3.0%
- Insurance – 3.1%
- Water, Sewer, Trash – 4.7%
- Household Operations – 3.6%
There is so much wrong with the BLS data, I don’t know where to start. The rental market has been on fire since 2012. Builders are erecting apartments at a breakneck pace. Independent, non-captured, neutral real estate organizations show rents surging to all time highs, growing by 5.1% on an annual basis. Real rents in the real world have grown by 14% since 2012. The BLS says they’ve grown by 9%. Who do you believe?

It’s funny how the mysterious owner’s equivalent rent calculation spits out a 3% increase in the last year. National home prices, based on Case Shiller data and NAR data shows prices up between 5% and 10% in the last year and up by 25% since 2012. Mortgage rates have risen to 4% from the low 3% range. Property taxes are soaring across the country as indebted localities rape taxpayers to pay for their gold plated government benefits and pensions. Evidently the BLS just ignores prices, mortgage payments, and real estate taxes when calculating their lies.
The final outrage is the weighting applied by the BLS to the owners equivalent rent. It accounts for 24% of the CPI calculation, virtually the same as it did in 2007. In case you haven’t noticed, the home ownership rate has plunged to 22 year lows since 2007, as millions of foreclosures booted people out of homes and millions of millennials are so loaded with student loan debt and stuck with low paying Obama jobs that home ownership is a distant dream. How can the BLS continue to weight home ownership at the same level when the percentage of rental units has soared?

There is no question the BLS should have dramatically increased the weighting of rental housing. In reality, the large increases in rental rates and the surge of rental households reflects a much higher inflation rate than is being reported by the government. The BLS figure is a blatant lie. The recent report from the Center for Housing Studies reveals the falsity of the government reported propaganda. Over 20.7 million renter households (49.0%) pay more than 30% of their income on housing. More than a quarter of all renter households, or 11.2 million, spend more than 50% of their income on housing. The median US renter household earned $32,700 in 2013 and spent $900 per month on housing costs. Renter housing costs are gross rents, which include contract rents and utilities. If the median renter household spends 33% of their income on housing costs how can the BLS give it only a 7.2% weighting in the CPI calculation?

The Center for Housing Studies report drives a stake into the heart of the manipulated, politically massaged, false data put out by the BLS to keep the masses sedated and their bosses fat, happy and rich:
Over the span of just 10 years, the share of renters aged 25–34 with cost burdens (paying more than 30 percent of their incomes for housing) increased from 40 percent to 46 percent, while the share with severe burdens (paying more than 50 percent of income) rose from 19 percent to 23 percent. During roughly the same period, the share of renters aged 25–34 with student loan debt jumped from 30 percent in 2004 to 41 percent in 2013, with the average amount of debt up 50 percent, to $30,700.
The faux journalists in the dying legacy media act baffled by the continued real decline in retail sales when the answer is staring them right in the face. True inflation in essential living expenses combined with declining real wages and increasing debt burdens has left the average household with little or no money to spend.
The next blatantly manipulated false data is related to healthcare. Let’s peruse some this detailed inflation data:
- Prescription Drugs – 4.8%
- Non-Prescription Drugs – Negative 1.6%
- Medical Equipment – 0.0%
- Medical Care Services – 2.3%
- Hospital Services – 3.5%
- Health Insurance – 0.7%
Anyone living in the real world knows Obamacare has resulted in a tremendous increase in demand for drugs, medical services, and medical equipment. Health insurance companies, drug companies, drug wholesalers, hospital corporations, and drug stores are reporting record profits as their stock prices hit all-time highs. When was the last time you saw prices drop or stay flat in the healthcare arena?
It is patently outrageous for the BLS to report an annual health insurance cost increase of a mere 0.7%. The annual cost of employee sponsored health insurance is 6.3% higher than last year, with the employee portion skyrocketing by 8.0% based on real data in the real world. I work for the largest employer in Philadelphia, with the most negotiating clout against insurers, and my portion has gone up by 10% to 20% annually for the last five years. Everyone working for a company has experienced the same or higher increases.

Even the Obamacare exchanges are seeing double digit premium increases in many states. Studies from Price Waterhouse Coopers and McKinsey found increases in average premiums between 6% and 10% across the country. It takes major cajones for the BLS to report 0.7% health insurance inflation, but their job is not to report factual information. Their job is to keep the ignorant masses ignorant of their plight. The bigger the lie, the more likely it is to be believed. The even more ridiculous aspect to the BLS data is that health insurance is weighted at .75% in the CPI calculation. The median household income in this country is $52,000. Employees are paying approximately $4,000 in health insurance per year on average. That is 7.7% of their income. The BLS weighting is absurd. Using a true inflation rate and true weighting would add at least 2% to the CPI figure.

Another area that impacts every American every day is transportation. People need to drive or take public transportation in order to live their lives. Here are some more crucial inflation data points from the BLS:
- New Cars – 1.2%
- Used Cars – Negative 0.7%
- Gasoline – Negative 23.3%
- Vehicle Leasing – Negative 1.1%
- Vehicle Insurance – 5.1%
- Parking & Tolls – 2.4%
- Public Transportation – Negative 3.2%
So we have near record levels of new auto sales, driven by subprime auto debt and 7 year 0% financing, with average vehicle prices at all-time highs, and the BLS reports prices only went up 1.2% in the last year. Edmunds, the authority in auto data, says prices went up 2.6% in the last year. Do you believe the BLS model or real data from the real world, broken down by automaker and vehicle? The even more ridiculous contention is that used car prices fell. I’ve bought two used cars in the last year and I can attest that prices are not falling. Edmunds reported that used car prices have risen by 7.1% in the last year. Leases as a percentage of total auto sales is also at record levels. Does this really jive with a decrease in leasing expenses? I think not.
There are 254 million passenger vehicles registered in the United States. We have a record level of auto loan debt totaling $1 trillion and a record level of auto leases. According to Edmunds, the average monthly car payment is $479. That is $5,748 per year. That equals 11% of the median household income. Why would the BLS only give this category a 5.7% weighting? Bankrupt states across the country have been jacking up tolls. The BLS says they went up by 2.4%. My beloved state of Pennsylvania has increased them by 10% per year for the last three years. The BLS says the cost of public transportation is plummeting. Has a Amtrak or any municipal public transportation system EVER reduced fares? Not a chance. They need more revenue to fund the government pensions of their union employees.
There are a few other categories that might be of interest to you:
- Banking Fees – 5.9%
- College Tuition – 3.4%
- Childcare – 4.3%
- Sporting Events – 8.8%
- Pet Care – 3.5%
- Cigarettes – 2.5%
- Alcohol Served Away from Home – 4.0%
Isn’t it delightful that your friendly neighborhood Wall Street bank gets free money from the Fed, charges you 18% on your credit card balance, pays you nothing for your deposits, and then jacks up your bank fees? The relentless inflation in college tuition is being driven by the relentless doling out of student loans by the Federal Government to people who aren’t intellectually capable of completing college level material. The $1.4 trillion of student loans will never be repaid. The taxpayer will be on the hook for hundreds of billions in write-offs.
To celebrate the near zero inflation reported by your friendly government drones at the BLS take your family of four to a baseball game, spending $160 for tickets, $25 to park your car, $20 for two warm beers, $10 for two sodas, $24 for four hot dogs, and $10 for an order of cheese fries. Make sure you toast Greenspan, Bernanke, Yellen and the rest of the Federal Reserve governors who have purposefully reduced the purchasing power of your dollar by 96% over the last century.
You know your true level of inflation. You know it’s not 0.1%. You know it’s somewhere between 4% and 10%. You know your government is lying to you. You know the captured corporate media perpetuates the lies. You know those in control of the government must lie to keep their Ponzi scheme going. You know they are just following the Edward Bernays playbook. They want you to believe it’s for your own good. Do you think it’s for your own good?
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” – Edward Bernays – Propaganda – 1928
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The Everyday Price Index (EPI) increased 0.8 percent in June after increasing 1.1 percent in May.
In comparison, the Consumer Price Index (CPI), reported by the Bureau of Labor Statistics, increased 0.4 percent in June on a not-seasonally-adjusted basis after rising 0.5 percent in May. AIER’s EPI is not seasonally adjusted.
https://www.aier.org/research/everyday-price-indexSomeday we can tell the bankers that the rope we're about to hang them by is long enough to reach the ground. At least the uninflated price per foot would seem to make it that way.
Stupid crackers
buy stock instead of anything else
Lies and fucking liars. Thats your govt
I always buy the same kind of organic, grass fed ground beef. The same pound of it, in the same package, at the same store, has gone from $5 a pound to $8 a pound in the last 3 years. 'No inflation' my ass. the organic milk I buy has gone up about 30% a half gallon in the same time period
also, ammo inflation. GOD DAMN
I'm a grass-fed organic ground beef guy too. The taste is so much better. The juices are succulent and we don't dump any of the fat.
The meat manager at my nearby Ralph's knows me by name - I always come sniffing around the organic meat case when I know the expiration date is nigh. Regular price $8.99lb for CA raised organic ground beef! Hell yeah there's inflation - even disgusting reg ground is like $7 lb!! He used to slap on a .99 cent sticker and I'd buy the lot. But recently he told me corporate has cracked down and reductions will be no more than 50% even if it means throwing out the lot. It's funny I went back the other day - I found two lbs for $1.99 each.
That meat guy is a good man.
I think the Ebola and the Asian flu were media fabrications to help justify and mis-direct the increase in the costs of chocolate, poultry, and eggs. They are trying to cover up the fact that the Fed saved the bankers by tripling, quadrupling, (or worse) the money supply and now the inflation built into the system is getting toxic. The cover stories are ebola, Asian flu, or anything else. Not debased currency and increasing monopoly strangle-hold on food production by corporations. Nah couldn't be anything like that....
Gold just got bitch slapped what's with that!
going to 900, buying oppurtunity of a lifetime coming up.
I dont know about 900, but 1000 is a real possibility. I havent made a purchase in the past couple weeks, waiting to see how this plays out. A bunch of defaults and deleveraging, coupled with a USD rise against other currencies(before you all jump up my ass, no, Im not defending king dollar as a sound currency, just a dirty shirt that appears clean) will probably push the prie of gold, in dollars, a little bit lower. I think that gold will flirt with 1000, and silver will hit 13.50 or so if it continues.
As you said, buying opportunity of a lifetime.
I think it goes below 700! I am not selling, I am not buying. I am watching.
Those damn barbarians and their relics....
ministry of truth tells no lie
But what are we to believe when they tell us that they always lie?
My brain just imploded. I always thought that the originator of these quotes was Goebbels.
"If you tell a lie big enough and keep repeating it, people will eventually come to believe it." and "The bigger the lie, the more it will be believed." are widely and incorrectly attributed to Goebbels.
It is probable that these are the paraphrases of the Goebbels' text "Churchill's Lie Factory" where he said: "The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous."
- Jospeh Goebbels, "Aus Churchills Lügenfabrik," 12. january 1941, Die Zeit ohne Beispiel
http://www.goebbels.info/goebbels-goebbels.htm
Thank you Jim Quinn for the factual accounting. The government lies about all of the statistics they put out. Nobody believes the labor reports any more. Everyone knows the GDP and CPI are rigged along with the rest of the related stats.
John Williams of shadowstats.com publishes the true government statistics. He actually uses the old government formulas used years ago before they were completely rigged. http://www.shadowstats.com/
Also below is the Chapwood Index that reports true cost of living increases.
The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.
http://www.chapwoodindex.com/Speaking of government manipulations, gold and silver just got massively smashed! Gold is $1,098 and silver $14.56.
"The assumption essentially builds in a lower standard of living for you in their model of the world."
American standard of living has to come down in order for the country to become wage compeititive with the rest of the world. Macroeconomics 101, bro.
Then again, isn't it ironic that while businesses, BLS, & Commerce need lower wages to bring work back to the US, populist movements are pushing for higher wages across the country. Cross-purposes?
it won't be long before everyone figures out the only move left is an emerging-conomy-style massive depreciation (deval, in EM terms) that rips US purchasing power out from under just abt everybody. all these pussy-footing, surreptitious, inflation-hiding moves are just precursors to that.
I don't see populist movements to raise working wages as ironic at all. However I do see CEO and executive wages going through the fucking roof as the populations wages and standards of living are crashing through the floor as very ironic. And I do see that possibly leading to guillotines and ropes on lamp posts someday soon.
dont bother with him.. he's a fucking shill for corporate welfare and stripmine economics.. anyone just has to look back to the recent bullshit with Hostess blaming workers while the merry-go-round of CEOs raising their compensation, killing the busines while blaming workers.. fucking sin on earth burn em all
http://www.dailykos.com/story/2013/04/25/1204805/-New-Hostess-Brands-bla...
"a fucking shill for corporate welfare and stripmine economics"
that's funny. i'm not telling you this is what SHOULD happen, i'm telling you this is what IS happening. Modern economics has declared this is the only way to competitiveness in a globalized labor marketplace.
if you have other ideas abt how labor vs capital SHOULD be compensated, present them to academia & global finance, & make a compelling case that Americans CAN keep their standard of living while the Chinese, Indians, and Bangladeshi survive on a fraction of what an American worker earns, for essentially the same labor.
if you don't think 'stripmine economics' is the prevailing reality, you must not get out much. "Capitalism, at its most remorseless, is a phystical manifestation of psychopathy."
the alternative is for you to say you're a communist.
Can you imagine what the COLA for SSI would be at 10% annual inflation
They lie about everything. Why would they lie about this?
Liberty is a demand. Tyranny is submission.
Just look at how we fix inflation:
Chapwood Index shows real inflation in US.
In 2014, it was 9.7% - 1212% of official US inflation (0.8%)
http://www.chapwoodindex.com/
The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.
Alternate inflation charts from Shadowstats shows inflation 3% to 7% higher than official statistics:
http://www.shadowstats.com/alternate_data/inflation-charts
If you adjusted US GDP for real inflation for only last couple of decades, US GDP would only be around $6 trillion. Given a debt to GDP ratio of 300% and unfunded liabilities to GDP ratio of 2500%, what should US bonds be yielding?
If you adjusted US inflation by the average Chapwood Index for the 4 years shown above for just the last decade, US GDP is about $6 trillion
And they still can't outrun the debt onslaught.
justobserving - you beat me to it, I'm a slow typist. I am glad someone else is posting factual information...thank you!
I'm looking down that list of products/services and I can't think of a single one where the government isn't supporting the price either directly (through subsidies/price supports or by making it's purchase mandatory) or indirectly (by way of welfare/EBT/food stamps and other "transfer payments").
The oft quoted line that the US economy is 70% consumer spending is bullshit. 70% is a government regulated racket. The other 30% has to deal with actual market forces.
Oh, and I'm going to add this one more time, for those who might not realize I've brought it up many times before:
TAXES ARE NOT COUNTED IN CPI.
Have your taxes gone down? Didn't think so. You clear less after taxes and you can't buy as much stuff with each dollar you have left as you used to.
You're not just imagining your standard of living is way down. It actually is.
If over half the population gets an Uncle Sugar check, and doesn't pay taxes to boot, why should they care what the prices are?
" here's your free money this month, sorry we didn't raise the amount"
Here's a riddle:
If a government worker pays taxes, does it count?
My cousin, the retired on disability cop ( who got another cop job, by the way) , doesn't have to pay property tax.
How can us lowly " civilians " get that deal?
My auto insurance alone shot up 17.6% this year. Property taxes, etc all up much more then 5%. It's no wonder 80% of the population is broke and there are so many more beggers of every age, color and sex at intersections.
I am not sure how the folks on fixed income manage with the soaring prices the last decade and almost no COLA increase. They have to be one of th emost sodomized sectors of our citizenry.
"Beggars" at the local intersection is a scam. Most of them aren't homeless despite what their signs may say. It's actually a good way to make tax-free cash income. I know a guy who does that and he explained it to me. You'd be surprised what they make. I don't give any of them shit any more.
Shop around for your auto insurance at least every 3 years. Most of the increases are simply insurance companies trying to limit their exposure in a given geographic area based on recommendations by their actuaries. The way they make that happen is to jack up rates at your yearly renewal until you leave. If you get behind their curve you can really take it in the shorts for a couple years before it gets so severe you're shocked into making a change.
Insurance can be a good scam. All smiles signing you up.....jack up,rates while item insured is depreciating....no smiles when filing a claim. Only thing worse are those extended warranties....peace of mind is overrated.
galted, folks you been galted...
Mustn't alarm the sheepie with the truth...not that they would pay attention, or lift their heads up from their i-gadgets long enough to notice.
Truth is bad, bad is good, good is compliant, compliant is obedient, and obedient is " lead me to the the slaughterhouse."
The dunderbrains still outnumber those of us who choose to free think and exercise discernment.
Woe to those who doth complain too much...
"You know they are just following the Edward Bernays playbook."
Bernays was Freud's nephew on both sides. Such a MENSCH!
This is ALL by design, not by chance.
What the average White does not realize is that he/she is the TARGET of a HATRED that is 3,000 years old. One of, if not the most lethal weapon they unleashed on America was the 1965 Immigration Act see:
http://www.kevinmacdonald.net/CofCchap7.pdf
This will all end in tears...
South African Dan Roodt, November 9, 2012
Obama collecting personal data for a secret race database July 18, 2015
"Such databases have never before existed. Obama is presiding over the largest consolidation of personal data in US history. He is creating a diversity police state where government race cops and civil-rights lawyers will micromanage demographic outcomes in virtually every aspect of society."
"captured" media. the media is helping lead the charge and have been leading the charge for more than 100 years.
Inflation 1.1% yes!!! it is inflation of their brain denying the obvious. And even this number is a lie.
Author forgot about serving size inflation, quality collapse inflation, component substitution inflation, choice narrowing inflation, package cost and quality inflation, air conditioning, freezing/heating power limitation inflation, shopping experience quality collapse inflation, and other manipulations to keep so called nominal price marginal increase of few percent only per year.
That's will make true nominal inflation total about 25% a year on retail side alone, not to mention gigantic health care and insurance inflation, education inflation etc. This combined with collapse of wages/benefits/other incomes produces about 50-60% real inflation/year. Much of the true inflation is loaded into national and private debt to hit us later when they want it.
That's why all retailers cheat about their sales just like Walmart because in response to such big inflation drastically cut spending as only thing they can do. They go to store 50% less times and buy 50% less in dollars then before per trip.
All these are signs of hidden hyper inflation approaching through first almost halting transaction volumes and collapse of money circulation in society 99%. Believe me, in contrast to most Americans I lived through hyperinflation meaning when prices we doubling every month after years of attempts to hide the fact that currency has been debased.
All of it was not due to laws of economy but deliberate policies of government to give a chance for oligarchs to bail out before everybody finds out. When people found out, especially courtiers (government, corporate employees) of the system that there were screwed, all hell broke loose. FED printers will roar to shut them up in US. Therefore, they are careful not to mess up good thing going as long as they can.
Look for these signs of hyperinflation as I described them in my previous comment:
They want to cook us slow so we won't jump out of pan so they can devour us while we still alive. Monsters feed off frog's hope that next frog will be eaten first and that they will be full before they get to me. Hope is mother of stupid and immoral.
The attitude of US oligarchs to ordinary people is nicely put in:
https://contrarianopinion.wordpress.com/2015/01/28/slaves-of-wage/
Good post, mine below may sort of provide "evidence" for your point.
What are you doing in response to what you think is coming? I am a bit of a "prepper" but I am always interested in "on the ground" perspectives. I respect experience.
As I look over Quinn's alternative numbers, I know for a fact that they are higher in my world than even those.
My home is paid for, but my taxes and property insurance is up big. Over a thousand dollars a year, combined.
I eat organic, grass fed, blah, blah. Everything I buy is up way over a dollar a pound or more. Fuck those numbers.
The few processed things I allow myself to purchase (Amys and so forth) are up almost a dollar an item.
We raised tuition at our University this year 5%. We did not raise it at all last year, but still...
Gas is down.
Medical insurance is up 50 bucks a month (fuck you health care industry, I hardly use it, bitchez).
Quinn is still "being polite" in my book.
I'm seriously wondering if the U.S. government is doing anything for the people of this country.
They are helping Jon, Lloyd, Jamie...Donald...
Not to mention Hillary, Bill, Jeb...
Sure, they are helping some people in this country!
Yes, the US Government is fucking the People.
gold gett'n hammered sunday. got to luvs it
Ok. Let me follow the logic here. Gold is down in anticipation of a rate hike. Because we know the easy money of the last couple years has made PMs skyrocket. Greece is fixed and alls well in China. The United States of Europe will bring peace and prosperity, by the way what language will they use? Putin is constrained by sanctions and Iran is well on its way to supplementing their fossil fuel with nuclear energy. Yup nothing to see here.
Motorcycles... jack shit for inflation. I am possibly buying one like this but I won't pay asking price. That is a cool motorcycle for next to nothing. It just has great style and I am a Harley rider but that don't mean shit. If a bike is cool it is just cool. Suzuki nailed that design and they are cheap. I'm in! Motorcycles are good in wartime I have heard.
I live in Irvine California where the average rent for a 649 sq. ft. box is 1700. The increase of h1-b indian familes increased 800% from 2005. I constantly see young Chinese women walking around pregnant. I just went to Fashion Island Newport Beach today and saw nothing but Arabs with women in hijabs and ninja outfits. Our country is literally being taken over foreigners in California. Fuck you US govt! Stop selling our country out to foreigners!
I live in Irvine California where the average rent for a 649 sq. ft. box is 1700. The increase of h1-b indian familes increased 800% from 2005. I constantly see young Chinese women walking around pregnant. I just went to Fashion Island Newport Beach today and saw nothing but Arabs with women in hijabs and ninja outfits. Our country is literally being taken over foreigners in California. Fuck you US govt! Stop selling our country out to foreigners!
It's probably pretty hard to imagine just how much destruction has been hidden by falsifying these numbers. As long as everyone is arguing over whether some fiat money amount is 10% or 20%, we aren't paying attention to the absolute devastation of the productive capacity of the people in this country. Without the ability to make our own complex tools, we can't make our own plants which can make complex tools. It's a de-industrialization spiral that has no replacement economy in mind.
Maybe the answer is localized manufacturing that does not depend on large capital pools to create giant unwieldy factories. We still need computer chip fabs, but C&C machines and 3D printing could be a step in the direction of creating a nation of shopkeeps.
Who says that we should all have "jobs" (slavery) as a goal? Working for yourself is part of the American Dream. Our problem in reaching that goal has always been the money lords and those who own the means of production for what we use as liquid capital.
To allow you to work,for,yourself would,be to allow you to walk off the plantation. First you must be enslaved,by debt, see college education....then you will work for us right out of the gate. Then with government help we regulate you into submission so you won't even consider starting a business, if that doesn't discourage you we have plenty of laws and regs we can prove you've violated and use them to wipe you out. If your still breathing we can lie and trick you with our "facts" and "stats" so you make a disasterous decision or don't see the smack down coming. You know gold is a barbaric relic don't you? If you still survive we may invite you to join the club...if you are depraved enough.
The only answer is Revolution to destroy the rich and their corrupt System.
The author is assuming that most are defenseless to propaganda in the media. The author assumes that most people don't realize that they are driven by unconscious forces generally outside of awareness. Frankly, anyone that has consumed any beef in the last while understands that beef prices are up 20% in one year. Everyone except those that make $100k per year can tell you that they are feeling the price increases.
Getting beat up on bullion here a bit but I only a little at a time. Time to be patient and buy what I like if I can get it. In the meatime I like watching The Black White Supremacist. It is superlative.
The RICH and their wholly owned corrupt government are the mortal enemy of the People. The RICH buy corrupt and corrupt politicians, media prostitutes (presstitutes), rig elections, own the Federal Reserve and operate it for their benefit, send American manufacturing jobs overseas to our enemies, and in a myriad of ways generally do grievous harm to the People. The RICH have done more harm to more Americans than any foreign powers or foreign enemies have done cumulatively in American history. We should be fighting for FREEDOM here within the United States instead of sending United States Armed Forces overseas!