No Inflation Friday: The Government Admits Its Own Statistics Are Phony

Tyler Durden's picture

Submitted by Simon Black via,

In an article that first appeared in Fortune magazine on December 10, 2001, Warren Buffett penned a great letter about falling prices:

“When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they will be buying– except stocks. When stocks go down and you can get more for your money, people don’t like them anymore.”

He’s right. Any rational human being actually LIKES falling prices.

We enjoy getting a great deal, and we like it when our money goes further.

To Buffett’s point, investors are a major exception and prefer investing when prices go up, i.e. their money buys less of a high quality asset.

But there’s one more giant exception that Buffett didn’t mention: economists.

Economists quiver in fear at the prospect of falling prices.

They call it ‘deflation’, and it’s a force so dreaded that central bankers have threatened to drop bricks of cash from helicopters in order to prevent it.

Instead, economists prefer INFLATION, i.e. that the things you buy become more expensive.

We can look at official statistics to get a sense of inflation, but these numbers are totally meaningless.

When I was a kid, my father earned enough money to support his family with a single salary.

We had a house, a car, an occasional vacation, and we never missed a meal. All on one income.

But those days are long gone. Now it’s almost obligatory to live in a dual-income household just to make ends meet.

The official statistics never paint this picture.

They focus on some palatable number, telling us the inflation rate is 2%, and then adjust their computational methods to derive that figure.

In fact, the US federal government has changed the way it calculates inflation at least twenty times since the mid 1980s.

And it’s obvious that they have a huge incentive to do so.

The #1 expense of the federal government today is the mandatory entitlement programs that are paid out to seniors in the US– primarily Social Security.

It’s nearing $1 trillion annually and eats up a third of all tax revenue.

The government is required by law to increase the amount of money paid to Social Security recipients each year through what’s called a COLA, or cost of living adjustment.

Essentially they’re adjusting your monthly Social Security payment to keep up with inflation. Or at least, the inflation that they’re willing to admit.

This is where they have a huge incentive to fudge the numbers.

If the real rate of inflation is 5%, but they only give a 2% COLA, the government saves 3%. That’s almost $30 billion.

(Ironically this is 3x the size of the annual budget for the Department of Labor, which is responsible for calculating the inflation statistics.)

But by doing this the government is effectively stealing from seniors.

There’s actually been a new law proposed in Congress to prevent this from happening anymore.

It’s known as HR 3074, and it was written “for the purpose of establishing an accurate Social Security COLA. . .”

So even the government admits that their inflation numbers are a bunch of baloney.

But sadly, according to the legislative watchdog, this bill has a 0% chance of being passed. So I wouldn’t expect a solution anytime soon.

In fact, this problem will likely get worse given how transfixed economists are on the deflation threat.

Their concern is that the Chinese economic slowdown and currency devaluation will cause a wave of falling prices around the world.

But there’s a very curious effect at work here that most people forget:

It’s entirely possible (and now very likely) to have BOTH inflation AND deflation. At the same time.

Assets and investments can fall, while at the same time the prices of retail goods and services rise.

In other words, the value of your investment portfolio goes down, but your grocery bill goes up.

It’s also important to point out that not all prices rise and fall equally.

Gas prices may be down from a year ago in the US. But as the recently-released Hotel Price Index shows, hotel prices are up sharply.

Salt Lake City: 8%. Raleigh: 5%. Portland: 9%. Washington DC: 5%. Los Angeles: 8%.

I’ve seen the effects of this dual inflation/deflation phenomenon as I’ve traveled around the world in places like Argentina, Greece, and Indonesia.

It is a very real threat. And it may now be coming to US shores.

But everyone is focused exclusively on the deflation side.

You’ll get laughed at in financial circles if you mention the word ‘inflation’ anymore. It’s being completely ignored… even denied.

They’re pretending like half the problem doesn’t even exist, which is seriously foolish.

Inflation is a long-term disease. Quarter by quarter the numbers may change. But over the long run it’s like a cancer, slowly eating away at your lifestyle.

It’s not a question of either/or. It’s not a debate over inflation VS. deflation. It’s only a matter of WHEN we’ll end up with BOTH. And how well you’re prepared for it.

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order66's picture

Only reason people don't want stocks when they're down is because they didn't get out in time and lost all their paper money so they can't afford to buy them.

gdogus erectus's picture

Social security is not an enitilement. Repeat after me: social security is not an entitlement. it may be a forced Ponzi participation but I would like my money back that I paid in. Big difference. If they took every dime I was forced to contribute and actually bought some bullshit, constantly evolving "index" like the DJIA, there would be plenty of money to give me back.

But we all know that SS gets dumped into the general fund and spent on war and fake health care. And free phones and general assistance.

Authors, please stop spreading the lie that SS is an entitlement. It conditions all of us to not complain when they stop giving us our money back.

How about a 20% cut to drone spending or base expansions or secret wars or payments to Blackwater/Xi/Academi?

ShrNfr's picture

The courts have decided that the government is not under any obligation to pay you a dime in Nestor. The SS website calls this out specifically.


Ausonius's picture

Yes, quite right!  The old "lockbox" joke from Saturday Night Live comes to mind: there is no lockbox, because there is no "investment plan" connected to Social Security.  My mother kept insisting that she had hundreds of thousands in SS because of how much she had contributed throughout the years, and so it "Must" have earned a good deal of interest. 

She would never believe that her money was simply confiscated as a tax and spent to pay bureaucrats or welfare mothers etc.

August's picture

>>>The courts have decided that the government is not under any obligation to pay you a dime....

Particularly if you renounce US citizenship... "you would not have the opportunity to receive payments from us". Surprise!

(Note: The above outcome depends upon your particular citizenship and residency.)

SWRichmond's picture

How about a 20% cut to drone spending or base expansions or secret wars or payments to Blackwater/Xi/Academi?

Cut the MIC, are you insane?  Killing people is what the government does best.

BeerMe's picture

I'd gladly give up SS if it meant getting rid of the tax.  I'm not concerned about any money that was taken out.

Hitlery_4_Dictator's picture


Hitlery_4_Dictator's picture

I'd say rampfest was kinda a bust. 

Two Theives and a Liar's picture

As phony as the 3:30pm ramp-o-matic

rejected's picture

Yes,,, they're actually proud of their scams and manipulations. They don't even try to fake it any more.

Thisisbullishright's picture

And on top of that the dow jones jumps 100 points higher in 17 minutes!  Totally normal and not rigged....


wendigo's picture
wendigo (not verified) Sep 4, 2015 2:47 PM

Buffet is a tool. Clever, but corrupt. 


I personally wouldn't mind some deflation. I would do well. 

BeerMe's picture

Deflation will destroy those in the most debt.

q99x2's picture

There is no US Government.

Chupacabra-322's picture

@ q99x2,

Finally!!! A poster who realizes what we have is a Criminal Fraud UNITED STATES, CORP. INC. posing as a functional Government of the people, for the people & by the people.

Bizaro World's picture

This comment also caught my eye. Most interesting comment of the day!  Q99X2 please do elaborate!



Chupacabra-322's picture

Why certainly, please allow me to retort.

The "government" has not been legitimate since Lincoln's War. When the southern States' contingent walked out of congress and congress adjourned "sine die" (without a day), congress officially dissolved. They never had a lawful quorum so never lawfully reconvened.
It was Lincoln ruling by decree back then which is the basis for all actions since. He ordered congress to do certain things under martial law (military rule). He even had the governor of New York arrested for opposing certain decrees.

We have had a corporation ACTING as government since 21 Feb 1871.
28 U.S.C. 3002 (15)
(15)“United States” means—
(A) a Federal corporation;
(B) an agency, department, commission, board, or other entity of the United States; or
(C) an instrumentality of the United States.

So... B and C are subdivisions of the "Federal corporation." For further verification go to Dunn & Bradstreet ( or You will find that ALL government entities are listed as private corporations right down to your local police department and school district.
The "law" isn't what you think it is. It's all corporate regulations. Congress and legislatures are acting as the board of directors for the corporations and most don't have any idea. You are simply seen as a corporate asset (human resource) with an asset tag # (SS#) that is not allowed to tell your owner what to do.

The questions you should be asking are, "Who owns it?" "Who are they really working for whether they know it or not?" "What are the requirements to be a CEO of a corporation?"
Hint: You don't have to be a Citizen of any specific country to head up a corporation.

These Criminal Psychopaths / Sociopaths are just minions gaming a Criminal FRAUD system all based on Contract Fraud through our CONSENT (Blacks Law Dictionary) & deception.

From Lincoln, to the Act of 1871, Fed Reserve Act of 1913, to The Emergency Banking Act of 1933. No doubt, thse Megalomaniac's have taken historical FACT, twisted it, kept it from public knowledge to use as leverage in their diabolical plan to Enslave / Control mankind. And, the entire planet.

lincolnsteffens's picture

Yes sir ree Bob. We do have a US government corp. but we do not have a government for The United States Of America. The US corp. government lies, obfuscates and robs us of due process by force of arms and the rigged casino Bar Association/Court System.

Oh sure, you still have your Constitutional Rights but you may have to take years and hundreds of thousands of dollars working your way up the court system before you have a half way decent chance of the US Supreme Court or the US District Appeals Court affirm your rights.

It boils down to contract law. You signed various contracts with the local, state (subsidiaries of the US Corp.) and Federal gov.. You didn't know much of what you signed were contracts. You never saw the contract. The contract was never explained to you. You were never told what you had to give up to contract with the government. That is fraud but the gov. will require you to prove there was no consent and thus the contract is null and void. Go ahead, prove it if you have the stomach and the financial resources to win.

I tried and I won. The only problem is that if I attempt the same action again, the gov. will haul me into court again and make me go through the process again.

The Constitution of the United States of America is not self limiting of government excesses. People must insist it be enforced or do it themselves. The people that profit from your subjugation have power. Read the 14th Amendment which has "subjects". What do you think that means??? Subservient to a higher power. The gov. of this land is supposed to be the servant!!! Why do you think they are called "public servants"?? Seems like no one bothers to notice.

Chupacabra-322's picture

First off, I wouldn't step foot inside the Fraudulent Admarality Courts to begin with.

Secondly, for a said Contrat to be binding both, I repeat both parties have to be privy & be knowledgeable of all the Terms & be in agreement for it to be binding.

I never agreed or CONSENT (ED) at birth to any Fraudulent Contract. Thus, it's Null & void.

WOAR's picture

"Ignorance of the law does not excuse (the crime)."

In other words, Hitlery can break all of the laws in the world and run for President...and you get the gulag for some obscure law written in 1836, banning flamingoes in Alaskan barber shops.

Amendment X's picture

-322, Thumbs Up for calling out the "Great Emancipator" Lincoln who "saved the union" by having about 800,000 people killed in the War of Northern Aggresion. And leaving the South in ruins for the next century.  Please continue to eradicate the institutional myth that Lincoln was among our greatest presidents. 

SixIsNinE's picture

 + 4,000,000 horses killed also during the very un-civil war ...  (  i know, i know, the millions just don't look so impressive anymore that we're now used to the TrillZ, ya know )

SixIsNinE's picture

 Bizaro World .... say, I know someone you've just got to meet - he speaks of you often, and is one of the most detailed posters on ZH - I'm sure you'll get along very well - Radical Marijuana is our dear friend, if you wouldn't mind a little match-making :)


ZerOhead's picture

I can't believe that the government would ever lie to us.


Meanwhile... beluga whales that typically cruise waters 2,000 miles to the north are making some rare appearances off the coast of England...

If you want to check them out however you had better bundle up...

"Snow, sleet and gales will batter the country which is still shivering after one of the coldest summers in 30 years."


Remember this prediction?

From The Independent on 20 March 2000 we got the headline: “Snowfalls are now just a thing of the past”. According to Dr David Viner, a senior research scientist at the climatic research unit (CRU) of the University of East Anglia, within a few years winter snowfall will become “a very rare and exciting event”.

(In all fairness to "Global Warming scientists" they never predicted that snowfall would be a rare event in the UK in SUMMER.)


skbull44's picture

Having two children starting college this year I can tell you that inflation has certainly been impacting tuition. I figured out the other day that in the 35 years since I first went, tuition has increased about 8% a year over those 35 years. Thank God my salary has kept pace [SARC!].

Insurrexion's picture

Fuck you Simon.

Tell us something we don't fucking know already.

swmnguy's picture

Oh, you're just jealous because Simon's been traveling "around the world in places like Argentina, Greece, and Indonesia."

Which places, I'd like to know, are like Argentina, Greece and Indonesia?  I'm just curious; it's not as though I can afford to go there.  It's all I can do to keep up my $400/yr. subcription to "Sovereign Man: Confidential."   At least every month we get a new pair of Simon's undies to sniff.  Last month's were made of a very exclusive angora blend from his alpaca farm in Peru.  Or, at least, that's what HE said.

swmnguy's picture

Yes, I know angora is bunnies and alpacas are the llama-like things Simon rides up and down and over the Andes.  Paid good money for that knowledge, too.

August's picture

Yes... it's true.  "Simon" is mid-level comedy, and something of a low-insight turkey. 

But he does offer a shit-ton of information, some of which is reliable!  In other words, I've subscribed to his newsletter for years, and do in fact reccommend it.

swmnguy's picture

Really?  I was just being snotty and goofing on Simon.  I do read the pieces the Tylers put up here.   If you'd recommend his newsletter, I should rethink him a little.

Baldrick's picture

Simon was recommending Ukraine in 2010.

i_call_you_my_base's picture

This is all you need to know: deflation benefits the poor, inflation benefits the rich. Inflation is therefore orthodoxy.

swmnguy's picture

Well, if you're going to base your entire financial system on debt at interest, and your "money" is actually debt, you have to have inflation.  Tame, consistent inflation, to be sure, if you're in it for the long haul.  Otherwise, why would anybody borrow $100 today, to repay $105 next year?  Because they expect to have $105 next year.  Growth.  Inflation.  

But when you get impatient and want to cut open the Golden Goose to get all the eggs at once rather than one a day, you have to whipsaw people between extreme deflation and inflation, with hyper-inflation as the killing stroke.  Once the air goes out of that, all the weak hands have to sell you their actual assets for whatever they can get.

It's the Achilles heel of using debt as money.  Always has been, and everybody has seen it coming, no matter what they tell you.

Slowdrip's picture

Don't need a time piece anymore. When the hundred point ramp on the DOW, hits in about a 15 minute spasm, you will know it's 3:30 P.M. EST.....

TheRideNeverEnds's picture

Its not really the opinions of those running the show it is the fact of the monetary system that we must have inflation and we must print more and more money with increasing magnitude to keep on keepin on. Anyone that says otherwise is ignorant of the facts and can be educated with this simple word problem.

Lets say I am the sole source of a currency. You need said currency for things and whatever. So I loan you one hundred units of the currency at a flat 10% for one year.

How will you pay me my principal plus interest in that year?

Answer: you cannot, the whole system collapses at the first transaction because it wont work without me generating at least another ten units of currency in that period, all of which you must have accumulated by the end of the term to meet you 110% principal plus simple interest on the loan.

In laymens terms; You are fucked from the word go!

This is how our current monetary system works on a very basic conceptual level, it was designed this way, this is why we must have inflation. Add to this the infinitely complex minutia of the particulars and the immense scale then you get a ball of unmitigated systemic risk so large its practically unfathomable. If things turn towards even less inflation let alone outright deflation the party is over...

bluskyes's picture

It's that fucking simple, but nobody wants to hear. I have had numerous discussions with different individuals regarding this topic - the few who comprehend tell me they prefer the illusion.

Chupacabra-322's picture

The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States?’

Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money?’ The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any "money." Most Americans have not been paid any "money" for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are "bankrupt," along with the rest of the country?

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.

There is a fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of "good & valuable consideration." Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.

Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a "Canon Law Trust" as their model, adding stock and naming it a "Joint Stock Trust." The U.S. Congress had passed a law making it illegal for any legal "person" to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913)

"Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the "informed knowledge" of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt.

Why don’t more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country."

Lyman54's picture

Most people I know that are over 50 have no mortgage and own their own house.  90% "mortgaged to the hilt" seems quite a stretch.

nakki's picture

But every jackass shill even the bears quote inflation numbers that the government puts out. When one actually looks at where ones money goes we should all know its pure crap. Prices paid for housing (rents or property taxes), insurances, food and edumacation are up at least 5-6% per year, over the last 10-15 years. Electronics not so much but who buys a TV or a computer on a yearly basis? Tickets for any sporting event are insane. It got to the point that even when they were free I wouldn't take them. $20 for a beer and a hot dog. Eat me.

kchrisc's picture

In an economy and society burdened by the Zion and their grifting banksters, "deflation" is plundering too slowly, "inflation" is plundering just right, and "hyperinflation" is plundering too quickly.

Zion is a scheme, not an ethnicity..


Guillotines are our, the American people's, "just right" solution.

orangegeek's picture

Check out the CRB (commodities index).  It is below March 2009 lows and oil is still $45.


Why the debate on deflation.  We are deflating and continue to deflate.  


Because some fuck off gubbamunt economist says we are not, does not mean a fucking thing today.


Baltic dry index is below 1000 again - was 11500 in 2008.  In other words, container shipping costs are in the toilet - perhaps because demand for container space is in the toilet too.


What a complete and unmitigated shit fucking show it is out there.

Chuck Knoblauch's picture

An 8% inflation deflator for the last 7 years.

Means GDP has been negative for 7 years.

But it's all China's fault.

Lyman54's picture

He claims the number 1 expense for the federal government is Social Security payments.  They always babble about the huge burden of the Baby Boomer generation.  The reality is that in 10 years over half of them will be dead from old age and in 20 years they will be almost non-existant.  Most Baby Boomer own their house clear of any debt and when they fade away all those houses will be going on the market cheap.

VW Nerd's picture

Even indexing the Dow Jones.  In 1980, it took a miniumum wage worker ($3.35/hr) 298 labor hours to buy a share of the dow (roughly 1000).  Today it takes a $100,000 a year worker 333 labor hours to buy a share of the Dow (16,000).  Yes, the Dow was more affordable for a minumum wage worker in 1980 than it is today for a $100K/yr earner.  Earlier this week, some commentator on TV was proclaiming "reasonable valuations".  Maybe there's something we're just not getting.....

PoasterToaster's picture
PoasterToaster (not verified) Sep 4, 2015 8:29 PM

Saving enough to retire and thereby purchase your freedom was the last exit from slavery.  Eliminating Social Security, destroying jobs, and removing the ability to accumulate any wealth ensures that 99.9% of people will always be slaves.

This is the oligarch agenda.