The whole article is worth reading, but this part of it is so obvious it is worth a dope slap if you haven't realized it:
The CPI is tied to the incomes of about 80 million Americans, specifically: Social Security beneficiaries, food stamp recipients, military and federal Civil Service retirees and survivors, and children on school lunch programs. The higher the CPI, the more money the government needs to spend on these income payments to keep pace with the cost of living. However, this same government is about $17 trillion in debt. If the CPI is low, the less money the government needs to spend on cost of living adjustments, something seniors are astutely aware of.Is it REALLY surprising that the largest debtor out there who ALSO has to pay a bunch of benefits and salaries that are supposed to be "inflation adjusted" would be interested in making the number artificially low? They LOVE inflation (pay back debt with cheaper dollars), but why not have their cake and eat it too? If there was "inflation", they would have to pay a bunch of money on "inflation adjusted government bonds". When you leave the fox in charge of the henhouse, is it REALLY surprising that the chicken count is "suspect"?
Since retiring and paying more attention to SPENDING money than to MAKING money, it is become rather obvious to me that "real inflation" as in, "the cost of things you regularly buy" is and has been MUCH higher than what is being reported.
The more money that’s created and put into circulation, the less valuable it becomes. And the Fed has created a lot of money recently. The Fed’s unprecedented bond buying program, Quantitative Easing, created $116 million an hour for the entire year last year. It doesn’t make sense that the BLS’s measurement of inflation was only 1.5% last year, while at the same time, monetary inflation grew 4.9%.*We are being told by the government that inflation is so low no COLA adjustments are needed. I know the MSM and D's have found the US government to be absolutely trustworthy the past 7 years, but let's see if there is an alternate view on these inflation numbers ...
Been out to eat lately? Pay for medical insurance, co-payments? Pay for your cell phone, internet, electricity, property taxes ... ??? I submit that blue line is MUCH closer to reality than the red one ... hmm, reality of "Red Lines"?
I think anyone with a moderate level of intelligence and common sense as been SURPRISED that things "seem to not be going as horribly as we would think" given the policies of the BO administration and the vast government bureaucracy that is a Democrat / Union hegemony.
The GDP numbers are fiction. It looks like the inflation numbers are fiction.
We know we have been had, but I'm beginning to think that the magnitude of the debacle is WAY beyond what we have been aware of!
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