Posts Tagged ‘consumer ptrice index’

Inflation, the REAL number vs. the Government’s number….

April 16, 2015

I have previously written about the farce that is the calculation of the Consumer Price Index, or CPI.  I have also written about CNBC’s Steve Liesman ‘s IDIOTIC statements on inflation.  In that second link I gave Mr. Liesman a suggestion to help him do some calculations.  He STILL hasn’t, and he still believes spouts the same nonsense.  I scratched believes, because NO ONE that thinks could believe.

Now, I have found a site that has done some calculations.  It is the Chapwood Index.  I may not agree with all of the items or the process, but the results are what I expected.  I know and feel EXACTLY how much MORE I am paying for everyday things.  I know the Government number is a LIE.

True American citizen inflation is MUCH higher than the Government’s estimate propaganda of “inflation”.  When I say MUCH, I mean by roughly a FACTOR of 4 or more.  You should figure out how much Social Security checks would be if the government used these numbers instead of their “estimates”.

Remember, THEY (the politicians and government) have a VESTED interest in a LOWER number.

So, Mr. Liesman, what do you say now???