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???