Irwin is going to get in big trouble now. He won’t be invited to the Hamptons or any fancy dinner parties in Manhattan. A strongly worded memo will be issued by the Fed to Irwin’s oligarch employer – Rupert Murdoch, about telling the truth to the sheep. That is unacceptable behavior on the part of a MSM financial journalist.
Irwin confirms everything I’ve written about the CPI and inflation figures spewed by our government and regurgitated by the MSM. It’s a Big Lie. The true inflation rate for the things you need to live your everyday life is between 5% and 10%. You just need to open your eyes.
To see inflation, you have to open your eyes
Getty ImagesPORT WASHINGTON, N.Y. (MarketWatch) — At this week’s confab, Federal Reserve officials will train their sights on the state of the labor market as they prepare to pare back their unprecedented stimulus program. In view of their recent public pronouncements, my guess is that they will give inflation short shrift.
Not that they will ignore inflation all together. As this week’s data will likely show, inflation, as measured by the government’s producer price index and consumer price index, is all but nonexistent — and this bothers the money mavens. It might even be enough to forestall tapering.
That said, this concern over insufficient inflation is nothing short of amazing. Time was when inflation was all the Fed worried about, and to suggest that it not do so was tantamount to heresy. As for the reason behind this focus, I give you the U.S. in the 1980s and 1970s, not to mention Germany in the early 1920s.
It may be true that the price indexes show little or no inflation. However, it is also a fact that the cost of living out there in the real world is soaring.
If you don’t believe me, ask anyone who lives on a fixed income. They’ll tell you that it’s becoming tougher and tougher to make ends meet. They are full of examples to prove their point.
Food prices are soaring — especially for milk and other dairy products. Health care is soaring; insurance premiums and co-pays are up as well. Utility bills are on the upswing, as are sales and property taxes. And you can add to this the cost of a college education, mass transit, as well as most other items that the average household buys regularly.
Prices of new cars are rising too, although you wouldn’t know it from the price indexes. This is because they are adjusted for quality improvements, for example, back-up cameras, automatic headlight dimmers, warnings for straying out of traffic lanes, or driving at too steady a rate of speed.
In other words, you pay more but you get more, and the indexes show little or no change.
There are other instances where the government’s statisticians fail to pick up real-world trends. The first that comes to mind is shrinkage. This is where you pay the same but get less. Companies shrink package sizes to disguise a price increase.
Another gambit is product dilution. In the case of soaps and detergents, companies will add water, thereby decreasing the product’s effectiveness when it comes to cleaning. Chickens are pumped up with water to increase their weight, while ice cream can be watered down to the point where manufacturers can no longer use the word “cream” in its name.
Finally, the surveyors don’t always pick up changes in buying patterns, either long-term or as a result of price increases. The classic example is people buying more chicken when the price of beef goes up.
In view of the weakness in the labor market and the Fed’s belief that inflation is too low, don’t be surprised if the Federal Open Market Committee votes to maintain a steady-as-you-go policy.
After all, if the Fed truly believes what it says, this is the only logical policy course to take.
Yellen better known as Ben’s Bitch will ride the horse ( sucking it’s massive cock ) until she can say at the destruction of our economy ” It Is Finished ” .
No inflation…fuck you….I see at the grocery store every week…Oh that’s right food isn’t included !
Switching to nearly all natural/American made products has kept the price inflation for me to a minimum of what I see in other homes. There are benefits to being “crazy” apparently.
So,inflation, employment, money supply, recovery, education, health, budget, war, what isn’t the government lying to us about?
I’m hard pressed to find ANY of it that doesn’t have a corrupted agenda that is self-reinforcing and over-forgiving of death and destruction at their own hands while promoting and maintaining outright lies, propaganda and myths.
Truth is treason. Has this ever been more true?
Truth is treason in The Empire of Lies. So many lies have been told by the myriad parasites of the fedgov that the tellers are no longer able to distinguish their fabricated fantasies from reality. As a result their conduct in every area is completely insane. BC-LR to all
TE……Be careful….even with organic stuff. I loved Horizon organic milk…..then I learned they feed their cows GMO alfalfa. ….defeats the purpose huh.
Automatic headlight dimmers? That’s nothing new, my ’53 Oldsmobile 88 had one!
@Buckhed, “Organic” is an iffy proposition. Many of the worst GMO/chemical offenders have bought up the successful organic companies, that doesn’t feel right to me.
PLUS, it is very expensive and outright obtrusive to be certified. Many small, local, farmers don’t want to increase the cost of their products to pay for that. I love talking to them, finding out what they use, what they don’t use, whom they hire, when it was picked. Being certified organic is far down the list on importance.
You don’t have to go all organic – and pricey – to go natural, and it isn’t just foodstuffs. I don’t buy much/any grocery store cleaners, detergents, soaps, either. The chemicals and my family’s health were the main reasons I went natural.
He’ll be fortunate if he still has a JOB much less invitations to the Hamptons or froufrou dinner-parties in Manhattan.
Remember truthteller Dylan Ratigan? GONE!!!
http://www.metacafe.com/watch/yt-ACm1ntw_4dM/dylan_ratigan_msnbc_exposes_federal_reserve_con_part_1/
http://www.zerohedge.com/article/dylan-ratigan-discusses-audit-fed-support-letter
Truthteller & patriot-extraordinaire Pat Buchanan once-upon-a-time was syndicated in nearly every major newspaper in the country. He also was a regular political commentator on MSNBC. His bestselling books were never ONCE reviewed by my good friends, the Chosenites,’ in Big Media (and YES… they own all the major book review apparatus too) despite the best efforts of those whom try and control whether books see the light of day or are destined for failure. He needed to be shut up, shut out and silenced. GONE… though a few alternative media outlets still run his important pieces such as Vdare.com and Worldnetdaily.
I applaud this brave man for his courage in bucking the disinfo media and their relentless propaganda for the establishment-fascists, but he will assuredly pay a steep price.
The Official Press Releases from The MINISTRY OF TRUTH are aimed at the proles.
The proles are thought to be the reservoir of consent to this farce-of-a-society.
In fact, however, the proles are mindless. The masses of men don’t think as individuals, they feel as a BLOB, a single multicellular organism that is made of undifferentiated parts.
Reversal is a fact of life. No tree grows to the sky.
Change is coming, we just don’t know when.