Even the Bureau of Lies and Shams couldn’t cover up the raging inflation happening in the country for the average person today. But, don’t you worry. Ben Bernanke and his fellow bankers aren’t concerned. Core inflation is only up 2% in the last year. That happens to be 1.95% more than you can earn in a money market fund these days. Ben and his ruling class buddies don’t consider gasoline and food as expenses. They consider them commodity investments. The .01% ruling class are thrilled, because they bought commodity futures and made a killing.
When the BLS admits to 8% annualized inflation, you can be sure it is much higher. One look at their report proves that:
As I’ve pointed out before, the made up number called Owner’s equivelant rent accounts for 24% of the calculation and rent accounts for another 7%. The very same government that puts out press releases about home prices being up 12% over last year and rents being up 10%, then tells me that these items have only gone up 2.1% and 2.7% in the last year. They do have gall. They also have the gall to tell us that the food you buy at the grocery store has only gone up by 1.2% in the last year. Do you think anyone from the BLS has ever stepped foot in a grocery store? The crap the government shovels down our throats on a daily basis is enough to choke a horse.
But all is well. Buy stocks. Buy a house. Pay no attention to the man behind the curtain.