We know for a fact that home prices are now at 2006 highs. We know for a fact that rent has been going up at an annual rate of 3% to 6% for the last few years. We know for a fact taxes, tolls, and government fees have been going up at 5% to 10% per year. We know for a fact that our healthcare costs are going up by 10% to 50% per year.
Checkout the increase in commodity prices below over the last year. Do you use any of those products in your daily life? Even cattle and wheat, which fell in the last year, are now up 5% to 7% in the last month.
The Federal Reserve and the government drones at the BLS still tell you inflation is running at 1.7% in the last year. Do you believe them or your bank account?
Oil
Heating oil
Natural Gas
Unleaded Gas
Gold
Silver
Platinum
Copper
Soybeans
Lean Hogs
Coffee
Cotton
Sugar
Every statistic that our government throws out there is fictitious. Why would we expect the truth when it comes to their theft via inflation?
I know, I know, unemployment is 4.7% and inflation is 1.7% -if they just keep repeating it, eventually we’ll bleat it out to each other.
Donkey Show admission cost has been plummeting. Supply & demand.
Just change the start and end point and voilà. You can have any rise over run that you wish. The folks at BLS are doing exactly the same thing with inflation as folks at NOAA with climate temperature readings.
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I believe the bank account, make more yet KEEP less. After all it is what you keep that counts.
One of these days I’ll get to buy my first flat screen tv and perhaps experience some of this marvelous deflation I hear about. Until then, I have to finish my kid’s $25k per year college tuition.
If they admitted to the real inflation they would also have to admit that real GDP growth is much lower.
There is no question our government has lied and hidden facts regarding the countries and hence the American people’s economic condition in all areas : we have all been fucked up the ass and “THEY” are not done yet ! But the fat lady is singing ! Our president elect wants to make America great again ! With what and by who , boat guy was a heavy industry mechanic , made a modest comfortable living but the industry is wiped out , pensions bankrupted and age is taking its toll , I know the plan Obama left me , first we bankrupt them then when they break down and die because health care is expensive and scarce they will die off and make room for his dream ! A country turned all Black and Tan controlled by the UN PEACE KEEPERS with heavy weapons and survalence unheard of by true Americans but we will all be breed out of existance !