DO YOU BELIEVE INFLATION IS 5.4%?

When the things you need to live your life on a daily basis are going up in excess of 10% and your government is saying they are going up at 5.4%, how do you feel? Senior citizens living off their meager savings are getting .15% on their money market accounts due to the Federal Reserve lying about inflation and doing the bidding of their Wall Street owners. Your dollar savings are losing 10% of their purchasing power on an annual basis. They are trying to destroy the lives of the little people. Open your eyes.

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hardscrabble farmer
hardscrabble farmer

A year ago today propane was $1.74, yesterday afternoon it was $2.78

Is that 5.4%?

Foot in the Forest
Foot in the Forest

You obviously used MATH for your calculation. The correct way is to use government approved MAFF, It is hard to swallow but Jen Psaki circles back to the right answer every time she uses it.

john prokovich
john prokovich

Bought my Gold in 99 for $290/oz……sittin pretty now in 21!

fujgim
fujgim

It’s still only worth $299/oz.
In 1999 dollars.
Your gold hasn’t gone up in value, your dollar has gone down.
What you could buy in 1999 for $299 now costs $1871.
Or, what you could buy for an ounce of gold in 1999 still costs an ounce of gold today…
More or less (YMMV).
The bonus comes at the margin when your dollar goes to zero.
They say you can’t eat gold, but you cant eat dollar bills either.
You can wipe your ass with dollar bills, gold just smears it around….

Ken31
Ken31

NSS

Brian Reilly
Brian Reilly

Terms like “inflation”, “purchasing power”, “private exchange” are no longer used in the media as they once were. Now it is all (100%) propaganda designed to move the residents (citizens is another meaningless term) from free exchange of value-for-value using a durable unit of exchange to being entirely dependent on establishment (not always the government per se) permission and authority to trade anything.

So is propane more expensive, or is the dollar worth less? How much would propane cost if it were priced in Bitcoin, gold, fresh eggs? No telling. It is all gamed. You can’t tell what a dollar is worth, or predict what it will be worth, so soon you will have to stop using it. Don’t worry, though, there will be a FED Stablecoin, or a UN SDR that will be a great replacement for you!! Just go over into that tent… yeah, the one on the right… After you get vaccinated you can download the new BUCKAPP that will allow you access to all the wonderful things that Gates, Bezos, Soros, Dimon, and all the rest of us owners want you to have. Go on! It’ll be great!!

Balbinus

The American utopia brought to you by your friends from hell.

Ivan
Ivan

“how do you feel? ”

Womyn feel, men think.

What I think is it’s all a pack of lies.

Ken31
Ken31

I think we can do both but are better at one.

BL
BL

I am particularly fond of a coconut drink with mango, it has gone up 20% in one week as did many of the items I purchased the other day. That is what prompted my decision to buy another load of canned goods this week.

No, I don’t believe the inflation rate is 5.4%, but this will look mild soon…..very soon.

NtroP
NtroP

Not 5.4%
Lying fuckers will lie……

Anonymous
Anonymous

Oh Shit! Got the inflation stats and his approval ratings backward. Hey Joe, let me put it in a way “you” can understand, the prices are going up expodentially…(whisper) expodentially. The listed prices are going up so fast they look like a gas pump. The prices are higher than YOUR SON.

Balbinus

I read an article about natural gas prices for this winter. They say gas will rise 30% this winter. Just paid my Sept. bill. Aug-Sept .24/therm to .35/therm. That is 32% and heating season is just about to start. Hang on wallet, we are going for a ride again.

m
m

It was already around 9% before the Covid scare.

I have really no idea what the true number is, currently, but it’s a lot higher than 9% for sure.

flash
flash
Anonymous
Anonymous

5.4% per month? Or do they mean per week?

Eddy O
Eddy O

Yes……I also believe in the Easter Bunny, the Tooth Fairy and Biden was elected president.

Rod
Rod

Was reviewing my brokerage statement for September today: cash bank balances paid 0.01% and money market account balances paid 0.029%. Can’t even buy a fucking Snickers bar for that.

MrLiberty
MrLiberty

With apologies to Disraeli (and the others to which the original quote is attributed) –

“There are three kinds of lies – Lies, Damn Lies, and GOVERNMENT Statistics”

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