Inflation Is About to Disappear Through Government Fakery?

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We have the worst inflation in 39 years and if we used the same CPI we used 39 years ago, the inflation would be 15%, so says Peter Schiff (and the chart below).

The CPI has been manipulated and is about to be manipulated again to hide the results of the bad policies of the Biden Regime.

The US drastically adjusted the CPI in the 1980s to hide the effects of government policies. Zerohedge lays it out in “Consumer Price Inflation: Facts vs. Fiction.” The article explains the key difference from the 1970s to the 1980s. The CPI of the 1970s included house price inflation, while the current measure does not. Instead, home price pressures have been swept in the purposefully nebulous Owner-Equivalent Rent which can be whatever politicians say it is. There were other definitional changes, see hereherehere, and here.

If today’s CPI did include house prices in its measurement, the currently reported inflation numbers for house price inflation would push CPI (and core CPI) to 15%.

The CPI chart below from the ShadowStats website reflects the estimate of inflation for today as if it were calculated the same way it was in 1990 and in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.

ShadowStats Charts
THE PLAN TO ERASE INFLATION THROUGH FAKERY

Unbelievably, the BLS has reported, starting next month it will adjust the weights for its Consumer Price Index basket, which will be calculated “based on consumer expenditure data from 2019-2020.” We can guess the direction it will go in. It will make inflation disappear.

The media is making it disappear as well:


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The Great Leap Forward
The Great Leap Forward
6 months ago

@ GG,

Communism is really about destroying nations and enriching most favored apparatchiks with some crumbs being thrown to useful idiots.
The useful idiots get their reward with violence and retribution on those who dared to laugh at their harebrained half baked ideas and think for themselves.
Utopia is not on the menu and there will never be a New Man.

D3F1ANT
D3F1ANT
6 months ago

Just like they changed the definition of “fully vaccinated” made “gain of function” disappear down the Memory Hole, and made “patriot” synonymous with (so-called) white supremacy. We watch them pull the scam off…they do so overtly. But we all play along like good little sheeple and that’s why it works for them–to America’sdetriment–again and again.

John Vieira
John Vieira
6 months ago
Reply to  D3F1ANT

“THEY” gave you the “fraud” and “side kick heels up” under cover of the Covid Psych Ops – which is STILL accelerating with no speed limit in sight – and administering the bio-weapon to five years + and advocating a world of “boosterism”…all favour the Main sewer Stream fake Media that is the official “organ’ being used to screw us…some time ago the meanings of patriot and traitor appear to have been ‘officially’ transposed…

GuvGeek
GuvGeek
6 months ago

We knew about the Communist in the 1930’s, but the Nazi’s became a bigger threat in the 1940’s. The House Un-American Activities Committee was started in 1938. In the 1950’s Joe McCarthy tried to warn us about the Communist, but no one would listen. After the collapse of the USSR, we found out that Joe McCarthy was far more right than wrong. America went into decline in the Late 1960’s when we should have rounded up all the Communist in the Universities. The decline became apparent in the 1970’s when America went on the “Oil Standard” because we could no longer maintain a Gold Standard and the Oil Cartel in the Middle East, OPEC, then cut oil supplies. By the 1980’s we were sending our manufacturing overseas, first to Japan. In the 1990’s we sent manufacturing whole sale to China. We have been sold out by the best Politicians money can buy and greedy Industrialist; now Technocrats. We are at a point where Civil War is a clear possibility. Hopefully, we will hang the Traitors once we take back the Government. We need to make the opportunist think twice before they commit Treason in the future. The Government can do all the playing around with numbers they want, but every time a Patriot goes to the grocery they know that the Traitor Joe Regime is a failure. If we don’t start now to reduce the Federal Government to 5% of GDP over the next 10 years, whatever is left of America will collapse. America’s failure is 100% driven by the expansion of the Federal Government beyond 5% of GDP. Today, with the Massive Federal Redistribution of Wealth, we are already a Communist Nation and it isn’t working. ALL Communist Nations Fail because producers stop producing and the Government is forced to print worthless Fiat Currency.

Some Onion Soup For You
Some Onion Soup For You
6 months ago

Jimmeh, Jimmeh Carta?
Ol’ Jimmy is smiling and saying thank you Barry and Brandon.
These things always happen with CPUSA preezys but the people aren’t all that bright and have the attention span of a gnat so it will be repeated.

@ Anon,

The globalists ordered Nixon to open relations and China and make the dollar fiat? (rhetorical)
He also started the drug war which led to the private for profit prisons in armpit of the world towns and gave the police ways to get around the fifth amendment.
Read an econ article yesterday stating that the global economy is done and subjugation of the population is the last cash cow.

Anonymous
Anonymous
6 months ago

America’s standard of living has declined most every year since the early 1970s. Check any graph on the subject, whether it be inflation, dollar value etc. and you’ll see the graph inflect either up or down, depending on the item tracked, in the early ’70s. Back in the ’50s and ’60s a man could go out and get an average job and in a couple years could have a house, wife at home should she choose, a couple kids and a car. That has been utterly impossible since the ’80s and continues to be a dream from another galaxy. Nixon took the U.S. off the gold standard in August 1971 – a critical milestone in the decline of the standard of living since that era………….