Government Lies the Rate of Inflation index Changed to Misinform the People
Why did the government change the way inflation is calculated, to misinform and mange the American people, well let me say we do not now or ever desire to be manged, wake up America we are in big trouble! by Catherine Elizabeth
Saturday, June 18, 2011
The liberal progressives on both sides of the political spectrum have had a head start; for quite a few decades managing; nudging us to their ideology; in media, in our schools propagandizing our children and frankly we didn't see it coming at least I didn't; being to busy living; believing our elected officials were in place to secure the American peoples interests; to keep us safe and make common sense solutions for our country. But today we wake to find a new day with evil all around where people are not what they seem.
Main stream media seemed out of touch; wanting to advance an agenda one ideology. Their attacks were harsh and nonsensical; they were no longer trust worthy. I found a few fair and balanced news sources, on cable and online, I could finally listen to like mined people, people that spouted common sense solutions about our debt, and other pressing problems that the nation faces.
So I started listening and investigating on my own, I found an out of control government, an economy on the brink of collapse and realized inflation would be our downfall. In the 1980s the government always calculated the REAL rate of INFLATION; then in the 90s things went array or did they? This deception was managed; our own government changed the way inflation was calculated, to misinform and mislead the American people so we would not see what they were doing behind the scenes?
The reason is that they wanted to keep the real numbers from the American People so they could fundamentally change America, even against our wishes. Somehow the elite always think They Know Best. Well I have news for them; We the People Know Best.
Take a look at this chart for the real numbers.
Alternate Inflation Chart
The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place 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.
The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS).
While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index.
Here we show the annual percent change (year-to-year) in both the CPI-U and the SGS-Alternate CPI.
Please click on the link provided below to view the chart
Washington keeps up this facade telling us that inflation remains relatively low. Even after they change the way we calculate the rate of inflation in the 1980s if you look at the Commodity Price Index chart indicates that the real inflation rate was over 20 percent for the past 12 months, more than 30 percent for food even higher for commodities we really need to live.
Cotton is up 132 percent, Agricultural raw materials up 39 percent, Oil up 21 percent. Coal up 36 percent & Metals up 57 percent, Coffee up 70 percent, as well as Wheat up 62 percent, Beef up 39 percent, Fish up 31 percent. Hard logs are up 19 percent, Soft logs up 27 percent. Rubber is also up 79 percent. Wool is up at over 57 percent. Fertilizer is up to 39 percent. Soy beans up 42 percent. Corn is up 58 percent, and Silver up 60 percent; Industrial Inputs Price Index up 51 percent. Commodity Food Price Index up 30 percent. Commodity Fuel Price Index up 20 percent. Overall Commodity Price Index up 20 percent.
I am thinking Obama's words would be with a smile. Yes we can say Catastrophe exactly what he is hoping for?
US inflation data going back to 1665 shows it was fairly stable up to the Fed's 1913 creation. It then began rising and accelerated post-WW II. Government calculations mask it. Alternative ones are more revealing and accurate. Except for minor price declines in 1944 and 1955, the US hasn't had a deflationary period since the 1930s. Abandoning the gold standard is why. It imposed monetary discipline. Roosevelt went off it in 1933. He had to. The banking system collapsed, money supply imploded, and economic stimulus was needed. It released the Fed to create money freely. Therein lies the problem and it shows up in the numbers.
Given the federal deficit and out-of-control spending, fiscal policy limits have been reached. The Fed's in the same bind can neither stimulate the economy nor contain inflation. Rate cuts have done little. Saving the dollar may require raising them, but that won't "contain non-demand driven inflation." It shows up in high food, energy, health care, and companies like Dow Chemical announcing on May 28 that it will raise prices across the board up to 20% to offset increased costs. States Walter John Williams
These deceptive tactics illustrate one more reason why We the People need to take control over our government. We the People have neglected our duties, teaching our children and preserving our history, failing to protect our Freedoms and the coming generations; so please lets get busy we have a lot of work to do!
1. Downsize by 50% or more to a manageable entity
2. Congress meet every two years, this limits legislation
3. Term limit amendment, this is not a career.
4. Adjust Congress pay scale to military pay. Entry level pays, only.
5. Abolish the Federal Reserve; they are the root cause economic bubbles
6. Abolish the Dept. of Education, this is a state responsibility
7. Abolish Home land Security, let the FBI, CIA, do their jobs
8. Abolish the IRS then replace with a fair tax10% is good enough for God its good enough for my government employees to use to protect us.
9. Abolish EPA and FCC and frankly any agency that seeks to over regulate
10. Abolish all Public Unions, implement safety reform for workers can be at state level; today union money and members are being used as a political machine, it has become a corrupt entity.
Williams mentions various types of hyperinflation. They range from the double or triple-digit kind, several-fold that level, to what happened in Weimar Germany when it went to infinity. Once the genie is unleashed, there's no telling how bad things may get. Williams sees them getting pretty bad. So much so that dollars get dumped, holders flee to safety, and a downward spiral intensifies with no idea of a bottom.
In his view and others, the culprit is fiat currency, without gold backing. Its worth depends solely on the full faith and credit of the issuing government. Absent and the currencies crash; print too much of it, and that's its future. Examine Fed policy under Greenspan and Bernanke, and draw your own conclusions.
They've been virtual money-creation machines unmindful of the history they should know. By issuing too much of a good thing for too many years, they fueled asset bubbles. When they burst, they made things worse and may now have headed the economy for collapse. In Williams's judgment, America today is no different from other nations in other eras that followed similar policies. They all met the same fate, and today this country has already "obligated itself to liabilities well beyond its ability ever to pay off." Not a cheery assessment and he's not alone in his beliefs. States Stephen Lendman
Free market economics predict that this recession will last a long timemore than likely culminating to another Great Depression; inflation is going to climb as our currency becomes useless and unless Congress listens to the American people and talk serious about the debt, and spending in Washington our economy will collapse. Prepare America for time is running out.
I believe this administration is making it happen, if our president can collapse the economy then they can move us to a fundamental transformation into the slave market of his utopian dream of socialism. Where we will be forced to live within the standard that the administration deems appropriate not what we were endowed by our creator.
Where redistribution of wealth is achieved to make us dependent on the government and grow the size of government all with a smile well thanks but no thanks I am an American and I will be free and let me say it again, I will be free.
Lets face it the progressive liberal truly believe we need to exist at a lower standard of living to appease the rest of the world
How about you America do you want to keep the great American experiment alive? Then lets continue to fight for our freedoms together!
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in this article are those of Catherine Elizabeth only and
do not represent the views of Nolan Chart, LLC or its affiliates.
Catherine Elizabeth is solely responsible for the contents
of this article and is not an employee or otherwise affiliated
with Nolan Chart, LLC in his/her role as a columnist.