Return Styles: Pseud0ch, Terminal, Valhalla, NES, Geocities, Blue Moon. Entire thread

Government is falsifying Inflation info.

Name: Anonymous 2008-05-17 4:27

There is an easy way to check whether the Government is lowballing inflation reporting. Look at how much labor is required to buy elements of the American dream then and now. In 1970 it took 48 months to purchase a median home, today it takes 100 months. In 1970 it took one month of work to pay for a year of family healthcare. Today it is 4 to 5 months. In 1970 it took 2 weeks of work to pay for a year of in-state college tuition. Today it takes 3 months.

If the govermnet was telling the truth, then wages would have more or less kept up with inflation. Clearly they have not. If you look at economists (see www.shadowstats.com) who apply the economic yardsticks used in 1980 to today's economy, you will find that we have inflation of 12%, unemployment of 13% and have been in recession through most quarters since 9/11.

When inflation is under reported, wages do not keep up and there is an insidious loss of purchasing power. The Gini index, which measures the destruction of the Middle Class, is at a record high. The last time we even came close to the present level was in 1929.

Name: AnOnYmOuS 2U 2008-05-19 6:05

Falsifying inflation info?!?!?!
THAT'S THE LEAST OF OUR WORRIES!!!
The entire reason we have inflation is cause of where that value is going and where it's coming from!

The value of the inflation is derived from the cost of the dollar, 4 cents.
How can something that says, "1 US DOLLAR", actually mean 4 cents, you ask. Talk to the Federal Reserve, a private organization not controlled -checks and balances- by our own government.

So basically,
Federal Reserve -> Prints money $1.00 bill (total in circulation) "demonstration"
US Government needs $10 dollars for whatever
->Federal Reserve GIVES US Government $10 dollars as a loan.
->Federal Reserve TAKES value of US Dollar down by how many dollars given by how many dollars in circulation.

Here's the fucked part,
->Federal Reserve charges interest on the loan of $10 so now that $10 dollars becomes $25, ie
1/25=.04<new value of dollar.
For every dollar the US government gets from the Federal Reserve, We the Working People are charged for it via inflation (deflation of value of dollar),
but wait there's more!

How do you think that OUR US Government pays back the $25 dollar loan, $10 principle - $15 interest?
Federal Income Taxes!

So basically...what I am saying...is...
WE THE WORKING PEOPLE GET CHARGED AGAIN!

It's the biggest goof of all time! But we've been sold on it for almost a hundred years, 1913. The creation of the Federal Reserve.
The question then arises, hmmm. What financial happening occurred 16 years later? :|
I swear, it's the biggest joke of all time, took us almost a hundred years to financially catch the punch-line!

Newer Posts
Don't change these.
Name: Email:
Entire Thread Thread List