When inflation got high, they just changed the formula. Using the original formula, inflation is above 17% now.
“…consistent data is available via ShadowStats, where economist John Williams updates inflation data using the Fed’s original CPI calculator.” Regarding inflation, ShadowStats says “[i]n 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.”
Elliott tweeted that a review of ShadowStats data shows that “this year the real inflation numbers are slightly more than 2x the official numbers.” He went on: “…if current trends hold…May’s annualized inflation rate will be just north of 17 percent. As a reminder, the worst of Jimmy Carter’s stagflation era topped out at 14.5 percent.” https://nextnewsnetwork.com/2022/06/11/inflation-is-much-higher-than-media-is-reporting/
Yep, was going to post this. It's not the price of goods, it's how willing we are to pay for them to maintain the standard of living we have.. the higher the percentage the less likely. So since we are spending more willingly, the "inflation rate" isn't spiking, which means the cronies will keep pushing until we refuse to, IF we do. It's about the corporations controlling the economy in the end more or less, always has been, at least in the past century. Big oil is the big lie
I wouldn't say that buying necessities like food and gas is "spending more willingly." You want to refuse to buy those things? Let us know how that worked out.
When inflation got high, they just changed the formula. Using the original formula, inflation is above 17% now.
“…consistent data is available via ShadowStats, where economist John Williams updates inflation data using the Fed’s original CPI calculator.” Regarding inflation, ShadowStats says “[i]n 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.”
Elliott tweeted that a review of ShadowStats data shows that “this year the real inflation numbers are slightly more than 2x the official numbers.” He went on: “…if current trends hold…May’s annualized inflation rate will be just north of 17 percent. As a reminder, the worst of Jimmy Carter’s stagflation era topped out at 14.5 percent.” https://nextnewsnetwork.com/2022/06/11/inflation-is-much-higher-than-media-is-reporting/
Corporate Raider Bill Ackman said that inflation was at at least 15% back in December.
Yep, was going to post this. It's not the price of goods, it's how willing we are to pay for them to maintain the standard of living we have.. the higher the percentage the less likely. So since we are spending more willingly, the "inflation rate" isn't spiking, which means the cronies will keep pushing until we refuse to, IF we do. It's about the corporations controlling the economy in the end more or less, always has been, at least in the past century. Big oil is the big lie
I wouldn't say that buying necessities like food and gas is "spending more willingly." You want to refuse to buy those things? Let us know how that worked out.
I'm not replying seriously to you until you get your emotions in check.