http://albertpeia.com/biggestlieevertoldandsold.htm
‘The US has been
lying to all of us for decades now.
We’re not talking
about some kooky conspiracy theory… we’re talking about INFLATION.
By understating
inflation, the Federal Government and Federal Reserve have done two things:
1)
Exaggerated our economic growth.
2) Lied
about the true cost of living in the US.
Regarding #1, every
time the US prints GDP growth numbers, it adjusts this data for inflation. The
reason for this is that if the economy grows at 10%, but prices also rise at
10%, then there really hasn’t been any actual growth.
To deal with this,
the US adjusts its GDP measures for inflation to make it appear as f they’re
objective. The only problem is that the US adjusts GDP using a phony inflation
number that is much lower than reality.
A great example is
last quarter when we were told that the GDP grew at an annual rate of 0.1%. The
reality is that if you used realistic inflationary measures, the US economy
SHRANK at a rate of over -1% last quarter. Yes, negative 1%. The worst GDP
print since 2009.
The same lie has
been extended to the US population about our standard of living.
For decades now
we’ve been told that we were getting wealthier because incomes were growing and
asset prices like stocks and real estate were rising.
However, the reality
is that inflation was the source for much of this “growth.” The US Dollar has
lost nearly 20% of its value in the last decade. The end result is all of us
are paying much more for EVERYTHING. But we’re being told that we’re
actually richer because incomes are up
This is why
understating inflation is a HUGE LIE: it is a lie to all of us that our living
standards are improving when in fact they’re not.
And the media is
FINALLY beginning to report on it.
Those who know
the price of everything and the value of nothing are said to be cynics.
Americans can be forgiven for being a bit cynical, though, when it comes to
prices. Their own cost of living rarely seems to be as low as official
statistics claim it is.
Friday’s
consumer-price index for February is seen rising 0.2% month on month, excluding
volatile food and energy costs. That would bring the year-on-year pace to 2%.
A change to the
inflation-measuring process 30 years ago by the Bureau of Labor Statistics,
Uncle Sam’s arbiter of prices, is starting to raise eyebrows again. Since 1983, house prices haven’t
been part of the consumer-price index. Instead, the BLS calculates “owners’
equivalent rent,” a mix of actual rents and what homeowners guess their homes
would fetch if rented.
http://online.wsj.com/article/SB10001424127887324392804578360553019755538.html
Look around you. The
cost of everything is increasing dramatically. Gas prices are UP. Home prices
are UP. Healthcare costs are UP. Energy prices area UP. Everything you need to
survive is UP.
Forget the Fed’s CPI
measure. Inflation is here now. And things are only going to be getting worse
going forward. History has shown us countless times that you cannot print money
without prices soaring. There is not one single instance in which currency
devaluation has not done this. And the US Federal Reserve is now printing
$84 billion every single month.
What effect do you
think this will have on the cost of everything? Yes, everything will be going
up even MORE.
Make no mistake, now
is the time to be preparing yourself and your portfolio for this. Inflation can
take its time to arrive. But once it does… things move very very quickly.
If you’re concerned
about inflation… there are some very simple but HIGHLY EFFECTIVE means of
shielding yourself from it… and you can learn about them in detail by…’
Best Regards,
Graham Summers