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Bernanke Buries the Truth on Inflation

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posted on Aug, 17 2007 @ 10:59 PM
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Comment : Debt Ridden Loans are all hidden in thousands of "Maze Tunnels" that, not even the Book-Cooker will be able to Find, Fed injecting phony cash into the Market, is just a ploy to prolong the Agony. Investors with shares on the stock-market, the Pension Fund and many others are going to take the heavy fall, this band-aid job will not stick, it's a one year Boiler ready to Explode.




Bernanke Buries the Truth on Inflation


John Browne
Monday, July 23, 2007

The Truth

As far as inflation is concerned, Ben Bernanke inherited a politically "cooked" inflation book. As our readers know, we and our sister publication, Financial Intelligence Report have spoken often of the "cooked" CPI figures and have explained in outline the statistical methods employed in the "cooking!"

We believe the CPI represents a massive lie. We are not alone in our thinking.

www.newsmax.com...


Mod Edit: External Source Tags – Please Review This Link.

[edit on 17/8/2007 by Mirthful Me]




posted on Aug, 31 2007 @ 05:56 PM
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CPI fraud directly linked to subprime credit crisis

In 1983, the Bureau of Labor Statistics was faced with an awkward dilemma. If it continued to include the cost of housing in the Consumer Price Index, the CPI would reflect an inflation rate of 15 percent, thereby making the country's economy look like a banana republic. Link


I couldn't get your link to work Fifth_C, but I wanted to contribute the above writer's perspective on the relationship between the government CPI index, and the current mortgage melt. To believe that accurate, working, inflation data can exclude the essential costs of housing, food, and energy requires an escape from basic logic. One result of skewed inflation measures, is that they provide a platform for the creation of asset bubbles, credit bubbles...bubbles that inflate prices far beyond what the underlying fundamentals can support. The Dotcom experience was a classic example...in many instances, these assets had zero-real-value. From-dotcom...to real estate...to the commercial-paper-market: the rapid deflation of over-the-counter credit derivatives...the massive, dark underbelly of unregulated credit expansion.




[edit on 31-8-2007 by OBE1]



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