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Bernanke Buries the Truth on Inflation
Monday, July 23, 2007
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.
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