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Is inflation index out of touch?

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posted on May, 22 2008 @ 11:13 AM

Is inflation index out of touch?

The government's Consumer Price Index is up only 4% over the last year -- but for most Americans, the pinch feels much worse. Here's why.

The prices now rising fastest are the ones people see the most. Gas prices hit a record $3.78 a gallon on May 15, according to AAA, up 38 cents in the past month. Food prices in April notched the biggest monthly jump since 1990.

So while the prices of some important items bought less frequently -– cell-phone service, clothing, a house -- have fallen or remained flat, the view at the checkout counter is grim
(visit the link for the full news article)

posted on May, 22 2008 @ 11:13 AM
Well, yet another article talking about inflation, and whether it is really that bad. all a matter of perspective, right?

If this has already been posted, please delete
(visit the link for the full news article)

posted on May, 26 2008 @ 06:56 AM
the USA inflation index is way-way-way out of line with reality.

here's a 1 degree of seperation proof...

Saudi Arabia
and Qatar, United Arab Emirates, all are experiencing greater that 10 % inflation because of their currency being pegged to the USD.

...Up till yesterday, 25 May 2008, when the USA gave approval to the UAR and Qatar to de-peg from the USDollar and create a basket of GCC (& possibly the Euro among other currencies) in direct competion with the USA petrodollar

the UAE currency known as the AED, is currently worth .27+++ of a USD,
but in a short time look for the Forex (money exchange) to revalue the AED at somewhere near .40 cents on the dollar.

Look also for Chinese currency to appreciate in value. Slowly before the Olympics, but afterward ---Whoosh! the Chinese are losing over 12-16% value on their USD & treasury holdings and they aren't going to abide that loss.

for present conversion values see the calculator that Reuters has available

One has to understand the conversion rates are based on the false inflation reports stated officially by the US govt/treasury and the manipulation of accounting by the Fed Reserve...
which puts domestic money inflation at 2.6% average for the last 8 years,
but the rest of the world is experiencing 7%, 10% and up ???
it just does not make sense !

posted on May, 26 2008 @ 07:00 AM

Originally posted by St Udio
...Up till yesterday, 25 May 2008, when the USA gave approval to the UAR and Qatar to de-peg from the USDollar and create a basket of GCC (& possibly the Euro among other currencies) in direct competion with the USA petrodollar.

Whoa.. did I miss that??!! Where can I read about that little bombshell?

posted on May, 26 2008 @ 07:04 AM
To say it is out of touch implies that it is accidental. I would say it is deliberately misleading. How they can think it is a fair assessment of inflation to exclude food and gas is ridiculous. It is all just done to create a false sense of security. If they started running the real numbers on inflation, it would only fuel more panic in wall street and the economy would spiral even further out of control. Sadly, we have created a system that pretty much forces us to lie to stay afloat.

It is kind of like setting your alarm clock ahead 10 minutes. You know it isn't really 5:30, but you need to lie to yourself to be on time.

posted on May, 27 2008 @ 12:31 PM
the article is titled:
US comfortable with GCC dollar de-peg, dtd 26 May 2008...

it was another insider, Merrill Lynch, who has been gifted the duty
to be the quiet outlet for these secret initiatives being sprung on the unwary.
which allows a lot of upper elites to adjust their strategies with this
almost whispered policy ammendment to the public at large.

posted on May, 27 2008 @ 01:00 PM
reply to post by Karlhungis

I'd say you're dead on there, Karl.....except the alarm clock is set about an hour and a half ahead......

All one had to do is dig out the grocery receipts from a year ago, or less.....and compare them to today's!!

It is certainly ridiculous to not include groceries and gas in the equation, once you retire ( hopefully your house is more or less paid for and out of the equation) groceries and gas are all one can afford!!

posted on May, 27 2008 @ 01:37 PM
The current issue of The Economist magazine has a one-page story on global inflation, and you can read the first few paragraphs of that story online:

Look for a free copy of The Economist at a local library to finish reading, or pay the going rate at your local bookstore or newsstand. It's definitely not a feel-good assessment.

The above link also links to that issue's second, more in-depth (3 page) article on inflation in emerging economies around the world.

A new book by a former U.S. Republican strategist, Kevin Phillips, fleshes out the meat on this skeleton of bad economic news. It is titled Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Here is a link to the Amazon description:

He also recently was interviewed by Democracy Now! host Amy Goodman in a very frank discussion of the bad economic news facing the U.S. economy:

In this interview, his analysis of how U.S. economic statistics have been fudged was particularly illuminating.

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