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It has been argued that using inflation accounting under International Accounting Standard 29 between 2005-2008 the world reserve currency, the US$, is in hyperinflation  using gold as the base currency.
Governments will often try to disguise the true rate of inflation through a variety of techniques. These can include the following:
* Outright lying in official statistics such as money supply, inflation or reserves.
* Suppression of publication of money supply statistics, or inflation indices.
* Price and wage controls.
* Forced savings schemes, designed to suck up excess liquidity. These savings schemes may be described as pensions schemes, emergency funds, war funds, or something similar.
* Adjusting the components of the Consumer price index, to remove those items whose prices are rising the fastest.
None of these actions address the root causes of inflation, and in fact, if discovered, tend to further undermine trust in the currency, causing further increases in inflation...
Centrica said that wholesale gas prices in the coming winter would be up 89% on the previous winter.
BLS calculates the CPI for two population groups, one consisting only of wage earners and clerical workers and the other consisting of all urban consumers. In addition, a Core CPI, which excludes volatile food and energy prices and a Chained CPI are also widely used measures of consumer inflation.
If the BLS is deliberately underestimating the rate of inflation,
you are receiving a smaller paycheck than you would get
if the CPI were calculated using a balanced methodology.
If we examine how the CPI is calculated,
we find multiple examples
of questionable data manipulation
and institutional deception entrenched in public policy.
And this raises a question:
if the CPI is not a price index,
then why is it called a price index?
Isn’t this a bit deceiving?
"I will tell our citizens and continue to remind them that the risk of doing nothing far outweighs the risk of the package, and that, over time, we're going to get a lot of the money back."
It is absolutely no secret that printing money out of thin air has always been one of the easiest solutions to economic disparity in the United States.
It isn't so far-fetched to think that the true urgency of our economic situation has been covered up.
...Especially when you look at some of the more recent congressional hearings on economic issues. And then you suddenly have Ben Bernanke saying
"we’re literally maybe days away from a complete meltdown of our financial system"