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The real inflation in the US currently is about 10%: "Using the government's old methodology from 1980 - before politicians started to monkey with the formula

The real inflation in the US currently is about 10%: "Using the government's old methodology from 1980 - before politicians started to monkey with the formula - he calculates the real inflation rate is north of 10%." http://www.marketoracle.co.uk/Article33502.html http://www.marketoracle.co.uk/Article33502.html BMW are up 20% year-to-year. Food is up. Medical expenses and insurance are up much more than 10% on average. All the necessities are 10% up or more. Again, if you use the US Government formula of calculating inflation from the Reagan years, we have 10% inflation right now. They lied about Iraqi weapons of mass destruction, no problem with lying about the real inflation rate. If you live in the US, it would be really very, very intellectually dishonest to say that inflation in the US is below 3% today.

cagey 13y ago
"They lied about Iraqi weapons of mass destruction" Looks like, according to US Attorney General Eric Holder on 22 April 2013, there were vast quantities of WMD's in Iraq http://www.guardian.co.uk/world/2013/apr/22/boston-bomb-suspect-dzhokhar-tsarnaev-charged http://www.guardian.co.uk/world/2013/apr/22/boston-bomb-susp... "The charges include one count of using and conspiring to use a weapon of mass destruction – an improvised explosive device or IED"
- LekkoscPiwa 13y ago
  Probably we'll never know. My point is not to trust in everything that the Government says, not to pick up on Bush or Iraqi war in particular. The inflation rate if calculated using the Government formula from 1980s in over 10% today. The Government changed the formula to accomodate for high inflation without facing public outcry. Which is huge manipulation and misrepresentation of the state of the US economy. And the both parties are guilty here, not one of them raising the issue of the real inflation rate.

cagey 13y ago

"They lied about Iraqi weapons of mass destruction" Looks like, according to US Attorney General Eric Holder on 22 April 2013, there were vast quantities of WMD's in Iraq http://www.guardian.co.uk/world/2013/apr/22/boston-bomb-suspect-dzhokhar-tsarnaev-charged http://www.guardian.co.uk/world/2013/apr/22/boston-bomb-susp... "The charges include one count of using and conspiring to use a weapon of mass destruction – an improvised explosive device or IED"

LekkoscPiwa 13y ago
Probably we'll never know. My point is not to trust in everything that the Government says, not to pick up on Bush or Iraqi war in particular. The inflation rate if calculated using the Government formula from 1980s in over 10% today. The Government changed the formula to accomodate for high inflation without facing public outcry. Which is huge manipulation and misrepresentation of the state of the US economy. And the both parties are guilty here, not one of them raising the issue of the real inflation rate.