CPI & M3 Fraud
We have been banging this drum for quite some time... "There are lies, damm lies, and statistics."
1. The CPI with its hedonic and seasonal adjustments does not approximate the actual rate of inflation or stagflation we are experiencing.
2. M3 growth is above and beyond what the governments and central banks are reporting.
3. A systematic competitive devaluation of currencies is ongoing amongst the central banks.
4. All of the above combine to debauch and erode the real value of your hard earned money.
In other words, the world governments through central banking are robbing the public blind as they sleep.
Some noteworthy empirical data can be found at Shadow Government Statistics.
For example US M3 is growing at 10% vs 5%, GDP is at negative 1.75% vs +2.6%, YOY CPI inflation is at 9% vs 2% and the dollar index is at 52 vs 84.
Its nice to get some validation that I am not the only one holding a jaudiced eye towards government statistics, agencies and their media spin cohorts. Have a look for yourself.
1. The CPI with its hedonic and seasonal adjustments does not approximate the actual rate of inflation or stagflation we are experiencing.
2. M3 growth is above and beyond what the governments and central banks are reporting.
3. A systematic competitive devaluation of currencies is ongoing amongst the central banks.
4. All of the above combine to debauch and erode the real value of your hard earned money.
In other words, the world governments through central banking are robbing the public blind as they sleep.
Some noteworthy empirical data can be found at Shadow Government Statistics.
For example US M3 is growing at 10% vs 5%, GDP is at negative 1.75% vs +2.6%, YOY CPI inflation is at 9% vs 2% and the dollar index is at 52 vs 84.
Its nice to get some validation that I am not the only one holding a jaudiced eye towards government statistics, agencies and their media spin cohorts. Have a look for yourself.
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