(Clint Siegner) Americans are waking up to some uncomfortable truths. One of these is the fact that government bureaucrats and the corporate media regularly lie about what is going on in the world.
Related Chinese Index Predicts Trumpslide
by Clint Siegner, February 7th, 2022
They tell us the Federal Reserve Note “dollar” is strong and price inflation is completely under control. (We use quote marks because a true dollar is 24.057 grams of silver, whereas the Federal Reserve Note is a form of counterfeit.)
Millions of Americans now notice rapid price inflation and a good portion of them are pouring into physical bullion.
To illustrate just how much nonsense is baked into official inflation data, we are presenting three charts…
The first is a chart of the U.S. Dollar Index (DXY) over the past year. This one is a favorite of Wall Street and central bankers who want Americans to think the Federal Reserve Note is stable, or even getting stronger.
The DXY is very often cited in the financial press and incorporated in trading algorithms. Anyone who doesn’t dig deeper would have the impression the U.S. dollar got much stronger over the past year. They would, of course, be very wrong.
The trick is that the DXY index simply measures the dollar against other major unbacked fiat currencies around the world. It is not a measure of actual purchasing power. Not in the least!
Easiest way to get your first bitcoin (Ad)
The only real utility for this information is among currency traders and charlatans using it to convince people the dollar is much stronger than it actually is.
The next chart is more useful to ordinary Americans. The data is published by the Bureau of Labor Statistics and purports to measure the dollar’s purchasing against a basket of real-world goods and services.
While it is closer to the actual truth, this information has also been used to mislead. Bureaucrats have been busily modifying it over the years to hide the erosion in Americans’ purchasing power.
In times like these, officials would almost certainly rather people just focus on the DXY index. The first chart looks better than the second if you want Americans to stand patiently while being shorn by inflation.
Unfortunately for the political class, it is impossible to hide rising prices for virtually everything.
They developed novel ways to tamp down the inexorable rise in the Consumer Price Index, such as “hedonic adjustments,” geometric weighting, owners’ rent equivalent, and substitution. Government officials have baked outrageous claims right into the data. Ground beef is equivalent to steak and living in an apartment is just as good as home ownership — that sort of thing.
The real inflation numbers may be close to double what’s reported officially. Alternative data sets are out there, but, predictably, bureaucrats are quick to dismiss the information as conspiracy theories published by fringe economists.
John Williams of Shadow Government Statistics (ShadowStats.com) is perhaps the best known of these. How does this “fringe” economist calculate inflation? By using the same methodology the Bureau of Labor Statistics itself employed in 1980.
That’s right. It’s the same calculation minus all of the tricks deployed to confuse people over the past 40 years.
It isn’t a pretty picture. We are back to 1980 levels of inflation rates.
The only difference is most people don’t realize just how rapidly the Federal Reserve Note “dollar” is falling. We can blame the surging numbers on dishonest bureaucrats and unquestioning journalists.
[the_ad_group id=”25840″]
Stillness in the Storm Editor: Why did we post this?
The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper.
– Justin
Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.
Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.
Source:
[the_ad id=”121669″]
Leave a Reply