Speaking of BLS fairy tales, they aired a segment on National Propaganda Radio tonight focusing on the whys/hows as to how there is a movement to revise the CPI again, because....and I swear on all that is holy that this is accurate and there's a serious proposal on the table....
....the current methodology OVERSTATES INFLATION. I repeat, there are very serious people within the BLS, the Fed and other prestigious (implied /sarc) institutions, that are actively pushing to have the BLS move to a "chain inflation" methodology of tabulating inflation.
New Inflation Gauge Would Cut Benefits, Hike Taxes : NPR
The inflation measure under consideration is called the Chained Consumer Price Index. On average, the measure shows a lower level of inflation than the more widely used Consumer Price Index.
The chained CPI assumes that as prices rise, consumers turn to lower-cost alternatives, reducing the amount of inflation they experience. For example, if the price of beef increases while the price of pork does not, people will buy more pork.
I have a better idea: If you're cold, just sleep outside in the snow, and you'll fall into a warm lull harkening death. That'll cut expenses. Substitute that. If you're hungry, instead of buying and eating food, don't. You'll really save some money that way. Forget medical coverage/treatment and driving. You don't really need to see the doctor & you can walk to wherever your going - cha-ching, money in the bank.
This is beyond surreal at this point. It's like nothing I've ever witnessed, experienced or lived through before.
This tells me (this being this noisy announcement via National Propaganda Radio) that they are floating this to see how much backlash there will be and to prepare the sheeples' minds, B.F. Skinner style, for more, bigger lies and horse manure.
I found this in commentary on the Zerohedge site and thought ya'll would find it fascinating. Enjoy your distributions, while they keep comin :).
Since everyone is now expecting deflation and holdings of commodites and their ETFs are at the lowest levels in many years, it stands to reason that the next big move will be an inflation scare that preceeds a REAL delfationary period. We had similar in late 2007 and early 2008 before that big crash. Since nothing has changed except the bankstas getting their mulligan (hope and change) from Obummer when he became dictator in 2009 (even though he sez he is not one), why should things play out different this time?
Mr. Market ain't gonna let those god fearing peeps who are all crowded into high yield bonds, dividend paying stocks and gov't bonds REALLY profit this time. He'll just shake 'em from their trees and then we will proceed to DIVE--later this year or early in 2014.
Lumber, plywood, drywall, insulation, roofing, and many more building materials have seen 10%-30% up moves since the first of the year. This is hyperinflation in action. Mills and manufacturers are hemorrhaging bottom lines and can't take it anymore. Builders are freaking out. This is the reality that gold should be signaling. Probably just another reason they're accelerating the gold derivative suppression.
- James McShirley
A couple weeks ago when you commented on the low CPI fiction, I said they were saving the Social Security system by outlawing inflation. Well, that is turning out to be the case. They'll just keep fiddling with the numbers until they get the answer they want: 0%. They know if they announced they were going to stop giving cost of living increases, there'd be a huge outcry. This way, they can pretend to be giving protection against inflation and maybe we'll all just go along with the ruse.