Inflation

oregonblitzkrieg

The Rockefeller Foundation were the original funders the feminist movement, which resulted in more women attending college and entering the workforce, because the Central Banks understood that they couldn't tax half the population. This also served to gets kids into school, aka Government Indoctrination Centers, at an earlier age, in order to inculcate the idea of the state as the family. The CIA also used feminism to help destabilize society, in concert with the Federal Reserve. The destabilization of society began with the destabilization of the family unit.

Central Banks are the enemy, not ordinary bankers out for their own gain. Their sole object of the Central Banking System is the enslavement of societies through debt, inflation and taxation. Central Banks play a central role in the Communist Manifesto. Their ultimate goal is to create a One World Government run by the Central Banks.

oregonblitzkrieg

YellowSnow said:

oregonblitzkrieg said:

Inflation is controlled, encouraged, and determined by the Rothschild Federal Reserve Private Banking Cartel, which was illegally created on the aptly named Jekyll Island by a cabal of treasonous politicians and bankers last century. The Federal Reserve and its system of inflation and debt slavery was created to control the United States from the City of London. Money backed by nothing. Richard Nixon then sold the World Fiat Currency, which resulted in the creation of the Euro. The Federal Reserve encourages inflation because its publicly stated mission is to achieve 'maximum employment.' It's private mission is of course, slavery. In the United States, because of the inflation encouraged by the Federal Reserve, it now typically takes two adults working full time in a household to buy the same things that could be bought by one working adult in the past.

The Central Bank system is currently collapsing, which is why Professor Schwab, Prince Charles and other demonic folks in positions of unchecked power are advocating for the Great Reset and the culling of billions.

The Federal Reserve is an intractable fiend, along with the other Central Banks. The US Petro Dollar will be the World Currency no longer, as nations like Russia have joined BRICS to re-create money backed by gold.

Hey @oregonblitzkrieg what is your take on the ‘69 Château Lafite Rothschild?

Cab that drinks like a merlot

HoustonHusky

creepycoug said:

HoustonHusky said:

creepycoug said:

After all of these good posts, I'm still left with the basic question: when do I know that I'm looking at inflation? What bundle of goods represents the right cross-section of the economy to tell us?

Is COVID making too much smoke, as has been alluded in the thread, to really tell? I.e., cranked up demand and fucked up supply lines, etc.?

When do you know? Or, is it not a very precise concept in economics? I really don't know.

Depress yourself by reading http://www.shadowstats.com/alternate_data/inflation-charts

Should be interesting reading the next year, esp if the rumors of a $2 trillion “stimulus” are true.

@HoustonHusky , ok, sufficiently depressed. In your view, is the pre-1980 adjustment measure more accurate? You mentioned that some of the adjustments in methodology were legit.

Here is there full description of it...
http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement.
The idea low interest rates allows increased purchasing power is agreeable and trying to account for that makes sense...the idea if one product gets expensive you would switch makes sense in theory...the idea of compensating by purchasing inferior doesn’t (ie the steak is expensive so I’m buying hamburgers). Same with the idea of discounting new items because they are superior.

I like to look at it this way...it is beneficial to everyone in govt to have the CPI underreporting...makes unfounded Social Security a little less expensive going forward while making GDP growth seem bigger than it is. Anyone think with that pretext when the calculation was redone it would come back showing higher numbers?

Another way to look at it from the 10,000 foot level...has the gap between people with assets and the people without assets been growing or shrinking relative to the reported inflation numbers since 1990?