This blog is designed to give the reader a non-mainstream perspective of what's currently happening an America. I've been sick of being lied too about how the Economy is "recovering". The mainstream media will not show what is really going on in America. Read my blog to see what's up, prepare, and prosper in the next Great Depression.
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Sunday, March 20, 2011
Latest US CPI Inflation Data
The U.S. Bureau of Labor Statistics (BLS) reported their latest consumer price index (CPI) inflation data this past Thursday. According to the BLS, U.S. consumer prices for the month of February 2011 were up 2.11% on a year-over-year basis compared with February 2010. February’s year-over-year increase of 2.11% was up 29% from January’s year-over-year increase of 1.63% and is now above the Federal Reserve’s informal inflation target of 1.5% to 2%.Even the manipulated BLS numbers are showing that price inflation is beginning to spiral out of control, yet the mainstream media is doing everything possible to downplay inflation. Despite the BLS’s reported rate of price inflation rising above the Fed’s target, the media is ignoring this and referring to “core CPI”, which excludes food and energy (the two very things Americans need the most to live and survive). The media is focusing on the core CPI number, which was up 1.09% from a year ago compared to a year-over-year increase of 0.95% in January (even the growth of this meaningless number is rapidly rising), and saying that inflation remains below the Fed’s target. On a month-to-month basis, the CPI rose 0.5% in February. This was based off of a 2.2% monthly increase in unadjusted gasoline prices. The U.S. government’s own Department of Energy (DOE) reported gasoline prices up 3.7% last month.I believe that real year-over-year price inflation in the U.S. is now approximately 6% on a conservative basis. In November of 2010, the CPI was only up 1.1% on a year-over-year basis. At 2.11% in the month of February, the CPI’s year-over-year growth has risen by 92% over a period of just three months. In percentage terms, it is shocking just how fast CPI increases are rapidly accelerating. Yet, not one person in the mainstream media is pointing out this 92%!
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good advice again
ReplyDeletethanks for the awsome advice!
ReplyDeleteExcellent advice
ReplyDeleteEventually money will be worthless, and we'll go back to exchanging resources and services...the only people that will lose out from a failing economy will be the people that have used money to control people for too long already.
ReplyDelete