Peter Schiff says inflation is 20% if measured using the same indices we used in 1980. No way is it only 8%.
Agree
kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
My public school math tells me it is way above 8% unless they are using some "special new math"
Oh, for sure. They arrive at 8% by heavily weighting things like the cost of computer memory per GB of RAM, while eliminating from consideration things like fuel costs, food, and housing.
Yeah, but at least my feelings aren't being hurt by mean tweets. And feelings are important.
"Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are inevitably ruined.”
When the numbers don't support the government's agenda, they just change the way it is measured, get a longer yardstick, so to speak! If you look at the things people have to buy on a regular basis like fuel, groceries, medicine, etc. I would estimate inflation and shrinkflation are close to 30% and there is no end in sight. Fuel alone is up 300% and the oil companies are making record profits on limited supply. I dont blame the oil companies, all this is a direct result of the rulers forcing their green agenda.
An example of inflation is I make $50,000 per year every year. My kids are gone, house and everything is payed. is payed for. I always had the $5,000 ready for my SEP by mid March . This year I had to wait much later to have the money. I never had a problem paying my income taxes by April 15. This year I did not have the money. By June 17th, I always pay my 3 quarterly federal income taxes so I am done for the year. I always had no problem , but tis year I barely had enough. By July 4th , I always had more than enough money saved for my property taxes. This year I will barely have enough by July 4th and that is if all my invoices get payed and I dont htink it will happen. Everyone seems to be real slow to pay the invoices I give them. ( I'm self employed). Every year , I had enough and then some. After July 4th, I start saving $14,000 for my and my wifes ROTH. I dont think I will have enough money by the end of the year cause I am already way behind in my savings. This is what inflation does. Even though I keep track of almost every dime, there is money getting away from me in many places. I know gas is the biggest extra cost , but I only went to my cabin one time this year to make up for it . I fish much closer to home the last few years and that 5 horse kicker only uses 1 qt. in 3 hrs of trolling so that is not it, although it does cost me about $7 more dollars to go to the lake than last year, but that is only about $50 . Inflation is an invisible tax that is hard to find just where the money is going. I noticed my gas bill for May was $46. It was never $46 in May , ever. Electricity was unusually high too at $77. That is a unussually high since there has been very little air being used . I have gotten so cheap. I make my own yogurt, drive the car to work unless I need to gring tools. I hang all my clothes on the line, even in winter. ( My wife refuses however). I stay home almost every evening, and rarely take a ride anymore unless I can pick up some wild Aparagus . I dont know how to live any cheaper anymore and I just starting to have a life existing instead of living. It is inflation that is doing it, and I dont like it at all. I always gave myself a $1,000 spending gift to myself every year. I woudl buy a gun, or go on some Upper Michigan fishing trip a few times, or something. This year, the money is not even there to do that.
Last edited by ihookem; 06/14/22.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
And that's another thing. We buy our eggs from an old lady that likely makes 50 cents a dozen. She went from $1.75 to $2.50 . No , that is not much and some will laugh about 75 cents. It is however, about 40% more than one year ago and everything is up like that. Figure there is about 30% inflation over the last 2 yrs and that is about 15% per yr.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
The only thing I know of that has been the same price as it was 3 or 4 years ago is Bulleit bourbon at the store I buy it in. Everything else is up 20 to 100%