Registered: Aug 2003
Posts: 660

I am so sick and tired of the government quoting Core CPI rates being so low, and excluding anything and everything that is contributing to this rise. I live in NY, USA, and estimate that I've seen inflation increase overall by 7-8 %, year-over-year. Here are some examples of what I've experienced first-hand, with diligent record keeping:

- Gasoline Increase of 16%
- Home Heating Oil Increase of 15%
- Food price increase of 12%
- Health Care Insurance increase of 17%
- College Tuition Increase (Public University) of 5%
- Electric Increase of 12%
- Local School Tax Increase of 2.8%
- Cable TV - increase of 6%
- My youngest daughter's dance tuition (discretionary) - 6%

Yes, a lot of this is directly related to the price of oil, but to exclude that from computation, and state that we are still living in low inflationary times is just plain 'ol distortion of the truth.

Is it me, or is it the government, media, and Wall Street just pulling the wool over eyes to deliberately keep interest rates low in this precarious economy of ours?

Registered: Oct 2005
Posts: 4271

I think you just answered your own question don't you.

All politicians are liars. If they told you the truth the wouldn't be elected. People are as much to blame because the don't want to hear the truth, that's why decent politicians like Ron Paul and Gary Johnson have no chance. The truth hurts.

With the exception of Canada and Australia I strongly believe all G20's are insolvent. Now what do you supposed would be happen if Obama came out tonight and validated that with Bubble Ben standing side by side.

Registered: May 2002
Posts: 6422

waiting to see how they going to f*** their own stats and way they calculate them after this-

http://www.nytimes.com/2012/02/19/t...y-up-to-25.html

China is raising salaries all over the place so..even those flat screens will rise..but i'm with OP-it's a highway robbery for savers and i'm sick and tired of it...

Registered: Apr 2005
Posts: 7534

Inflation doesn't exist. Inflation is a made-up word, according to the FED.

We're paying $1.33 per liter, for regular unleaded ($5.02, per gallon), up here in Toronto.

Canada is not solvent. Trust me. Ontario's debt to GDP is 40%. FORTY PERCENT. 26% of Canadian GDP is comprised of exports to the US. Our housing bubble never popped. Craptastic 1500 sq ft fixer uppers are going for half a million. Consumer debt to income levels are at *record* highs. So America goes, so we go. America has four years to get its shit together before they do Greece. If not, they debauch, and Canada gets smoked.

Registered: Jun 2011
Posts: 7356

bout tired of you people who don't know the difference between inflation and rising prices

Registered: May 2002
Posts: 6422

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Quote from oldtime:

bout tired of you people who don't know the difference between inflation and rising prices

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