Year To Year Inflation at 8%

Discussion in 'Politics & Religion' started by pspr, Mar 1, 2012.

  1. pspr


    Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.

    The not-for-profit research group measures inflation without looking at the big, one-time purchases that can skew the numbers. That means they don't look at the price of houses, furniture, appliances, cars, or computers. Instead, AIER focuses on Americans' typical daily purchases, such as food, gasoline, child care, prescription drugs, phone and television service, and other household products.
  2. Motor fuel, inflation? Really?!!?! This is called research?!?! Horrible.
  3. Wonder how much that research cost? Of course it's true, but I think we knew that already. Those of us who actually buy 'stuff.'

    But, thanks for posting Mr. pspr - I don't think you'll have much dispute on this one.

  4. Wallet


    All commodities are up over the past few years, however the inflation is caused by the weakening of the US Dollar by the Fed's continuous printing press. What sucks is trying to protect your buying power by diverting from Fiat to physical holdings and then being taxed on the "so-called" gains.........
  5. Now apply the revised CPI to GDP for the past 20 years, and it's obvious the economy contracted for most.

    Despite what anyone tells you, the BLS is a political body. What they do reclassify YOY price changes as "short-lived price spikes" to reduce headline inflation, which bumps GDP etc. It's a big fucking game.
  6. pspr


    Never fear. IQ-47 will be along soon to dispute the findings. :D
  7. Why not buy physical metals with cash?
  8. Lucrum


  9. Wallet


    You can but you're going to pay sales tax on the purchase, and don't forget to report the increase due to inflation on your tax return when you sell it.
  10. Depends where you buy? Re tax return....ya, I guess...:p :p :cool:
    #10     Mar 2, 2012