Gasoline Prices Down 2% and other Government “Statistics”

There’s No Inflation – Everything is Fine…

The pundits seem happy to shrug their shoulders and accept the lies the government keeps pushing. Recently Glenn Beck on CNN showed actual  proof of what the true inflation numbers should be -according to Shadow Government Statistics or SGS.

No Conspiracy Theories Here

it makes perfect sense, according to John Williams who runs SGS  and the Glenn Beck show interview  The US government has modified the formulas and calculations for very good reasons. Social Security, Welfare, and even the Treasury Inflation Protected Bonds (TIPS)  are adjusted to keep pace with inflation. By keeping the “official rate of inflation” down - the payments saved are tremendous - at the expense of people living on fixed incomes and those buying TIPS. .

Chart above from Shadow Government Statistics

shows that current inflation if calculated by formulas and methods in 1982 would have been over 11.6%! Using revised calculations before 1998 inflation would be at approximately  7.3%! The current calculation methods state that inflation is at 4.0%. This still does not explain how the government reported that gasoline prices declined 2% in April…

40 pip Spike on the CPI News

The US Dollar reaction to the CPI numbers took the Euro from 1.5440 to 1.5480 in a few minutes – The Pound also gained about 40 pips from 1.9420 to 1.9460 - and 90 minutes later gave back most of the gains.

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