It just dawned on me. I am slow learner.
1) the US govt LIES about inflation; that is a given; it is understated
2) GDP is adjusted DOWN for inflation - to get real GDP
3) Social Security (Pensions) - are adjusted UP for inflation year by year
So, a common, common set of numbers we see over the last 10 years
US govt inflation = 2%
REAL inflation = 6% (let us grad a conservative number)
REAL GDP (reported) = 2%
Now we have the simple LIE of 2% inflation to allow this to happen:
REAL GDP around 2% (we have the 4% inflated GDP less the 2% inflation adjustment)
Pensions up 2% (because the govt decided that)
Throwing away the above scam, we have:
ACTUAL REAL GDP is MINUS 2% (4% growth less 6% real inflation)
Pensioner standard of living FALLS 4% (6% real inflation less the 2% govt pension increase)
On top of that, the criminal US FED, forces interest rates to NIL so anyone with savings (a good pensioner) gets less and less income each year.
A simple, simple lie of 'INFLATION IS ONLY 2% a YEAR' allows the US govt to screw its citizens and report growth in a deflationary depression.
re 'gold', when all people understand the scam clearly, they will invest in gold for protection; so truth and knowledge is postive for POG
- Forums
- ASX - By Stock
- GOLD
- a simple govt lie that masks all truth
a simple govt lie that masks all truth
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)