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a simple govt lie that masks all truth

  1. 5,500 Posts.
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    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
 
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