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Post by blackfeather on May 19, 2021 13:16:36 GMT
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Post by Ozarks Tom on May 19, 2021 14:02:30 GMT
I'd say Mr Schiff is being conservative in his estimate. Shadowstats has an "alternative" measure for inflation based on previous, 1980 & 1990 standards for their numbers. The 1980 standards were when true inflation was measured including food and energy, the two things most pertinent to the people, not today's standards that use prices inconsequential to most of us, like automobiles. Their figures show our current rate of inflation to be over 11% and increasing, not the phony 4.2% the government is telling us. www.shadowstats.com/alternate_data/inflation-chartsTake Mr Schiff's estimate of increase and apply it to Shadowstats' figures and you end up with around 40% inflation by the end of the year. The official unemployment numbers say we're at about 8%, while Shadowstat numbers which include those not looking for work but not drawing unemployment show around 25%. www.shadowstats.com/alternate_data/unemployment-chartsWe all know the government numbers are carefully constructed lies to put the best possible face on their poor handling of the economy, but it's startling to see the real divergence in the numbers and just how big those lies are.
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Post by Deleted on Jun 17, 2021 0:44:20 GMT
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Post by Ozarks Tom on Jun 17, 2021 12:17:26 GMT
I've noticed a lot of the positive numbers being touted are comparisons to last year, when the country was basically shut down. GDP jumping 14% isn't a surprise when you consider GDP was stifled all through 2020.
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