Government CPI figures are a deliberate fraud on Americans

Americans have been lied to by government for many years about inflation. The inflation rate is much higher then what the government reports. By lying about inflation they erode our standard of living by an average of 3 percent a year and then they tell you how good the economy is and Americans are making more then ever. If that were true how come it now takes two people to work in a family to make end meet when thirty years ago it took one? The buying power of the average wage earner or those who live on pensions or savings has been going down for many years.

The real puzzle to me is how the government gets away with it? Why has the government not been sued for this obvious fraud on the American people?

What’s America’s real inflation rate?

Greenspan’s own solution was to keep interest rates artificially low, as low as the 1 percent interest rates Greenspan in 2003 aspired to hold that low for years – while simultaneously rigging the CPI numbers.The Greenspan years can be characterized as a strategy of lying about inflation to avoid the adverse political consequences of being honest and facing the true cost-of-living music.

By lying about inflation, Greenspan justified 1 percent interest rates, which in 2003 were the lowest rates in 45 years, in a determined plan to keep the economy growing while he was at the helm.

But one result of the Greenspan liquidity party was to fuel real inflation.

So, when you wonder why food and gasoline cost so much when the government says inflation is low, just remember: You are being lied to – something we suspect you figured out long ago, just by going to the supermarket and the gas station.