The Fed is lying about inflation.
How do I know?
Because several of the Fed’s OWN in-house inflation measures are roaring.
The New York Fed’s UIG inflation measure is currently clocking in at 3.06%.
The Atlanta Fed’s “sticky” inflation measure is growing at an annualized rate of 2.2%.
Even the Fed’s heavily massagedPersonal Consumption Expenditures (PCE) metric is growing at 1.8% on an annualized basis, only slightly below the Fed’s so-called target rate of 2%.
So when I read that “inflation is subdued”or isn’t “rising fast enough”to warrant concern, I know the Fed officials claiming this aren’t even bothering to look at the Fed’s own data.
Even if you don’t believe the Fed’s data, the $199 TRILLION Bond Market is SCREAMING inflation.
The yield on the all-important 10-Year US Treasury has made a confirmed break above its long-term downtrend.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
Ron Paul is credited with correctly identifying INFLATION:
It is the CURRENCY which is inflated (printed).
The US Dollar has been counterfeited for decades now (prior to Aug 15, 1971).
The US abandoned Bretton Woods specifically BECAUSE it had already violated Bretton Woods.
It was printing US Dollars to finance the illegal Viet Nam War, for which it did not have the gold.
It was France who first called attention to the fact and soon after, POTUS Nixon ended Bretton Woods agreement.
The US Government is a criminal organization and is enslaving its citizens by devaluing their labor through inflating the currency.
It is criminal.
Most Americans don't understand what I just typed.
Sad.
11:14
Some of us get it and appreciate your comment. Interesting way of looking st it. Abandoned Bretton Woods.
So that started the problems of present day. Inflating the currency. Leads to price increases. Thank you
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