Saturday, 18 November 2017

Inflation is Daylight Robbery........................from Rico

Many know John Maynard Keynes as an economist. Virtually all Western economies are now run according to his theories, since all Central Bankers are pupils of Keynesian Economics and that is the ONLY economic theory taught to undergraduates/graduates today.
- Few know that he also fancied himself to be  Bolshevik.
 
In his own words:
 
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
 
If you think Government, Central Banks, or Keynesian economists were your friend, and you're not in the top 1%, you are mistaken, misled, and/or deluded.
 
The US Government's official forecast for the 2018 inflation rate is 2%.
- The inflation rate for 2017 has been declared to be 2%.
- For 2016 the inflation rate was deemed to be 1.26%.
 
John Williams of SGS Shadowstats calculates the inflation rate using the government formula from the 1980's...before the USG started using a formula which grossly understates inflation.
- SGS calculates that the inflation rate is currently running at 9.8%, a far cry from the 'offishul' 2%.
 
Look at the price changes from 1996-2016, and decide for yourself who to believe.
- Not that government would "lie" about anything, mind you.

No comments: