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Re: America 1950 vs. America 2012

By: Decomposed in ROUND | Recommend this post (0)
Tue, 28 Feb 12 10:29 PM | 47 view(s)
Boardmark this board | De's Test Board 		Msg. 39263 of 45651
(This msg. is a reply to 39256 by ribit)
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re: "any inflation index that doesn't use it is totally useless."

*ALL* inflation indexes are totally useless. Ssshhhh! It's one of the propagandists' little secrets!

Folks aren't supposed to think about this for themselves - because, if they did, they might just come to the [correct] realization that it isn't actually possible to measure the system-wide price increase rate. To do so, the prices of EVERYTHING and their relative weights in our economy would have to be known and tracked.

They aren't.

It sure sounds good, though, for some government bureaucrat (who, as likely as not, is knowingly or unknowingly pushing a political agenda) to say that according to the CPI, prices are only increasing at 1.2 percent annually. Doesn't it???

And we stupidly believe that.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
Re: America 1950 vs. America 2012
By: ribit in ROUND
Tue, 28 Feb 12 9:53 PM 		Msg. 39256 of 45651

decomp
...neither food nor energy is in it. I guess they think nobody uses that stuff. IMHO, any inflation index that doesn't use it is totally useless.

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