Well, they need to prop up this lie to keep interest rates super low - encouraging people to buy mega-houses and cars that they cannot afford - and forcing investors to buy stocks as fixed income pays nothing!
If the true [non-core] interest rate was ever published, it would force interest rates to spike overnight and lead to a complete collapse of this ''debtors'' economy, where the consumer thinks they have everything, but the banks own all of it.
It's a freaking joke,......and the REAL "inflation" is truly scarry today! But it's a result of something much more serious,......the continual printing of the US Dollar to the point now it is worth just $.01 or $.02 cents of the dollar of the early 1900's.
The Gooberment is ROBBING each and every one of us, but with a mask on and the lights out as if they think they can steal blindly from the sheep. They quote a drastically lower but false inflation number because they HAVE to! All the retirement accounts have cost of living increase provisions! SSI and other retirement plans are robbing those most in need to keep up with the real inflation number.
Over the last 7-10 years the real cost of living increases SHOULD have almost doubled SSI and other retirement program payouts! 20 years ago when I was out of work, unemployement payed out for just SIX MONTHS,.........that was it. Today some unemployed folks have been recieving unemployement benefits for YEARS! They just keep extending the length of time for elegibility. Plenty of our Country's infrastructure needs work, our parks and other National assets some sprucing up,....but the unemployed recieving benefits aren't required to do "something" for their benefits. Go figure...........
SSI is not stable now,....imagine if the "real" cost of living increases were passed along to retired folks along the real inflation number of 15-20% yearly increases! Go to your Supermaket today and spend $75.00 on groceries,....and you can usually hand carry it all out to your car. Do you really think it's "normal" to have the US Government flooding the Federal Reserve and other Banks with fraction of a percent cheap dollars? Our economy is so fragile now that they also HAVE to keep doing it, or game over!
Even more serious is in the near future (5-10 years at most I suspect), the US Dollar will lose it's World Reserve Currency status to, of all countries,....most CHINA! "Barron's" newspaper had an issue several months ago on just that probability! It's a serious issue for the US, but the numbnuts in Washington care more about getting re-elected than protecting the Dollar and what it can buy in the future. I bet Great Britain once thought their World Reserve Currency status would last forever too! But WWll drained them financially, and the printing press was their downfall as it will be here eventually.
Once oil (and other items) doesn't HAVE to be paid for in US Dollars (as is required now!), there will be a HUGE influx of US dollars coming home,.....wanting to buy ANYTHING of lasting value! That will be inflation to behold!
It is ONLY because the US has the World Reserve Currency that we are allowed to print SO MUCH MORE Currency, backed by nothing, and not immediately feel the affects of it on the World scene. Our trading partners would reject the currency (as near worthless) of any other country doing the same as the US,...... running the currency presses nonstop.
Obama has printed more dollars and increased the National Debt more than ALL THE PREVIOUS PRESIDENTS COMBINED !!!!
Think about that one! :eek!:
We need folks in this Country to seriously think about socking a substantial amount of gold and silver away as insurance for the callapse of the dollar. China (the government) has been buying HUGE amounts of gold over the last few years, slowly divesting their large US Dollars reserves. Other Countries are doing so as well, but of course NOT the US Government! They are content to manipulate the gold and silver prices DOWN and don't add to the US gold and silver reserves, to keep panic from the sheeple. Without the downward Government manipulation, gold and silver would be priced much higher than currently shown,....and a billboard for recognization that the US Dollar is inflating out of control.
The US Constitution states ONLY gold and silver were to be our "money",.....but then they can't PRINT gold and silver in unlimited numbers. So they crapped on the Constitution to allow the cronies in Washington access to unlimited spending. Nice fellows we have in Washington, working on OUR behalf! R I G H T !!!!
Citizens of India, China, Hong Kong, Russia, and many other Countries have been building up their personal gold and silver "insurance" reserves. In many countries that is their main savings stash. So sad Americans (for the most part), have not also done so.
The sheep in the US park $$$ away in low/no yield savings accounts instead of something of lasting value. Precious Metal prices do change, but have NEVER been worth nothing and over time an ounce of gold in the 1800's bought a quality suit, and can still be done today. Although I wouldn't be one to spend $1,200.00+ on a suit, I suspect a similar case could be made on the value of an ounce of gold to what an Alpha Binocular might cost!
Get ready folks,...."you ain't seen nuttin yet!"
