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<p>[QUOTE="Cloudsweeper99, post: 1400693, member: 3011"]pmbug,</p><p><br /></p><p>While I have respect for J. Williams work at shadowstats, I'm not completely convinced that a 1980 [pre internet] measure of inflation is automatically better than the updated version. The economy is very different, as are the purchasing habits of consumers. Maybe the truth lies somewhere in between. Maybe nobody really knows the real inflation rate. But think about it. If the "real" inflation rate was 10%, then the total cost of living today would be about 2.5 times higher than a decade ago, and this clearly is not the case.</p><p><br /></p><p>Another thought -- getting inflation information from shadowstats, GATA, and Kingworldnews is a little bit like asking the barber if you need a haircut. Their business model depends on belief in rising gold prices, inflation, market manipulation and economic collapse. That isn't proof that those things won't happen, but it's important to understand your information sources.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1400693, member: 3011"]pmbug, While I have respect for J. Williams work at shadowstats, I'm not completely convinced that a 1980 [pre internet] measure of inflation is automatically better than the updated version. The economy is very different, as are the purchasing habits of consumers. Maybe the truth lies somewhere in between. Maybe nobody really knows the real inflation rate. But think about it. If the "real" inflation rate was 10%, then the total cost of living today would be about 2.5 times higher than a decade ago, and this clearly is not the case. Another thought -- getting inflation information from shadowstats, GATA, and Kingworldnews is a little bit like asking the barber if you need a haircut. Their business model depends on belief in rising gold prices, inflation, market manipulation and economic collapse. That isn't proof that those things won't happen, but it's important to understand your information sources.[/QUOTE]
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