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You're backing up your previous incorrect claim by making a new incorrect claim. We have indeed had inflation, it will probably be around 2% for 2017 and has run as high as 3.2% since the 2008 recession.
What are you even talking about with CPI, it includes things like housing, food, healthcare, etc.
It's 1.55% for 2017 (based on CPI-W).
Quote:
Originally Posted by C2BP
We have had inflation for many years now Lieqiang but our government has found a way to structure the CPI so that it does not register ANY inflation except wage inflation.
That's so wrong on so many levels. CPI-W reflects a 46% increase in prices since January 2000.
Wage Inflation drives up prices, especially rents.
Quote:
Originally Posted by C2BP
Look at it: debt inflation; food price inflation (until very recently); housing inflation; health-care inflation; transportation inflation; oil inflation (until recently); higher education inflation; asset price inflation. The message is that there is NO INFLATION so we can continue to repress interest rates.
Very obviously, you've never bothered to read any of the CPI-U or CPI-W reports which clearly show Inflation.
Look, I agree the CPI and most reported inflation measures are useless.
I don't agree that it is some kind of conspiracy.
It's not just the conspiracy Aridon, our government has fixed the CPI so that it does not register ANY inflation except wage inflation. What do you have when you have economic growth without wage inflation but with debt growth? You have...INFLATION or what I call 'invisible inflation' not registered in the CPI report. The economic growth/inflation from 2001 to PRESENT was invisible inflation (all debt, not wage inflation).
Now, why would our government design a statistical instrument that measures inflation but only measures visible inflation (wage inflation) and not invisible inflation (debt inflation)?
Well if everyone (including Lieqliang, Mathjak and Mircea) believes that the CPI describes reality, then the government can use the CPI for its own ends, which is INFLATION, INFLATION, INFLATION. This means more money for the world's banks, and more escalation of prices, which is good for business, and good for the rich of the world.
Those who control the debt control power in the world!!!
In the last 40 years, the price of college tuition alone increased 3000%. Yes: 3000%. And the Fed says there is no inflation. What created this inflation of costs? The debt binge and the escalation of inflation in America from 1983. According to our government statistics there is no inflation as long as there is no wage inflation. And there has been little wage inflation – that is true. As long as wages stay low and do not chase the escalating costs of goods and services – and this is almost possible if the cost of credit stays low - then the inflation spiral is muted. Of course, the consumer, in this scenario, becomes more and more indebted through this method of paying for myriad inflationary goods and materials. Apparently there is no moral dilemma in this. Business profits grow, wages remain low, and workers take on more and more debt. It sounds to me like a volcano that is bound to blow. But what do I know? Sometimes logic is only logic for those not sophisticated enough to know the difference between appearance and reality.
come on , these stories are entertaining even if they are false . it is amazing what can be fabricated in ones head when they have an agenda to stick to
OK we know one is coming but what will be the severity and impact. I'm not sure it will be that much. New grads from the past 4 years are still underemployed. The only change will be they will now be fully unemployed. To me, there isn't a big difference from 20k, all debt and no assets to 0k all debt and no assets. Our bottom is not much lower than it is right now for most Millenials.
CPI has shown inflation every single year, you're so enamored with the angle of your rantings that you suspend reality to pursue it.
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Yellen's only regret as Fed chair: Low inflation
The Fed's failure to bring inflation up to its 2 percent mandate is Yellen's single disappointment.
The one job left undone? Inflation.
At her final news conference as Fed chair Wednesday, Yellen said the Fed's failure to bring inflation up to the central bank's 2 percent mandate is her single disappointment.
"We have a 2 percent symmetric inflation objective. For a number of years now, inflation has been running under 2 percent, and I consider it an important priority to make sure that inflation doesn't chronically undershoot our 2 percent objective," she said.
Fed criminals together with our corrupt government have been telling the American citizen for several decades now that there is no inflation in the American economy. Of course, smart Americans know this isn’t true. How can Janet Yellen say that inflation is too low, that for a number of years now inflation has been running under 2 percent??????????????
As I mentioned earlier these criminals have fixed the CPI so that it does not register ANY inflation except wage inflation.
$6.50 for designer breads today, really??? This is only one example; there are many others. And they say there is no inflation. Perhaps for the rich there is no inflation, because they have so much more money today (thanks largely to the FED) but for everyone else in America the cost of living has gone through the roof. And the fact that the American government is lying about it is enough to throw the government out and start it all over again. The government has been lying so long to their own people that they've lost an understanding that truth is the basis of life. 'Damage control' has become a euphemism for lies and half-truths; and inflation is an example of this.
In the last 40 years, the price of college tuition alone increased 3000%. Yes: 3000%. And the Fed says there is no inflation. What created this inflation of costs?
I seriously doubt your claims.
Students at public four-year institutions paid an average of $3,190 in tuition for the 1987-1988 school year, with prices adjusted to reflect 2017 dollars. Thirty years later, that average has risen to $9,970 for the 2017-2018 school year. That's a 213 percent increase.
However, to answer the question of created the rising costs, it was lower admission standards coupled with expansion of the federal Guaranteed Student Loan program, that drove up costs as the number of students increased.
Costs also rose because universities and colleges, in order to "compete," had to provide the technology to remain modern. The cost to wire universities with co-axial cable for computers was enormous. And then universities had to pay to rewire everything for ethernet cables, and then pay to rewire everything for Fire-Wire, and then pay to rewire everything with fiber optics (currently on-going).
Fed criminals together with our corrupt government have been telling the American citizen for several decades now that there is no inflation in the American economy
Here in Reality Land the government has been telling the American citizens for several decades now that there is moderate inflation in the American economy.
Quote:
Originally Posted by C2BP
$6.50 for designer breads today, really??? This is only one example; there are many others
It's a stupid example, the introduction of new higher priced niche products isn't inflation.
Go compare the price of Wonder Bread from today to 20 years ago, that's your bread inflation.
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