Sunday, August 11, 2013


Don’t step in the elephant poop
WND – Patrice Lewis – 8/9/2013

Whether we like it or not, economics affects us all, but in different ways.

Yet to read federal statistics, it looks like our economy is just hunky-dory. The Consumer Price Index (CPI), which the government uses as the measure of inflation, ranges from a perpetually modest 0.8 percent to 2 percent. Nothing to see here, move along.

Of course, the CPI excludes some of the priciest components of ordinary existence in America, such as food and energy costs. It excludes education and health care costs. Who cares if the price of milk or electricity has doubled in the last few years? Who cares if you can’t afford to go to the hospital or send your kid to college? It won’t affect that miniscule CPI statistic. It’s like a great big elephant in the room everyone pretends isn’t there. Nothing to see here, move along.

When our government officials try to assure us that inflation is modest to the point of nonexistent, they’re lying through their teeth. “The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets,” notes economist Peter Schiff. “While everyone knows prices are rising, the CPI for March 2013 registered a 0.2 percent decrease in consumer prices. … The true rate of inflation is probably somewhere between 7 percent and 10 percent, not the 1.5 percent officially measured by the CPI.”

So why does the government misrepresent inflation? There are various theories, but my personal feeling is the government doesn’t want to send the American people into a panic. Because let’s face it, if We the People knew

a) just how screwed up the economy is, and

b) how hard our own elected officials have deliberately worked to screw up the economy, then we’d be in the streets with pitchforks and those elected officials would no longer be able to shovel gold and silver into their Swiss bank accounts.

“While $16.5 trillion of debt is clearly unsustainable,” notes this article, “what is even more alarming is what we are not talking about: The fact that, in addition to the $16.5 trillion of debt we currently have, every man, woman, and child in America also is on the hook for nearly $400,000 in unfunded liabilities – or, over $1 million for every household.

Or maybe they do. It IS possible for our leaders to “debt” their way to prosperity. It just requires the debt to be on someone else’s back.

There’s a lot of steaming poop piling up with all these elephants in the room. And you know what? Someone’s gonna have to shovel it.

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