U.S. government lying about inflation, says Faber
Marc Faber, author of the Gloom Boom & Doom Report, says the annual cost of living increases in the U.S. are more than 5% today and the Bureau of Labor statistics and Ben Bernanke are continuously lying about the inflation rate. “Inflation is much higher than what they publish. I think that inflation is between 5% and 8% per annum in the U.S., and in Western Europe a little bit lower, 4–5% per annum,” says Faber.
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