U.S. government lying about inflation, says Faber

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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.

Source: YouTube, February 11, 2011 (hat tip: Financial Doom Blog).

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1 comment to U.S. government lying about inflation, says Faber

  • trader

    The FEDs have been lying about the “numbers” for years! ALL of the FED agencies have become so political (democrats) that you can NOT believe anything they say or print! I’ve been a trader for over 30 years and I know of what I speak!

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