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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. Source: YouTube, February 11, 2011 (hat tip: Financial Doom Blog). Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail. More on this topic (What's this?) Two Measures of Inflation: New Update (Phil’s Stock World, 11/30/12) The U.S. Lies About Inflation: Here's The Inflation Secret The Government Doesn't Want You to Know (Money Morning, 4/13/12) Best Assets to Own During Inflation (Learn Mining News, 2/17/12) 1 comment to U.S. government lying about inflation, says FaberLeave a Reply |
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By Prieur du Plessis, on February 21st, 2011 posted in: 
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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!