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U.S. government lying about inflation, says Faber

Posted By Prieur du Plessis On February 21, 2011 @ 9:00 am In Economy,Inflation | 1 Comment


Marc Faber, author of the Gloom Boom & Doom Report [1], 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 [2], February 11, 2011 (hat tip: Financial Doom Blog [3]).

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More on this topic (What's this?) [5]
Inflation Rate [6] (Learn Mining News, 2/22/11)
Best Assets to Own During Inflation [7] (Learn Mining News, 2/17/12)
Inflation in (Mostly) the Wrong Places [8] (Wealth Daily, 2/15/11)
Read more on Inflation [9] at Wikinvest [10]

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URL to article: http://www.investmentpostcards.com/2011/02/21/u-s-government-lying-about-inflation-says-faber/

URLs in this post:

[1] Gloom Boom & Doom Report: http://www.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=1000

[2] YouTube: http://www.youtube.com/watch?feature=player_embedded&v=Ejjie26Xjs8

[3] Financial Doom Blog: http://marcfaberchannel.blogspot.com/2011/02/marc-faber-inflation-higher-than.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29

[4] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[5] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[6] Inflation Rate: http://learngoldcoins.com/inflation-rate

[7] Best Assets to Own During Inflation: http://livegoldprices.com/best-assets-to-own-during-inflation

[8] Inflation in (Mostly) the Wrong Places: http://www.wealthdaily.com/articles/a-tale-of-two-flations/2975

[9] Inflation: http://www.wikinvest.com/rate/Inflation

[10] Wikinvest: http://www.wikinvest.com

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