by Howard Nema
Truth Talk News
Inflation rates are based on Consumer Price Index, or CPI which is composed of price data and weighting data. The price data is collected from a pool of goods and services. The weighting data estimates the total expenditure covered by the pool.
Thanks to the controlled, erroneous and felonious paid for research of the Boskin Commission in 1996 during the Clinton Regime, the rate of inflation stopped including energy or food costs in their CPI calculation. Only the Bureau of Labor Statistics (BLS) includes those figures in their calculation of the CPI index.
Since the BLS numbers are largely overlooked the current real rate of inflation is closer to 10%, including food and energy, which the Fed do not include in their current inflation calculations.
The BLS calculates food & energy, but do not set interest rates. However, as of May 2014 food and energy have added 3.7% alone to the true inflation rate for the year. Add this 3.7% to the Fed’s fraudulent last findings and you have a current true inflation rate of 5.8%. And rising.
To add a bit of nostalgia, today, the real inflation rate is higher than any year in the 1970′s, except for 1974 & 1979. In 1974 the real inflation rate was: 11.3%. 5.8% is double the historical average rate of inflation since 1957. But these numbers are fudged.
If we look back before the Clinton Crime Family took office and changed excluded food and energy from the inflation calculations we can understand how bad it really is. For example in 1979, when food and energy were included in the inflation calculations during the heyday of Disco, Punk and New Wave the true rate was 11.22%. 1980 was worse, with an annual inflation rate of 13.58%. Home mortage rates were upwards of 14% with 1 or 2 points!
Other examples of high inflation years when the numbers were accurately figured was 1947 when inflation was 13.38%, 1920 when it was 15.90%, 14.65%,1919 – 15.31%, 1918 -17.26%, and of course the king of inflationary years: 1917 – 17.80%. All helped along by the Federal Reserve Crime Syndicate, who are of course the true culprits of America’s continuing financial woes.
The Federal Reserve Act hookwinked both President Woodrow Wilson and the American People after being swept under the rug into law over the 1913 Christmas Holiday. The Fed was sold to the sheople in 1913 as a means to prevent events like the Panic of 1907 from every happening, to reduce inflation and stabilize markets. The Fed has done none of these things. In fact, the Fed has made matters much worse for not only the United States, but the entire world.
The recent illusion of token “oversight” of the privately held Federal Reserve Crime Syndicate is simply a joke. There is absolutely zero transparency just window dressing doctored reports to satisfy the sheople.
The truth is, there are simply too many crimes and agendas to keep hidden from the American People for the Federal Reserve to open their books. That is why the Federal Reserve must be ABOLISHED!
And here is why: Take a look at the chart below:
Soon after the Unconstitutional Federal Reserve Act was snuck passed Congress, the Syndicate began funding both sides of World War I with zero oversight. As a result, inflation soared to 20% during the Great War.
Sure, they mananged to reduced inflation to negative and low numbers during the massive expansion of the money suppy during the Roaring Twenties, but after the Crash of 1929 the Fed contracted the money supply and caused the Great Depression.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index, which was the largest since February 2013, included shelter, electricity, food, airline fares, and gasoline. The food index posted its largest increase since August 2011, with the index for food at home rising 0.7 percent.
The increases in the electricity and gasoline indexes led to a 0.9 percent rise in the energy index. The index for all items less food and energy rose 0.3 percent in May, its largest increase since August 2011.
Along with the indexes for shelter and airline fares, the medical care, apparel, and new vehicle indexes all increased in May.
The all items index increased 2.1 percent over the last 12 months; this compares to a 2.0 percent increase for the 12 months ending April, and is the largest 12-month increase since October 2012. The index for all items less food and energy has increased 2.0 percent over the last 12 months. The food index has advanced 2.5 percent over the span, its largest 12-month increase since June 2012.
The Consumer Price Index for June 2014 is scheduled to be released on Tuesday, July 22, 2014.
Experts are saying what most Americans have suspected for years – the real inflation rate is much higher than the government is willing to admit. Officially, the U.S. Bureau of Labor Statistics (BLS) says the inflation rate, or Consumer Price Index (CPI) is currently 2%.
But a report issued last week by the non-profit group American Institute for Economic Research (AIER) says the U.S. inflation rate for 2011 is far higher – 8%.
AIER used criteria based only on common daily expenditures to more accurately reflect how inflation affects consumers. Their index excluded less-frequently purchased items, like automobiles.
Economic consultant John Williams, an outspoken critic of the government’s economic statistics, contends things are even worse. He calculates the real inflation rate at more than 10%. That’s almost 5x the government’s figure.
The government has made adjustments to how it calculates the CPI for what is nothing more and nothing less than political purposes.
I quote John Williams of www.Shadowstats.com :
“Government data are biased in politically correct directions and increasingly have diverged from common experience and reality since the mid-1980s.”
The CPI changes were championed by Federal Reserve Crime Syndicate Chairman Alan Greenspan, who set the stage in the early 1990‘s under the Clinton Regime by publicly complaining about how the CPI overstated inflation by reporting the truth.
The government has strong motives for masking the real inflation rate. Here are a few:
Positive economic news like inflation is under control makes for good crooked Politician speeches. Fudging the CPI also serves to avoid public pressure to do something to fix it. Government statistics continuously that show inflation is not a problem, the media parrots the propaganda and we keep paying more and more for food, gas and all goods and services.
Government entitlements like Social Security are linked to the CPI. Lower official numbers mean lower payouts. The ploy has saved the debt-ridden U.S. government billions of dollars at the expense of Our seniors, Veterans, Servicemen and the disabled. This racketeering operation continues to increasingly pick the pockets of American citizens.
Williams says Social Security payments would be twice as high each month if the CPI formula had never been changed. It’s no wonder so many seniors struggle to make ends meet. And it‘s going to get worse, ladies and gentlemen. Far worse.
The reduced entitlement spending this a key component to destroying the wealth of the American people. Those who are retired will plow through their savings leaving little to the next generation, who will have less and less and need more and more from government.
This is the New World Order Agenda. Karl Marx describes in his communist manifesto, the ten steps necessary to destroy a free enterprise system and replace it with a system of omnipotent government power to create a communist socialist state.
Those ten steps are known as the Ten Planks of The Communist Manifesto written by Karl Marx in 1848. I have included in italic type, the American Government’s adopted counterpart for each of the planks.
By comparison it is quite clear that most Americans are unaware of this fact. They are still under the ether of myths, frauds and deceptions executed by their rulers, the insider Secret Society politicians in both the Republican and Democratic and parties who together have forged this slow and steady long term totalitarian socialist take-over of America.
Karl Marx created the 10 planks of the Communist Manifesto as a way to determine whether a society has become communist or not. If they are all in effect and in force, then the people are practicing communists, whether they realize it or not. Unfortunately America qualifies.
Communism by any other name: socialism or progressivism, is still communism. The goal, like that of the radical jihadists fighting to create an Islamic world, is to create a communist world, where individual rights are sacrificed for the collective and controlled by the State.
The 10 PLANKS stated in the Communist Manifesto and some of their American counterparts are…
1. Abolition of private property and the application of all rents of land to public purposes.
Americans do these with actions such as the 14th Amendment of the U.S. Constitution (1868), and various zoning, school & property taxes. Also the Bureau of Land Management.
(Can’t forget Cliven Bundy now, can we? Zoning laws are the first step to government property ownership)
2. A heavy progressive or graduated income tax.
Americans know this as misapplication of the 16th Amendment of the U.S. Constitution, 1913, The Social Security Act of 1936.; Joint House Resolution 192 of 1933; and various State “income” taxes.
Obama calls it “paying your fair share”.
3. Abolition of all rights of inheritance.
Americans call it Federal & State estate Tax (1916); or costly Probate Laws, limiting inheritance via arbitrary inheritance tax statutes. TOTALLY unconstitutional.
4. Confiscation of the property of all emigrants and rebels.
Americans call it government seizures, tax liens, Public “law” 99-570 (1986); Executive order 11490, sections 1205, 2002 which gives private land to the Department of Urban Development; the imprisonment of “terrorists” and those who speak out or write against the “government” (1997 Crime/Terrorist Bill); or the IRS confiscation of property without due process. Asset forfeiture laws are used by DEA, IRS, ATF etc…) Now the EPA is joininh in the property seizure racket.
5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
Americans call this the Federal Reserve (Crime Syndicate ) which is a privately-owned credit/debt system allowed by the Federal Reserve act of 1913. Until recently most Americans thought and some still do that the gov’t prints Our money. No a private international banking cartel prints Our money. All local US banks are members of the Fed system, and are regulated by the Federal Deposit Insurance Corporation (FDIC) another privately-owned corporation.
The Federal Reserve Bank issues Fiat Paper Money and earns interest on every dollar printed. The Fed profits while diluting the value of the United States dollar and creating unsustainable debt for the American People.
6. Centralization of the means of communications and transportation in the hands of the State.
Americans call this the Federal Communications Commission (FCC) and Department of Transportation (DOT) mandated through the ICC act of 1887, the Commissions Act of 1934, The Interstate Commerce Commission established in 1938, The Federal Aviation Administration, Federal Communications Commission, and Executive orders 11490, 10999, as well as State mandated driver’s licenses and Department of Transportation regulations.
7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
Americans call it corporate capacity, The Desert Entry Act and The Department of Agriculture… Thus read “controlled or subsidized” rather than “owned”… This is easily seen in these as well as the Department of Commerce and Labor, Department of Interior, the Environmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines, National Park Service, and the IRS control of business through corporate regulations.
8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
Americans call it Minimum Wage and slave labor like dealing with our Most Favored Nation trade partner; i.e. Communist China. We see it in practice via the Social Security Administration and The Department of Labor. The National debt and inflation caused by the communal bank has caused the need for a two “income” family. Woman in the workplace since the 1920’s, the 19th amendment of the U.S. Constitution, the Civil Rights Act of 1964, assorted Socialist Unions, affirmative action, the Federal Public Works Program and of course Executive order 11000.
9. Combination of agriculture with manufacturing industries, gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.
Americans call it the Planning Reorganization act of 1949 , zoning (Title 17 1910-1990) and Super Corporate Farms, as well as Executive orders 11647, 11731 (ten regions) and Public “law” 89-136. These provide for forced relocations and forced sterilization programs, like in China. Let’s not forget the illegal aliens flooding across Our border. And of course the “humanitarian crisis” of the illegal alien border children.
10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production.
Common Core. Need I say more? Americans are being taxed to support what we call ‘public’ schools, but are actually “government force-tax-funded schools. Even private schools are government regulated.
The purpose is to train the young to work for the communal debt system. We also call it the Department of Education, the NEA and Outcome Based “Education”.
These are used so that all children can be indoctrinated and inculcated with the government propaganda, like “majority rules”, and “pay your fair share”.
WHERE are the words “fair share” in the Constitution, Bill of Rights or the Internal Revenue Code (Title 26)?? NO WHERE is “fair share” even suggested !! The philosophical concept of “fair share” comes from the Communist maxim, “From each according to their ability, to each according to their need!
This concept is pure socialism. America was made the greatest society by its private initiative WORK ETHIC … Teaching ourselves and others how to “fish” to be self sufficient and produce plenty of EXTRA commodities to if so desired could be shared with others who might be “needy”. Americans have always voluntarily been the MOST generous and charitable society on the planet.
Wake up! CRIMINALS HAVE HIJACKED OUR GOVERNMENT!
The people (politicians) who believe in the SOCIALISTIC and COMMUNISTIC concepts, especially those who pass more and more laws implementing these slavery ideas, are traitors to their oath of office and to the Constitution of the united States of America.
To fight the enemy, you first have to know you have an enemy. And sadly most Americans are unaware that they themselves have become enemies of freedom, liberty and the Constitution. These enemies embrace their own servitude by conforming to the demands of the State in favor of the community rather than the individual.
Our enemies are communists and socialists and many of them don’t even know it. Or the true history of socialist and communist regimes. But they know their sports statistics and can repeat dialogue from their favorite movies.
“None are more hopelessly enslaved, as those who falsely believe they are free.” Johann Wolfgang Von Goeth
Now getting back to inflation and the designed degeneration of American’s standard of living.
The debt super committee suggested basing Social Security increases on a variant of the CPI that would lower payments even more.
Although not responsible for the CPI, the Fed prefers interests rates stay as low as possible to obscure its own corrupt and deceptive inflationary policies.
Fed policies like quantitative easing and holding interest rates near zero should have pushed inflation much higher – but this methodology makes certain that didn’t happen.
If the CPI were reported accurately, the Fed would be forced to raise interest rates, which in turn would slow the economy and slam the stock markets. But this false, fabricated market and method of controlling prices is like holding an inflated ball under water. Eventually, you will lose your grip and the ball will surface.
As will the truth.
The Fed is intentionally killing the dollar and profiting all along the way as American’s wealth decreases and its debt burdens increase. In addition as inflation rises, the dollar already diluted by the Federal Reserve pumping $85 billion a month into the economy. They say less, but it could be more. A lot more. But we will never know, will we? Since the Federal Reserve has never been properly audited.
Remember Obama’s touchstone promise? You know, when Obama said he would have the most open and transparent administration in history. What absolute BULLSHIT!
Although the BLS Web site devotes an entire page to defending its methodology for calculating the inflation rate, Americans see the reality every time they buy gas, food or pay a bill.
Too many still continue to buy the lie. Too many don’t understand or for prideful reasons won’t accept the truth. Some are too far gone. Some I will never reach. I hope to reach you.
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