The government reported on Wednesday that inflation was tame and lower than expected. The markets rallied on the news. But look into the numbers and one realizes that they are useful as Argentina’s or Venezuela’s inflation statistics.
Our esteemed government let us know that the price of gasoline fell 2% in April. While in the real world, gasoline prices actually rose 11%. Real world companies such as Fedex announced that fuel prices rose so much since the end of March that they reduced their earnings forecast.
We are witnessing a sad, sad act of absolute incompetence, mismanagement and lies at several levels of our government. Between our federal government’s reckless spending, our Federal Reserve’s destruction of the US dollar and Federal bailouts to everyone, and now outright lies from the hacks in charge of telling us what inflation is supposed to be, we are witnessing an outright theft of our way of life, our wealth and our financial standing in the world.
Don’t accept the nonsense coming from Washington, its all meant to distract you from what they are trying to do, which is spend, borrow and debase their way out of problems. What a shame.