On the "Biden Economy" and the "CPI"
Jan 24, 2023 06:10:47 #
From the Martin Armstrong article cited below:
"The formula for the CPI has been routinely altered. Real Estate used to be included but when that was rising too much, they replaced that with rents. When rents started rising, they replaced them with controlled rents. ...
Your taxes are indexed to the CPI. By reducing the CPI, they collect more taxes!
Even if we look at inflation using the pre-1980 formulas, the CPI is approaching 10%! When we calculate inflation by eliminating everything that is really irrelevant and focusing on food, energy, t***sportation, and taxation, which they do not consider at all, the reality of our number came in at 32% for 2022. That is a far cry from the official number. This is simply calculated by Socrates from an unbiased perspective.
What a new wonderful world the Biden Administration has created. Thank you, C***D & the Russian Sanctions. The largest increase we found was obvious fuel between gasoline and diesel used in trucking and homes averaging 65%+ Turning to basic food, eggs were up nearly 50%, flour rose by 25%, cooking oil 23%, butter was up 35%, Chicken by 14%, and Rice by 18%. If we throw in toothpicks, paperclips, etc, then the more we can include the lower the inflation rate. We do not include rent or real estate. Our number is far more accurate to the daily living expenses than the near 10% level of the government. They also do not include sales taxes. The national average rise in rental rates was 7.8%, in Florida it was 8.5%, and in NYC 1.5% when controlled."
Thanks Joe! You're doing a great job (lol). How about another $100 billion for Ukraine?
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/here-we-go-again-altering-the-formula-for-cpi/
"The formula for the CPI has been routinely altered. Real Estate used to be included but when that was rising too much, they replaced that with rents. When rents started rising, they replaced them with controlled rents. ...
Your taxes are indexed to the CPI. By reducing the CPI, they collect more taxes!
Even if we look at inflation using the pre-1980 formulas, the CPI is approaching 10%! When we calculate inflation by eliminating everything that is really irrelevant and focusing on food, energy, t***sportation, and taxation, which they do not consider at all, the reality of our number came in at 32% for 2022. That is a far cry from the official number. This is simply calculated by Socrates from an unbiased perspective.
What a new wonderful world the Biden Administration has created. Thank you, C***D & the Russian Sanctions. The largest increase we found was obvious fuel between gasoline and diesel used in trucking and homes averaging 65%+ Turning to basic food, eggs were up nearly 50%, flour rose by 25%, cooking oil 23%, butter was up 35%, Chicken by 14%, and Rice by 18%. If we throw in toothpicks, paperclips, etc, then the more we can include the lower the inflation rate. We do not include rent or real estate. Our number is far more accurate to the daily living expenses than the near 10% level of the government. They also do not include sales taxes. The national average rise in rental rates was 7.8%, in Florida it was 8.5%, and in NYC 1.5% when controlled."
Thanks Joe! You're doing a great job (lol). How about another $100 billion for Ukraine?
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/here-we-go-again-altering-the-formula-for-cpi/
Jan 24, 2023 08:46:58 #
ACP45 wrote:
From the Martin Armstrong article cited below: br ... (show quote)
Democrats suck at running things!
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