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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, January 25, 2012

True Lies - The real inflation and unemployment numbers

True Lies  -  Both political parties manipulate the inflation and unemployment numbers to protect the Beltway Elites


During the term of Comrade Barack Obama prices have been increasing according to data from the Bureau of Labor Statistics.
  • Gasoline has jumped 83 percent
  • Ground beef has gone up 24 percent
  • Bacon has gone up 22 percent.
  • Ice cream prices for a half-gallon increased 19.1 percent.
This is just the tip of the iceberg.   

Both corrupt political parties have agreed with each other to "fix" the way economic numbers are calculated.  The Media and Beltway Power Elites tell you only what they want you to know.

But the truth is out there . . . read on.

The Bi-Partisan Hiding of the Real Inflation Numbers.
The blue line show the real level of inflation the way it was calculated before the insane inflation of the Jimmy Carter years.  Both political parties were eager to "re-calculate" the way inflation was measured.  Translation:  both parties work together to hide the real inflation from the public.


11% True Inflation . . . not the 3% the government claims


The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS).

While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index.

In the chart we show SGS-Alternate CPI estimate based on the methodology which was employed prior to 1980.    (Shadow Government Statistics)
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The blue line is the unemployment number the way it was calculated by the government before 1994.  The government lies to the public to keep them from soiling their pants and voting out the crooked bastards in Washington.


23% True Unemployment . . . not the 8.5% the government claims


The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.    (Shadow Government Statistics)

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The blue line shows that our economy is SHRINKING, not growing like the politicians claim.


Our Gross Domestic Product went down by 2.5% . . . not a 1.8% increase like the government claims.


The SGS-Alternate GDP reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting.    (Shadow Government Statistics)
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(CNS News)

Never, ever question your Liberal Puppetmasters in Washington.  Only a "crazy" person
would believe our Masters would lie to us.


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