“Schiff looked at Bureau of Labor Statistics price changes for 20 goods and services between 1970 to 1980 and again between 2002 and 2012, decades that Schiff says were both periods of large deficits and loose monetary policy. Schiff found that his basket of goods increased 61% faster than CPI for the period between 2002 and 2012. In contrast, his basket rose just 5% faster than CPI from 1970 to 1980. ‘How can you believe these statistics when the numbers are so flawed?’ Schiff asks in response to his research on CPI.”
Related posts:
The police state isn't coming – it's here
How The Central Bank Of Turkey Uses Gold
Dozens Of Homeland Security Employees On Terrorist Watch List
The Cop Shooting So Horrific It Cost Chicago $5 Million to Hide The Video
Overstock.com First to Pass $1 Million in Bitcoin Payments
Nepal police seize smuggled gold bound for India
World War III: The False Narrative that Fuels Conflict in Syria and Beyond
What Forced Separation Feels Like
US blows out $16.7 trillion debt limit
Phoenix Police “Help” a Man to Death
Dubai And Saudi Stock Markets Getting Totally Smoked
Neighbor Gets Tased While Cops Investigate Suicide Attempt
Reality Check: Did the FBI know about Boston bombing beforehand?
China's E-Commerce Giant Alibaba Just Banned Bitcoin
Can fracking cause bigger, more frequent earthquakes?