Faber and Schiff on Investments in 2013–Bullish On Gold–Bearish On Bonds–Prices Rising–Inflation–Videos

Posted on January 11, 2013. Filed under: American History, Banking, Blogroll, Business, Communications, Economics, Energy, Federal Government, Federal Government Budget, government, government spending, history, Inflation, Investments, Law, liberty, Life, Links, Macroeconomics, Monetary Policy, Money, Natural Gas, Oil, People, Philosophy, Politics, Raves, Resources, Security, Tax Policy, Video, Wealth, Wisdom | Tags: , , , , |

Peter Schiff Interviews Marc Faber On What Will Happen in 2013 – CNBC 1_10_2013

Peter Schiff 2013 – The CPI is nothing but Government Propaganda!

Inflation Propaganda Exposed

he CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets. Modest CPI increases over the past several years do not reflect an absence of inflation, but a design flaw in the index that fails to fully capture the magnitude of price increases. Central bankers drawing economic conclusions regarding inflation and monetary policy based on this highly flawed data point are making a major policy error.

Note: Prices for the twenty items in our basket rose 44.3% during a ten-year period despite an official rise in the CPI of just 27.5% during the same time frame. But that is using official government numbers to evidence those price increases. However, judging by the inaccuracy of government numbers on other items, such as newspapers and health insurance, the actual rate of increase of the prices of the goods in our basket was likely much higher than what the government claimed!

Peter Schiff 2013 – Big Government is very expensive, if you want it you have to pay for it

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