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John Williams, owner of ShadowStats, determines rising cost of living making use of the exact same methodology that the government used to have for computing the consumer cost index (CPI)
Williams informed David Lin, anchor for Kitco News, that truth heading CPI number is loser to 15%, not 7%, as reported by the Bureau of Labor Stats.
Right here's why the government has a political reward to "subdue" the reported rising cost of living number.
Adhere To David Lin on Twitter: @davidlin_TV ()
Comply With Kitco News on Twitter: @KitcoNewsNOW ().
#inflation #economy #ShadowStats
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Inflation is really 15%, highest since 1947; Why is government 'suppressing' data? John Williams
John Williams, founder of ShadowStats, calculates inflation using the same methodology that the government used to have for calculating the consumer price index (CPI).
Williams told David Lin, anchor for Kitco News, that the true headline CPI number is loser to 15%, not 7%, as reported by the Bureau of Labor Statistics.
Here's why the government has a political incentive to "suppress" the reported inflation number.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
#inflation #economy #ShadowStats
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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