Government Lying About Inflation

Government Lying About Inflation

Posted in the Minneapolis Forum

1776 Defender

Ankeny, IA

#1 May 23, 2013
Ron Paul: Government Lying About Inflation

Federal Reserve Chairman Ben Bernanke testified this week that our nation’s long term economic outlook has improved and that consumer inflation is a modest one percent. Chairman Bernanke is grossly misleading the American people when he calls inflation ‘subdued.’

Just yesterday, it was reported that the median home price in Houston is at an all-time high, having risen 14.5 percent in the last year alone. Americans are struggling with soaring food and energy prices that the federal government conveniently chooses to ignore in its measure of inflation in order to hide the true effects of its policies from the American people.

The real measure of inflation is the increase in the monetary supply, and the Federal Reserve has increased the Federal Reserve credit by 17.4 percent in the last year alone. The reality is, the Federal Reserve’s policy of monetary expansion through the buying of up to $100 billion of securities each month may help the big-spenders in Congress and their cronies in the banking sector, but it is harming the rest of America.

Make no mistake, despite Chairman Bernanke’s claims; the Federal Reserve’s unprecedented monetary expansion has created a significant amount of pent-up inflation that, when released, will cause prices to rise even higher and the average American’s standard of living to decline.

Until our leaders understand that we cannot print our way to prosperity, the American people will continue to suffer the disastrous effects of higher prices, higher unemployment, and lower standards of living and qualities of life for years to come.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
Trump The Great: Visits the Worth Less City of ... 3 min cowboy chris 3
News Global warming 'undeniable,' scientists say (Jul '10) 1 hr Big Al 40,579
98%?? 1 hr Davycrockett 4
The Space ace Neighborhood Watch List 8 hr hhh 9
Sick Libs no longer want laws enforced 9 hr Buuttt Stuff 8
News Veteran's Day: Who Is Your Armed Forces Hero? (Nov '07) 10 hr Davycrockett 21
Mike huckabee the fake conservative 10 hr Davycrockett 3

Minneapolis Jobs

Personal Finance

Minneapolis Mortgages