Reply to thread

Message

<blockquote data-quote="aynrus" data-source="post: 1424768" data-attributes="member: 20279">Every time media mentions fake/detached from reality metric of CPI (created solely for manipulation), I have a good laugh.CPI has nothing to do with real inflation (I&#039;d lived long enough to actually remember prices from many years ago and applying CPI rates in reverse will not lead to these actual real-life prices that existed).&quot;No inflation&quot;... deadly plague-ebola scamdemic...all are the tales from the same repertoire.Last year&#039;s inflation of prices relevant for the cost of living was enormous and lot bigger than 5%.Buy hey, someone tries to convince the public they don&#039;t need things like housing, food, healthcare to live and only the abstract fake numbers like CPI matter.I&#039;m very familiar with this old government playbook; that&#039;s how they were railroading economy in the collapsing Russia years go - there were all kinds of fake metrics published and used on purspose, denial of inflation of cost of living (among actual hyperinflation) to justify absolutely barbaric measures towards robbing of the population.As to persistent unemployment being deflationary in theory (what you mentioned in another post)...in theory, exactly. In practice, not only inflation but hyperinflation happily happen during periods of persistent severe unemployment, as soon as the government is printing (and they&#039;re printing and will be printing a lot more considering who just came to power).</blockquote>

[QUOTE="aynrus, post: 1424768, member: 20279"] Every time media mentions fake/detached from reality metric of CPI (created solely for manipulation), I have a good laugh. CPI has nothing to do with real inflation (I'd lived long enough to actually remember prices from many years ago and applying CPI rates in reverse will not lead to these actual real-life prices that existed). "No inflation"... deadly plague-ebola scamdemic...all are the tales from the same repertoire. Last year's inflation of prices relevant for the cost of living was enormous and lot bigger than 5%. Buy hey, someone tries to convince the public they don't need things like housing, food, healthcare to live and only the abstract fake numbers like CPI matter. I'm very familiar with this old government playbook; that's how they were railroading economy in the collapsing Russia years go - there were all kinds of fake metrics published and used on purspose, denial of inflation of cost of living (among actual hyperinflation) to justify absolutely barbaric measures towards robbing of the population. As to persistent unemployment being deflationary in theory (what you mentioned in another post)...in theory, exactly. In practice, not only inflation but hyperinflation happily happen during periods of persistent severe unemployment, as soon as the government is printing (and they're printing and will be printing a lot more considering who just came to power). [/QUOTE]

Verification