Washington Developed A System To Lie To You About Inflation, The Real Inflation Rate Is Much, Much Higher

By Michael Robison June 11, 2022  292 Comments  

The rate of inflation has set record highs this year, but the 8.6% number you have seen is nothing more than a lie, a rouse, to make you feel better and help disguise the truth.  For more than a year, inflation has been on an upward trend, the likes of which America has not seen in more than 75 years. But Biden and his Democratic party are consistently lying to you. They have developed a series of stories, narratives, and buzz words to make those lies more palatable. 

Here is two minutes of Democrats LYING about inflation pic.twitter.com/xd8uDqv5yK — RNC Research (@RNCResearch) June 10, 2022

Over the past few decades, Washington as a whole, not just Biden, has been consistently changing how inflation is tracked and reported because it appears the economy is better than it truly happens to be.  Annualized inflation just peaked at 17% for the first time since WW2, the highest rate in 75 years.

Inflation is correctly defined as an expansion of the nation’s money supply. However, during the 20th century, the federal government began a series of steps to expand the money supply to facilitate more expansive federal spending. Those steps included removing the gold standard, removing the gold peg, suppressing interest rates, printing money directly into the Treasury, pandemic stimulus checks, and more.

To cover for the careless handling of the nation’s money supply, the Fed changed its definition of inflation from an expansion in the money supply to a rise in the price of goods and services. ........To Read More....

 Robin's Take - Over the years, they've changed the way unemployment is calculated also, making it seem a good bit lower than the older method used to.  For example, it used to be that if a person couldn't find a job for quite some time (maybe 4 or 6 months? I don't remember details)... they were still counted as unemployed.  Some time ago that got changed so now if you haven't found a job in something like 4 weeks (again, I'm not sure of the exact time frame), then you're no longer counted as unemployed. End result, the unemployment number appears to be much lower than it would have under the older system.