Guest Post: "Do You Believe In BLS Unicorns?", by Jim Quinn

11
Tue, Feb 20, 2018 - 10:17am

Our old pal Jim Quinn cuts to the chase today with a quick post that lays bare all of the lies and fraud of the US government-generated inflation statistics.

DO YOU BELIEVE IN BLS UNICORNS?

by, Jim Quinn of www.theburningplatform.com

The chart below says there has been 55.6% inflation over the last 20 years. That is just less than a 2.4% annual level of inflation. What a load of bullshit. Let’s look at a couple of categories listed below and do a smell test. Everyone knows the prices of TVs have fallen dramatically, but 99% – I don’t think so. I was able to find the price of a 28 inch Samsung TV in 1997 – $750. The same size Samsung TV costs $200 today. That’s a 73% decrease. The good old BLS says the decrease is really 99% because the new TV does so much more. They call this a hedonic adjustment.

It gets better. The BLS shows the cost of housing up about 56% over the last 20 years. Here are a couple indisputable facts from the same government peddling this inflation drivel. The average new home cost $175,000 in 1997. The average new home in 2017 cost $380,000. For the math challenged, that is a 117% increase. The average monthly rent in 1997 was $576. In 2017 it was $1,021. That is a 77% increase. Housing is the biggest weighting in the CPI calculation. Since using actual cost increases would show at least a 90% increase in housing, the BLS drones created a fake calculation called owners equivalent rent which no one can question. That’s how you fake housing inflation.

And now for the funniest bullshit of them all. According to these fake news aficionados, the cost of a new car has not gone up by one dime in the last 20 years. It seems there is some non-government data that says otherwise. The average price of a new car in 1997 was $19,214. The average price of a new car in 2017 was $33,560. Does that strike you as a 0% increase? The actual increase for the average schmuck living in the real world has been 75%. But those good old hedonic adjustments get you back to 0%. Those heated seats for your ass and those deluxe cupholders made your drive to work $14,000 cheaper, according to the BLS.

The absurdity of this crap is almost beyond comprehension. The CPI is nothing but fake data disguised to make you think you haven’t been reamed up the ass for the last 20 years by the actual Federal Reserve created inflation exceeding 5% per year. The Deep State counts on a dumbed down, math illiterate populace to believe this crap because it comes from the government. Anyone who believes this bullshit is willfully ignorant or just a plain dumbass.

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  11 Comments

remup181
Feb 20, 2018 - 10:27am

But Why

Why would they lie to us? I know this is Russian propaganda getting us not to believe our own government. hahahaha Come on meuller investigate.

NUGTCALL
Feb 20, 2018 - 10:33am

I believe

Please don't pop my bubble. I want to think I am winning and the government is my friend.

Marcus
Feb 20, 2018 - 10:40am

3rd

Okay, Marchas, the next (4th) spot is yours.

I love listening to this guy and if you have an hour to spare, there's some powerful stuff in here, especially towards the end, where he ties everything up so darned logically (regarding liberty, the lies and violence of the state, and a better way forward).

The Truth About Black Panther
phoenixphoenix
Feb 20, 2018 - 10:56am

TA

TA. is used to give a pseudo legitimacy to prices that do not reflect true value.Otherwise it would be obvious, mix in some genuine small moves by those trying to trade and the cover is complete. Fake failed trendline breaks, support broken, resistance breakout reversals and repeat, occasionally allow breakouts to happen and run away with prices such that most miss them,all programmed into the Algos which are tweaked constantly.

Thats my take anyway.

cashonly
Feb 20, 2018 - 11:08am

Inflation a good thing..

..when you're driving up a stock market. And let's face it folks, everything is about 'market'.

AGXIIK
Feb 20, 2018 - 11:11am

Sing me a song of bluebirds and happyness

I believe in the tooth fairy, eather bunny, pixies and unicorns.

mueller, Mueller MUELLER ! Dammit, where's my $5,000 Ferrari, Mueller ???

Tell me a bed time story Uncle Sam. I want to go back to sleep, to time when a 4 year B.S. degree, including books and tuition, cost $2,500 and actually was worth the price earnings ratio.

Now it's 1,000% higher, tipping scales at $25,000 PER YEAR.

It kind of makes me glad I'm much older now. I might be as dumb as a box of hammers but I dont gots to go back to scool and get my edjumucation.

Inflation is still a son of a bitch but it's manageable.

Like Canadian Dirtlump on Silver Doctors was know to say. I got my stack and everything else is bull shit.

silver10sguy
Feb 20, 2018 - 11:23am

Sears Catalog Early 1900's

A year ago or so I found an early 1900's Sears catalog in an antique store. Immediately I bought it for the purpose of measuring inflation. Wow! For the most part everything that Americans purchased in the early 1900's till today was up around 9% annually. Before the criminal Federal Reserve the dollar's purchasing power was freaking amazing! There was a canned goods category and I was shocked at the low prices. Then the REAL SHOCKER came when I noticed the price of any of the canned goods was for around 6 cans!!! I also saw some cool shotguns for about $12 - $20!!! Central banks need to die!

pabste
Feb 20, 2018 - 11:39am

Big Bad Don

Big Don
Mickey
Feb 20, 2018 - 2:41pm

Think about the cost of "legal" drugs

they improve your life so they are deflationary.

everything is screwed up. the trick wil be how long societies will last building debt faster than economic growth.

outcomes are going to be bad whether we default, renege, inflate.

The major question is when do we "rollover"?

Mickey
Feb 20, 2018 - 3:21pm

metals

remember 99% or so of the US population is not invested in metals. Most of those have no choice as they do not have regular taxed money available to invest in metals, and their 401ks if they are with a company, most likely do not have a "Metals" option.

So even when the rollover begins most of the population will not have options to buy metals.

However, the single digit population that does have the ability to buy metals will likely do so with both hands.

When will this happen? One day we wake up and markets and banks will be closed, fearful of a run on their cash.

that is counterparty risk. remember we are creditors , subordinated at that, for our checking and brokerage accounts.

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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