Evidence is piling up that the numbers coming out of official US Government channels regarding inflation are completely untrustworthy. A simple trip to the gas station or grocery store will tell the average American all they need to know about inflation. The only question is when the mass public will start to make the connection between bank bailouts and soaring consumer prices.
General Mills came out Wednesday 3/22 with their Q3 earnings. What do you suppose was one of the top points they wanted to make to their investors? Simple, that General Mills was experiencing significantly higher input costs year-over-year – 10% to 11% higher. That’s called inflation. Decide for yourself.
Shadowstats.com reports inflation and employment numbers based on official US Government policies dating back to 1980. Using the older methods which clearly provide a more realistic depiction of what American experience at the cash register we can see that General Mills is spot on. Inflation is running at 10% to 11% whereas Capitol Hill would have you believe it is a paltry 3.5%.
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