I’m wondering if mainstream media and government is lying about inflation in the US. energy prices up 80% food prices up 60% and the fake news serial liars tell you inflation is 4%
Who are the "fake news serial liars"? And please list a few specific lies from specific sources with a link(s) to the correct data. Here's data from The News Media Group, a private site in Spain: Current U.S. inflation rate as of June 11, 2.4% Here's a non profit CPI Inflation Calculator, annual rate, 2.5% Inflation is measured by looking at the prices in different categories such as; food, housing, clothing, transportation, medical care, recreation, education, etc. Each category is given a different "weight of importance", housing being the most important and misc the least. Energy and food prices may be up, while other categories are down.
They're capable of lying about the economy for a few weeks, before people catch on, and are quite capable of using the mass media to rig the economy. For example, Tom's Hardware is an online electronics review magazine, that was actually started by Intel, so they would have the best reviewers for their products. Of course, they spent enough money on the website to dominate the market for electronics reviewers, and now they're using it to manipulate Wall Street. Publishing articles suggesting the Chinese government is failing to keep up economically in the high tech sector, with numerous failed fabrication plants. The simple truth is, even the Pentagon knows damn well, the only way to make faster progress in high tech, is to throw enough money at the problem to stomp it into the dirt. Meta just hired AI experts for 300 million dollars for four years work. So long as the bullshit keeps flying in every direction, honesty is way too expensive.
According to my research Tom's Hardware was started in 1996 by Dr. Thomas Pabst, a tech journalist, not Intel. Seems he was highly critical of Intel at times. The Intel Pentium II ('Klamath') CPU
That was over thirty years ago. I suppose even Intel had to criticize its own Pentium II, because it was the fastest processor on the market and, at the time, Intel owned the patents on about 80% of what you found inside any computer produced. Today, its maybe half. The Pentium II was the first processor that could, sort of, keep up with a gooey interface, and sort of play games other than Doom.
If you want to follow inflation, you have to follow the money. For example, one of the first things they did in the economic war with China, was for the Pentagon to release funds to house homeless veterans. The Pentagon has never had any problem shooting its own veterans in the head with tear gas canisters and rubber bullets, and hiding all the evidence for brain damage and PTSD for thirty years, and was merely a convenient way to prop up the real estate market when Covid collapsed it. It takes a few years for such things to really impact the markets, and what they're doing now is anybody's guess, as is how it will stand up against Donald Duck playing cutthroat poker with the entire planet. As poker players go, he's pretty bad, but Putin, Xi, and the rest are even worse.
They lie about everything? Really? Here's a current article from one of my local mainstream media outlets: I don't believe a word of it as the mainstream media and official government lie about everything. I'm planning on heading down that road today as my mind knows that it isn't closed, there are no downed power lines, and no one has lost power.
I think they gloss over the real damage of inflation. Low income people are hit much harder and some goods like eggs increase in price much higher than the average inflation rate
The Fed Board of Govenors is measuring the effects of Tarrifs on the economy / inflation. Perhaps we get a rate cut. Something like 200 Billion has been collected in Tarrif income so far.
I didn't know that. Those numbers seem very high so I am skeptical. The media created my skeptical attitude as there seems two truths. Something needs to change with that
The dollar is so overvalued right now, Donald Duck is calling for war with China. Its one giant shell game between banks and oligopolies and, so far, they've all proven quite capable of rapidly moving their money around and hedging their bets. The banks are seriously pissed at China deciding to change the rules on them, after they had already invested in the country, and now want Donald Duck to punish them economically. Whether he can pull it off is another issue altogether, because China is enormous, and a threat to everyone's economy. What we require is an entirely new economy, that only AI and quantum computing can provide. Our resources are both shrinking and expanding, along with everyone killing each other, and the shit is definitely about to hit the fan with global warming.
You said alot. I will boil it down. We are sitting on ticking time bomb. Trouble is we can't tell time
After sending an unGodly amount of missiles and fighter jets for three years to both Russia and the Pacific, Donald Duck has told Japan and Australia to prepare for war. The expectation is that the US will cause China's economy to collapse, and China may attempt to invade Taijuan. The Chinese economy will continue to grow, its unstoppable, but their population may riot, in the traditional Chinese fashion, by the millions. Like everyone else, their population is already imploding, and ready to collapse, adding an additional economic burden. The US can't possibly keep up with China for weapons right now, but we are developing the technology to replace even their rare earth exports with cheaper alternatives, and to mass produce weapons on an unheard of scale. Forty thousand cheap drones printed like so many newspapers overnight, is just the tip of the iceberg. The latest drones imitate sting rays and bats, but they've finally gotten all the mechanics down for animal motion. The push has been towards making them deadly silent.
Finance math.........is pretty simple...........everything gets more expensive and you get less for your dollar/euro(wage)?................pure inflation. What stupifies me is that everybody(economist/experts/politics/ect)...........think this is "normal".............debt based sytem(worldwide).........wich will eventualy crash(hard), with all that goes with that(chaos) I live in NL and we get payrises and get compensated(goverment) for inflation...............but that just makes services/utility s and goverment(wages) more expensive(wich makes everything even more expensive)..........maybe the politicians should do something about company s/banks(stock exchanges) ect. Lay down some rules(profits)...........*sigh* Mzzls