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Strategies & Market Trends : Strictly: Drilling II
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To: Jim Willie CB who wrote (29152)3/6/2003 10:05:56 PM
From: terry richardson  Read Replies (2) of 36161
 
jim:

Re: "economic reporting is distorted in almost every single measure"

You're not alone:

from US representative Ron Paul's (Texas) Web Site:

"..........Meanwhile, Federal Reserve Chairman Greenspan recently suggested before a congressional committee that billions could be saved if the Treasury used lower inflation estimates. In other words, if we say inflation is lower than the Consumer Price Index and other barometers indicate, Congress won’t have to spend as much on cost-of-living adjustments for programs like Social Security. This amounts to lying to the American people about our monetary policies, by hiding the true rate of inflation caused by printing too many dollars and keeping interest rates artificially low........"
house.gov

Regards

T.
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