Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (21028)	5/24/2004 10:31:37 PM
From: sea_urchin	Read Replies (1) of 81023

> Amazing how the price of crude doesn't affect the important indicators of the US economy. prudentbear.com >>Using the Consumer Price Index to Rob Americans Blind Most Americans have been led to believe that the Consumer Price Index (CPI) actually measures the “cost of maintaining a constant standard of living” as the prices for goods we purchase increase. Indeed, we are foolish enough to believe that the index is an accurate measure of the price increases for the same basket of goods we buy every year. If this were actually true, the index would show an honest increase of 3% - 4% in price, there would be no productivity miracle, interest rates would be much higher, and bond and stock prices would be lower. Of course, with an election approaching, our elected officials don’t want the CPI to be an honest measure of the cost of maintaining the same standard of living or quality of life. They want a politically convenient index, cleverly devised to hardly ever rise at all! What you should find unsettling and fraudulent are the ways that the CPI is manipulated to ensure there is no inflation, regardless of how high the prices rise for things we must buy to live. <<

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