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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (4203)3/20/2009 2:09:52 PM
From: Wayners  Read Replies (1) of 103300
 
I agree about CPI being fixed, doctored, etc. It way understates real inflation. As I understand it, the purchasing power of gold is the best way to really measure inflation, not with phony baskets of goods that keep changing. The purchasing power of gold isn't going up currently. A fixed amount still buys what it has always been able to buy. It's the most stable commodity in the world with laregly fixed supply. When gold goes up in dollars it only means the dollar has gone down in purchasing power while gold has stayed the same. 1 oz of Gold bought a very nice suit 50 years ago and it still does today. 100 oz. of gold 50 years ago would by a really really nice automobile, same today.

So if you run a chart showing two lines, one for the % change in Govt. calculated CPI each year and a second line for % change in the "value" of an ounce of Gold in dollars, I believe this gives a real sense of what the Govt is doing with the CPI numbers and it shows that CPI changes are consistently less than real inflation as accurately measured by Gold.

I wish my paycheck COLA's were indexed to Gold or Silver rather than the phony CPI. Another rip off, and way to force everybody to pay the inflation tax to pay for other people's junk programs and power ambitions.
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