Did anyone see this article on WorldNetDaily today?
WorldNetDaily: Expert says feds stealing half of seniors' paychecks
Any thoughts from the Forum members on the concept that the US Government and the Fed are cooking the inflation numbers?
I've looked at the website mentioned in the article 'Shadow Government Statistics' Shadow Government Statistics. and found the site very interesting. I don't have a membership so could not really investigate very thoroughly. This same website was quoted in the new issue of Forbes (12 NOV 07 edition) on page 36 in an article titled 'Inflation Fears' by Bernard Condon.
I am sure not a trained economist, but when I see what is happening to prices for almost everything except autos and electronics, you know that we do not have a 2.1% annual inflation rate!
It will be interesting to learn people's thoughts and views on REAL inflation and how people think actual inflation will impact their portfolios and investment decisions.
RJS
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