John Williams, founder of ShadowStats, calculates inflation using the same methodology that the government used to have for calculating the consumer price index (CPI).
Williams told David Lin, anchor for Kitco News, that the true headline CPI number is loser to 15%, not 7%, as reported by the Bureau of Labor Statistics.
Here’s why the government has a political incentive to “suppress” the reported inflation number.
Follow David Lin on Twitter: @davidlin_TV (
Follow Kitco News on Twitter: @KitcoNewsNOW (
#inflation #economy #ShadowStats
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23 Comments
He is not lying
Great Interview and analysis. STAGFLATION COMING
Right on. The cost to maintain a standard of living is true economic indicator.
This under reporting of inflation is from reverse engineering whatever inflation they want to report. It’s all a scam.
House prices more than doubled in last 2 years! How can that be 7%?
THE LIE of the CORRUPT Establishment didn't start with THIS LIE. It started with CONSPIRACY to suppress and remove BARNEY from primaries. We knew they were DELIBERATELY causing inflation to HELP THE RICH STAY AFLOAT. Tomorrow they will say inflation is down to 3% and is CONTROLLED. No need to hike INTEREST. And this is called "FREE MARKET."
Dollar Tree bumped their $1 item price to $1.25. That’s +25% adjustment and just one of many examples. Inflation is well above 15%. 7% is pure bs.
Look at gold levels! Molly must be barking non-stop now.
China has a gdp to debt ratio of 300% . Their finance are voodoo at this point
Thank you
It's actually a good thing the government is understating CPI. Imagine how much worse our debt situation would be if it were accurate?
The s&p 500 has gone up by a factor of 40 since 1982. Plus its produced dividends.
Gold has gone up 5x with no dividends.
But gold is the best way to preserve wealth.
🤣🤣
Gold bugs only ever measure from 2000 because it makes them look good.
I am so happy to hear someone speak the truth about the CPI and the reasons the calculations were changed to artificially suppress the numbers
Thank you so much for this interview. I so much appreciate Mr Williams and the wisdom he has shared with us !!!
Finally the truth comes out! 🙀🙀🙀🙀
Don't complicate things ANYTHING THE FED SAYS IS CONTRIVED TO COVER THE FED INFLATING WITH NO SIGNS OF STOPPING EVER….. TAX TAX TAX…
How can any creditable analysts really speak confidently about data numbers they must realize are completely faked by the FED….???
The FED will make up more fake CPI data & any other data to continue to inflate the U.S. fiat dollar out of existence….
The FED is designed to INFLATE… They will keep printing money & inflating the global economy….INFLATION IS NOTHING MORE THAN A HIDDEN TAX….
banks were giving 16% 5 year CD's in 1980. If you "think" that they'd give you more than the inflation rate, you're nuts.
inflation is an AFTER tax and after 13% "self employed SS! You have to make 30% on your investments to make a dime. They are going to take 40% from you, SS and taxes. Say you have 100k invested, at 30%, you make 30k. But they take 12k in SS and taxes and 15k inflation loss, that leaves you clearing a lousy 3%%. So you're better off to just hold gold. Then at least you're not funding your enemies.
Which (alleged Great) president in the early 80? Oooh right, trickle down. Who appointed Greenspan? Was it not Greenspan that started bailing everyone(companies) out? Which president in the early 2000's? I think that was also the first president to BUY his second term by sending everyone $300 How much did that add to the deficit? Both from which party?
This interview is gold! I didn't know we were this far behind on GDP.
Great interview… Learned a lot