Inflation is actually double digits if calculated the same as in 1980

Regarding Michael Snyder’s prediction here, he’s been wrong many times before, but we’ll see. Joel Skousen has called him out many times, and has been predicting the powers that be won’t allow total collapse so the boiling frogs won’t jump out of the pot.

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This Is The Worst Inflation Since The 1970s, And The Stage Is Being Set For The Total Collapse Of The U.S. Economy

July 13, 2021 by IWB

Michael Snyder

How does it feel to live in a country with double-digit inflation?  On Tuesday, the Bureau of Labor Statistics told us that the consumer price index has risen 5.4 percent over the past 12 months, and such a high number shocked a lot of people.  But in order to make a fair comparison to the past, we have to account for the fact that the way inflation is calculated has been changed literally dozens of times over the past several decades.  According to John Williams of shadowstats.com, if inflation was still calculated the way that it was back in 1990, the official rate of inflation over the past 12 months would be about 9 percent.  And if inflation was still calculated the way that it was back in 1980, the official rate of inflation over the past 12 months would be well into double-digits.

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