Here's a chart from the Bureau of Labor Statistics, just released today:
Do you see what I see? The inflation spike ended, abruptly and completely, in July. So how did CNN, the New York Times, and the rest of the gang maintain the fiction that inflation was still out of control? They stopped reporting on monthly increases in prices, which has been the standard for my entire life, and started reporting on the difference between price levels this month and prices one year previously. That meant that the inflation that had already happened from February to June got reported as though it were still happening, even though inflation in July was actually zero. Prices fell in December, you will note, and deflation is supposed to be the greatest economic peril, yet the Fed is committed to continuing to raise interest rates -- even though inflation ended six months ago. They already won.
Why did the corporate media lie to the American people about this, and why are they still doing it?
1 comment:
I cannot stand The New York Times, and I've discontinued my subscription. The reason is that I am beyond fed up with what they choose to report on, and what they don't choose to report on. Their whole existence seems to be predicated on setting an agenda--as if they have any influence whatsoever, and as if anyone gives a flying fuck what they say or think.
Beyond that, they truly do have some fascinating and well-written stories about many things, but I am not renewing my subscription to the paper. Also, their puzzles are asinine.
But again, as with the Fox propaganda network, the question is: Why do they write about what they write about, and why do they lie by omission? What is their aim, and what is their goal in such a case?
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