- There are three kinds of falsehoods: lies, damned lies and statistics
- Mark Twain
Actually, it was the English prime minister, Disraeli who first referenced the quote. For all the education in Congress (almost all are lawyers) and in the media, one would think that someone not only opposes certain aspects of our government, but they would call them out. The moment should start with the above quote.
Inflation
The report lies adjacent to another Twain quote, "Half Truths." The government reported that inflation rose again. It reached 6.8% in November. Do you think this is right? It is what Twain calls a half truth. Why, you ask? Because like we, at Evolution have pointed out in the past, their matrix formula, copied from the Federal Reserve does not include the three basic necessities that each one of us need every day: food, energy and shelter. So, if you dropped the government formula and just counted the three needs, inflation is off the charts. Energy is up over 50% from last year. Food is up 10% from the same time period. Housing? The Fed has kept rates below inflation for years. Imagine for one moment, this historical aspect? Housing rates were considered low and reasonable at 7% throughout our history. Could you afford your home at that rate? The answer is probably no for the majority of us. As for renters, the moratorium by the Executive Branch says all you need to know. Rents are way too high for workers which is why we have the moratorium. This is the real proof of how the Fed has destroyed our currency and standard of living. Everything is a lie. No! A damn lie!
And if you believe these crooks know what they are doing, just recall the chairman's use of the word "transitory" for inflation. Combine that with the monthly reports. After every report, the Fed said in a few months these price increases will cease. In March, inflation came in at 5.6%. In June, it rose again to 6.2%. Haven't you had enough? These government agencies are run by appointed "yes-men." The statistics are manipulated crap. Our government reports are no different than third world dictators, lying to their nation. Do you believe unemployment is 4.2%? I said enough.
Another Example?
How about the recent Commerce Department report on our exports and imports? They said that our exports reached a record. Sounds good, right? It is another half-truth. The report gets worse. It stated that our deficits were shrinking. Would you call a deficit of $67.1 billion in the negative column a positive? No way! Not even close. In fact, the total deficits for our nation for just the first two months of the new fiscal year is $356.4 billion. Then, you get people in Congress like Alexandria Ocasio-Cortez. She makes $137,000 a year. Now, she wants us to pay off her student debt loan. She must be a descendant of the explorer Cortez. She thinks fiat money printing is the new gold. Well, AOC, did you know that a good gold mine must extract 10 tons of rock just to get one ounce of gold? This is why our founding fathers chose the precious metal for our currency. You have to work hard to get it. Pay off your own student loan!
Last Word on Central Bankers
The European Common Bank Chair said the other day that inflation in the EU will drop to 2% in 2022. These crooks are all from the same mold. They back the banking industry and the rich. They lie to their constituents. By the way, will this chair face any negative consequences for being wrong? No! It is the same for the US Fed. It is all lies and more lies!
The market is reflecting all the data like from above and other sources. You can see crazy behavior in many issues. For example, Docusign, Inc. (DOCU) was $310 in September, and now $144. AMC hit $52 in September, and now $27. Going the other way, Broadcom (AVGO) was $490 in September, and now $631. Markets like this are very dangerous. Put your time into reconnecting with friends and family: send out holiday cards with love. Peace.
