Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Marc Faber, author of the Gloom Boom & Doom Report, says the annual cost of living increases in the U.S. are more than 5% today and the Bureau of Labor statistics and Ben Bernanke are continuously lying about the inflation rate. “Inflation is much higher than what they publish. I think that inflation is between 5% and 8% per annum in the U.S., and in Western Europe a little bit lower, 4–5% per annum,” says Faber.
Source: YouTube, February 11, 2011 (hat tip: Financial Doom Blog).
U.S. government lying about inflation, says Faber was first posted on February 21, 2011 at 9:00 am.
©2011 “Investment Postcards from Cape Town“. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at wordpress@investmentpostcards.com
Feed enhanced by the Add To Feed Plugin by Ajay D’Souza
