hope some of them. i am max kaiser this is the kaiser reports. let s check in with stacey. well max the fare is succeeding at what it wanted to do according to this headline from wolf street dot com dollars purchasing power dwindles to another record low the fed is getting its wishes so leave this data shows that durable goods inflation is that 3.3 percent food inflation has a 3.4 percent and the consumer price index rues 1.7 percent in february from a year earlier the fastest year over year increase in 12 months re and the government is claiming that in 2020 inflation rate was approximately 1.6 percent and they are estimating that for 2021 the official rate of inflation will be about 2 and a quarter percent now if we were to look at the way inflation was calculated just 20 years ago without a lot of the what are called donek adjustments what we find is that the actual rate of inflation is over 9 percent so that chart from wall street dot com is showing clearly that your purc
covered food prices or the supermarket prices are going up by over 5 percent some products and that s where that he donek adjustment comes and said like beef was up by 180 percent last summer of course then people say oh you know the fed academic you know economists will say well people stop buying the beef and they buy chicken or pork instead and therefore inflation has actually gone down not risen so that the fed s mandate is to look at wages and prices right so here are the 2 ingredients they re looking at they want the purchasing power to decline they want that that s what they want they want inflation. and the wages are always a difficult thing because they don t want those to rise they never want those to rise they want prices to rise but they don t want wages to rise. the politically incorrect term for consumer price inflation which is what c.p.i. tracks is quote loss of purchasing power of the consumer dollar and thereby the loss of purchasing power of libor denominat
dwindles to another record low fed is getting its wish it has so the latest data shows the durable goods inflation is that 3.3 percent food inflation has a 3.4 percent and the consumer price index rues 1.7 percent in february from a year earlier the fastest year over year increase in 12 months right and the government is claiming that in 2020 the inflation rate was approximately 1.6 percent and they are estimating that for 2021 the official rate of inflation will be about 2 and a quarter per cent now if we were to look at the way inflation was calculated just 20 years ago without a lot of the what are called the donek adjustments. what we find is that the actual rate of inflation is over 9 percent so that chart from wall street dot com is showing clearly that your purchasing power for the money in your pocket is losing at least 10 percent per year in purchasing power that means you if your wages are not increasing by 10 percent a year that means your standard of living is dro
a struggle to bring in quote unquote minimum wage to create. livable wages the clearly those wages are not are not expanding so that quality of life in america in aggregate because of the money printing which reduces purchasing power is causing the standard of living in america to go down debt is irrefutable and anyone who debates that is not looking at these very same and clear numbers yet we re going to look at that chart you mention from wall street dot com that comes from data pulled from the bureau of labor statistics which shows that decline in the purchasing power of the dollar of course the money spigots were opened and poured all over the place last year in 2020 across the board so there was a huge amount of increase of money supply number it wages went up by 14 percent last year 8 income went up by 14 percent a lot from government transfers so a lot of people got a lot of money a lot of it however was dispensed with us p.p.p. loans which went to multibillion heiress
a quarter percent now if we were to look at the way inflation was calculated just 20 years ago without a lot of the what are called donek adjustments. what we find is that the actual rate of inflation is over 9 percent so that chart from wall street dot com is showing clearly that your purchasing power for the money in your pocket is losing at least 10 percent per year in purchasing power that means you if your wages are not increasing by 10 percent a year that means your standard of living is dropping and what we have united states certainly is a struggle to bring in quote unquote minimum wage to create. livable wages the clearly those wages are not are not expanding so that quality of life in america in aggregate because of the money printing which reduces purchasing power is causing the standard of living in america to go down debt is irrefutable and anyone who debates that is not looking at these very same thing clear numbers yet we re going to look at that chart you ment