Government Rigged the CPI to Understate Inflation – Ep 760

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 11 December 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* October and November see biggest back to back CPI increase of the year.
* 2021 inflation was worse than any year in the 1970s.
* Rigged CPI adds to government revenue.
* Jussie Smollett hangs himself with fake noose story.

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Transcript

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0:00.0	The Peter Ships Show.
0:09.1	Today's podcast is sponsored by Shopify.
0:11.9	Shopify is a platform designed for anyone to sell anywhere, giving small entrepreneurs
0:17.3	the resources once reserved just for big business.
0:21.0	To get a 14-day free trial and full access to Shopify's entire suite of features, go to
0:26.8	shopify.com slash gold.
0:29.9	Today's podcast is also sponsored by TheraGun.
0:33.4	And now you can try TheraGun for 30 days starting as low as $199.
0:39.8	Just go to TheraBody.com slash Peter right now and get your Gen 4 TheraGun today.
0:46.4	The big story today is inflation and the story would be even bigger if the statistics that
0:53.4	the government released were honest.
0:56.1	But I will get to that a little bit later in the podcast.
0:58.8	And for now, let's just focus on the numbers that were released by the Bureau of Labor
1:04.4	Statistics yesterday on Friday, the official CPI numbers for the month of November.
1:11.9	The consensus forecast was for a .7% rise, which is a big number, especially on the back
1:21.0	of the .9% increase for the previous month.
1:25.6	And we ended up with a .8% rise.
1:28.5	So a big number even bigger than what had been expected.
1:32.4	But what's particularly problematic is that these are big back-to-back increases in October
1:39.9	and November.
1:41.2	Again, proving that what we've seen thus far in 2021 is hardly transitory.
1:48.3	Of course, I was saying this at the beginning of the year, but the October November numbers.
	...

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