2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Members of the Federal Reserve and other bureaucrats have said they are not worried about the inflation rate, and some officials are even encouraging price increases for goods and services across the board. Despite the purported statistic that U.S. inflation is only 2% to 2.24%, reports show that the Fed’s liquidity expansion has accelerated inflation and prices of goods and services in the U.S. have risen significantly.

Federal Reserve says US inflation is sitting well at 2%

There is a reason why precious metals like gold, silver and cryptocurrencies like bitcoin (BTC) are considered saviors of monetary inflation. These three forms of money and their monetary base cannot be expanded indefinitely, and statistics show that the money supply in the US is now 24% larger than before the pandemic stimulus programs.

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Today, the Fed’s own books, many status quo economists and publications in the mainstream media claim that US inflation is at most 2% to 2.24%. In addition, U.S. policymakers and central bankers are planning to pump another few trillion dollars into the economy, ostensibly to rebuild America’s infrastructure. This stimulus ($3 trillion), if implemented, will add 12.2% to US money supply growth.

Although 77% of Americans fear a loss of purchasing power, the Fed and bureaucrats have so far shown no concern about inflation. However, statistics from shadowstats.com and equipmentradar.com show that inflation is much higher than the regularly reported 2%.

By targeting an average inflation rate of 2 percent, the FOMC will encourage longer-term inflation expectations to remain at a high level of 2 percent, the Federal Reserve notes in its Frequently Asked Questions (FAQ) section.

Actual inflation and forecast of $8-10 per bushel of corn from 2021-2023

But the current prices everyone sees for goods and services don’t match the Fed’s alleged 2% discount. According to researchers at shadowstats.com, inflation rose sharply in February while economic activity fell. According to Inflation Update 2-5, March did not mark the beginning of a boom in economic growth. April.

Real new orders for durable goods fell 3.2 (-3.2%) month-on-month and -0.6% year-on-year in February, shadowstats.com said in an April update. The Cass Freight Index fell 3.2% in the month and slowed year-on-year, with the two-year change at 3.7%. Sales of new homes fell 18.2% and sales of existing homes fell 6.6%. Both building permits and housing starts recorded statistically significant monthly declines of more than -10.0%.

(left chart) Statistics from equipmentradar.com. Statistics from shadowstats.com 3/10/21.

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

In addition to the latest shadowstats.com report, another report from equipmentradar.com, titled Set the Focus on $8-10/Bu Corn between 2021-2023, also shows that commodity prices have increased.

In addition to forecasting $8 to $10 per bushel [corn] in 2021-2023, the equipmentradar.com study shows a chart of various commodity prices in the U.S. with inflation well above 2%. These include oil +80%, corn +69%, steel +145%, wheat +25%, coffee +34%, cotton +35%, copper +50%, wood +126%, soybeans +71%, home values +8% and the stock market +24%.

It is clear that the American public is unaware of the truth about the expansion of the money supply, where it is going, and the real rate of inflation. American citizens forced to use the US dollar as legal tender have seen a massive monetary expansion take place before their eyes.

Even with direct stimulus, the American public is aware that most of the stimulus money has gone to special interest groups, such as corporations, military commodity traders, and American banks. The decline in purchasing power is real and people are realizing that their meager money is much less useful today to buy goods and services.

What do you think about real inflation of goods and services and the fact that the Fed and bureaucrats are ignoring the announced 2% rate? Let us know what you think in the comments below.

Tags in this story

2.24%, 2%, Bitcoin (BTC), bureaucrats, corn, equipmentradar.com, Federal Reserve, gold, goods and services, basic services, home sales, inflation, inflation year, timber, Oil, politics, purchasing power, shadowstats.com, money, stock market, federation, U.S. inflation, 2% well established

Photo credit: Shutterstock, Pixabay, Wiki Commons, Federa Reserve, shadowstats.com, equipmentradar.com

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