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RE: Food Prices Have Risen DRAMATICALLY! Watch Me Compare FAKE Statistics And REAL!

in #money6 years ago (edited)

The situation in Canada, as I'm sure you know David, is even worse. We import a lot of food from the US, so we get their inflation plus the inflation caused by significant dollar devaluation. Meanwhile, the gov't puts out impossible inflation rates of under 2%! The impact is more poverty for people. Negotiating a proper raise with such low inflation is hard. High unemployment​ magnifies this factor. Further, indexed pension funds don't get the correct adjustment​. These impacts compound​ with time, kind of​ like reverse compound interest, so these impacts multiply over time. Added to these reasons, real GDP growth rates are based on inflation. If the actual inflation figures were used, it would most likely show us to be in a severe recession or depression. ​As you've said, we getting closer to a tipping point and even the most docile sheeple will have to react if they are to survive.

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Seriously. It's so bad here in Toronto in my experience. What a joke these numbers they provide us!

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