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152 comments on Peak Oil: The inflationary case

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jondough on April 12, 2006 - 5:34am Permalink | Subthread | Comments top
The whole definition of inflation is a very contentious issue. The goldbug camp swears there are significant efforts made to conceal the true inflation that people feel in the wallet. Of particular concern is this practice of replacing steak with hamburger and hamburger with dogfood - the actual items in a consumer basket are not really constant. Seems like comparing apples to oranges. Personally, I feel like life is getting way more expensive compared to the 1-2% posted rates, but I don't have any hard calculations to back it up.

Here is an interesting link on the government stats that we are expected to take a gospel
http://www.gillespieresearch.com/cgi-bin/bgn

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OilTrader on April 12, 2006 - 12:16pm Permalink | Subthread | Parent | Comments top
It is not just the gold bugs.  It is also accountants!  CPI calculated in the "old" way used before Clinton is running about 8%:

http://www.weedenco.com/welling/Downloads/2006/0804welling022106.pdf

Williams is associated with the Gillespie site you posted.

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CreoleGenius on April 12, 2006 - 1:05pm Permalink | Subthread | Parent | Comments top
jondough;

They are already telegraphing the hoodwinking!  Network-level
TV commercials for a popular dollar store chain are advertising
specials for their brand authentic 'Meat Flavored" Marinara Sauce.

Watch "Repo Man" again.  Soon we may be allowed to stand in
queues for Fresh, Generic brand 'CANNED FOOD'.

Best get your real food act together while you still can.

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152 comments on Peak Oil: The inflationary case

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