There’s no B.S. like the BLS – Dave Kranzler, Investment Research Dynamics
The Bureau of Labor Statistics reported the Consumer Price Index for April this morning. This Ministry of “Truth” published an inflation report that asserts that consumer inflation rose .1% month over month for April. But a further dissection of the numbers shows that the BLS has the price of gasoline falling 1.7% during April.
This is either a politically motivated act of fraud or complete incompetence on the part of the Government statisticians and data gatherers (the Census Bureau).
In fact, the price of gasoline rose over 12% during April – the fastest monthly rise in history:
As you can see, the price of gasoline rose from $1.77 to $2.00 during the month of April. Either the people running the BLS are complete incompetent idiots or have been given strict orders from above – i.e. the White House – to produce politically friendly economic reports. Let’s call the BLS “The Ministry of Disinformation.”
The BLS’ distortion of the data it reports is far greater and fraudulent that ANYONE is willing to admit, investigate or report.
Here’s what they did to gold after that fraud-filled CPI report was released (click to enlarge):
Any questions as to the political motivation behind the Government’s intentional release of fraudulent economic data?