Are governments and central banks reporting accurate inflation numbers? Why are the inflation numbers not reflecting reality? What inflation calculation methods are more reliable?

🔘Watch the episode on YouTube:
https://youtu.be/cPizYRK58LM

In the first part of our conversation with John Williams from ShadowStats, we break down inflation: why are U.S. government and the Federal Reserve reporting inaccurate inflation numbers, the implications on GDP, the different reporting methods and the link between money supply and inflation.

🗓️ Recording date: 05/10/21

⏰ Topics ⏰
00:00 Intro
01:33 Definition of inflation
02:42 How inflation is calculated
04:40 Why and how the U.S. government changed inflation reporting
12:30 Difference between CPI and PCE
17:20 How hedonics and substitutions are lowering inflation
19:22 Inflation's rate VS rate of change
24:12 Measurement of the Bureau of Labor Statistics
25:20 Inaccurate economic reporting & numbers
27:04 Why the FED doesn't use CPI
28:20 Advantages of understating inflation
30:58 Link between money supply and inflation
33:53 GDP reporting is not reflecting reality
34:57 Only government data that can be trusted
37:02 Outro

💡 About John Williams (ShadowStats)
"John Williams’ Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.

👉 Website:
http://www.shadowstats.com/

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A podcast inviting guests with valuable insights into the emergence of a new monetary system through the lens of precious metals, cryptocurrencies and other financial instruments presented by Bart Brands, Precious Metals Specialist and Alexej Jordanov, Content Architect at GoldRepublic.

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