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Video – The Potential Impact Of The Obama Budget On Average Americans
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
streettalklive.com / by Lance Roberts / Friday, April 12, 2013
Spent a lot of time with my friends, Melissa Wilson and Mike Iscovitz, on local Fox26 News discussing Obama’s proposed budget. We discussed a wide range of topics relating to Obama’s proposal from the real impact of “Chained CPI” on retirees as well as those currently employed, the actions by the Bank of Japan on U.S. interest rates and why the University of Texas has invested so heavily into gold.
The one interesting aspect of “Chained CPI” is that its formula automatically lowers the rate of inflation as measured by the government. Here is the question:
“If something is measured in order to provide information on which decisions can be made – what good is that information if it has been tampered with in order to give a different result?”
For example: There are a group of students that all take a test. The students caveat is that the students can only graduate if the average of all of the test scores equals a “B.” However, the University receives more money the longer these students remain in the class and do not graduate. Therefore, the University issues a new rule which says that instead of using a simple average of the test scores to determine the class grade in the future only the bottom 2/3rds of the scores will be counted. Obviously, this automatically lowers the overall class grades and keeps the class from graduating.
Thanks to BrotherJohnF
2013-04-12 16:32:01
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