1 Jun 2025 11:47 pm
Price of gold in 2005 was $450-550
Price of gold in 2015 was $1000-1200
Price of gold in 2025 is $3000-3500
—————————
If it wasn’t for “cheap Chinese crap” (designed to front run perfect competition, oversaturated markets - where profits approach 0%) flooding US stores, the BLS wouldn’t be able to hide behind its fraudulent inflation #s for long.
Imagine paying 2.5-3x more for everyday goods compared to 2015, basically > (housing and healthcare - 2 items coincidentally divorced from overseas competition in terms of supply)
So of course the BLS will heavily overweight “cheap Chinese crap” in their “basket”
Price of gold in 2015 was $1000-1200
Price of gold in 2025 is $3000-3500
—————————
If it wasn’t for “cheap Chinese crap” (designed to front run perfect competition, oversaturated markets - where profits approach 0%) flooding US stores, the BLS wouldn’t be able to hide behind its fraudulent inflation #s for long.
Imagine paying 2.5-3x more for everyday goods compared to 2015, basically > (housing and healthcare - 2 items coincidentally divorced from overseas competition in terms of supply)
So of course the BLS will heavily overweight “cheap Chinese crap” in their “basket”