Jim Rogers- Jim Rogers: Inflation data is a lie

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Jim Rogers: Inflation data is a lie

Friday, June 11, 2010
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From an interview with the Hera Research Newsletter on GoldSeek.com:

HRN: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

Jim Rogers: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades.

When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it.

It’s the same with many things. It’s staggering some of the...

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More from Jim Rogers:

Jim Rogers: Goldman could crash stocks

Jim Rogers: The U.S. should be worried about this

Jim Rogers: Now is the time to buy silver and natural gas

Topics:		Jim_Rogers \| Inflation \| Cruxallaneous

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