Peter Schiff shared: Government Rigged the CPI to Understate Inflation.

Community Response: The government exists to enrich the already rich through whatever means possible. Disagree?

Enabled by the poor who can’t think for themselves. So knowing that, can you really blame the rich?

Peter is quickly becoming a crypto podcaster lol.

On this point, I agree with Mr. Schiff. CPI is rigged to understate inflation.

For clarity, The CPI coin is essentially a governance token, which is used to represent an interest in the health of the CPIX token ecosystem.

Crypto is a risk asset. It moves with the market. With rapid inflation, there is a high government incentive to short the market for the “greater good” (see oil prices). Optimism on BTC recovery shouldn’t occur until the broader market does.

Yeah, but will go down again with omicron.  Why would inflation go down “again” with omicron? It got accelerated with COVID to begin with.

It got accelerated with money printing not covid. Covid did nothing, it was all the government printing money.  All the evidence is it overstates - it is more of guessing and nonsense.  Gold fixes this.  Bitcoin fixes this.

All the evidence is that it overstates and it is more guessing and nonsense.

No it isn’t. My credit card bill is consistent spending and only excludes mortgage and taxes. 13% Increase YoY.

Yup everything up except PMs.  The fight for equality ends with the acquisition of privileges. Calling out the BS surrounding us, that's freedom! Great podcast Peter.

Wow Peter was on fire today! Great podcast. You can learn a lot about economics from Peter.

I'm on it.  Who do we report this to Captain Overly Obvious?  This is the stuff you're good at Peter and we all agree on this with you. Feels great agreeing with you wow.

Gold is down 6% year-to-date. Bitcoin is up over 1 million percent over the last decade. Gold is down 0.21% over the last decade. You chose your store of value.

Another one? I can barely keep up with your podcast anymore.  Tucker needs to get you on his daytime show.  Are we surprised? Govts as we know them are NGMI.  Inflation is taxation without legislation.

I actually agree here but Bitcoin fixes this, you are becoming an influencer.

Facts! But Bitcoin fixes this.  THANK YOU! I’ve been saying Canadian and US inflation numbers are all understated and incorrectly reported by their respective “stats” departments for years.

The CPI is both faulty and manipulated. Who thought otherwise?

Peter Schiff: the most hardcore Bitcoiner who doesn't even know it yet.  Either way gold and miners are struggling along with your clients who are being charged very high fees and combined with poor performance.

So, you are saying I should buy bitcoin? The opposite is true of Freemasons. It is true that the government has cheated, but not to reduce inflation, but to increase inflation. If you do not know, why ask to tell?

Careful Pete, a rigged CPI means your 2012 $5000/oz gold call would need to be over $7500 today. Salesman Schiff.

One of these days I'm gonna make a documentary titled "Profits of Doom." It will expose charlatans like Peter Schiff, Doug Casey, Harry Dent, Robert Kiyosaki, etc.

Speaking of government - It's official: the Central Intelligence Agency is involved in crypto.

Sad that gold doesn’t even out gain a rigged inflation number. You know what does though.  $BTC.

Our government has become more dishonest and corrupt than the former Soviet Union.