by Terrence Aym

Created on: October 12, 2010   Last Updated: October 15, 2010

The US government has been playing with the economic numbers for years and now the statistics have become nothing more than a carnival shell game.

Unfounded allegations? Read on...

John Williams* of American Business Analytics & Research LLC, has meticulously compiled the real numbers for inflation, unemployment, the money supply, and several other closely watched economic indices. The real numbers are more than just eye-opening, they are downright disastrous.

Numbers reveal an economy as bad as 1930s depression

The statistics Williams uses are based on the original formulas the United States government used for years before they were changed to hide the economic meltdown Washington’s policies were creating. Some have accused the Social Security system as being nothing more than a big Ponzi scheme. Williams' graphs prove the entire federal government has become the sanctuary of cons and criminals running a multi-trillion dollar scam on the backs of American citizens.

The sad fact is, both Republicans and Democrats have been guilty of covering up and furthering the scam while mouthing political bromides and wrapping themselves with platitudes and quotes from the Constitution.

These numbers tend to prove that neither political party is for free enterprise or the proverbial "little guy" as their policies are destroying both.

Is the real inflation rate virtually zero as the Fed maintains?

Much of the major news media—as many Americans have finally come to realize—is in collusion with governments at the federal, state and county level. Gone are the days when journalists were true watchdogs over the public till and promoters of good government. Most news organizations have become corporate organs attached to the government at the hip, and citizens have paid a dear price for this unholy alliance.

Williams explains that the actual US rate of inflation "reflects our estimate of inflation for today as if it were calculated the same way it was in 1990."

In other words, the index uses the same methodology that was in use twenty years ago. The result is an accurate picture of the country falling over a cliff.

Using the same calculations and weighted average to calculate the current annual inflation rate as that employed 20 years ago, the actual current number is near a whopping 10 percent. Anyone that shops for food, buys gasoline or purchases almost any other good or service (except, perhaps electronics) knows that some inflation is occurring. Few know the

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