Falling prices.....yay!

[Gandalf]

I don't know, Kirkland. All I can do is measure my income against the cost of living and I am not seeing any deflation. I am an ordinary man and at the end of the day if it is more expensive to live, then I am experiencing inflation. In that sense it matters little what someone like Mark Carney says at it will just not resonate nor correlate with the experiences of the general public. On the Keiser report a guest mentioned a website that deals with real inflation and it had it at around 32% from 2008 to 2013 (not hundred % sure I got the years right) which is clearly much higher than any government barometer of inflation. Now fuel is down and of course wages are generally down, but the cost of living is up. That is a squeeze no matter how you look at it. Deflation in the sense of prices going down is a positive for ordinary people who don't care about infinite growth and I welcome that, but that isn't really happening in normal land. Would ordinary folk consider a 40% drop in the cost of a house bad? Not really, yet the media would say the sky is falling as the journalists are largely part of the ponzi scheme.