Schiff is correct on CORE CPI... today in the House Financial Services semi annual Humpherys-Hawkins meeting Ron Paul stated: "inflation is much higher than the government's official Consumer Price Index would suggest..." After Paul's 5 minutes, representative Brad Sherman (D-CA) stated to Bernake, U.S. Bureau of Labor Statistics current data on CPI, is actually .1-.2% lower than their numbers posted. That Gas maybe up, but flat panel screens are down, Bernake confirmed Sherman's statement as accurate, but...
Schiff shows, it's the core CPI where most Americans are spending their money and that's not on flat panels or luxury items. When more money goes into operating costs, there's much less for investments or asset purchases.
