The WealthAbility Show with Tom Wheelwright, CPA cover image

The Future of Real Estate Investing

The WealthAbility Show with Tom Wheelwright, CPA

CHAPTER

Is the Official Inflation Rate a Scam?

The official inflation rate, judged by the consumer price index, is a total scam. The government has a huge incentive for telling us the inflation rate is lower than it really is. If you borrow to day on a 30 or fixed rate mortgage at around 5 and a half %, you're literally getting paid two point five % to borrow money. That's a miracle. But let's look at the real rate of inflation. I say it's about 15 per centi you do agreed? Tomi. Think you're about right. It depends. i mean, if i look at food inflation over the last two years, i'd say it's closer to forty%. A but i think over

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner