00:00The federal government officially assumes you are poorer every time prices begin to rise significantly.
00:06They use a hidden formula to ignore the rising costs of your essential grocery items.
00:11When the price of steak becomes too expensive, the official index assumes you buy burger.
00:17This clever mathematical trick is known as substitution and it intentionally hides the real inflation.
00:24It creates a false reality where the middle class seems to be doing perfectly fine.
00:28By swapping premium goods for lower-quality alternatives, the state suppresses the true cost metrics.
00:36A lower reported inflation rate allows the government to slash your vital Social Security payments.
00:42Large corporations use these exact same rigged metrics to keep your yearly raises extremely small.
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