A few months ago, when prices began to spike throughout the U.S. economy, Americans were told not to worry, it was just a temporary blip.
On several occasions, President Biden and high-ranking officials in his administration claimed the current bout of inflation was “transitory” and would subside sooner rather than later.
Yet, as the months tick by, inflation is getting worse, not better.
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In October, the rate of inflation, as measured by the consumer price index, reached a 30-year high of 6.2 percent.
Unfortunately, the rate of inflation is likely to remain on an upward trend, based on current fiscal and past monetary policies.
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Do some research on the German inflation mess of 1923 to see how bad it can get.
Remember: The Treasury doesn’t print real money, redeemable in silver or gold anymore.
The so-called “Federal” Reserve prints bank notes, which are paper debt certificates, not redeemable for ANYTHING. The “Reserve” isn’t “Federal” at all, it’s a consortium of big privately-owned banks.
This is basically a form of counterfeiting. With no hard-money backing, this inflation “money” is only worth what the market says it’s worth on any given day.
A government can steal from it’s citizens in two ways: Taxation, a form of open, legal, enforceable theft of the money itself, or by inflation, a silent, hidden theft of the VALUE of money.