They are assuring us that we don’t have to be concerned about “inflation” because they have everything under control. Do you believe them? The value of the U.S. dollar has been steadily declining for a long time, and most Americans have grown accustomed to having the cost of living rise at a faster pace than their paychecks do. But over the past 12 months an enormous paradigm shift has begun. Instead of devaluing our currency a little bit at a time, now our leaders are going “full Weimar”. Our money supply is growing at an exponential rate, and this is becoming a major national crisis. As I pointed out yesterday, it took from the founding of our county all the way to 2020 for M1 to reach 4 trillion dollars. But then from the start of the pandemic to today, M1 has gone from 4 trillion dollars to 18 trillion dollars. To call that “economic malpractice” would be way too kind. The truth is that it is complete and utter lunacy, and we are all going to literally pay the price for such madness.
Sadly, inflation is already starting to show up in a major way all throughout our economy.
For example, most Americans have noticed that the price of gasoline has really started to shoot up over the last several weeks…
Gas prices have been increasing at the pump for the past few weeks, reaching a national average of $2.77 a gallon as of Monday, which is 39 cents higher than the same time in 2020, according to AAA.
A lot of people are alarmed by this, but the Federal Reserve insists that this is completely normal.
Meanwhile, the price of agricultural commodities has risen by 50 percent over the past year…
The price of agricultural commodities traded on the global stage has shot up by 50 percent since the middle of 2020, according to economists at Rabobank.
In a new report, the bank pins the lift in the price of wheat, corn, soy, sugar, and a range of other commodities on the northern La Niña, a weakening US currency, market speculators, and rising demand from importing nations.
As those prices are passed along to the consumer, you will be paying more for groceries at your local supermarket, but authorities assure us that prices will stabilize once the economy returns to “normal”. – READ MORE
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