Biden apparatchik Janet Yellen claims our economy is in good shape although it obviously is not. Our inflation is a disaster.
Peter Schiff said the one source of inflation is the expansion of the money supply by the Federal Reserve. As they print money and Congress spends it, the value of the dollar goes down and the cost of everything goes up.
It’s the worst inflation since 1982 but we had a different CPI in 1982 as Schiff noted. If we used the same CPI, it’s the “worst inflation in our lifetimes,” Schiff said, adding that inflation only has one way to go and that’s up.
Watch:
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This s catastrophic result of stolen election. Marxist left finally is able to destroy the middle class. Socialism in place, elites and serfdom. No middle class. That’s what “ middle class Joe from Scranton, PA” gave us and fake news media along with Big Tech is applauding it.
What we are looking at today in America is how a Currency Fails. In most cases, it is slow, taking a few years, but Trader Joe’s Economic Policies and the FED are putting the Collapse of the Dollar on the fast track. A currency collapse is not pretty. In July of 1997 the Thai Baht was pegged at 25 Baht… Read more »
“The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, “See if it weren’t for the government, you wouldn’t be able to walk”. Harry Browne
Parents got divorced right before Reagan and it was the terrible awfulness. We had to use food stamps for awhile and couldn’t even afford regular Converse Chuck Taylors, had to get the bootleg version from JC Penny’s. So sad that people never learn anything from history and have the attention span of gnats as they are herded towards the slaughter… Read more »