Inflation hits 7.5% -- 40-YEAR HIGH!
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CPI numbers just released, and US inflation has soared to 7.5% in the past year, which is a 40-year high.
Price increases covered the entire economy:
Wages have risen at the fastest pace in at 20 years.
Electricity skyrocketed 4.2% in January alone, up 10.7% over the year.
Furniture and supplies saw the largest one-month increase on record since 1967.
Food costs, air fares, all rose.
Used-car prices: Up 41% from a year ago!
This is what happens when you quadruple the money supply in a year.
And yet the money printing continues.
Might be a good time to think about where to park your money outside of cash.
Original video from Coindesk.tv
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