So it turns out inflation was not transitory.
The Federal Reserve is lying to the American people so that Americans don't panic and start hoarding every other asset they can find and begin the process of hyperinflation by dumping bills into any additional investment that is not paper but actual wealth. The numbers are being calculated using a counting system that helps the Fed paint a different picture than what people are experiencing in the real market for goods and services.
The last time I checked, meat was 30% more expensive than just two weeks ago, but the Federal Reserve says that inflation is under control and 4%. Every other essential is going up in price by more than 50%. Yet the government, together with the Federal Reserve, says that the current inflation is transitory and won't last. Yet another lie.
You see, if, for example, flat meat was $5.00 a pound last year and last week was $10 but today is $12.99, that will mean that in the previous year it has gone up in price more than double and that only in the last year, it has gone up around 130% in total where 100% was last year and another 30% last week. But let us say that one week from now, the price will come down to $10. That will mean that price is still inflating, and that just came down 30% but is still 100% up compared to last year. That little reduction in price is what The Fed is calling transitory.
In other words, prices for goods and essentials that we need to survive are going up in price, and the salaries are kept the same we are still trying to pretend that the government is fighting for a $15 minimum wage which will only increase the prices even more. And because the rich want to force the poor to work for starving wages now, they have called their bodies on the government to cancel unemployment benefits, so that poor people go back to work.
The madness is because central banks expand and contract the money supply so much that every decade or so, we have a boom and bust in the economy. Still, the problem is that the new money created always goes first to the rich, and they buy the best assets. Meanwhile, the working poor get to pay for the inflation and pay all the taxes because if the IRS leaks are accurate, they show us something, and that something is that the rich pay no taxes whatsoever.
The government and the ultra-rich all benefit from the Federal Reserve printing, and you, the regular citizen get to pay all the bills, get all the taxes, and pay the cost of inflation and deflation. In just 100 years, the American people have lost the country their forefathers once conquered and now own nothing and will become renters for the rest of their lives in a country that once was their property that currently is property of the banks and their friends, the rich.
It could all change if people were willing to use money that is not printed by any State, the Federal Reserve, or any other bank. Some cash Bitcoin BCH. And even at this point, the government is trying to fight the people's money by having sent their agents to take over Bitcoin and sabotage the project, where it no longer works like a currency. Instead, it becomes a service like the banks, the same banks that are printing dollars today and that hope you use Bitcoin with custodians so that tomorrow they can print Bitcoin.
The banks, the rich, and the government all fear Bitcoin as a peer-to-peer currency, they don't fear anything else, and if they can print Bitcoin, then it is not a problem to them but just another day doing business.
Bitcoin Cash BCH is the real Bitcoin because you can use it, and you don't have to pay high fees to use it. Since you use it on-chain, you can always verify the supply. As such, no bank can print Bitcoin. Custodian services like Strike, Wallet of Satoshi, and Bluewallet all add the risk of Bitcoin printing by those services once enough users use their service. Custodian services equal banks trying to print Bitcoin.
Bitcoin is Bitcoin BCH, a peer-to-peer electronic cash system. The Americans have lost their land to central banks and now will be tenants in their land. Will you also let the banks own the real Bitcoin and sell you printed Bitcoin? Don't use custodian services. Always use Bitcoin on-chain to verify supply; Bitcoin is Bitcoin Cash BCH. Money that rich and poor can use.
Conclusion.
Very high prices for all the things necessary to sustain life are the future that the Federal Reserve wants. Everything you make by working gets eaten away by the banks, and any fiat savings you may hold become as worthless as the paper on which the Federal Reserve printed it. And with the printing press all at full speed ahead, they are making sure to buy all the goods assets and probably even manipulating the prices of the assets that may save you in a hyperinflation world like gold and cryptos. And we haven't even started because crude oil or petroleum could get to $100 a barrel. That will mean that the whole market chain will get an inflation boost because everything needs oil to move things around.
Well, it is so unfortunate that alot of things have so gone wrong, especially the financial part. The government keep leading the masses on lies, and every now and then, it is lies upon lies, well, some say the truth is bitter, and many may not welcome it when being told, however, whether it is bitter or not, to me, it is the needed pill to help one make sense.
Left to me, I believe this is why cryptocurrency term to make more sense, that is if they won't find ways to get that aspect polluted too, I am stating cryptocurrency from it decentralize point of view, which is the aspect of power to the people.
Anyway, I hope the needful is done to help save the humanity from all the pain and sorrow the world government is plugging us into.
Thanks for sharing. Cheers.