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Politics : Formerly About Advanced Micro Devices
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To: Bill who wrote (1501637)11/14/2024 6:51:06 PM
From: FJB1 Recommendation

Recommended By
Bill

   of 1579097
 
DOLLAR LOST 40% OF SPENDING POWER IN LAST FOUR YEARS

zerohedge.com

That’s what we are being told, and that’s terrible enough. The reality is likely worse once you add in interest rates, shrinkflation, new fees, and housing insurance. That gets us closer to 40 cents and more.

Let us please let go of any doubts about the cause.

Elon Musk summarizes:

“The excess government spending is what causes inflation! ALL government spending is taxation. This is a very important concept to appreciate. It is either direct taxation, like income tax, or indirect via inflation due to increasing the money supply.”

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