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FTA: I pray we are not heading towards such an inflationary spike. But the Federal Government is lying to you about the actual inflation rate. You are being told it is only 5.3% right now. Yet this calculation excludes food and fuel. Do you think those are not worthy of consideration in determining the inflation rate? Take gas as a telling example. The price of gas has gone up roughly 68% in the last year. That ain’t 5.3%. You are seeing a similar jump in food. Beef is up over 30%.

Here's the article about the inflationary period of the 70s. https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp

KEY TAKEAWAYS:

--Periods of rapid inflation occur when the prices of goods and services in an economy suddenly rise, eroding the purchasing power of savings. --The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. --Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.

FTA: I pray we are not heading towards such an inflationary spike. But the Federal Government is lying to you about the actual inflation rate. You are being told it is only 5.3% right now. Yet this calculation excludes food and fuel. Do you think those are not worthy of consideration in determining the inflation rate? Take gas as a telling example. The price of gas has gone up roughly 68% in the last year. That ain’t 5.3%. You are seeing a similar jump in food. Beef is up over 30%. Here's the article about the inflationary period of the 70s. https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp KEY TAKEAWAYS: --Periods of rapid inflation occur when the prices of goods and services in an economy suddenly rise, eroding the purchasing power of savings. --The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. --Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.

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[–] • 2 pts

I do not know how high the real rate of inflation will go, but I do know that Joe Biden and his team are totally incompetent.

Assuming this isn't intentional.

[–] • 1 pt

I think it's intentional, the way to steal savings from the middle class to pay for the US Debt and sweep under the rug the trillions in fake infrastructure (communist programs) spending that they want to do this time.

[–] • 1 pt

I don't believe they care about paying for the debt. They want to destroy the country and economy. When everyone is desperate, they will pitch some globalist communism solution. People will be so broken by then, they will accept it.