Even the liberal media that together with Big Tech put Democrats in power admits that massive wasteful spending will result in inflation. If they still manage to jack up the minimum wage, that will compound the problem. But since it is Democrats debasing American currency, inflation is now good.
From Business Insider:
Experts are growing increasingly hopeful the US economy will rebound in 2021, but there’s a price to pay for that. The price of most things, actually. …
This may not be friendly news for Americans’ wallets, but higher prices and a demand for commodities without overheating is a sign of a healthier economy and a crucial next step toward the US’ economic recovery. …
Wall Street economists see signs that everyday essentials like houses, gas, and healthcare are about to get more expensive.
Having an administration vehemently hostile to the fossil fuels we need will not help the price of gas.
We are told that the rise in inflation will be “sharp but temporary” and that it is a good thing because it will mean the economy is recovering from the coronavirus lockdowns. But it is not such a good thing if you are living on a fixed income or relying on your savings.
Outside the liberal establishment, Winter Watch has a less sanguine take on the potential tsunami of inflation heading our way:
“You have faulty price measurements and policy makers linking their decisions to faulty price measurements,” says Joseph Carson, a former Alliance Bernstein and Commerce Dept. economist. The evidence of higher than [US Bureau of Labor Statistics] reported inflation is overwhelming.
This is all before the impact of a $1.9 trillion stimulus orgy. Thus, the population will learn what the Great Reset is really all about — namely, impoverishment in the form of a Weimar or Venezuelan inflationary inferno.
Canceling the value of our savings could be helpful in making us helpless enough to comply with the Great Reset.
On tips from Dragon’s Lair and Stormfax.
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