I'm so glad they stopped fracking and pipelines in the US.

https://nypost.com/2021/10/06/cost-of-inflation-to-american-household-extra-175-a-month/



https://nypost.com/2021/10/06/the-post-says-this-is-a-tax-you-pay-for-biden-and-dems-reckless-spending/

That doesn't come close to estimating the cost.    Every dollar you have saved, is evaporating at 8% or more.  (Or IOW, it’s being taxed at .7% per month)

You can put your money in the Market, and it might Pace inflation for a time.   But to do that, you must accept massive risk.

And whatever gains you Do get, (let’s say, you get lucky and double your money in 7 years).     You get to pay taxes on that money, all over again.   (And it wasn’t really a gain in the first place.)

Its really all you can do.  Most peoples wages aren't rising with inflation, so you're down right off the bat.  The smart money now is investing in assets that rise with inflation like real estate or are investing in safe markets around the world.  Real estate isn't without risk, though.  Once the fed raises interest rates, which it will have to do eventually, then real estate will take a hit.  Regular homebuyers don't like paying a 7 or 8 percent mortgage loan, so demand drops and prices cool or drop.  The big players will start selling when they get a wiff of the housing market becoming unprofitable, making the correction faster.  

It really sucks for people who don't own a home, have much in the market, or are on a fixed income.  

Things are out of control expensive. 20 years ago a car cost $8,000.



Now a new car is astronomical.



Note - My source and thinking are the average idiots' concept of inflation.

Don't worry, it's transitory.

Yeah but hot dogs are 0.8% cheaper!

Time to stock up !

Yep. Trust in Jerome.