Read: https://financearmageddon.blogspot.com/2020/12/warning-hyperinflation-can-happen.html and watch the video.
The current inflation in the US is between 8 and 12% per year, according to John Williams. This means that about 50% of your savings, pensions, and income have been stolen over the past five years.
Yes, I agree. I calculated monetary inflation as being 9.7% fiscal year to date. Monetary inflation is just the rate on increase in the money supply. It can't be manipulated like CPI can. That is why the stock market is soaring.
What is the current CPI? The Bureau of Labor Statistics claims it is only 1.2% per year. There are lies, damn lies, and statistics.
See also: http://brucewilds.blogspot.com/2020/12/hyperinflation-or-stagflation-can-occur.html
It was amazing how quickly inflation took root in Germany during the 1920s. Consider how fast it could happen now that we live in an age of instant communication which allows ideas and expectations to rapidly spread. In today's world, many people have developed a false belief in financial stability because of claims by central bankers they have "controlled" inflation to where the economy will grow at a managed pace.
The value of the German mark was relatively stable in June 1921 (at 60 marks per US dollar), and it had about the same value as it did in January 1920. By November 1921, it had dropped to about 320 or 330 marks per dollar where it stabilized until June 1922.
Then it started its rapid hyperinflation. By December 1922, it fell to 8000 marks per dollar. After that, the value was quickly destroyed and by June 1923, it fell to 1 million marks per dollar and then by November 1923 it fell to 1 trillion marks per dollar and its value was completely destroyed.
So it just took 2 years from relative stability to complete destruction of the currency.
I don't think we are on the same path as Weimar Germany. But if you take the current inflation rate, and forecast out 30 or 40 years, it is not a pretty sight.
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