Careful with Inflation folks…

Janet Yellen, chair of US Federal Reserve, announced interest raise rise from 0.75% to 1% on Wednesday.

US Federal Reserve raises interest rates to 1% in bid to hold off inflation

Fed chair says US economy in strong health as she announces third rate rise since 2008 and the first of several expected this year

https://www.theguardian.com/business/2017/mar/15/us-federal-reserve-raises-interest-rates-to-1

Inflation is the worst kind of robbery, the one that hits the hardest to those that have the least. Like an inverted Robin Hood, inflation steals from millions of poor to feed billions into a handful of elite superrich. Stealing from anyone, rich or poor, is wrong from an ethical point of view, but it’s especially wrong when done by the most powerful targeting the poorest and most vulnerable people. Inflation kills, people. Inflation ruins lives. A little inflation hurts you a little, a lot of it will destroy you, but don’t ever let anyone convince you that there’s such a thing as “good” inflation.

Stay vigilant. Check those prices, look out for “shrinkflation”. Its already been going on for some time now.

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.


Comments

Careful with Inflation folks… — 2 Comments

  1. Yep, I’m already noticing a rather severe “shrinkflation” bite here in California. Shaving cream cans are suddenly 2/3 the size that they were just a few months ago, ditto with deodorant sticks and detergent soaps such as dish and hand soaps. I think it’s a sign that Bad Stuff is about to go down here in USA in the next few years. Obama tried to sweep inflation under the rug, but eventually that strategy fails due to lack of floor space.

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