Jerome Powell Finally Admits It Testifying before Congress on Tuesday, Jerome Powell finally came clean about inflation. For months now, the Chairman of the Federal Reserve has been using the word "transitory" to describe the rising prices of goods and services across the board. But it seems Powell is finally admitting what Americans have known for a while now... As Powell told Congress: "We tend to use [the word transitory] to mean that it won't leave a permanent mark in the form of higher inflation... I think it's probably a good time to retire that word... it now appears that factors pushing inflation upward will linger well into next year." Translation: You're likely going to be paying more and more for your purchases for the foreseeable future. Add that to the fact that the U.S. dollar's spending power is at its lowest point ever in history... Banks are paying you next to nothing to borrow your money... And millions of people are priced out from buying a home and investing in the stock market. Doesn't that tell you all you need to know? No one is coming to save you from the quiet financial crisis happening in America right now. And when it comes to this country's traditional financial system, you're being taken advantage of from every angle. But what if there was a way to move your money far away from this broken system... without ever physically taking it anywhere? Well, today there is... and over 46 million savvy Americans have already begun doing it. A few of our country's smartest and most sophisticated companies are as well. I believe millions and millions of other citizens – people who value personal liberty and the free market are going to do the same thing in the coming months. This ONE simple step could protect your money... and possibly even make you rich. But it's also going to leave so many others so far behind that they may never catch up. So please... get the facts for yourself, right here. We've recently posted a full analysis on this subject on our website. Click here to view it free of charge. Sincerely, Andrew McCord
Senior Researcher, Stansberry Research | 