Dear Reader,
As inflation grips the US, many Americans are feeling the pinch.
The national average for a gallon of gas just made US history, literally this morning, breaking a record that stood for nearly 14 years…
Beef and veal at grocery stores cost over 20% more today than they did a year ago…
Groceries, used cars, utility bills, and just about any consumer good you can think of are inching towards record prices as well.
Many Americans are now wondering, “Just how bad is it?”
It’s bad. Really bad.
In January, the consumer price index surged 7.5% on the year, more than economists expected and the fastest gain since February 1982. It also marked the fourth month in a row of record price increases.
If your income hasn’t increased at least 7.5% in the last 12 months, then your money just doesn’t go as far today as it did last year. In other words, you’re going backwards. You’re losing purchasing power.
Wolf Richter (a noted wall street investor) argues that inflation is actually higher than reported. Worse, this lost purchasing power is NOT coming back. Richter writes:
“The actual loss of purchasing power of the consumer dollar is far worse than even these very ugly inflation data [...] And this loss of purchasing power is permanent.”
Unfortunately, inflation will continue for at least the next several years unless something unheard of happens. On the heels of a record-breaking stimulus spree, today’s supply chain and energy crises are only making things worse.
This means higher prices at the pump, the grocery store, the dealership — anywhere you normally buy goods and services.
Fortunately, we have some suggestions to protect you from runaway inflation. We explain it all in our NEW report called Inflation, Debt & Disaster.
This report is 100% FREE, and you can download it in seconds right here. |
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