Source: Board of Governors of the Federal Reserve System (US)
What is the real source of the runaway inflation?
The government. They are printing more counterfeit money today than ever. The chart is from the Board of Governors of the Federal Reserve System, and it is very telling.
My friend, Bob Allen nailed it….as he usually does.
“Contrary to the lies we’re fed… it’s not Ukraine… not Putin… not Russia… it’s primarily money-printing by our own Federal Reserve and national government. Price inflation is a monetary phenomenon.
More officially counterfeited dollars chasing fewer goods… dollar value craters, takes more to buy things.
Look at the chart. When did the rocket of printing money launch? The impact of such foolishness is never immediate, but it is inescapable. And just as that line has not significantly changed trajectory neither will prices for a long time to come.
This chart reveals the huge lie of anyone in DC trying to get price inflation under control. The pain is going to increase—a lot—before the year ends.
Take any steps you possibly can to reduce unnecessary expenditures—you‘re going to need that money for true necessities. I don’t even want to think about winter heating costs late this year and into 2023.”