2% inflation is a delusion – statistics from 2021 present costs of products and companies have elevated – financial system Bitcoin Information
Federal Reserve officials and other bureaucrats have said they are not concerned about the level of inflation, and some officials have even advocated a general rise in prices for goods and services. Despite alleged statistics that US inflation is only 2% to 2.24%, reports show that the Fed’s liquidity expansion has accelerated inflation and the prices of goods and services in the US have risen sharply.
The Federal Reserve claims the US inflation rate is well anchored at 2 percent.
There’s a reason precious metals like gold, silver, and cryptocurrency assets like Bitcoin (BTC) are viewed as an escape from money inflation. All three forms of money and their monetary base cannot be expanded like fiat currencies, and statistics show that the US money supply is now 24% higher than it was before the pandemic stimulus packages.
Now, the Federal Reserve’s own books, numerous status quo economists, and mainstream media publications claim that US inflation is no more than 2% to 2.24%. In addition, US politicians and central bank officials plan to pour another trillion dollars into the economy to rebuild American infrastructure. This $ 3 trillion incentive, if passed, would add another 12.2% to the US money supply.
Although 77% of Americans fear a loss of purchasing power, the Fed and bureaucrats are still not worried about inflation. However, statistics from shadowstats.com and deviceradar.com show that inflation is much higher than the regularly advertised inflation rate of 2%.
“By looking for inflation averaging 2 percent over time, the FOMC will help keep longer-term inflation expectations well anchored at 2 percent,” said the Federal Reserve in its FAQ section.
Real inflation rates and expectation of $ 8-10 per bushel of corn between 2021 and 2023
But the latest prices everyone is seeing for goods and services is inconsistent with the supposed 2% decree that the Fed values so much. “Inflation rose in February in addition to declining economic activity,” reveal researchers from shadowstats.com. “March is not starting to be booming,” added the inflation update from April 2nd to 5th.
“Real durable goods orders in February declined 3.2% (-3.2%) over the month, down -0.6% year over year,” said the April update from shadowstats.com. “[The] The Cass Freight Index declined -3.2% over the month and slowed year on year, with the two-year change decreasing -3.7%. New home sales were down -18.2% for the month, while existing home sales were down -6.6%. With building permits and the start of construction, there were statistically significant monthly crashes of more than -10.0%. “
(Left table) Statistics from deviceradar.com. (Right Charts) Statistics from shadowstats.com 3/10/21.
In addition to the latest report from shadowstats.com, another report published by Equipmentradar.com, entitled “Focus on $ 8-10 / bu Corn Between 2021-2023,” suggests that commodity prices have increased.
Besides the expectation of $ 8-10 a bushel [of corn] Between 2021 and 2023, the deviceradar.com study shows a graph of the prices of various items in the US with inflation rates much higher than 2%. This includes oil + 80%, corn + 69%, steel + 145%, wheat + 25%, coffee + 34%, cotton + 35%, copper + 50%, sawn timber + 126%, soybeans + 71%, house values + 8 % and the stock market + 24%.
It’s pretty obvious that US citizens are not being told the truth about growing money and the real rate of inflation. US residents forced to use USD as legal tender saw the massive monetary expansion right before their eyes.
Even with direct stimulus checks, the US population knows that most stimulus funds have been allocated to special interests such as corporations, military equipment dealers, and US banks. The fact is, the decreased purchasing power is real and people can see their fiat money doing a lot less these days when it comes to buying goods and services.
What do you think of real inflation in goods and services and the 2% rate advertised by the Fed and bureaucrats, which is far off the radar? Let us know what you think on this matter in the comments section below.
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Photo credit: Shutterstock, Pixabay, Wiki Commons, Federa Reserve, shadowstats.com, Equipmentradar.com
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