Retirement Lifestyle Advocates
While price controls won’t work, don’t be surprised if these initiatives get some traction, given that on Main Street, Americans are really feeling inflation.
Senator Bernie Sanders brings to light an important study regarding the financial health of retirees in America.
Ever since the Fed began pumping out new currency and stocks and real estate values rose, I have not been shy about sharing my opinion that we are in an ‘everything bubble’.
Gallup, the polling organization, found that for only the third time in the last twenty years, Americans were “not satisfied” with their own lives.
Debt levels at the present time are at record levels, with no hope of all of the debt being paid with ‘honest’ currency.
As I have been stating here for a long time, if there is too much debt to be paid, it won’t be paid.
While the fact that we have witnessed inflation over the past several years is indisputable, the annual rate of inflation is perhaps a bit unclear.
Eventually, one of two things happens. Either the currency creation continues, and the currency is eventually destroyed, or the currency creation stops in time to save the currency, only to see a period of painful deflation materialize.
Seems that deflation is emerging. And the Fed is poised to use the only tool they have left. Long term, it can’t work.
Despite the reported inflation numbers and the reported jobs numbers, the economic reality is that nearly two thirds of American households are living paycheck-to-paycheck.