Nothing Is Over: Inflation Is About To Come Back With A Vengeance
Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media, on behalf of President Joe Biden, to declare U.S. inflation “defeated” despite all the facts to the contrary.
Keep in mind that when these people talk about “inflation,” they are only talking about the most recent consumer price index (CPI), which is allegedly a measure of current inflation growth rather than inflation already accumulated. The official CPI is easily manipulated, though, and to focus on that single measurement is a dishonest way of misleading the public regarding the true economic danger.
The way U.S. inflation is presented might seem like a fiscal miracle. How did America’s CPI fall so quickly, while the rest of the world (especially Europe) is still in distress?
Is “Bidenomics” really an economic powerhouse?
No, it’s not. I have addressed this issue in previous articles but let’s dig into inflation specifically. This is important because I believe a renewed inflationary surge will begin in the near term and I suspect the public is being deliberately misled to keep them unprepared.
The four categories of inflation
First, let’s be clear that there are four types of inflation, distinguished in annual or year-over-year terms:
- Creeping (2% or less)
- Walking (above 2%)
- Galloping (10% or more)
- Hyperinflation (50% or higher)
