US Federal Reserve members and fellow bureaucrats said they are not concerned about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the supposed statistics that say that US inflation is only 2% to 2.24%, reports show that the expansion of the Fed’s liquidity has accelerated inflation and the prices of goods and services in the USA have risen sharply.
The Federal Reserve says the US inflation rate is ‘well anchored at 2%’
There is a reason why precious metals like gold, silver and cryptocurrency assets like bitcoin (BTC) are considered an escape from monetary inflation. All three of these forms of money and their monetary bases cannot be expanded like fiat currencies, and statistics show that the US money supply is now 24% greater than it was before the pandemic-related stimulus packages.
Now, the Federal Reserve’s own books, several status quo economists and mainstream publications claim that inflation in the US is at most 2% to 2.24%. In addition, American politicians and members of the central bank are planning to pour a few trillion more dollars into the economy with claims to rebuild American infrastructure. This stimulus ($ 3 trillion), if approved, would add an additional 12.2% growth to the US money supply.
Even today, although 77% of Americans are afraid of a loss of purchasing power, the Fed and bureaucrats are not concerned with inflation. However, statistics from shadowstats.com and equipmentradar.com indicate that inflation is much higher than the 2% inflation rate that is released regularly.
“By pursuing inflation averaging 2% over time, the FOMC will help ensure that long-term inflation expectations remain well anchored at 2%,” insists the Federal Reserve in its FAQ section.
Real inflation rates and expectation of $ 8-10 per bushel of corn between 2021-2023
But the recent prices that everyone is seeing for goods and services do not correspond to the blatant 2% decree that the Fed considers so expensive. “February inflation skyrocketed over the fall in economic activity,” reveal researchers at shadowstats.com. “March did not have a prosperous economic start,” added the April 2-5 inflation update.
“New real orders for durable goods in February fell 3.2 (-3.2%) in the month, by -0.6% year on year,” notes the April update of shadowstats.com. “[The] The Cass Freight Index fell -3.2% in the month and decelerated year on year, with the cumulative two-year variation falling -3.7%. Sales of new homes plunged -18.2% in the month, while sales of existing homes fell -6.6%. Construction licenses and housing initiation had statistically significant monthly declines of more than -10.0%. “
In addition to the latest report from shadowstats.com, another report published by equipmentradar.com called “Define your focus on $ 8-10 / bu corn between 2021-2023” also indicates that product prices have gone up.
In addition to expecting “$ 8-10 per bushel [of corn] between 2021-2023, the equipmentradar.com study shows a price chart for various items in the USA with inflation rates well in excess of 2%. This includes oil + 80%, corn + 69%, steel + 145%, wheat + 25%, coffee + 34%, cotton + 35%, copper + 50%, sawn wood + 126%, soy + 71%, domestic values + 8%, and the stock market + 24%.
It is quite obvious that American citizens are not hearing the truth about the expansion of the money supply, where everything is going and the real rate of inflation. United States residents who are forced to use US dollars for their currency have seen the massive monetary expansion take place right before their eyes.
Even with direct stimulus checks, the population of the United States is also aware that the majority of stimulus funds have been distributed to special interests, such as corporations, military goods dealers and American banks. The fact of the matter is that the reduced purchasing power is real and people can see their fiat money doing much less today when it comes to buying goods and services.
What do you think about real inflation in goods and services and the alleged 2% rate touted by the Fed and bureaucrats being off the radar? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Federa Reserve, shadowstats.com, equipmentradar.com
Disclaimer of Liability: This article is for information purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the plaintiff is liable, directly or indirectly, for any damages or losses caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.