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Inflation is busting out. The 7.9% reading the US for a yearly rate of inflation is but a minimum bid on the true reality (which is certain to be much higher than what the US government reports).
The various powers that be are busy pointing their fingers in every direction but the right one; at themselves.
The true source of inflation is excessive money printing and deficit spending. That is, the US Federal Reserve and federal government deserve 99% of the blame here. It was their policies that have brought us all here, not recent events in Ukraine. The past two years have been unlike anything in history on both fronts.
It’s time for everyone to let go of the idea that things will somehow magically revert to how they were before. Instead, we should begin planning as if several decades of really bad decisions and false ideas and fake narratives are finally coming home to roost, which they are.