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Inflation for hurting American consumers exploded under Joe Biden. Just a little over a year ago, it was at 9.1% – costing people thousands of dollars a year more just to live the same lifestyle they had a year or two earlier.
The response was for the Federal Reserve to surge interest rates, which cost any consumer who has a credit card or financing for a car or home even more. Even now, inflation is down from a year ago, but remains far above the government’s goal. Blame it on Joe Biden.
That’s according to JP Morgan Chase CEO Jamie Dimon who was interviewed by the Economist. A report at the Daily Mail confirmed that Dimon questioned the effectiveness of “Bidenomics,” previously known as “Bidenflation,” and “blamed Joe Biden’s $5 trillion economic stimulus for causing inflation.”
Biden has been scheming to raise a lot of taxes, especially on the wealthy “in order […]
Excerpt Sourced From: redwave.press
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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