INFLATION (the hidden tax) = THEFT
Description: “We can guarantee cash benefits as far out and whatever size you like but we cannot guarantee their purchasing power” Alan Greenspan
Inflation vs your wage/salary.
After 5 years you’ve lost AT LEAST 10% purchasing power
After 10 years you’ve lost AT LEAST 20% purchasing power
After 20 years you’ve lost AT LEAST 40% purchasing power
After 30 years you’ve lost AT LEAST 60% purchasing power
Inflation = high commodity prices (gold, silver, land, etc...)
The fed was formed to prevent bank runs, inflation and recessions (they just admitted they are the cause of all recession).
Then the fed said we need to keep inflation below 2% so it is controllable.
Then the fed said we need 2% inflation always as a goal to hit.
Now the fed said they need to make sure inflation averages 2%. so if it is low multiple years it needs to be high to help the average get to 2%.
“following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time.” –The FED