Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Meanwhile, the average citizen's wage growth stagnates.
. “[The] highest in four decades. It continues to accelerate. The best way to shield yourself from this pernicious, silent tax on your life’s work — your blood, sweat, and tears — is bitcoin,” he added.The economist and gold bug Peter Schiff threw in his two cents about the rising inflation as well. Today the yield on the ten-year U.S. Treasury hit 2%,” Schiff. “With official inflation at 7.5% and actual inflation much higher, buyers are guaranteed to lose.
Sending the assets of the rich to the moon, showering the poor and middle class with 7.5% inflation [and] negative wage growth. We are the U.S. Federal Reserve and we’re here to help. Meanwhile, both precious metals markets and cryptocurrencies dropped quickly after the announcement but then rebounded back.
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