And the government and banks do this on purpose. It allows them to pay back debt with devalued dollars. Meanwhile, they can start to scoop up hard assets as those in the middle class are forced to sell when they cannot keep up with payments due to overall rising costs on all goods. The government and central banks fudge the numbers on inflation just like they do everything else. Time will tell if velocity can increase to keep inflation in check. I am not holding my breath though. Until the government stops with the covid restrictions, stimmy checks, and extra unemployment....there will be shortages in the labor pool. That along with the bullshit going on with supply chain will keep the velocity from increasing and thus help to push inflation higher. The rich, the banks, and government will not be impacted. They have us right where they want us. When they start rolling out digital currencies that they can turn on or off which also have "expiration dates"....well, that will seal the deal.
https://www.forbes.com/sites/enriqu...cy-is-about-to-disrupt-money/?sh=50c40a3d1665
China has been the testing ground for all of the bs we have been seeing. Mass quarantines, health passports, social credit scores, etc. They have already been doing it and now everyone is talking about implementing. Coincidence? Biden has already called for eliminating credit ratings as they exist now and implementing a social credit score for citizens. This is and always has been about power and control. Period.