Government-created monetary inflation is the gift that keeps on giving – in perpetuity.

Since DC jettisoned the gold standard and imposed fiat currency in 1971?  The US dollar is down in value 87%.

And since the US government is $38+ trillion in debt?  And currently adding to its tab $1 trillion every 100 days?  And fewer and fewer people are buying its bonds to pay for its debt?

The only way left for the US to deal with it?  Is to print many trillions more dollars.  Otherwise known as “Inflating away the debt.”

We will very soon look back on 87% devaluation – as “the good ole days.”

And because the government broke our money?  It is in no rush to update-for-accuracy the numbers it generates to tell us about our money.

To wit: The official “poverty level.” (more…)