This seems like the first step of what will eventually lead to hyper inflation.

  • hector@lemmy.today
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    9 hours ago

    We are no where near maxxing out credit, which will happen before these malicious clowns lose control.

    I suspect at that point they will print money to pay debt and start a hyper inflation.

    But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.

    By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.