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Money Printing: The Ugly “Elephant in the Room” That Mainstream Media Ignores
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Money Printing: The Ugly “Elephant in the Room” That Mainstream Media Ignores

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by Virtuse Admin
25. November 2021
Money Printing: The Ugly “Elephant in the Room” That Mainstream Media Ignores

October’s official CPI inflation numbers came in at a 6.2% year-over-year increase, and the eurozone’s inflation rose to 4.1%. The U.S. inflation hit 30-year-high and the European 13-year-high.

Here’s one way to describe what that means. According to official numbers, you lost money unless you got a 6.2% pay raise this year. In other words, thanks to inflation, you got a pay cut.

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