That is what Yellow (Federal Reserve Chairman), with her squeaky Bronx accent, called the Feds planned inflation levels. As the Fed is considering at least a 2% rate of inflation the minimum acceptable level, they tax us.
Where did this private ‘organization’ get the authority in our Constitution to tax the people? We, the people are making the same wages we were ten years ago, but with inflation levels that are far beyond our ability to cope. And we heard just today that this is a planned act! She admitted today that this is a premeditated act. Not a natural consequence. But, do they (the Kenyan & Co.) care?
You answer that one.
“Inflation is taxation without Legislation” ~ Milton Friedman
Do you know what this holds for your future? This is all pretending, of course, that the inevitable collapse will not occur.
Yellow will find out about the texture of hemp long before the inflation rate sees sub 3%. But then, the satisfaction of knowing where the body is disposed of (probably a paupers grave in Potter’s field) will do us little good. We will still have to find a way to cope in our new world. The world that this squeaky little pig helped bequeath to us.