Looks like #unemployment in the #us is about to hit massive highs with #inflation increasing anyway: https://www.zerohedge.com/economics/scar.. The #fed have really screwed this up insanely badly. Prepare for an almighty #us #crash coming soon. It will likely get #triggered by the #eu or #china at this rate.
Interesting, the #us are still using " #emergency #measures " to get #covid #stimulus #funds pushed through, which is currently being use to prop up their #economy https://www.zerohedge.com/economics/us-e.. This only increases #inflation and #delays the inevitable, an almighty #us #dollar #crash .
#zimbabwe created a #gold #standard #coin to prevent urther #inflation , as it always #trades at #world #gold #value https://www.zerohedge.com/economics/zimb.. They intend to create more of the successful #liquid #asset .
I agree with #trump on this, #inflation is way higher than stated: https://www.zerohedge.com/political/trum.. The #used #market is now double, #food #costs are going up ~10% every few weeks, #food is #shrinking ( #shrinkflation ). We are genuinely in a #crisis but nobody wants to #admit it.
#inflation in the #eu now reported at record highs: https://www.zerohedge.com/geopolitical/e.. Good luck with that...
Ouch, the #us #economics #advisor is suggesting that more #inflation will cancel out the #inflation https://www.zerohedge.com/economics/bide.. We'll see how well that one works out...
Damn, #beer #price in the #uk has #raised to *70%* - as much as #turkey 's #inflation https://www.zerohedge.com/commodities/co.. I propose this may be the *real* #inflation that all of the Countries are so far hiding. The #used #car #market reflects a similar increase in costs.
#turkey 's #inflation is now *73%* - fucking hell! https://www.cnbc.com/2022/06/03/turkeys-.. I imagine that has some very seriously bad implications for the Country!
The #imf - one of the largest #money #lenders and #investors "accidentally" #printed too much #money https://www.zerohedge.com/economics/oops.. There doesn't seem to be any mention so far about the scale of the "error", but one can imagine that the current #inflation may hint at about 7-15% #error . A #recession is almost #guaranteed at this point.
Wow, #inflation in #argentina has been pretty #rough ! https://twitter.com/dbasch/status/151573.. Don't bother #saving out there, your #money is #worth a *lot* more today than it will be tomorrow!
The #british #government cannot stop #energy #price #inflation #increases https://www.zerohedge.com/personal-finan.. As the #article says, people will soon be forced to choose to #heat or #eat . The only saving grace is that they are slowly coming towards #summer .
It is no #exaggeration to say that #germany is currently #screwed https://www.zerohedge.com/markets/german.. They are looking at a 20-50% #food #price #increase *overnight!* #inflation is through the roof. It doesn't help that #news of #shortages has led to #panicbuying ...
Wait, what? The #us #government 's #answer to #inflation is to #print more #money and hand it out to #citizens ? https://www.zerohedge.com/personal-finan.. Have they officially gone #insane ? This is *exactly* how you get #hyperinflation ...
Great points raised by #aardvark about #corporate #greed during these times also increasing #inflation in #nz https://aardvark.co.nz/daily/2022/0224.s.. The #government will even #encourage this - as it means they can #tax the #companies more without being perceived as #taxing the people as much... In real terms, the average person is absolutely screwed.
Apparently the #boe #bankofengland are telling #workers and #businesses not to ask for a #payrise as times are about to get tougher due to #inflation - estimated to be at 7.25% https://www.zerohedge.com/economics/brit.. This comes at the same time when #uk #pm #boris plans to add further #energy #tax . People have seen their #energy #bills raise by *double* during recent times, enough to sink the people barely afloat.
#biden is now #blaming #greedy #meat #suppliers on the #inflation of #meat https://www.zerohedge.com/economics/bide.. Certainly not his #unstable #administration that have #printed #money for two years and continue to spend it like it's going out of fashion...