#859 Inflation Is Officially Out Of Control

If we look at the breakdown of specific components in the consumer price index, it becomes obvious that the average American is in a dire financial position. According to the government, it now costs 8.6% more to eat food in your home than it did a year ago; it costs 38% more to fill up your car with a tank of gasoline; your electricity bill is 9% more expensive. These numbers are mind-boggling.

Inflation silently erodes the wealth of those savings in dollars. Wealthy individuals know that you can't save your way to financial security; you have to learn to invest.

Almost half, about 45% of Americans, own, no investable assets.

You can't print trillions of dollars, manipulate interest rates at 0%, and conduct an enormous amount of asset purchases while simultaneously expecting no negative ramifications.