The Economy And Inflation

Indeed. Biden finally had to stop touting the 'benefits' of Bidenomics because even Dems after having to pay almost twice as much for everything during his administration were no longer buying into that slate of leftist political propaganda lies.

How could I not agree? A lot of people are suffering because of the high prices, and that inflation number doesn't include food or gas, if it did it would be much higher. No matter how many times Joe Biden or KJP want to say specific item prices are dropping.

Indeed; the cynical manipulation of statistics looses effectiveness when too many citizens know that despite the reassurances from their party leaders and elites, they personally are hurting.

It's almost like they drove the prices up, so they have talking points to say they're bringing prices down.

It's hard to say. Remember that the motivations of the average leftist is not the true motivation of either the visible leadership or the true leadership working from behind the scenes.

Ah yes, unfortunately I live in a progressive city, and the city's first priority is never the best interest of the people. It's always their special interest and money and power for themselves and the City.

Inflation being up 18% means any investment you put money in (usually 4% to 10% returns) will lose you value.

Yes if you look at it from the value of the interest made off the investment and what you can buy with it, yes you lose money.

If you stick the money in a mattress it'll lose buying power, you just lose less if you invest it.

Why would you put all your money in a mattress? Why not have some there and in investments as well?

You don't understand. You still lose money.

I understand the dollar loses value and you lose money either way.

The ideal thing is to buy physical items made of precious metals. I think in February the inflation slowed to just under 4% which is the average profit on mutual funds now. So it might be safe to invest until they pass another spending bill.

I agree precious metals is a good thing to invest in, usually providing some sense of stability and growth.