WOW!! The shitty policies of creepy senile fake president Biden are destroying the US economy (just as the democrats planned) and US inflation has skyrocketed since Biden assumed his illegal position as fake president, and inflation is now at the highest level in the history of our nation!
PAYING MORE FOR GAS? BLAME SENILE FAKE PRESIDENT CHINA BUTT-BOY JOE BIDEN & THE DEMOCRATS
BIDEN EFFECT: US producer price inflation rises to 7.8% annually in July https://t.co/0XdULDOE5X
— Louis Susaya (@LouisSusaya) August 12, 2021
So, when you go get gas and pay twice as much as you did just a few months ago, or whan you go to the store and everything costs a lot more than before Biden stole he 2020 election, you know who to thank for stealing that money from your pocket – which would be Biden and the democrat Socialists & Communists.
BREAKING: U.S. producer price inflation soars 7.8% annually in July, the highest increase on record thanks to Biden's disasterous economic policies.
— Cassandra (@CassyWearsHeels) August 12, 2021
The only way Democrats can pay for their trillions in new spending is through massive tax increases.
Every working American & small business will pay more. And that's on top of the inflation tax increase that the Biden Administration is making worse. @FoxNews pic.twitter.com/wHOKWRtMS1
— Rep. James Comer (@RepJamesComer) August 10, 2021
DEMOCRATS ARE FUCKING AMERICA-HATING LOSERS! WAKE UP AMERICA! YOU ARE LETTING THE DEMOCRATS DESTROY AMERICA FROM THE INSIDE!
You’re losing money as I write this.
That’s right, and not just at the normal inflationary levels either—nope!
The results of Joe Biden’s reckless spending have been disastrous for the country, and there appears to be no end in sight as the recent advancement of the infrastructure spending bill looms over us.
According to sources, business have been particularly hit hard—with a business inflation rate of 7.8%……The highest level ever recorded.
At the same time all of this is going on, hedges to inflation are popping up rapidly in the digital economy and cryptocurrency sectors of the economy.
After all, why should The American people continue to trust a paper currency that loses value year by year? Especially when the decisions surrounding the national spending of that currency keep getting worse and worse?
Let’s take a look at the problem, and maybe some potential protection against record inflation:
The year-over-year 7.8% rate marks the eighth consecutive month of increase for the Producer Price Index. In December, January, February, March, April, May, and June, the Producer Price Index reached annual rates of 0.8%, 1.6%, 3.0%, 4.1%, 6.2%, 6.6%, and 7.3%, respectively.
In June, Bill Adams — senior economist at PNC Financial Services Group — commented that “PPI matters much more than it usually does because inflation matters much more than it has for years.”
“We haven’t had an inflationary shock like this in a decade,” he explained. “We know we’re in the middle of an inflationary shock but what we still don’t know is how bad it is. That’s a big part of what we’re looking to these inflation data for.”
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