It sure seems like it if you’ve filled up your tank recently. According to the September 2021, Consumer Price Index Report (CPI) , gas prices are up a whopping 42% over last year.
Want to buy a used car? That’s going to cost you 24% more on average than just a year ago. What about a brand new one? That will run you an additional 9% from what it was last September.
How about renting a car? On average, the cost to rent a car has exploded upward by an insane 43%.
But we’re not just seeing massive inflation in energy prices and vehicles. Food costs are going ballistic too.
The cost of bacon is up 19% year over year. While beef and pork are up by 18% and 13% respectively.
Eggs are going to run you an additional 13% while milk is up by 11%.
Breakfast at your favorite diner is going to be a lot more expensive.
But don’t worry your pretty little head because the Fed says these astronomical increases in prices are only “transitory” right? They’re temporary, they said…
Not so fast. Transitory now means, lasting quite a while.
Even the Federal Reserve Bank of Atlanta President, Raphael Bostic has gone on record stating that, “transitory is a dirty word”. And that he expects the current bout of inflation won’t “be brief”.
How could it be?
The Fed has increased the amount of currency in circulation by a staggering 39.1% in a single year.
And don’t get me started on the national debt that’s fast approaching $29,000,000,000,000. Did you know that your portion of that national debt, the amount that you owe as a taxpayer, is an excess of $228,000?
It’s absolutely absurd to think that the rampant inflation is going to magically disappear anytime soon, if ever.
In fact, the next headline seems more probable than not.
And as much as it feels like our backs are up against the wall and we have to fight like hell to protect what we’ve got, there is some hope.
Gold and silver have an unparalleled track record of protecting wealth for over 2,500 years. Known as “inflation fighters”, they’ve historically helped countless individuals to insulate their wealth from corrupt governments and central planners who are hell-bent on taking what’s yours.
Click here to discover how to safeguard your wealth from the coming inflationary apocalypse.
Recommended for you: Gold IRA Rollover Guide and Silver Investments .
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