Difference between revisions of "Bidenflation"
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(→Loss in real value of gold: Gold actual lost value by mid-2022, despite red-hot inflation at 9.1%.) |
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== Loss in real value of gold == | == Loss in real value of gold == | ||
| − | Bidenflation erodes the real value of [[gold]], in contrast with [[inflation]]. | + | Bidenflation erodes the real value of [[gold]], in contrast with [[inflation]]. Gold actual lost value by mid-2022,<ref>https://tradingeconomics.com/commodity/gold</ref> despite red-hot inflation at 9.1%. |
[[category:economics]] | [[category:economics]] | ||
[[category:finance]] | [[category:finance]] | ||
[[category:politics]] | [[category:politics]] | ||
Revision as of 07:14, July 14, 2022
Bidenflation is the historically harmful inflation and agflation caused by the senselessly wasteful spending and economic policies of the Biden Administration, especially in 2022.
Erosion of savings
Bidenflation is high inflation without any investment possibilities to protect against it. Interest rates available to depositors are much lower than the inflation rate during Bidenflation.
Loss in real value of gold
Bidenflation erodes the real value of gold, in contrast with inflation. Gold actual lost value by mid-2022,[1] despite red-hot inflation at 9.1%.