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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| − | '''Bidenflation''' is | + | '''Bidenflation''' is an unusually harmful form of [[inflation]] and [[agflation]] that erodes nearly everyone's savings, without any way to protect against it with investment in [[gold]] or access to interest rates as high as the inflation rate. Bidenflation is caused by the senselessly wasteful spending and [[economic]] policies of the [[Biden]] Administration, especially in 2022. |
== Erosion of savings == | == Erosion of savings == | ||
Revision as of 07:20, July 14, 2022
Bidenflation is an unusually harmful form of inflation and agflation that erodes nearly everyone's savings, without any way to protect against it with investment in gold or access to interest rates as high as the inflation rate. Bidenflation is 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%.