Difference between revisions of "Bidenflation"
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| − | '''Bidenflation''' is an extremely harmful type of [[inflation]] and [[agflation]] that erodes the value of nearly everyone's savings and wages, 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. | + | '''Bidenflation''' is a central element of [[Bidenomics]], the economic program of socialist leader [[Joe Biden]]. It is an extremely harmful type of [[inflation]] and [[agflation]] that erodes the value of nearly everyone's savings and wages, 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 18:27, December 28, 2023
Bidenflation is a central element of Bidenomics, the economic program of socialist leader Joe Biden. It is an extremely harmful type of inflation and agflation that erodes the value of nearly everyone's savings and wages, 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%.