The Atlantis Report
Dec 7, 2021
Unaffordable food and soaring health costs, worker shortage, and empty shelves at grocery stores.
We just added another 1.2 TRILLION in debt and they are working up their next multi TRILLION dollar bill.
The Department of Energy Secretary just admitted that heating oil will cost 50% more this winter. Good luck to those of you who heat your homes with oil.
The middle class and poor people are being crushed by inflation.
Inflation over the past twelve months surged to a 31 year high as rising prices undercut President Biden and hurt consumers despite evidence of US economy is rebounding from the pandemic.
His inability to handle the broken supply chain is inflationary. And planning on windmills, solar panels and EV charging ports that won’t be in effect until 2030+ also contributes to higher energy prices in 2021+. You don’t stop fossil fuel production until AFTER your alternative energy sources are fully functional and operational on a national scale.
Rising inflation is coming.
Of all the money ever pumped into the economy by the Federal Reserve, more than half of that amount was pushed in during the last 20 months. The Fed has doubled its balance sheet since February 2020.
During 2009 through 2014, the Fed added more than $2 trillion to the system, after adding very little during the 2000s.
However, during 2015 through 2017 the Fed was flat, and during 2018 and 2019 the Fed actually removed some funds from the economy.
Welcome back to The Atlantis Report.
Horrible inflation across the board started in March, which is just around the time the supply chain started clogging up.
The cost of energy, food, transportation, and other consumer goods has spiked.
Free money has been handed out. Remember your house did not increase in value last year by 20%. Your dollar decreased in value by 20%. When money given has no backing (i.e. an hour worked, a product made) something, anything created, that dollar is worthless.
The Fed has been pumping TRILLIONS of dollars into the economy since the 1999 stock market crash, and then they wonder why inflation is up. Remember that’s EXACTLY when real estate started to take off into the stratosphere, and that hasn’t stopped since. Food prices also have been going up for a good 15 years, and if you really want a shock take a look at the price of your prescription drugs. The total cost, not the cost YOU pay.
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