Out Of Control Inflation Is Absolutely Eviscerating America’s Rapidly Shrinking Middle Class

 by Michael

I tried to warn you that the U.S. was going down the exact same path that Venezuela had already traveled.  Once upon a time, Venezuela actually had a thriving middle class, but then a horrific inflation spiral came along and destroyed it. 

Thanks to hyperinflation, just about everyone in Venezuela became millionaires, but just about everyone was also pushed into poverty because the currency was essentially worthless. 

In order for an economy to thrive, a stable currency is essential, and that is a lesson that our leaders have never learned.  Our politicians in Washington just kept borrowing and spending trillions upon trillions of dollars that we did not have, and the “experts” at the Federal Reserve just kept pumping trillions of fresh dollars into the financial system.

  As a result, we now have way too much money chasing way too few goods and services, and this has caused rampant inflation and widespread shortages. (Read More…)

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