this post was submitted on 31 May 2024
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Inflation is higher than they would like you to believe. (monero.town)
submitted 3 months ago by shortwavesurfer@monero.town to c/personalfinance@lemmy.ml
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The US government is telling everybody that inflation is 3.4% per year. That is not correct. Try 14.2% and that's about right. Source : gold/usd 1 year simple moving average.

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[–] shortwavesurfer@monero.town -1 points 3 months ago

The best way to go is to ditch their system entirely and stop using money that they can just print out of thin air and tax you through inflation at all. You're right about the investment of bonds. When your bond has high rates and the rates go down, your bond can sell for more. But I don't want the US dollar at all. Actually. In fact, I don't want to buy a bond from any country, no matter where it's at, because all countries have fiat currencies.