Members of the U.S. Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the alleged statistics that say U.S. inflation is only 2% to 2.24%, reports show that Fed’s liquidity expansion has accelerated inflation, and prices on goods and services in the U.S. have swelled a great deal.
The Federal Reserve Claims the US Inflation Rate Is ‘Well-Anchored at 2 Percent’
There’s a reason why precious metals like gold, silver, and cryptocurrency assets like bitcoin (BTC) are considered an escape from monetary inflation. All three of these forms of money and their monetary bases cannot be expanded as fiat currencies can, and statistics show that the U.S. money supply is now 24% higher than it was before the pandemic-related stimulus packages.