US Federal Reserve raises interest rates to 1% in bid to hold off inflation
Fed chair says US economy in strong health as she announces third rate rise since 2008 and the first of several expected this year
Inflation is the worst kind of robbery, the one that hits the hardest to those that have the least. Like an inverted Robin Hood, inflation steals from millions of poor to feed billions into a handful of elite superrich. Stealing from anyone, rich or poor, is wrong from an ethical point of view, but it’s especially wrong when done by the most powerful targeting the poorest and most vulnerable people. Inflation kills, people. Inflation ruins lives. A little inflation hurts you a little, a lot of it will destroy you, but don’t ever let anyone convince you that there’s such a thing as “good” inflation.
Stay vigilant. Check those prices, look out for “shrinkflation”. Its already been going on for some time now.
Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.