{"id":61510,"date":"2022-01-16T18:44:23","date_gmt":"2022-01-16T23:44:23","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61510"},"modified":"2022-01-16T18:44:23","modified_gmt":"2022-01-16T23:44:23","slug":"it-has-been-7-inflation-since-1996","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61510","title":{"rendered":"It Has Been 7% Inflation Since 1996"},"content":{"rendered":"<header class=\"ContributorArticleFull_header__21CbP\">\n<h3 class=\"ContributorArticleFull_title__5lOqW\"><a href=\"https:\/\/www.zerohedge.com\/news\/2022-01-16\/it-has-been-7-inflation-1996\">It Has Been 7% Inflation Since 1996<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>And so finally, now\u00a0fiat $USD financial authorities are being\u00a0forced to admit we have at a minimum 7% price inflation annualized.<\/p>\n<p>The issue, as per usual, is the real value loss\u00a0truth is like twice that amount in terms of real purchasing power disappearances over the last twelve months.<\/p>\n<p>To attain shreds of credibility, even some in the mainstream financial media now have to report how rigged the Bureau of Labor and Statistics (BLS) inflation tracking methodology is.<\/p>\n<div class=\"AdvertisingSlot_desktop__1kLtW AdvertisingSlot_tablet__2K3QE AdvertisingSlot_mobile__1_gOm AdvertisingSlot_placement__1gQtj AdvertisingSlot_align__32LUS\">\n<aside id=\"in-content-video\" class=\"AdvertisingSlot_verticallySpaced__39vIl\" data-google-query-id=\"CK_trYG5t_UCFbjsKAUdkCAN6g\">\n<div class=\"ac-widget-placeholder ac-reset\" data-loaded-pid=\"zerohedgecom\" data-loaded-wid=\"0011r00002RYAhn_1419\">\n<div id=\"ac-lre-player-ph-ext-DIzS9aU9P3eJMsvpa2huW5KCKkbIjLvc\" class=\"ac-lre-player-ph-ext ac-lre-ph-playlist-hide-scroll-bar ac-lre-carousel-horizontal ac-lre-carousel-legacy\">\n<div id=\"ac-lre-player-ph-DIzS9aU9P3eJMsvpa2huW5KCKkbIjLvc\" class=\"ac-lre-player-ph ac-lre-desktop vjs-hide-top-articles\">\n<div class=\"ac-lre-wrapper luminous-theme is-floated-outer-title\">\n<div class=\"ac-lre-playlist-horizontal ac-lre-element-disabled\">\n<div id=\"ac-lre-btn-playlist-horizontal-next\" class=\"ac-lre-btn-nav\" data-navigate=\"next\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1482030299210993665&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-01-16%2Fit-has-been-7-inflation-1996&amp;sessionId=e84999ee8a1465c13de70cd0d26398c3f000e600&amp;siteScreenName=zerohedge&amp;theme=dark&amp;widgetsVersion=86e9194f%3A1641882287124&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1482030299210993665\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>Of course, yet another deflationary global bankruptcy phase is likely to come about this decade.<\/p>\n<p>Look for perhaps some\u00a0<a href=\"https:\/\/youtu.be\/E3jJ5FpR93Q?t=276\">cyber-attack<\/a>\u00a0excuse to cover yet more derivative bet loss insolvencies to come.<\/p>\n<p>And when it does, it will likely turn these\u00a0increasing-price inflationary pressure downwards for a brief timeframe as it did during the 2008 GFC and briefly, and too at the start of the\u00a02020 pandemic.<\/p>\n<p>Yet our financial authority&#8217;s\u00a0most predictable response mechanism will likely be more seemingly\u00a0\u221efiat currency\u221e creation.<\/p>\n<p>Ultimately and also by major central banks&#8217;\u00a0pre-meditated &#8216;<a href=\"https:\/\/sdbullion.com\/blog\/permanent-and-massive-untold-damage-to-peoples-savings\">Go Direct<\/a>&#8216; actions. Secular inflation should\u00a0remain persistent, reaching\u00a0levels already now larger than perhaps ever before experienced in most of our lifetimes until significant structural issues of too much record-level fiat currency-denominated debt and unsaved promise piles get reckoned.<\/p>\n<p><strong>Over 7% Inflation Since 1996<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/iYimZgY9H-I\" width=\"800\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<h2><\/h2>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It Has Been 7% Inflation Since 1996 And so finally, now\u00a0fiat $USD financial authorities are being\u00a0forced to admit we have at a minimum 7% price inflation annualized. The issue, as per usual, is the real value loss\u00a0truth is like twice that amount in terms of real purchasing power disappearances over the last twelve months. To [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[926,3279,303,426,28967,13351,3650,4318],"class_list":["post-61510","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bls","tag-bureau-of-labor-statistics","tag-fed","tag-inflation","tag-jhanders","tag-price-inflation","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61510"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61510\/revisions"}],"predecessor-version":[{"id":61511,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61510\/revisions\/61511"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}