This article from the Daily Mail:
The REAL cost of inflation: Steak has soared 22%, kids’ shoes by 12% and washing machines by 19% – despite official rate of 5.4% – as value of dollar is on pace to be cut by half in just 13 years
The article covered price increases in various goods and services, all of which I have covered before.
Only sentence in the article that needs to be highlighted.
Overall inflation hit 5.4% on the year last month, matching a 13-year high, if that rate persists, the value of a dollar would be cut in half in 13.3 years
That’s the critical point right there.
Remember a few days ago Miguel published the post “Men who wanted to be left Alone.”
I’m going to repost the whole thing because of just how salient it is:
The most terrifying force of death comes from the hands of “Men who wanted to be left Alone”. They try, so very hard, to mind their own business and provide for themselves and those they love.
They resist every impulse to fight back, knowing the forced and permanent change of life that will come from it. They know that the moment they fight back, their lives as they have lived them, are over.
The moment the “Men who wanted to be left Alone” are forced to fight back, it is a form of suicide. They are literally killing off who they used to be. Which is why, when forced to take up violence, these “Men who wanted to be left Alone” will fight with unholy vengeance against those who murdered their former lives.
They fight with raw hate and a drive that cannot be fathomed by those who are merely play-acting at politics and terror. TRUE TERROR will arrive at these peoples’ doors, and they will cry, scream, and beg for mercy… but it will fall upon the deaf ears of the “Men who wanted to be left Alone”.
Allow me to get completely real with you.
I have three degrees and a technical certificate across three different fields of engineering. I have a job that I really like. I make $130,000 per year.
My wife has a bachelor’s and master’s degree. Her salary is commensurate with her level of education, about $70,000 per year.
Our household income is just north of $200,000, not including bonuses.
I enjoy a decent, upper middle-class professional quality of life. Of course I have to watch my budget and not do anything stupid, but I’m not hurting. I have a nice house in the suburbs, a pickup truck, a used sports car, and a minivan for the wife to haul the kids around. With a little bit of self control, I can occasionally buy a new gun or other toy when I want one. I can take the family out to a restaurant every once in a while.
That is what keeps me in line.
I enjoy my middle-class life in the suburbs with my kids and I’m not going to risk losing that.
But what happens is that is taken away from me.
When I got my first job, my salary was $85,000 and my wife was doing $35,000. Combined income of $120,000. We didn’t have kids and lived in a 1,500 sq-ft condo. I was driving a 10-year old truck that had seen several salt covered winters past better days.
Take my current household income and cut in in half with inflation.
The purchasing power of my money will be worth less than my income when I first got out of school a decade ago.
Everything I worked for and built up, everything my wife worked for and built up, over the course of our adult lives wiped out and we’re sent back to square-one fresh out of school again. Not because of something we did but because the powers that be did it to us.
Make a family like mine have to turn down the heat to 60 degrees in the winter so I don’t have a utility bill that’s half as much as my mortgage payment.
Make me have to choose between new shoes for my kids or red meat in my spaghetti sauce because I can’t budget both in the same pay period.
Make taking my family to a sit-down chain restaurant for burgers and chicken strips a birthdays and anniversary type special occasion.
Take away the upper middle-class quality of life that I worked so hard for, the thing that keeps me in line, and see what happens.
I cannot be the only guy who feels this way.
That is exactly the direction this nation is going and right now the clock is set at 13.3 years.
Unfortunately, I don’t see the rate of inflation slowing down, or even leveling off. In fact, I see it speeding up as our government responds to every problem by making them worse. That 13.3 years may come sooner.
Utterly destroy the middle-class lives of Middle American professionals by cutting the value of their middle-class salaries in half.
Take away a lifetime of hard work and a achievement in their careers and see how many of them remain peaceful.
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