Along with what Reagan said above, inflation is also caused by the "printing press" money the government churns out.
Republicans are also guilty as Democrats in government over-spending and churning out fiat currency with nothing backing it.
As inflation is roaring under His Fraudulency Joe Biden, Kevin O'Leary of Money Metals Exchange put it bluntly on CNBC on why people are turning to coins, bullion and silver rounds as hedges against inflation.
He said:
MONEY METALS – Kevin O'Leary bluntly stated on CNBC why Americans have more reason than ever to move some of their wealth from dollar-denominated investments into hard assets like silver rounds –
“You print $6.72 trillion in thirty months, what the hell did you think was going to happen? Of course there's going to be inflation.”And Mr. Wonderful's figures are on point, says the Foundation for Economic Education. Federal Reserve data show that in August 2019, the U.S. had $14.9 trillion total in circulation. By January 2022, it was $21.6 trillion.
That's 44.97% more Federal Reserve notes chasing substantially fewer goods due to shortages of everything from medications to microchips to eggs – the classic inflationary set-up. Anything denominated in U.S. dollars – stocks, bonds, cash – is losing value daily.
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