by Michael Snyder
The Economic Collapse Blog
Most Americans didn’t understand that the exceedingly foolish decisions of our leaders would eventually have a major impact on how they live their lives every single day. But there are some of us that did. Many of us literally begged our politicians to stop borrowing and spending trillions upon trillions of dollars that we did not have. But they refused to listen. And many of us literally begged the officials at the Federal Reserve to stop pumping trillions upon trillions of fresh dollars into the financial system. Of course they wouldn’t listen to us either. Now our standard of living is steadily being eviscerated, and most of the population seems quite surprised that this is happening.
Flooding our economy with money was inevitably going to create an inflation crisis, and that is precisely what has happened.