In the past, we have argued that the ‘experienced’ rate of inflation — i.e. the increase in the costs of things that we actually buy, both goods and services — has been rising at a much higher rate than the government statistics, such as the Consumer Price Index (aka CPI).
A detailed report has been recently published, which argues the same point.
We have argued that the current monetary policy is facilitating a massive wealth transfer from the poorest to the richest. As the actual inflation is much greater than reported, those who spend most of what they earn are having to work longer hours to purchase the same amount of goods (as wages are rising much slower than the rate of inflation) — inflation is taking away from those who must work for a living. Whereas this same monetary policy is causing a massive increase in the price of financial assets, which has caused the wealthy to grow super-wealthy. The result has been a widening of the gap between the wealthy and the rest, which is reaching the same discrepancy that existed in the feudal period. This is relevant as we have argued that the Beast will rule as a tyrant, and that he will destroy any remaining vestiges of democratic process and protections. The erosion of the underlying economic structures that have enabled democracy is resulting in the weakening of democracy itself, and will facilitate the rise of the Anti-Christ, the tyrant.