Fed: “Mostly transitory persistent inflation”
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It actually does, but this is the lie.
All inflation is transitory, because it eventually deflates. Also, inflation has been persistent since Keynsianism was implemented 80 years ago.
What they are trying to say is that they expect sustained high inflation until they have to replace the monetary system.
What you can expect is genuine hyper-inflation.
Yup, replacing our currency is one of the worst case scenarios but not impossible. Started preparing for high inflation since a couple of months.
Half the population would celebrate the total collapse of our monetary system.
Right up until they starved to death.
Worst case?
Buddy, that's the plan.
Milton Friedman’s ghost strikes again.