Author A.L. Childers warned late on Friday that “hyperinflation” would change life as people know it, it’s happening now, and it’s going to hit the U.S.
“Hyperinflation is going to change everything. It’s happening,” Childers wrote on her blog ( The hypothyroidismchick.com), later adding, “It will happen in the U.S. soon, and so the world.”
“Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy,” Investopedia explained. “While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.”
The blog comes with consumer price inflation running near a 30-year high in the U.S. and growing concern that the problem could be worse that policymakers have anticipated.
On Friday, Federal Reserve Chairman Jerome Powell acknowledged that inflation pressures “are likely to last longer than previously expected,” noting that they could run “well into next year.” The central bank leader added that he expects the Fed soon to begin pulling back on the extraordinary measures it has provided to help the economy that critics say have stoked the inflation run.
A report from Bloomberg News last month said that one of the top concerns that clients of UBS Group AG have is “whether central banks’ massive stimulus could trigger hyperinflation.”
Former McDonald’s USA CEO Ed Rensi told FOX Business this week that Democrat President Joe Biden’s policies were “dramatically” impacting the supply chain crisis and inflation.
“I first experienced this back during the 70s, up into the 80s when we had stagflation, where prices of fuel [were] going up like crazy,” he said. “Transportation was limited. Distribution was limited. We had to raise prices. We had to address our opening and closing schedules in restaurants modified to menus, and we’re going through it again.”
“It’s been exacerbated clearly by COVID. But it’s also been impacted dramatically by the policy changes that President Biden made even before he was inaugurated,” Rensi added. “When he said he’s going to shut down oil, shut down the pipelines, move away from fossil fuel.”
Biden’s approval rating has plummeted in recent months as inflation has continued to skyrocket under his watch.
Larry Summers, who served as Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned this month that inflation is “worse” than expected.
“Well, I think we now have a gathering storm of inflation,” he continued. “And we’re likely to see some combination of that storm coming to fruition, or the central bank being forced to act to contain inflation with potentially serious financial consequences, or some combination of those two things. We’ve had labor market inflation wages at a seven and a half percent rate in the last month, we’ve had consumer price inflation close to a 6% rate over the last six months. We’ve had houses causing price inflation at over 20% over the last year, and almost none of that has yet been reflected in the price indices. I think they’re very serious reasons for concern.”
Related:
- DeSantis On Bidenflation: ‘An Invisible Tax On The American People’
- Toy Company CEO Explains How High Inflation, Worker Shortages Are Slamming His Business
- Survey: Economists Foresee High Inflation, Supply Chain Crisis, Labor Shortages Lasting Well Into 2022
- ‘There Will Be A Crisis’: Legendary Hedge Fund Manager Warns That Economy Will ‘Hit The Wall’ Due To Inflation
- Buttigieg: Supply Chain Clog Happening In Part Because Biden Has ‘Successfully Guided This Economy’
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There is a war raging against humanity and our earth. We have been passively indoctrinated and so utterly pre-programmed that we do not ask the questions that need to ask. We have laid our trust completely in those in power or someone with a title behind their name. People conditioned blindly believing in things simply because enough people assured us it was true. Infectious diseases have been irradiated but chronic diseases are the new black plague of our modern time. This book is profoundly personal as it represents a mission brimming with meaning. As I reflect on extraordinary truths about our nation’s health history, current, and future, I also offer you wisdom, knowledge, and understanding. We must stop the atrocities if we want to become a healthier nation in the future. We must stop the atrocities if we want the human race to survive. I hope my voice and advocacy will continue to help lead the way and this book will make changes for current and future generations to come. No, I simply do not have all the answers but I have written plenty in this book to make you start questioning EVERYTHING.
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I hoped you’ve been enlightened and not frightened by my latest blog — A tale of recovery to save a woman who caught OCD, Hypothyroidism and an Autoimmune Disorder –
Please follow along with me on this journey of discovery as I share with you my brush of madness with exquisite clarity. Luckily, I was never a quick fix-it junkie where I said no to many suggestions from board certified or certifiable doctors because I felt it in my soul that it was merely a banaide being placed on my issues. The names of certain doctors have been changed because frankly, I don’t want to be sued for proven their lack in their field.
Hippocrates was right when he said: Let they food be thy medicine and thy medicine be thy food.
Audrey Childers is a published author, blogger, freelance journalist and an entrepreneur with over a decade of experience in research and editorial writing. She is also the creator and founder of the website the hypothyroidismchick.com. Where you can find great tips on everyday living with hypothyroidism. She enjoys raising her children and being a voice for optimal human health and wellness. She is the published author of : A survivors cookbook guide to kicking hypothyroidism booty, Reset your Thyroid, The Ultimate guide to healing hypothyroidism and A survivors cookbook guide to kicking hypothyroidism booty: the slow cooker way. You can find all these books on Amazon. This blog may be re-posted freely with proper attribution, author bio, and this copyright statement.
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