More Signs of Economic Deflation: Joe Biden’s War on American Energy costing Working Americans a lot of money, Producer prices rise a record 7.8% annually in July – August 13, 2021,

So, this is a very bad sign, because if it’s costing Americans more fiat money to buy fewer goods and services this is a clear sign of economic deflation, which means that even if Joe Biden borrows more money from the Federal Reserve and distributes it to Americans to stimulate growth, the new U.S dollars will most likely buy even less than they’re buying right now.

Being that the U.S dollar is backed by nothing but confidence, the recipient of U.S dollars sent out by the government may either decide to hoard said U.S dollars or purchase assets like Gold, Silver or some other asset they believe will benefit them regardless of what happens to the U.S dollar.

Interesting times ahead!