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U.S. inflation falls to 3%, lowest level in more than 2 years, as price pressures ease
(www.politico.com)
this post was submitted on 13 Jul 2023
345 points (95.8% liked)
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You can open a high yield savings account right now at over 4% APY, or a 12-24 month CD at over 5%. My point is your savings should not be losing value
In reality, inflation is much higher than the yield offered by deposits.
The real problem is that if (corrupt) humans are allowed the ability to print currency at zero cost, the result will always be the destruction of value. You can't conserve value, it always incites consumption....
https://wtfhappenedin1971.com
No offense, but that website is really dumb. There are lots of arguments to be had surrounding the gold standard, and that site fails at all of them