Contributed By: The Big Fat Whale
There has been recent talk about an inflationary spike and pressure on the overall economy. Commodities prices have been creeping up. This phenomenon is not surprising given the huge money press at work and it is still running on full steam- Biden's recent 2 trillion infrastructure bill was passed.
The current US debt is at 28 trillion dollars. We touched on the Fiat Money symptom in our article supporting Silver as a hedge against hyperinflation.
Source: Dow Jones Commodities Index- spglobal.com
Looking at the charts, the commodities prices have been on a steady ascent since mid-2020.
Looking around us, there have been new policies to increase wages of security guards to 3500 dollars by 2028. This is equivalent to or more than a fresh graduate pay in today's term. We can still remember our starting pay when we graduated ages ago was just 1800-2000 dollars.
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