https://twitter.com/disclosetv/status/1404784364131696642
Kyle Bass: Actual Inflation Rate Is Around 12%
Bass noted that the Federal Reserve’s easy-money policy has added about 34% more money to the system in the last 14 months, a move that effectively cuts into the consumer’s buying power. “That means people that have money in the bank, in their savings, are losing, call it 5% to 12% of their purchasing power now annually,” he said.
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