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RE: LeoThread 2024-12-05 08:38

in LeoFinancelast month

Part 3/8:

Fast forward to the present day, the U.S. dollar has similarly experienced severe depreciation, particularly since June 2020, where it lost around 20% of its purchasing power. Home prices have surged from $320,000 to $420,000, reflecting a 30% increase, while the cost of basic necessities, such as a loaf of bread, rose from $1.40 to $2— a 40% increase. Such spikes lead to concerns about the possibility of ongoing inflation, akin to the high inflation of the 1980s. As of 2022, inflation reached alarming levels, but it's recently moderated to just above 3%, with indicators suggesting it may rise again.

Comparing Current Trends to the 1970s