From what I understand is, that elderly on fixed incomes reliant upon Social Security have their benefit raises based on Inflation Plus 1 percent. I’m very curious to see how the Gubmint will deal with this hyperinflation in regards to the elderly population’s Social Security increase.
Remember, a raise in Social Security benefits may be slightly inflationary, but when the old timer dies the inflation ends.
Stimulus checks, unemployment benefits, or PPP loans may be inflationary, but when they stop the inflation ends.
Another point, if somebody uses any of these sources for debt liquidation, it won’t be inflationary.
If I withdraw $10,000 in Federal Reserve Notes tomorrow, store it for 5 years, that is hardly inflationary.
We are living in strange and exciting times from my perspective.
“From what I understand is, that elderly on fixed incomes reliant upon Social Security have their benefit raises based on Inflation Plus 1 percent….”
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There is NOT a “Plus 1 percent”.