We are in a currency crises.

The US dollar is a currency referred to as fiat. Which means there is nothing backing it (the dollar.) It’s simply a piece of paper and without reigns the central banks in collusion with their overspending governments printed more and more and more. And when you do that for years the purchasing power of that dollar gets destroyed. This means the dollar stops working - prices of nearly all essentials goes up. This fallout from overspending is hitting us hard today. There is really nothing we can do to fix the currency. Our best bet is to embrace it by combating the effects on the front lines and prepare for further fallout from the crises.

The value of the currency is directly related to the credit conditions and monetary policies set by the federal reserve bank. The bank has kept rates too low for years and also inventing Quantitative Easing where the fed is allowed to not only print the money but buy government debt with that printed money. This has allowed unbridled spending and debt accumulation. In the end the value of the currency gets diluted, it breaks down and everyone suffers. The inflation reduction act actually created more inflation, diluted the dollar further this leading to higher prices. This will not stop as long as the Fed has control over the money supply and continues to debase it by glowering rates and reintroducing QE in an attempt to keep asset classes, which defines the paper wealth of most in the US, from falling. .