The purchasing power may be being eroded but also their high levels of debt are being eroded.superfrank wrote:exactly Jeff - the plebs don't have a clue that the purchasing power of their money is being eroded as tptb create inflation to erode debt.
Take my sister (not a pleb but has a big mortgage) She has been on an unbelievable low rate of interest on her mortgage for ages now and at the same time the value of that debt has been eroded. She is winning on both counts, I on the other hand am getting a pitiful rate of interest on my savings whilst it is also being eroded by inflation.
Who's the pleb?