The rising inflation is just one of the things that makes it feel like we are living in the 1970's Jimmy Carter presidency all over again.
I was old enough to remember it, if not vaguely and I remember the lines at the gas stations because of the oil crisis. Eventually we all had to fill up at the gas station on odd or even days of the month depending on the odd or even license plate numbers. (I believe we were limited on the amount of gas we could get on one visit too.) I was too young to understand inflation, but I do remember my father complaining about it. And I remember the Iran hostage situation, which ran daily on the news at the time.
The thing is, this is not the 1970s. That was a much more innocent time then. It was an era where our news sources were not biased one way or the other, at least, it was not apparent. The Iran hostage crisis is an example. The media (which was pretty much only 3 TV stations and your local paper) all talked about it daily, and complained that Carter was not doing much about it. Republican Presidential candidate Ronald Regan said exactly what he would do. I remember that quite vividly because my mother commented that he was a "war monger" and that he would get us all killed. We all know now how that actually played out. So much for mom's liberal viewpoint on things.
Today the left leaning media would not play out any crisis like that for a Democrat president. Look how they have downplayed and then just not talk about the Afghanistan hostage crisis, which is WAY worse than Carter's Iran crisis. Jimmy Carter bungled a crisis he had placed on his lap, but Biden bungled a crisis he caused. He continues to bungle it.
Look at how the lefty media ignores the border crisis, again, another self-inflicted one by Joe Biden. He continues to bungle it actually. The only smart thing he did was to reestablish the Stay in Mexico agreement. Other than that, nothing. Biden leaves it to the laughing hyena Harris, who also does nothing.
Look at how the lefty media excuses the COVID vaccine mandates which is causing yet another crisis, one of losing millions of previously deemed hero "essential workers" who are now being kicked to the curb for wanting autonomy over their own bodies. Biden is doubling down on this nonsense.
Now we are facing a supply chain crisis, which to be fair Biden did inherit (due to COVID 19 shutdowns of so many businesses, ridiculous regulations in Democratic run states with ports like California and New York, etc.) but Biden has on cue, made it worse by declaring war on the oil, gas and coal industries and has shut down as many of them as he can. Now he is out begging for fuel from OPEC (who laugh at him) and the U.S. now is nearly 100% dependent on this fuel source from, well, countries who are mostly our enemies. To be fair, the supply chain crisis is a complex issue, but we certainly did not have an oil, natural gas and coal problem on our hands during Trump's presidency because the U.S. became 100% independent on that front. Biden has completely wrecked that in just 10 short months. Biden has made no movement to fix this, only make it worse by things like the COVID vaccines mandates. No, Biden leaves this to his Secretary of Transportation, Pete Butigieg, who promptly went on the record as saying this was the new normal "until the Pandemic was over" and we would just have to live with it. Then Pete went on extended paternity leave.
Now bad actors like China, Iran, Russia and the like are emboldened to do pretty much what they want again. It's like the adult left the room and they sent in a substitute teacher who really is a kid himself and has no control over the bullies. Biden has absolutely zero respect from the world's worse actors. With Trump, peace was literally breaking out in the Middle East and instead of receiving a Nobel prize for it, he was labeled a racist and impeached for nonsense. Trump had North Korea and Iran on their knees. Trump made friends with Putin and reined in any shenanigans from Russia. Trump has China on the defense. Now all of these countries are free to do as they please again, which is NOT good for the U.S or the rest of the world.
No, this is not a replay of the 1970's. It is WAY WORSE. Jimmy Carter would never dream of trying to spend his way out of inflation and propose multi-trillion dollar spending sprees on nonsense. Biden does. AND he claims it is "all paid for"...But all the billionaires in the United States, if you took all their money away and paid for that spending bill, their money could not cover it. So where exactly does the money come from? Well, the fact that the Democrats are proposing a new way of trolling through all our bank accounts (anyone with $600 dollars of movement per year or more, later changed to $10,000) and the fact they want to add tens of thousands of new IRS agents, tells anyone with half a brain the Dems are NOT going after the 1% only. Why add all those agents for such few people? Why mull through accounts with a paltry $10,000 in movement per year? Answer: they are going after ALL of us!
(Notice in the above Wikipedia link that the 400 wealthiest people in the U.S. together are worth only $3.2 trillion. So how do we pay for the Dems original 3.5 trillion bill by taxing them?)
And yes, on top of that, they are inflating away the net worth we have actually been able to acquire.
So, do I worry about inflation? You bet your sweet bippy I do. I can only hope my physical gold and silver, paper gold and silver, my bitcoin account and the fact that my home is paid off will protect my family to some degree.
If we go into hyperinflation or the dollar actually collapses? God help us all.