(Ron Paul)—President Biden recently repeated the claim that high prices are caused by greedy businesses. Biden is not alone in trying to gaslight the people into thinking price inflation is rooted in the actions of private individuals and not the fiat money system Americans have lived under since 1971. In the media we see excessive consumer spending on luxury items, for example, being blamed for continued price inflation. The fact is that increased consumer demand can only cause prices to rise in those sectors of the economy subject to the increased demand. Prices increasing across the economy are always the result of the Federal Reserve’s conduct of monetary policy.
Trying to minimize the harm of inflation, some people in government and media will insist that, while many prices for goods are higher than they were pre-lockdown, they are still lower than were prices in the 1990s when you consider that the quality of these goods has increased. The argument is that buyers are getting higher value today than 30 years ago. Of course, any increased quality is because of market-driven innovation. If America had a free-market monetary system, instead of central bank-controlled fiat currency, prices would drop as quality increases.
It is also important not to ignore the fact that the Federal Reserve’s devaluation of the dollar’s purchasing power creates an incentive for individuals to spend money as soon as they receive it and a disincentive for them to save. This is because the dollar will have less value a year from now than today. Therefore, high levels of spending are a rational response to an irrational fiat money system.
High prices and supply shortages were inevitable after the lockdowns. However, prices would have adjusted back more if the Federal Reserve had not pushed interest rates to zero. While the Fed has raised interest rates, it has not raised rates to anywhere near where they would likely be in a free market. In fact, rates are not at historically high levels, yet many worry the Fed’s rate increases are pushing the economy toward a recession. This shows how addicted Americans are to the Fed’s “easy money,”
When the dollar’s purchasing power erodes, workers will seek higher wages. This is why periods of high price inflation are accompanied by strikes and other types of union activity aimed at increasing wages. This has made unions another popular scapegoat for price inflation when the truth is that Fed-caused price increases are the real reasons behind labor unrest.
Sadly, the increase in nominal wages gained by the recent series of strikes is unlikely to keep up with the declining real wages resulting from the Federal Reserve’s assault on the dollar’s value. This is why, contrary to the claims of many progressives, working people are the victims, not the beneficiaries, of price inflation. As a Texas union official once told me, “gold has always been the friend of the worker.” This makes sense because gold is money whose value cannot be manipulated by the central bank.
Inflation is the act of money creation by the Fed, and high prices are a symptom of inflation, not a cause, and not the fault of greedy business, consumers, and unions. The Federal Reserve is also the engine of the welfare-warfare state. Therefore, to restore a system of limited government, individual liberty, and free markets, Congress must cut spending and audit then end the Fed.
Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.
