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Breaking: Inflation Reaches Insane Highs Inflation has been a growing concern for many economists over the past few months. With the COVID-19 pandemic still ongoing, governments around the world have been injecting massive amounts of money into their economies, leading to concerns about skyrocketing inflation rates. Unfortunately, it seems those concerns have now become a reality, as inflation has reached insane highs in some parts of the world. The United States Bureau of Labor Statistics released its latest Consumer Price Index report, which shows that inflation has surged to a 13-year high. The CPI increased by 5% from May 2020 to May 2021, which is the largest year-on-year increase since August 2008. Prices for used cars and trucks have surged by 29.7%, while gasoline prices have risen by 56.2%. The inflation rate has been largely driven by rising demand as economies open up and supply chain disruptions caused by the pandemic. Other countries are also experiencing inflated prices. In the United Kingdom, inflation has risen to 2.1%, the highest it has been since July 2019. Meanwhile, China's producer price index rose by 9% in May, the highest increase in over a decade. The rise in inflation is concerning for several reasons. High inflation can erode the value of the currency and reduce purchasing power, leading to a decrease in consumer confidence and spending. It can also cause interest rates to rise, affecting borrowing costs and potentially causing an economic downturn. Governments and central banks around the world will need to implement measures to control inflation, such as raising interest rates or implementing tighter monetary policies. However, these measures could also slow down economic growth, making it a delicate balancing act for policymakers. Jim Jordan Invites John Durham In other news, Representative Jim Jordan has invited John Durham, the special counsel investigating the FBI's handling of the Russia probe, to testify before the House Judiciary Committee. Durham has been conducting the investigation since 2019, and his findings could have major implications for the FBI and its handling of the investigation. Jordan, a Republican from Ohio, sent a letter to Durham inviting him to testify before the committee on June 23. In the letter, Jordan expressed concern about the "serious abuses" that occurred during the Russia investigation and said that Durham's investigation will provide transparency and accountability. Durham's investigation has been closely watched by both Republicans and Democrats, as it could potentially lead to criminal charges against high-ranking officials in the FBI. The investigation has already led to the indictment of an FBI lawyer who pleaded guilty to altering an email during the investigation. The invitation to testify comes as Durham's tenure as special counsel is set to expire on June 30. It is unclear whether his investigation will continue past that date, but the invitation to testify suggests that there may be more findings to come. In conclusion, the rise in inflation rates is a cause for concern for many economies around the world. It will require a delicate balancing act by policymakers to control inflation without hampering economic growth. Meanwhile, the invitation for John Durham to testify before the House Judiciary Committee suggests that his investigation may be ongoing and could lead to further revelations about the FBI's handling of the Russia probe. https://inflationprotection.org/rewritten-title-inflation-hits-record-highs-jim-jordan-offers-invitation-to-john-durham/?feed_id=100059&_unique_id=646b6953096c0 #Inflation #Retirement #GoldIRA #Wealth #Investing #Apocalypse #Begley #Bible #christian #currentevents #EndTimes #news #Prophecy #RolloverIRA #Apocalypse #Begley #Bible #christian #currentevents #EndTimes #news #Prophecy
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