The US government's underreported price inflation data, provided by its own Bureau of Labor and Statistics, came in lower than expectations this week at +7.1% year on year.

We're happy with this rate of price inflation.

For one second, suspend your disbelief, and consider that this admitted price inflation rate would halve the fiat US dollar's purchasing power in merely ten years.

What a difference a year makes after the financial market has sustained high price inflation conditioning.

This week the fiat Fed tapered the size of their rate hikes moving up only 50 basis points instead of the 75 basis point hikes we have seen.