Overall US CPI moved up to 3.7% in August from 3.2% in July. 2nd straight month with an increasing YoY inflation rate! 😬 🙊

few understand the following and I quote nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa :

"If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference. This is inflation."

Albert Einstein reported said “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pay it.”

It is aptly said, what compound interest gives, inflation takes away. Put it another way - inflation is effectively the reverse of compound interest - it's like decompound interest.

My savings account: Bitcoin🧡

#zapathon #bitcoin #nostr #plebchain #grownostr #zap #inflation #pleb