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RE: Financial freedom and retiring early (Fire); and why people do not attain it
Very good question. But REAL inflation is much higher than that. Last time I checked it was around 9% in US and around 7% in EU. I don't know the data for other regions. This % includes everything usual Jack and Jane need for their life, all expenses. Main problem is...people still believe that politicians will save them :) And lack of their knowledge how central banking and politics always work together.
I agree. The cold truth is, people believe democracy and vote give them the power, while in fact all they've got is the power to vote which results in nominating politicians who, in turn, will do what finance markets want. Politics are functional to finance, and finance (the real one, on the larger scale) is the only force that drives change and events. It's sad that people are so delusional about what they can do, but at the same time it is also likely necessary.
If everyone would be a little bit more informed (like you) I think that would change the whole game. But as long as most people will wait and believe that someone will save them (instead just use their own brain and logic)... So long, the oligarchic politics and central banking will have extreme power over majority
Inflation varies truly and changes from time to time, there are people who have remained poor because they always believe that one day the government will wake up to their responsibility and then begin to distribute money to them.