Greetings from Canada!!! Yes this inflation is real & I see a heck of alot more inflation, due to pressures from the already tight labor market demanding higher wages in the new year when new contracts and agreements will be in effect. This will boost more even more inflation and that's when things will get intresting.

The thing that started this all was the 2008 financial mess and central banks creating new scams like quantative easing, zero intrest rates, negative intrest rates, huge defecits, etc.... Those ponzi type schemes created by central banks became so addictive that we as a society can only grow our economy And create wealth with these scams. As a result we are starting to see the light and there will be even a bigger price to pay for all of this when it comes to implode on us soon... the sad part is now ordinary folks are also plowing money into stocks, equities, property, land, classic cars and anything deemed hard. As a result that's were the money as been made since 2008 crisis. We have to play the wall street casino or buy an asset at sky high prices hoping some other idiot will pay more for it tommorow. Since 2008 we also now have created crypto currencies, net fungible tokens and "virtual invisible" assets lol that don't actually exist??? and all of that garbage is now being used to sustain or better our spending problem. Problem here is central banks need to wake up..... Here ex#1 explained.... If inflation is 6% and I'm a conservative investor that's not greedy but also not stupid, and I managed to save $10,000 this year and I want to park it somewhere safe and feel the wall street casinos, real estate, cryptos isn't for me....Therefore since governments, corporations, and consumers have spending problems and there's a demand to borrow. A bond holder therefore should get his inflation money back (6%) he should get compensated for tax liabilities let's say (+2%) and a little return no greed here let's say( 2-3%) so all together that 1yr bond or obligation should pay 10-11% and that's not being greedy. That the problem. Folks don't have many choices. 1% bonds are a joke. And let's face it, 11% bond yield is what's needed to bring us to reality in a 6% inflation environment. If it's to expensive for govt to operate, then they need to spend less and balance there books or create surpluses for a change... For broke consumers buying real estate, artwork, pinballs, cars, land on borrowed cheap money, 11% or higher rates will get them to rethink about there real priorities!!! eventually the dollar will regain purchasing power for savers and workers.... Inflation is another hidden tax on workers and savers ... governments and central banks need to wake up before the next real great depression is made through all of these short term stupid policies being used today. The excess massive borrowing must stop now and The war on savers must end now.