This time-theft and tax has affected all other countries' fiat currencies as well, since they have all been pegged to the US dollar, as it has been the world reserve currency since the Bretton Woods agreement in 1944.

In the USA, a 2% annual inflation rate is written into the Federal Reserve mandate.

This means that you are GUARANTEED to be able to buy 2% LESS with the same $20 bill each year.

In March 2024, the annual inflation rate was 3.5%, a lot more than 2%, which means you lost 3.5% of your purchasing power between March 2023 and March 2024.

Put another way, this means that on average, things went up in price by 3.5%.

If inflation was measured accurately, like it was done until the early 1980's, it would actually be closer to 10% in 2024.

When looked at by category, one sees that inflation is a whole lot worse than 3.5% in many categories over the past year.

When one looks at one's rent, grocery bills, gas prices, almost anything one buys, it is quite clear that inflation is rampant in every sector.