So inflation is really kicking in now and the money printing presses are still going "whirrrrr" at full speed.
The official figures shows a jump of 6.2% in Oct, the highest for 30 years. The real rates, without the manipulation where they don't count food, heating, housing, transport or, well, it's probably only including flat-screen TVs now 'cause they always get cheaper ... it's easily 15%
The bottom line is that our money is losing its purchasing power at an alarming and increasing rate and wages are not going up in sync. There are going to be some very hurt people when they finally wake up to it, probably too late. If you are at or near retirement, they just stole half of what you had. If you are saving for retirement, better hope you can outperform Warren Buffet over a 20-30 year stretch. God knows how young people are supposed to buy a house with the prices going up like they are (the only saving grace is that the artificially low interest rates means the debt will be devalued).
On top of it all, any money you do have is going to be taxed more as well, just to rub salt into the wounds.
[sorry, image wouldn't post]