Gasoline prices are hitting new highs, causing your weekly grocery bill to balloon. It’s no surprise that people are feeling squeezed.

The Biden administration has been touting its policies to combat rising costs, but let me break this down for you: it's all smoke and mirrors.

You’ve probably heard about the so-called “transitory inflation” from policymakers. That term is code for "it’s not our problem." This isn’t some temporary blip caused by supply chain issues or pandemic shortages; it's a clear sign of deeper economic dysfunction.

The buried number in today’s reports shows that real inflation is actually around 8%. Not the paltry 4% figure you hear on TV. Nobody is going to tell you this on CNN, but I have been watching this for years and know exactly how these numbers get cooked.

When it comes down to who's really benefiting from all this, it’s certainly not middle-class families or small business owners struggling every day. The beneficiaries are the big banks and corporations that helped craft the policies in the first place. They’re laughing all the way to the bank.

The Obama-era Federal Reserve has kept interest rates artificially low for years, fueling a speculative bubble that’s now bursting under the weight of its own excesses. This creates an illusion of wealth while prices skyrocket and savings erode.

So what can you do? Protect yourself and protect your family by diversifying investments away from cash or inflation-sensitive assets like bonds. Look at tangible assets, real estate if possible, or anything that holds its value when dollars become less valuable.