Well I guess it's now official if the Wall Street Journal said it.  Lol. 

Not that I doubt what they're saying in the least, because I and many others on this forum have been expecting a ramp-up in inflation for quite some time now.  We all knew there were going to be consequences for the money printers going brrrrr, all the unemployment assistance, the stimulus checks, the out-of-control spending, etc.  There's no way we weren't going to see chronic inflation.  And who's going to be the real victims of all this?  Our kids and grandkids.  I don't need the WSJ to tell me that they're fucked and are going to have to clean up the mess made by the politicians of this generation.

My advice?  Get out of cash and into some investments or at least something that hedges against inflation.  I'm not sure if precious metals are worth looking into, but bitcoin is certainly an option--even with its notorious volatility.  With all the institutional buying that's been going on, and the price being relatively stable despite its drop from the ATH, I'd bet it's poised to go much higher than it's at right now.  Spend that cash you have, and save only enough to get you through an emergency.  Any excess cash should be converted to other things IMO.

Recently, David Folkerts-Landau, head of global research at Deutsche Bank, co-authored with Peter Hooper and Jim Reid, an important report titled "Inflation: The defining macro story of this decade" (Inflation: The defining macro story of this decade). The report warned that the global economy is "sitting on a time bomb" and that the outbreak of inflation may have devastating consequences for the US economy.