Although I agree that this is an artificially difficult situation that will cause a lot of unnecessary suffering, I would suggest resignation and despair are not the right choice.

I grew up in abject poverty, but we didn’t starve or die. Hard times (even when artificially foisted upon us) can even be a blessing in the long run. I have thanked God many times for the poverty of my youth and the first few decades of my life. I didn’t really feel like He was blessing me in my first year of college when I ended up eating one meal per day (except when I had 2 cups of soup on Christmas Day) and sleeping out in the snow for a couple of weeks. I was earning $1/hour plus college tuition, but by the end of the year I had saved enough money to buy a ticket to go up to Alaska where I was able to get a job making $17/hr for 3 weeks working 60 hrs/wk before returning to college. I had many times when I couldn’t save much money, but always got by and learned clearly the difference between needs and wants.

Having grown up without a father (he deserted us when I was about 3ish) I didn’t have an example watch or learn from of most things Dads teach their kids. God blessed me with a grandmother that took us to church and I found men willing to give me advice and even help me occasionally. I learned how to learn life skills even before there was an internet. In those difficult times I used those skills to earn cash fixing broken things for people, mowing lawns, digging up broken pipes and fixing plumbing and electrical problems for people or shoveling snow, chopping wood or even collecting discarded beer bottles and soda bottles and returning them for the deposit. I was even able to rent a small plot for a garden to feed my family one time.

The point is that no matter how bad things get because of evil people like Obiden and FauXi and the democrat party as a whole, God still provides if we trust in Him and seek His help. He often uses those unjustly hard times to strengthen us and prepare us to help others later.

Now I can help others when we see them in need, like after a Cat 5 Hurricane that devastated our community. My family was one of the few in our neighborhood that not only took care of our own needs but fed the neighborhood and led the recovery. There was no power, water, cellular or internet service for between one and two months; garbage collection was stopped for quite a while as well. We organized making sure everybody had shelter, water and food. We had a generator and a well so we could allow others to charge their devices, and we brought fuel and drinking water in for the neighborhood and built an outdoor shower for people to stay clean and a water spigot from the well to carry buckets of water for toilets. We also served as a central location for coordination of meals while the meat in freezers could be cooked and distributed it before it rotted. Then, when the remainder went bad, we coordinated a central location as far from the houses as possible to keep disease down while waiting for garbage collection to resume. We wouldn’t have been prepared to help so many others if God hadn’t blessed us with previous years of struggling and learning. Without those hard times we would probably have kept up with the Joneses instead of living with only a little more than we needed and saving and giving the rest.

Anther thing to keep in mind is that it is forever. Deflation is as rare as hen's teeth. Now, the BiejingBiden apologists and other pervs will say that : "This is temporary, it will go back down as soon as Biden's perfect plans are implemented."
No, if you lose 8% (Hah!) in a year that 8% is gone out of every savings you have. You will never get it back.