Tag: Fed inflation

Via International Man

International Man: The US government has printed more money recently than it has in its nearly 250-year existence.

It’s the biggest monetary explosion that has ever occurred in the US, and it shows no sign of slowing down.

Retail prices are already starting to soar.

Where is this all headed? Is inflation out of control?

Doug Casey: It doesn’t look terribly out of control yet on a retail level. A Big Mac is generally under $5, and gas is around $3. The tens of millions of Americans earning $10–15 an hour can still scrape by after taking in a roommate to cover rent at say $1000 a month—especially since millions of them are still stiffing their landlords with rent and mortgage “forbearance.” But as that goes away and a radical wave of inflation washes over the country, a lot of them will wind up on the street.

Continue reading “Doug Casey on How Politicians Will Try to “Fix” Inflation with 3 Dangerous Policies”

From Birch Gold Group

Since the pandemic began a year ago, the term “new normal” has become part of the American lexicon. Not “new” as in better or improved. But rather “new” as in contrast to the way things used to be.

Much of the mainstream discussion argues that returning to the “old” normal isn’t likely to happen. Things like pre-pandemic employment, closer-to-normal price inflation, and less economic uncertainty just aren’t on the map.

The Street summed it up generously as: “Numerous chain reaction ripple impacts will delay the economic recovery.” Some of these “ripple effects” were in motion long before the pandemic hit.

For example, the Fed was already in a state of panic thanks to an out-of-control repo rate fiasco from 2019, mounting debt, and potential ineffectiveness of its main tools.

Continue reading “New Normal: High Unemployment, Near-Zero Interest Rates and Out of Control Inflation”