I don’t thinkI’m as pessimistic as the author, but he is absolutely right in at least one sense.
Measuring inflation in nominal dollars is meaningless when our currency is being flushed down the bowl by our central bank and our profligate spending. We need to raise interest rates by about 1.25 points, and instead we lowered them today. If there has ever been a time for tight monetary policy, it’s now, and instead we’re literally printing money. I could not be more pissed off at the people who are supposedly ‘’managing’’ our economy.
The author isn't pessimistic. He makes this crap up to shill more gold. He doesn't believe it at all.
Why raise interest rates? Why not lower to the lowest possible rate and then stop printing money?