Inflation Is Roaring! Biden, Congress & The Fed Don't Know What To Do!
Posted this Wednesday:
There are about a half-dozen “Status-Quo-Discrediting Crises” in the pipeline right now.
It’s Jimmy Carter all over again, except he didn’t have voter fraud to help him beat Reagan.
Imhave NEVER seen an article declaring, “NOW is the time to sell gold.”
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
John Maynard Keynes
Just because he was hard left does not make everything he said wrong.
To coherently talk about inflation, one has to clearly define inflation and what is the SINGLE AND SOLE cause of inflation.
Inflation is simply more dollars in the money supply over and beyond the Gross Domestic Product (GDP). Too many dollars in the money supply, of course, deflates the value of each dollar and, thus INFLATES prices.
The cause of inflation is singular: the Federal Treasury printing presses, printing tons of dollars to finance the mostly unconstitutional ventures of the mostly unconstitutional $3 trillion Federal Government.
CUT THE FEDS DOWN TO ITS CONSTITUTIONAL SIZE, and inflation (and taxes) will disappear overnight.
Com’on Man!
All they gotta do is print more money. What could that hurt? Hell, the dollars we have inthe bank are only backed by some lying politocrat. All Dimjo has to do is have the Fed print up a couple of hundred trillion dollars and we are home free.
Riiiggghhhttt!
While I don’t agree a gold standard will be the solution I applaud the attempt to write about solutions rather than just writing the usual meaningless wahh-wahh articles about “OMG there’s inflation!”.
And no, a FED rate hike or two or more is not going to cause hyperinflation, that’s silly. The Bond Market is in charge of the interest rates we all deal with every day, like mortgage loans and other consumer and business lending. The Bond Market is much larger than the FED and now that it is raising rate yields throughout the yield curve the FED has no choice but to follow. I predicted months ago the FED would move when the Bond Market started moving and not before. And here we are.
Gold looks a good trade right now for those experienced in that. It has to get to around $2,200 to reach its last high, so it’s got some room to run.
“The role of the state must be reduced to a bare minimum, and taxes reduced in step with declining government spending.
It amounts to a denial of anything other than very basic roles for the state, going against the modern democratic socialist grain.”
And this will not happen leading to financial collapse and more government control (socialism).
I got an idea! Blame Putin!