When There’s Too Much Money, There’s Never Enough Stuff - Ep 731

 

Video Length: 00:57:44

Take the #CPI numbers with a grain of salt. The CPI will catch up to the PPI. Fed’s new definition of transitory means a permanent reduction in standard of living. The problem isn’t a shortage of stuff, it’s an excess of money. Inflation is always and everywhere a monetary phenomenon. Consumers are expecting higher prices. Gold stocks mark potential turning point. Inflation will pay for government spending, middle class will pay for #inflation. Hedge funds buy preferential #tax treatment from politicians.